The Hindu Business Line : Thursday, February 20, 2003

120 cos to participate in Cidex trade shows
CIDEX Trade Fairs, the joint venture between Messe Dusseldorf and KolnMesse International, is holding three international trade shows of Tube India International, Sheet Metal India and International Welding Symposium from February 21 to 23 in the ... More

Belgian solid tyre major scouting for space
THE Belgium headquartered Solideal, counted among the global players in design and manufacture of a complete range of heavy-duty industrial pneumatic tyres, mainly for forklift operations, is looking for distributors in India for the company's ... More

AWARDS & HONOURS

Award for Tata Steel ferro alloy division
TATA Steel's ferro alloys & manganese division has bagged seven prizes in the Eastern Zone Safety Week Celebration, according to a company statement. The Sukinda Chrome Mine was declared the best mine in the eastern zone area, the statement ... More

AIMA annual awards
THE All-India Management Association (AIMA) has announced its annual awards here. The J.R.D. Tata Corporate Leadership Award 2002 is to be conferred on Dr J.J. Irani, CEO of Tata Steel. A lifetime achievement award has been conferred on ... More

HUMAN RESOURCES

ABB sheds hierarchy, goes `egalitarian'
THE next time you are travelling by train from Mumbai to Baroda, don't be surprised if you find yourself in elite company like Mr Ravi Uppal, Managing Director, ABB, or any of the company's other top executives. For ABB is shedding all the ... More

CFOs find human capital as a key value driver
RELATIONSHIPS between the finance and human resources functions have traditionally ranged from hostile to `cordial'. This however appears to be changing as the results of a recent study of 180 senior financial executives of major US and ... More

CORPORATE GOVERNANCE

Whole-time EDs may not be allowed to head audit panels
MANAGING or whole-time executive directors of public companies are likely to be barred from being appointed as a chairman of audit committees. A working group on corporate governance constituted by Department of Company Affairs (DCA) is set to ... More

Balanced approach for corporate governance norms must: FICCI
Corporate governance must be a matter of compliance in form rather than compliance in substance, which we feel is the real intent of bringing in guidelines," according to a FICCI official. More

ALLIANCES & JOINT VENTURES

BEML signs MoU with Bumar

SOCIETY & DEVELOPMENT

AirTel gesture to hearing impaired
CHENNAI: AirTel, a cellular service provider in Chennai, presented handsets with SMS (short messaging service) activated SIM cards to 30 hearing impaired young achievers in the city. The State Governor, Mr P.S. Ramamohan Rao, handed ... More

DIVERSIFICATION

Shriram group forays into education sector
CHENNAI-based Shriram group has set up a company called Shriram Centre for Learning Pvt Ltd, which marks the group's first commercial foray into education. (The group has been involved in education for a number of years, on a non-profit ... More

SICK UNITS

Daewoo net worth erodes 90 per cent — AGM on February 25 to appoint new auditors
DAEWOO Motors India Ltd (DMIL), a subsidiary of Daewoo Corporation of Korea, has suffered an erosion of more than 90 per cent in its net worth for the fiscal year ended March 31, 2002. For the last fiscal, its accumulated losses stood at Rs ... More

OUTLOOK

Grasim forms new strategy for VSF fabric production in TN
GRASIM Industries Ltd of the Aditya Birla group which was in the forefront years ago to promote 100 per cent viscose stable fibre (VSF) spun yarn for export from Tamil Nadu is trying to replicate its past strategy, this time to put the VSF fabric ... More

Kinetic earmarks Rs 4 cr for promos — To push special Boss variant
KINETIC Engineering Ltd has earmarked Rs 4 crore for promos and advertisements that are aimed at selling 5,000 units of a special variant of the `Boss' motorcycle within the next two months. Speaking at a news conference here on Wednesday to ... More

Essel Propack bets on co-extruded plastic tubes — Rolls out products from $20-m US plant
CO-EXTRUDED plastic tubes could evolve to be a significant business for packaging major, Essel Propack Ltd. The company is at present the market leader in laminated tubes, accounting for 25-30 per cent of total sales worldwide. The 30-billion ... More

PEOPLE

KPMG asks for CFO's head
THE world is already too used to CFOs getting fired. But the case of Universal Health Services (UHS) man is different. UHS is one of the US's ``largest and most respected health care management companies, operating behavioural health facilities ... More

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