The Hindu Business Line : Saturday, October 04, 2003

Fire breaks out at 2 Flex production lines
FLEX Industries Ltd on Friday informed the BSE that a major fire broke out at two of the production lines located at its facility in Noida. The affected production lines are engaged in manufacturing flexible plastic materials on October 1, 2003. ... More

ANNOUNCEMENTS

SCI declares special interim of Rs 17; share price spurts
THE Union Government will get Rs 384 crore by way of interim dividend from Shipping Corporation of India (SCI) ahead of the company's proposed privatisation. The company's board of directors on Friday recommended a special interim dividend of ... More

Ranbaxy gets USFDA nod for heart drug
AFTER receiving tentative clearance from the US regulatory authorities for cholesterol lowering drug Simvastatin, Ranbaxy Laboratories Ltd said that it received tentative US Food and Drug Administration's (USFDA) approval for Pravastatin Sodium ... More

Alacrity Housing facing credit crunch
ALACRITY Housing Ltd has been facing a cash crunch as the sanction of cash credit limits to replace the company's term loans with ICICI and Union Bank of India has been taking longer than expected, according to the company's annual report. The ... More

Sigma Vibra bags Rs 100-cr order from Daimler
SIGMA Vibracoustic India, a Delhi-based auto component maker, said that it has bagged a Rs 100-crore order from German auto major DaimlerChrysler to supply anti-vibration components. The deal was for supply of anti-vibration components for ... More

ECGC dividend

OVERSEAS BORROWINGS

$7-m loan from Habib Bank — Shiva Cement awaiting bank, FI guarantees
THE Rourkela-based Shiva Cement Ltd (SCL) is expecting to get the necessary bank guarantees from its banks and financial institutions by mid-November. These documents are important because the foreign currency loan of $7 million, which has just ... More

HUMAN RESOURCES

Two `retrenched' Tata Power workers attempt suicide
THE dark side of contemporary business climes caught up with the Tatas, as two temporary workers earlier on projects at Tata Power, attempted self-immolation before Bombay House here on Friday. Messrs Anant Ganpat Dalvi and Akhtar Khan, both in ... More

CORPORATE BONDS

Pvt placement of debt securities — SEBI unveils fresh norms for listed companies
DEBT securities issued on a private placement basis by listed companies and sought to be listed on a stock exchange has to carry a credit rating of "not less than investment grade" from an agency registered with the Securities and Exchange Board ... More

REGULATORY BODIES & RULINGS

Norms to codify role of audit panels deferred
CAUTION seems to be the prime concern of the Department of Company Affairs (DCA). Taking one step at a time, DCA is now said to have decided to keep in abeyance the proposal to codify the norms for the functioning of audit committees in ... More

PERFORMANCE

Interest burden declines more for mid-sized companiess
The effects of the steady decline in the interest rates have been sharply divergent for frontline companies (large and mid cap) in India Inc. Large companies have benefited from the decline in interest rates over the last five years. ... More

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