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Thursday, January 29, 2004

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ANNOUNCEMENTS
Cummins India Chairman resigns
THE board of Cummins India Ltd today announced the resignation of Mr Ravi Venkatesan as Chairman of the company April 1, 2004. Mr Venkatesan will also relinquish his position as Managing Director, Tata Cummins Ltd, and Country Head, Cummins ... More

CESC seeks lower tariff for next fiscal
CESC Ltd, the flagship company of the RPG group, has asked for a lower tariff for 2004-05 compared to 2003-04. In its petition filed before the West Bengal Electricity Regulatory Commission (WBERC), the power utility has prayed for an average ... More

Yazaki Corpn plans auto unit in Vizag
YAZAKI Corporation, a Japanese major exporting auto components, is planning to set up a 100 per cent export-oriented unit (EOU) in the country and Vizag is one of the places being considered for the purpose. This was stated by Mr Shinji ... More

  • Divi's Labs clears IDBI loans
  • Balakrishna Ind staff on strike at Waluj tyre unit

    PREFERENTIAL ALLOTMENTS
    Nagarjuna Const shareholders okay preferential offer
    NAGARJUNA Construction Company Ltd (NCC) has informed the stock exchanges that the shareholders of the company at the extraordinary general meeting held here on Wednesday have approved issue of 10-lakh equity shares of Rs 10 each at a premium of ... More

    OVERSEAS BORROWINGS
    Indian Hotels to raise $ 150 m
    INDIAN Hotels Company Ltd has informed BSE that at the EGM of the Company held on January 27, 2004, the members of the Company approved the raising of long-term funds by the company for an amount not exceeding $150 million as per the basis ... More

    COURTS/LEGAL ISSUES
    Martha Stewart trial a `shooting match'
    A JURY pool of eight women and four men is set to decide the fate of Ms Martha Stewart in what is being billed as a sure "shooting match" between the lawyers representing the Government and the defence. The final jury came out of a pool of ... More

    ACCOUNTANCY

  • ICSI office-bearers

    FINANCIAL PERFORMANCE
    Sterlite Ind Q3 net up 43.19 pc
    STERLITE Industries (India) Ltd has reported a net profit of Rs 50.70 crore for the third quarter of the current fiscal, against Rs 35.47 crore recorded in the corresponding period of last fiscal, registering a 43.19 per cent jump. The company ... More

  • BOC India Q3 net rises to Rs 22 cr

    RESTRUCTURING
    Pfizer to sell Ankleshwar plant
    AS part of its strategy to rationalise its manufacturing facilities, Pfizer Ltd has entered into an agreement with Anodyne Remedies India Ltd to sell its plant in Ankleshwar, Gujarat for Rs 4.5 crore. This was, however, subject to approval from ... More

    REGULATORY BODIES & RULINGS
    Coimbatore RoC to go online in June
    THE department of company affairs' (DCA) e-governance initiative will see Coimbatore emerging as the first centre among the country's registrar of companies (RoC) office networks to go online completely. `The RoC Coimbatore will start operating ... More

    SOCIETY & DEVELOPMENT
    Rashtriya Ispat to launch AIDS awareness drive
    THE Visakhapatnam steel plant (Rashtriya Ispat Nigam Ltd) has drawn up a plan to organise health camps to make people aware of the perils of AIDS and the preventive measures during the current year, says a press release issued by the ... More

    SICK UNITS

  • BHPV taskforce to meet

    OUTLOOK
    General Motors bullish on India
    GENERAL Motors has identified India as one of its major growth regions during 2004 and targeted up to $800 million in revenues from the country apart from China and Thailand during the year. "The target is to improve profitability in India," ... More

    UB Global hopes to make Rs 50-crore shoe exports
    UB Global Corporation Ltd (UBGCL), the international business arm of the UB Group, has emerged as one of the largest exporters of fashion footwear from India. During 2003-04, it hopes to report Rs 50 crore turnover from shoe exports as against ... More

    Boeing sees huge demand for new aircraft
    THE US-based aircraft manufacturing major, Boeing Commercial Airplanes, said on Wednesday that it was seeing a huge demand for its soon-to-be-ready 7E7 aircraft from airlines in Asia. Speaking to newspersons, Dr Dinesh A. Keskar, Senior ... More

    Tata Elxsi sees big jump in royalty income
    TATA Elxsi, the product design arm of the Tata Group, said on Wednesday that an increase in turnkey product development projects and royalty revenues would drive its growth over the next few years. Mr Madhukar Dev, CEO, Tata Elxsi, said the ... More

    INVESTOR PROTECTION
    DCA taps merchant bankers to nab `vanished cos' promoters
    THE Department of Company Affairs (DCA), which has legally proceeded against companies that vanished after collecting public money through initial public offering (IPO), is working through the merchant bankers who helped out these IPOs for ... More


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    Top Stories
    Fertiliser export norms eased


    `India merits higher rating'

    DCA taps merchant bankers to nab `vanished cos' promoters

    Attrition now higher than in dotcom boom

    Farm sector on the dole

    FDI inflow slowed during last fiscal: RBI report

    Looking back
    Jan. 18-Jan. 24
    Fastow guilty plea seen as a breakthrough

    MNCs to outsource auto components worth $ 1.3 b

    Piaggio eyes Rs 1,000-cr turnover in India by 2005

    Ashok Leyland plans Rs 390-cr investment — May make a foray into China, Pakistan

    Chemfab Alkalies to put up Rs 30-cr desalination plant

    Special Court clears Jayalalithaa in SPIC case


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