Financial Daily from THE HINDU group of publications
Tuesday, July 09, 2002
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Reliance withdraws $500-m FCCB plan
RELIANCE Industries Ltd (RIL) has written to the Government saying that it is revising its earlier proposal to launch a $500-million credit enhanced international offering of foreign currency convertible bonds (FCCBs) against shares held by its ... More

CORPORATE DISPUTES


Court directs Pepsi to stop airing Lehar Soda ad
PEPSI Foods Ltd has been directed to stop airing the ad for Lehar Soda by the Court of the Sub-Divisional Judicial Magistrate in Bhadrak, in Orissa. The Lehar Soda film, which broke on Television in May, spoofs Bollywood stars Salman Khan and ... More

COMPANY LAW


Simplification marks Law Ministry drive
IN the Government's first 1,000 days since taking charge in October 1999, the Ministry of Law, Justice and Company Affairs has taken several steps including amending the Companies Act to evolve a productive, efficient and competitive corporate ... More

AWARDS & HONOURS


  • Super Gas achievers feted

    RESTRUCTURING


    SAIL's recast plan prunes interest outgo
    THE business restructuring programme of Steel Authority of India Ltd (SAIL) is now into its third year. A pertinent question is: What has been the impact of the exercise carried out so far in both financial and organisational terms? The ... More

    Transfer of 2 loss-making units — Bata to extend support to BDCL, Fashion Shoe
    BDCL Enterprises Pvt Ltd (BDCL) and Fashion Shoe Pvt Ltd (FSPL) — to which the two loss-making factories of Bata India Ltd (BIL) are being transferred (one each under the two companies), under a scheme of arrangement — will receive ... More

    SHORT TERM INSTRUMENTS


    RINL's maiden CP issue oversubscribed
    THE maiden commercial paper (CP) programme (first stage of Rs 100 crore in two Rs 50 crore tranches) of Rashtriya Ispat Nigam Ltd, which runs the Visakhapatnam Steel Plant (VSP), has been over-subscribed at Rs 105 crore. The total CP issue is ... More

    MERGERS & ACQUISITIONS


    ONGC creates ripples at MRPL counter
    OIL and Natural Gas Corporation clarified on Monday evening that it was only "considering" a proposal to acquire a stake in Mangalore Refineries and Petrochemicals Limited, a few hours after it informed the Bombay Stock Exchange that its board ... More

    Taj GVK hopes to win ITDC hotel at Chandigarh
    TAJ GVK Hotels & Resorts Ltd, the city-based hospitality joint venture between the Tatas and the GVK group, is set to acquire the five Star Hotel belonging to the India Tourism Development Corporation (ITDC) located in Chandigarh. A senior ... More

    CORPORATE GOVERNANCE


    Rating agencies invited to check corporate governance
    THE Securities and Exchange Board of India (SEBI) has invited response from leading credit rating agencies on whether the latter can institute a way to measure what its Chairman, Mr G.N. Bajpai, calls is "substance'' of corporate ... More

    ALLIANCES & JOINT VENTURES


    Hindujas yet to hear from Haldia Petro stakeholders
    THE probable participation of the Hinduja Group in the ownership as well as running of the Rs 5,000-crore plus Haldia Petrochemicals Ltd (HPL) will depend on whether the present stakeholders of the West Bengal-based petrochemicals company will ... More

    SCI signs deal with BPCL for crude transportation
    PRIVATISATION-bound Shipping Corporation of India (SCI) has signed a Contract of Affreightment (CoA) with the state-run Bharat Petroleum Corporation Ltd (BPCL) for transporting its crude cargo from the Persian Gulf for a six-month period with an ... More

    STANDARDS & BENCHMARKS


    Jubilant's Nira plant gets ISO 14001 certification
    JUBILANT Organosys Ltd (formerly Vam Organic Chemicals Ltd), a speciality chemical company, announced today that its manufacturing plant located at Nira, near Pune, has been awarded ISO 14001 certification for manufacture and supply of a complete ... More

    OUTLOOK


    Havell's mulls overseas buy
    HAVELL'S group, a diversified electrical engineering and products company, has drawn up plans to scale up overall exports and is eyeing an overseas acquisition. It is mulling a private placement offer to facilitate the acquisition. The Director ... More

    PERFORMANCE


    Tata Engg posts 31.3 pc rise in June sales
    TATA Engineering today reported a 31.3 per cent rise in domestic vehicle sales for June 2002 to 16,853 units as against 12,833 units of the previous corresponding period. Sales for the first quarter of 2002-2003 stood at 38,961 units, up 17.4 per ... More
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    Jun. 30-Jul. 6
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    Orchid sets up joint venture with Bexel Biotechnology


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