Financial Daily from THE HINDU group of publications
Thursday, December 12, 2002
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CORPORATE

ACCOUNTING STANDARDS


Seminar on accounting standards
HYDERABAD: The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) is planning to organise a seminar on "Accounting standards and updates in corporate laws" on December 15 to deliberate on key areas such as emphasis ... More

AUDITING


Cost auditors gear for shield against law suits
AFTER chartered accountants, it could well be the turn of cost accounting professionals to contemplate securing safeguards against third-party action on cost audit reports. A general consensus on the issue seems to be forming in cost accounting ... More

COURTS/LEGAL ISSUES


Madras HC directs IOC to provide jobs to families displaced
THE Madras High Court has directed Indian Oil Corporation, Chennai, (and its bottling unit at Athipattu near Chennai) to provide one job to each one of the families whose lands had been acquired for putting up Indian Oil's LPG bottling plant at ... More

MERGERS & ACQUISITIONS


Goetze board okays merger with subsidiaries
THE board of directors of Goetze India Ltd has approved the scheme of amalgamation of Escorts Pistons Ltd (formerly known as Escorts Mahle Ltd) and Coupled Investments Pvt Ltd, both 100 per cent subsidiaries of the company, with Goetze India Ltd, ... More

NEW PROJECTS


Hyatt Regency opens in Mumbai
ANOTHER 408 five-star rooms were added to the already existing 1,900-odd hotel rooms in the northern suburbs of the city with the launch of the Hyatt Regency, Mumbai, here. And this is not all. The northern suburbs, which have seen the ... More

Jindal Strips to increase ferro chrome capacity
JINDAL Strips Ltd, the largest stainless steel producer in the country, is planning to expand its chrome mining operations in Orissa. The company already has around 80 hectares of chrome ore mines near Sukinda in Orissa and is scouting for some ... More

ALLIANCES & JOINT VENTURES


IOC signs lubes supply contract with Tata Steel
INDIAN Oil Corporation Ltd has signed a three-year lubricants supply contract with Tata Steel. IOC will also provide the iron and steel major with technical services, company officials said. "We will develop high performance lubricants for Tata ... More

DIVERSIFICATION


Videocon forays into online lottery
It had signed an agreement with Arunachal Pradesh for the online lottery business and was in the process of bidding for other State licences, an official statement said. According to it, the project plans to offer its first lottery product in ... More

OUTLOOK


Apollo proposes to roll out truck radials from April
TRUCK and bus tyre major, Apollo Tyres Ltd (ATL) plans to roll out its truck radials from its Vadodara facility in April 2004. The company is currently implementing a $51-million project at Vadodara for manufacture of truck radials. "In the ... More

Yamaha sees India as component hub
JAPANESE two-wheeler major Yamaha Motor Company has plans to develop India into a component hub. According to Mr Masahiko Shibuya, Chief Executive Officer, Yamaha Motor India Pvt Ltd, a team of representatives from the Yamaha Motor Asian ... More

PEOPLE


Nani Palkhivala passes away
MR Nani Palkhivala, long associated with the Tata group, once Indian Ambassador to the US, and known by the general public for his work and talks on constitutional law and in particular, for his staunch defence of individual rights, passed away ... More

Hikal gets new President
MR Vineesh Sadekar has joined Hikal Ltd as President and Chief Operating Officer (COO). He was formerly MD with RPG Lifesciences Ltd and was involved with planning, organising and directing overall operations of the company engaged in the ... More


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