The Hindu Business Line : Wednesday, May 14, 2003

KRL to resume supply to FACT as standoff ends
THE standoff between Kochi Refineries Ltd (KRL) and Fertiliser and Chemical Travancore Ltd (FACT) appears to have reached an amicable conclusion with the former agreeing in principle to resume supply of raw materials, naphtha, fuel oil and ... More

COMPANY LAW

Cos Bill moots penalties to protect investors
TO protect the interests of investors and to ensure that India Inc follows the provisions of the Law, the Companies (Amendment) Bill, 2003 has proposed for further tightening the penalty provisions. The Bill envisages penalties for a company ... More

Penal provisions in Companies Bill irks ICAI
THE Institute of Chartered Accountants of India (ICAI) plans to wave the `enforceability' card to dissuade the Government from introducing penal provisions on auditors in the proposed amendments to the Companies Act, 1956. "The proposed penal ... More

COURTS/LEGAL ISSUES

Calcutta HC sets aside notice against Mallya
A DIVISION Bench of Calcutta High Court comprising Mr Justice D.K. Seth and Mr Justice R.N. Sinha set aside a notice issued by the Asst. Commissioner -- Investigation Circle 4 (1) Calcutta U/s 154 of the I.T. Act, 1961 dated January 9, 1996 ... More

HUMAN RESOURCES

i-manager to open operations in Muscat, Lanka
I-MANAGER, a Thiruvananthapuram-based organisation imparting skill-based management training, is expanding operations to Muscat and Sri Lanka. According to Mr Joe Winston, Chief Executive Officer, i-manager is tying up with leading players ... More

CORPORATE GOVERNANCE

Satyam promises trust, integrity, transparency
SATYAM Computer on Tuesday said that its first global customer summit - SatyamWorld - held in San Diego, California, earlier this month, focussed on `Business Fusion', where over 80 top-notch global companies attended. The Satyam ... More

NEW PROJECTS

Shaw Wallace Breweries in expansion mode
SHAW Wallace Breweries Ltd is in a major expansion mode. The company, which has already put in Rs 200 crore last year, would be investing another Rs 300 crore over the next two years. Speaking to newspersons at the Royal Challenge Student ... More

M&M opens second assembly plant in US
RESPONDING to rising US demand for its tractors, Mahindra & Mahindra (M&M), USA, has opened a second assembly plant and distribution centre in Calhoum, Georgia. This centre is expected to strengthen the company's presence in the US market and ... More

INTERVIEW

`Cosmo Films is open to inorganic growth'
THE Delhi-based Cosmo Films Ltd is gearing up for the future after posting a 127 per cent jump in net profits last fiscal. As a follow up to successfully integrating Gujarat Propack Ltd into its fold, it is now in the process of increasing ... More

OUTLOOK

Reliance Info eyes US market for data services
RELIANCE Infocomm Ltd is planning to take its broadband and data services to the US, specifically, once its enterprise and consumer netways are rolled out in India. These netways plan to connect millions of commercial buildings as individual ... More

BEL aiming to become Rs 5,000-cr PSU
BHARAT Electronics (BEL) aims to become a Rs 5,000-crore PSU by the end of the Tenth Plan, i.e. 2006-07, its Chairman and Managing Director, Dr V.K. Koshy, said here. At the inauguration of the golden jubilee year of the defence electronics ... More

Karnataka: Beverages Corpn may help UB advance sales target
THE UB Spirits Division (UBSPD) may advance the annual sales target of 35 million cases following the State Government's decision to set up a State Beverages Corporation to manage the wholesale trade of Indian made foreign liquor (IMFL) from ... More

PERFORMANCE

BSP registers highest ever rail production
BHILAI Steel Plant (BSP) of Steel Authority of India Ltd (SAIL) registered its highest ever production and sales of 26-metre rails to the Indian Railways in April. According to a press release issued by BSP, the plant produced 12,679 tonnes and ... More

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