Financial Daily from THE HINDU group of publications
Saturday, November 30, 2002
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Financial Daily from THE HINDU group of publications Saturday, November 30, 2002 |
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CORPORATE ANNOUNCEMENTS OPEN OFFERS Keep off L&T stocks, SEBI tells Grasim THE Securities and Exchange Board of India, which is investigating Grasim's acquisition of its initial stake in L&T last year, today directed the company not to acquire further shares of L&T in any manner until further advice. In a letter sent ... More
`SAT verdict a warning to cos not to play with rules' COMPANY LAW Should `officer in default' cover independent directors also? SHOULD independent directors on the boards of companies be considered as officers in default if any contravention of the provisions of the Companies Act, 1956 is found to be attributable to their consent, connivance or neglect on their ... More MERGERS & ACQUISITIONS Deepak Roy to take over Diageo's IMFL business LIQUOR industry veteran Mr Deepak Roy has signed a deal to takeover the global spirits giant Diageo's Indian Made Foreign Liquor (IMFL) business. Guinness UDV, part of Diageo, had put its India specific brands on sale earlier this year and Mr ... More
Nicholas Piramal board okays Global Bulk merger ALLIANCES & JOINT VENTURES HPCL, GAIL form venture to sell eco-fuels in AP HINDUSTAN Petroleum Corporation Ltd (HPCL) and Gas Authority of India Ltd (GAIL) have signed an agreement to form a joint venture company - Bhagyanagar Gas Ltd - to distribute and market environment-friendly fuels in and around the cities ... More
OIL in pact with Venezuelan firm for exploration INTERVIEW 
`You can't open up economy with a small window' - Mr Hari N. Harilela, Chairman, Hong Kong-based Harilela groupIF India is to compete with China in economic development or attracting foreign direct investment (FDI), "the Indian politicians will have to do more than change the names of cities... from Bombay to Mumbai and Madras to Chennai," is the ... More SICK UNITS BIFR confirms winding up of Real Value LIFE may soon be extinguished out of Maharashtra-based Real Value Appliances Ltd (RVAL), manufacturers of Ceasefire brand of fire extinguishers and vaccumizer cooking equipment, with the Board for Industrial and Financial Reconstruction (BIFR) ... More
No clear role yet for National Company Law Tribunal — Standing Committee not for dismantling BIFR OUTLOOK Loan subsidies to States to hit PFC bottomline THE Cabinet has approved the Power Ministry's proposal to extend a Centre-funded scheme to provide subsidised loans to the State power sector during the Tenth Plan period, with an annual subsidy outflow of Rs 300 crore. Unlike in the Ninth ... More
Invensys to expand IDC; mulls BPO centre
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Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Nov. 17-Nov. 23 Public floats may come under tougher scrutiny `We are in no hurry for IPO' — Mr Kwang-Ro Kim, MD, LG Electronics India Bridgestone plans to make commodity grade tyres — To buy out ACC, Tata Engg stakes Ford suppliers undergoing quality certification Unpaid dividends, matured deposits, debentures — Auditors may have to attest co declaration Duncans to hive off loose tea retail biz SEBI, Grasim tread the thin line of demarcation |
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