The Hindu Business Line : Sunday, February 16, 2003

Saint-Gobain expands product range
SAINT-GOBAIN Glass India Ltd, a 100 per cent subsidiary of the Euro 30 billion-turnover global glass and mirrors major, has expanded its product range with the launch of a new high-tech range of mirrors. Stating this during a news conference ... More

Kirloskar board okays swap ratio
MUMBAI: Kirloskar Oil Engines Ltd has informed the BSE that at the extraordinary general meeting of the company held on January 21, the members authorised the board of directors of the company or any committee thereof to make an issue ... More

ACCOUNTING STANDARDS

Convergence with IFRS on the cards, but hurdles still remain
RESEARCH by the six largest accountancy firms in the world shows that an overwhelming majority of nations - over 90 per cent of a total 59 countries surveyed - intend to converge with International Financial Reporting Standards (IFRS). ... More

ICAI plans to become `virtual institute'
INFORMATION Technology is high on the CA Institute's agenda for this year — look at it from any angle. Foremost of all, the institute aims to convert itself into a `virtual institution', whose services would be available to its members "at ... More

OPEN OFFERS

Reliance stake in BSES rises to 58 pc
AS the second open offer made by Reliance Industries Ltd (RIL) for BSES shares closed on Saturday, RIL's holding in the power company has swelled from 44 per cent to about 58 per cent. The BSES Chairman, Mr Anil Ambani, said a domestic ... More

RESTRUCTURING

L&T refers cement recast plans to ICRA
THE board of directors of Larsen & Toubro today decided to appoint ICRA Ltd to study both the CDC proposal as well as Grasim's proposal for L&T's cement business, which the company proposes to demerge. The terms of reference for ICRA's study ... More

Glenmark to divest subsidiary

DPIL to seek nod for estate sale

FIXED DEPOSITS

Bharat Forge: Forging ahead
THE fixed deposit programme of Bharat Forge is suitable for depositors who are not risk-averse. The interest rates on offer are relatively higher than other manufacturing companies such as Fenner (India). The company's recent financials are ... More

CORPORATE GOVERNANCE

`Corporates need to regain small investors' confidence'
THE corporate sector has to gain small investors' confidence that has been eroded seriously in recent times, according to Mr P. Shankar, Central Vigilance Commissioner. Addressing a conference on `Socially responsible corporate citizenship' ... More

ALLIANCES & JOINT VENTURES

Apollo, ICICI Lombard tie up for emergency care
APOLLO Hospitals has entered into an alliance with ICICI Lombard General Insurance to offer a unique health insurance product aimed at making emergency care accessible to the common man. Addressing newspersons here on Saturday, the Apollo ... More

DIVERSIFICATION

Unbridled diversification: The unkind cut for shareholders
THE excesses of diversification into a myriad range of businesses continue to cast a shadow on the prominent and not so prominent names in India Inc. This is despite an effort at trying to achieve better focus — an exercise that started ... More

OUTLOOK

Herbalife targets 20 pc sales growth
HERBALIFE International India Pvt Ltd (HIPL), a Bangalore-based healthcare company specialising in nutritional supplement products aims to garner a 20 per cent growth in its topline from the existing Rs 100 crore. Speaking to newspersons here, ... More

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