The Hindu Business Line : Sunday, September 01, 2002

HMT to sell 32 acres to raise funds
HMT Ltd plans to sell 32 acres in Bangalore to raise funds to meet its near-term finances, company sources said. The land is currently owned by subsidiary, HMT Watches, and the funds raised through the sale will be used to service salary ... More

L&T to build 8-tower complex in Dubai
LARSEN and Toubro has re-entered the civil construction sector in the UAE by bagging a prestigious contract to build an eight tower hotel-cum-residential complex in Dubai's upmarket Sheikh Zayed Road. The company has also been awarded a ... More

CORPORATE DISPUTES

MRTPC rejects `Sundrop' plea against Marico
NOW, it is the cooking oil companies that are trying to outdo each other in attracting "health conscious" consumer. While considering one such case, the Monopolies & Restrictive Trade Practices Commission (MRTPC) has rejected the application for ... More

RESTRUCTURING

Nocil allowed to shut down petrochem unit
THE Commission of Labour has granted National Organic Chemical Industries Ltd (Nocil) permission to shut down its petrochemicals division, which employs nearly 1,000 people. The company informed the Bombay Stock Exchange on Saturday that the ... More

CORPORATE GOVERNANCE

Good governance goes beyond disclosures
THAT corporate governance as enivisaged by the Securities and Exchange Board of India is merely a ritual is reinforced by its latest moves. SEBI now plans to put in place a rating system for corporate governance. The sum and substance of the ... More

NEW PROJECTS

Usha Lexus plans major expansion
WITH the opening of as many as 15 outlets in the last financial year and the company's turnover growing by 42 per cent, branded furniture player Usha Lexus is all set to make it big. The Vice-President, Mr Mukesh Kalra, told Business Line ... More

OUTLOOK

Hughes Tele sees slow growth in subscriber base
THE erratic monsoon as well as financial constraints has resulted in a rather retarded growth in the subscriber base for Hughes Tele.com, private basic services provider in Maharashtra and Goa, as it awaits its eventual integration with Tata ... More

PERFORMANCE

Corporate performance in April-June 2002 — Will gains evaporate on drought effect?
THE earnings performance for April-June 2002-03 suggested that an economic recovery was under-way. But this hope is now slowly fading. The first quarter numbers showed a reasonably healthy 16.8 per cent growth in post-tax earnings on a relatively ... More

Mixed trends across sectors
FOR the investing public looking for signs of a concrete economic recovery, the performance of different sectors for the April-June 2002-03 presents a mixed picture. Companies in automobiles, tyres, steel, healthcare and agrochemicals exhibited ... More

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