Financial Daily from THE HINDU group of publications
Friday, February 13, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Subscription

Group Sites

CORPORATE

ANNOUNCEMENTS
Ajanta Pharma's Tadalisa to take on Viagra
AJANTA Pharma Ltd has launched Tadalisā, a drug for erectile dysfunction in men. Tadalisa is a chemical equivalent of tadalafil and the original patent holder for this drug is Eli Lilly, which also hopes to market the drug in the country under ... More

Leasing out spare capacity — Hind Motors in talks for contract production
AUTOMOBILE manufacturer Hindustan Motors has said that it is in talks with five foreign companies, including BMW and Volkswagen, to lease out spare capacity at its Chennai plant, where the Mitsubishi Lancer is being made. "We have spare ... More

Kinetic to bring in just 100 more Aquilas
RETAINING exclusivity seems to be what the Pune-based Kinetic Engineering Ltd likes to do with its new offering — the Kinetic Aquila. With about 200 orders for the vehicle, the company is planning to bring in only one more batch of 100 ... More

ACCOUNTING STANDARDS
The bold face of the new preface to Accounting Standards
ALONG with a change of guard in the Institute of Chartered Accountants of India (ICAI), there is a sea change of face. The pronouncements that emanate from the accounting body are getting repackaged and the ICAI is redefining its own standard ... More

OVERSEAS BORROWINGS
Corporates go slow on ECB plans — Ratings upgrade on cards; domestic tap also attractive
CORPORATES have put on hold their plans to raise foreign currency funds through the external commercial borrowings (ECB) route. The Ministry of Finance last month had raised the ECB ceilings to $500 million (around Rs 2,261 crore) from $50 ... More

OUTSOURCING
Reuters shifts jobs from US, UK to Bangalore
GLOBAL information company, Reuters, will shift 150 jobs from its US and UK operations and hire 450 more in Bangalore to carry out its data management work. The Reuters Global Head of Data Operations, Mr Justin Abel, told newspersons on ... More

COMPANY LAW
Sleek version of Cos Act on cards
A SLIMMER version of the company law is on the cards, which is expected to be more in tune with current times. The Department of Company Affairs (DCA) is working on a concept paper that may lead to a trim and slender version of the Companies Act. ... More

AUDITING
Plea to develop profession of internal auditors
THE Institute of Internal Auditors, the US-based body with a presence in over 100 countries, is urging India to play a greater role in the development of the profession of internal audit. Internal audit has in recent times emerged as a major ... More

RESTRUCTURING
Samsung recasts Asian region management
BRACING itself for further strengthening its position in the Asian region, Samsung Electronics has announced a shift in management structure in the region. Under a new regional structure, India, which was previously under Samsung South-East ... More

MERGERS & ACQUISITIONS
Vedior of Netherlands to pick up 76 per cent stake in Ma Foi
VEDIOR of the Netherlands, a leading staffing services company, will pick up a 76 per cent stake in the Chennai-based Ma Foi Management Consultants Ltd. The Foreign Investment Promotion Board is believed to have approved Vedior's ... More

CLB approves Compact Power, HBL Nife merger
HBL Nife Power Systems Ltd has informed the stock exchanges that the scheme of amalgamation of Compact Power Sources Pvt Ltd with the company has obtained the approval of the Company Law Board, Chennai. Earlier during August last year, the ... More

NEW PROJECTS
Dabur Foods to set up Rs 20-cr multi-fruit processing plant
DABUR Foods Ltd, a 100 per cent subsidiary of Dabur India Ltd, has drawn up plans to establish a multi-fruit processing plant to support the growing domestic and export markets for packaged food. The Executive Director of Dabur India and ... More

Pokarna begins trial production
HYDERABAD: Pokarna Ltd, engaged in the production of granite slabs and garments, has started trial production in its apparels division. The manufacturing capacity of the plant, established here at a cost of Rs 20 crore, is 1,500 shirts ... More

REGULATORY BODIES & RULINGS
DCA talks soon to harmonise share valuations
THE Department of Company Affairs (DCA) will soon initiate discussions with regulators such as the Reserve Bank of India and the Securities and Exchange Board of India (SEBI) to "harmonise" the various share valuation approaches prescribed by the ... More

Ispat Industries under DCA lens
THE Department of Company Affairs (DCA) has initiated a probe against steel major Ispat Industries Ltd. Confirming this the Secretary, DCA, Mr M.M.K. Sardana, told reporters here on Thursday on the sidelines of FICCI conference on corporate ... More

ALLIANCES & JOINT VENTURES
Arvind, Pantaloon announce tie-up
ARVIND Brands and Pantaloon Retail Ltd on Thursday announced a tie-up under which Arvind's jeanswear brand, Ruf `n Tuf, would be available at Pantaloon's Big Bazaar outlets across the country. Announcing the tie-up at the Images Fashion Forum ... More

BONUS ANNOUNCEMENTS
Wockhardt prescribes 1:2 bonus, higher dividend
WITH a net profit growth of 300 per cent in the fourth quarter alone, Wockhardt Ltd on Thursday said that calendar year 2003 ended with a 36-per cent growth in net profit at Rs 143 crore. Having missed the Rs 1,000-crore mark, the company ended ... More

OUTLOOK
Toyota research chief sees future in hybrids
DESPITE increasing implementation of environment-friendly technologies, the internal combustion engine is certainly not on its way out. This was pointed out by Mr Hiroyuki Watanabe, Senior Managing Director and member of the board of Toyota ... More

PERFORMANCE
Exports cramp Indica domestic supplies
TATA Motors has been unable to supply Indica petrol passenger cars to buyers over the last two months, dealers said. Since most of the petrol vehicles manufactured at the company's Pune plant was being shipped to MG Rover, UK, there are hardly ... More

PEOPLE
H.W. Bhatnagar to head BHEL
MR Harsh Wardhan Bhatnagar, Director (IS&P), Bharat Heavy Electricals Ltd (BHEL), has been named to take charge as Chairman and Managing Director of the public sector engineering and power major, in addition to his current responsibilities. A ... More


Scoreboard
SE Diary



Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Top Stories
ONGC public offer: Final sale document filing next week


US and the shifting stand on Libya

BearingPoint opens software development centre in Chennai

ICICI Bank home loan disbursals at Rs 86,406 cr till Dec

Tatas propose loyalty programme for 12 brands

MFs mull disclosure on investors to intermediaries

Industrial output up 6.2 pc in Dec

Strong China demand to drive US steel

Looking back
Feb. 1-Feb. 7
CMC finds risk in banking on Govt projects

Indian Hotels mops up $150 m via foreign currency bonds


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line