Financial Daily from THE HINDU group of publications
Tuesday, August 20, 2002
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Longines, Tissot to become Asian Games timekeepers
SWISS watchmakers, Longines and Tissot, which are a part of the Swatch Group, have announced their partnership as official timekeepers of the 14th Asian Games, which is going to be held between September 29 and October 14 in Busan, South Korea. ... More

Kinetic Engg begins exports of Boss
MUMBAI: Kinetic Engineering Ltd said it has commenced exports of its motorcycle Kinetic Boss with the initial containers heading for Sri Lanka. The company said it had also received orders for Boss from other countries in South Asia and ... More

ACCOUNTING STANDARDS


Panel formed to study auditor-company ties
The Ministry has set up this panel to lay down parameters to protect the interests of various stockholders, including retail investors. It will also examine connected matters such as the independence of auditors, restrictions on non-audit consultancy work by auditors, rotation of auditors and proposal for random scrutiny of company accounts. More

TAXATION


Experts to study I-T breaks for more services cos
NEARLY six months after the Budget announcement, the Finance Ministry has constituted an expert group to examine the issue of extending income-tax breaks to demerged or amalgamated companies in the services sector, including financial services ... More

FIXED DEPOSITS


FICCI for easy norm on co deposit with minimum risk
"Public deposits are a popular and efficient method of financing the medium-term needs of the companies. It is, therefore, necessary to create a conducive environment for such deposits to be freely invited and accepted, while simultaneously ensuring that an optimal risk reducing strategy is evolved,'' the chamber said. More

MERGERS & ACQUISITIONS


Fortune promoters to hike stake
FORTUNE Informatics Ltd, the Hyderabad-based document management software solutions provider, which had resolved to increase the authorised share capital, is now set to increase the promoters stake by converting warrants. The Chairman and ... More

MNC pizza chain to take a `Slice' of Italy — Restaurants to be relaunched by year-end
THE slices just did not add up. Slice of Italy, the homegrown Italian gourmet restaurant chain owned by entrepreneur Mr Rajeev Makhni, is up for sale. Confirming the development to Business Line, Mr Makhni said, "Slice of Italy is in ... More

ALLIANCES & JOINT VENTURES


Reebok, VLCC tie-up ends
SPORTS clothing and apparel major Reebok India's `strategic marketing' alliance with fitness and beauty chain VLCC (Vandana Luthra Curves and Curls) has come to an end. Reebok and VLCC had entered into an agreement late last year to market ... More

ICRA to foray into healthcare grading — Renews ties with Hospital Services Consultancy
RATING agency ICRA has renewed its ties with Hospital Services Consultancy Corporation (HSCC), a Government-promoted outfit specialising in setting up healthcare units, for its proposed foray into healthcare grading services. The new ... More

Prasar Bharati pact with Global Cricket
PRASAR Bharati has entered into a joint venture agreement with the Global Cricket Corporation (GCC) for terrestrial broadcast rights for the Champions Trophy and World Cup 2003, according to Mr K.S. Sarma, Chief Executive Officer (CEO), Prasar ... More

EVENTS


Assocham to host CEOs' retreat in Agra
AS many as 35 chief executive officers (CEOs) of Corporate India are to descend on Agra — the city of the Taj — for a three-day retreat beginning August 25 under the aegis of the Associated Chambers of Commerce and Industry of India ... More

OUTLOOK


Tata Engg reviewing CV export strategy
"If in the last two years the focus was on cost reduction, the next two will see a more aggressive Tata Engineering in the market," said Mr Ravi Kant, Executive Director. More

Tata plans to up bus market share
TATA Engineering and Locomotive Ltd planned to improve its market share in the passenger vehicles (bus) segment, the Executive Director (Commercial Vehicles), Mr Ravi Kant, said here today. Answering a question as to why the country's larger ... More

TVS hopeful of 24 pc pie in mobikes market
TWO-wheeler major TVS Motor Company has said its motorcycle sales were expected to grow by 34-45 per cent in the current fiscal to wrest a market share of 24 per cent as against 16 per cent last year on the back of robust sales of its newly ... More


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