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Sunday, July 31, 2005


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ANNOUNCEMENTS


BHEL bags 2 contracts worth Rs 900 cr in Oman
BHARAT Heavy Electricals Ltd (BHEL) has bagged two export contracts worth Rs 900 crore in Oman. The orders are from two power projects to be built on a turnkey basis for Petroleum Development Oman (PDO), a company in which the majority stake ... More

PREFERENTIAL ALLOTMENTS


Viceroy Hotels' preferential offer
THE shareholders of Viceroy Hotels Ltd have approved preferential offer to promoters and select strategic investors. The company has informed stock exchanges that its shareholders approved preferential allotment of 21.12-lakh equity shares of ... More

HUMAN RESOURCES


ONGC to relook HR policies — Plans `special career path' for specialists
ONGC is considering introduction of a `special career path' for its vast pool of geo-scientists and other specialists right up to the board level. Informed sources say that increasing incidences of poaching of company's knowledge workers by ... More

FIXED DEPOSITS


Attractive rates from Wheels India
Repco Bank: Investments in the fixed deposits of Repco Bank can be considered. The bank offers 6.75 per cent for 1-to 3-year deposits and 7.50 per cent for deposits for periods above 3 years. The higher rate compared to that offered by ... More

NEW PROJECTS


Nestle to set up Rs 100-cr unit in Uttaranchal
NESTLE India Ltd has said it will set up a manufacturing facility in Uttaranchal at an investment of Rs 100 crore over the next two to three years. The new facility will mainly manufacture culinary products and is expected to begin commercial ... More

REGULATORY BODIES & RULINGS


Simplified exit scheme to be extended
THE Ministry of Company Affairs has decided to extend the Simplified Exit Scheme, 2005 by a month. The scheme, which gave an opportunity to defunct companies of getting their names struck off from the register of the Registrar of Companies ... More

TRADE & LABOUR UNIONS


Honda to reinstate suspended, sacked workers
HONDA Motorcycle and Scooter India Ltd (HMSI) has agreed to reinstate all suspended staff as well as the four sacked workers in a peace deal with its employees, four days after the workers were lathi-charged by the police in Gurgaon during an ... More

BONUS ANNOUNCEMENTS


Ontrack Systems board proposes 1:2 bonus
THE board of directors of Ontrack Systems Ltd has recommended the issue of bonus shares in the ratio of one share for every two shares. This is the first time since its inception 18 years ago that the company will be issuing bonus shares, ... More

OUTLOOK


Fiat's survival game with new Adventure Sport
FIAT INDIA is in an unenviable position. Thanks to the settlement with General Motors and also the pick up in sales, particularly of the company's compact cars in key European markets, its Italian parent appears to ... More

PERFORMANCE


Staging a surprise encore — India Inc sustains pace of profit growth
IF you thought profit growth in financial year 2005 was a tough act to follow, Indian companies have certainly come up with a surprise. They have sustained the breathtaking pace at which profits were growing in the first quarter of financial ... More

Growth returns to HLL
IT was widely expected that Hindustan Lever Ltd (HLL) would return to profit growth after five consecutive quarters of dwindling profits; and it has not disappointed. The base effect of the price cuts on key detergent and shampoo brands in 2004 ... More


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Top Stories
Growth returns to HLL


Honda to reinstate suspended, sacked workers

`FIIs must invest in listed entities, comply with entry, exit rules'

Forex reserves fall by $23 m

In Focus

BHEL Disinvestment
The Yuan Revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Jul. 24-Jul. 30
Simplified Exit Scheme draws poor response

`No extension of deadline for revised clause 49 compliance'


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