Financial Daily from THE HINDU group of publications
Wednesday, July 17, 2002
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Financial Daily from THE HINDU group of publications Wednesday, July 17, 2002 |
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CORPORATE ANNOUNCEMENTS Tata Steel to get on feet after DVC tripping TATA Steel whose production was disrupted since July 12, due to a massive drop in power supply in the grid of Damodar Valley Corporation (DVC), is expected to resume by July 17. A company release said that the damage was restricted to ... More
Kvaerner bags Indo Rama deal BUYBACK SEBI order on non-promoters' holding — Precot halts buyback PRECOT Mills Ltd (PML), which came out with an offer to buy back 10 lakh equity shares held by the public, has put on hold this programme following a directive from the Securities and Exchange Board of India (SEBI). SEBI, which wanted Precot to ... More
Ivega buys back stake from investors CORPORATE BONDS RESTRUCTURING CUMI gets Rs 31 cr for Palakkad unit CARBORUNDUM Universal Ltd has effected the sale of its electrocast refractories unit at Palakkad on April 17, for a consideration of Rs 31 crore. The sale of the unit to SERP Refractories India Ltd (part of the Saint-Gobain group) had been ... More NEW PROJECTS APFDC to expand teak plantations THE Andhra Pradesh Forest Development Corporation (APFDC) has firmed up plans to strengthen its diversification into raising teak plantations. With an investment of Rs 27 crore, teak plantations in 4,500 hectares are to be raised in the next ... More
TCC shelves synthetic rutile project REGULATORY BODIES & RULINGS 
DCA probe reveals `minor violations' — `Naresh Goyal owns Tailwinds'THE investigations being conducted by the Department of Company Affairs (DCA) into the ownership pattern of the holding company of Jet Airways, Tailwinds, show that the company is fully owned by Mr Naresh Goyal, who is both an Indian citizen and ... More
DCA issues notice to Xerox Modi INTERVIEW 
Indian Seamless targets Rs 450-cr turnoverWITH a financial restructuring package in place, the Indian Seamless Steels and Alloys Ltd (ISSAL), which has been in the red with an accumulated loss of Rs 240 crore hopes to return to the black in the current financial year on an expected ... More RIGHTS ISSUES No RBI approval needed to sell rights shares of overseas cos THE Reserve Bank of India (RBI) has eased the regulations under the Foreign Exchange Management Act (FEMA) by which Indians can sell shares allotted to them under a rights offering by overseas companies without the prior approval of the country's ... More OUTLOOK Bal Pharma to focus on R&D, herbals THE Bangalore-based Bal Pharma is aiming at a high growth, a Rs 100-crore company in the coming years and is focussing on contract research to tap big R&D opportunities with overseas companies. It recently spun off a separate subsidiary ... More PERFORMANCE 
ECGC net rises 29 pc despite spurt in claimsDEPRESSED overseas markets, fluctuating prices and a sharp increase in wilful defaults have resulted in a 130 per cent spurt in claims on Export Credit Guarantee Corporation of India Ltd (ECGC). Claims settled by the corporation during the year ... More Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Gender Justice Simple Economics Guide to derivatives Looking back Jul. 7-Jul. 13 Dhirubhai: `The sun has set today' Mumbai pays homage to its tallest tycoon — Dhirubhai passes into history Ranbaxy's anti-AIDS drugs on WHO list Amara Raja to design products for US partner LML hopes Freedom will drive it into the black |
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