The Hindu Business Line : Monday, January 28, 2002

DX Tech enters e-publishing
DX Technologies, the technological development arm of Digital Publishing Solutions, has entered the e-publishing market with its DX Publishing Suite, for content management, distribution and commerce, and DX Enterprise, for volume, quality and ... More

Reliance to go ahead with NLD foray; VSNL bid alive
CLOSE on the heels of the entry of the first private operator in the national long-distance services - Bharti Telesonic Ltd - another big player is readying to give the incumbent Bharat Sanchar Nigam Ltd (BSNL) a run for its money. ... More

FOOD & DAIRY PRODUCTS

Tamed Tiger may keep Britannia's growth on leash
A SLOWING sales in Tiger biscuits coupled with not-so-satisfactory growth of the flavoured milk segment under the umbrella MilkMan brand could slow down bakery major Britannia's net profit for the December quarter, analysts say. "Tiger is ... More

TAXATION

$1.3-b overseas borrowings -- Reliance set to pay hefty withholding tax
THE Government has taken a final view to deny tax benefits to Reliance Industries Ltd (RIL) in the form of an exemption on withholding tax on external commercial borrowings (ECBs) aggregating $1.3 billion raised by the company prior to ... More

CREDIT RATING

ICRA takes Maruti off rating list
CREDIT rating agency ICRA Ltd has taken Maruti Udyog Ltd off any rating review after the top car manufacturer staged a turnaround and made profits in the first half of the current financial year, an ICRA official said. "The company has returned ... More

MERGERS & ACQUISITIONS

French tractor major buys out Thapars in 2 ventures
THE fourth largest tractor manufacturer in the world, SAME Deutz-Fahr Group SpA (SAFGS) of France, is buying out its Indian partners, the Thapars, in its two joint ventures in India for an undisclosed amount. The French company has two joint ... More

Amalgamation: When courts can refuse a meeting
A COURT may refuse to convene a meeting if the scheme proposed is unfair or not implementable (Krishna Kumar Mills Co). Mr Justice Venkatramana Rao, in the Travancore National & Quilon Bank case, observed that a court ought not to decline to ... More

VMF Soft plans to take 80 pc stake in US firm
VMF Soft Tech Ltd, a Hyderabad-based software firm, has announced its plans to acquire 80 per cent stake in the US-based Medical Communication Systems (MCS) Inc, a mobile computing solutions company. The stake is being acquired for a ... More

HCL Insys to complete software co buy by June
COMPUTING major, HCL Infosystems, will complete its proposed acquisition of a software company before June this year, a top company official has said. "June is my deadline for the acquisition. We will complete it by then,'' Mr Ajai Chowdhry, ... More

REGULATORY BODIES & RULINGS

Reviving the market by IPOs
IT is unlikely that the stock market would get a boost, as envisaged by the expert committee of SEBI, if banks were asked to expedite their equity offerings. The harsh reality is that investor interest is extremely low for bank stocks with the ... More

Probes against `shady' deals at dead end?
IN 2000-01, the Finance Ministry was pounded with carton loads of paper, listing out charges after charges against Reliance Industries (RIL), courtesy, the Bahujan Samaj Party Member of Parliament, Mr Raashid Alvi. After the usual yawns, some ... More

ALLIANCES & JOINT VENTURES

JKingsman picks up stake in sugaronline.com
SOCIETE JKingsman, one of the world's largest independent physical sugar brokerage companies, has purchased a significant stake in Milecourt Ltd, which has recently acquired sugaronline.com. Following this development, the management of the ... More

CGG picks Xerox, CMC for solutions
THE Centre for Good Governance, being developed with funding from the UK Government, has firmed up pacts with a range of solution providers including Xerox to design a document centre and CMC to develop and install an information system. While ... More

Amareswara, Mahindras join hands to market hybrid seeds
AMARESWARA Agri-Tech Ltd (AATL), a Hyderabad-based hybrid seed company, has tied up with Mahindra and Mahindra Ltd (MML) for marketing its products across the country and also in Nepal, Sri Lanka and Bhutan. AATL currently has 150 distributors ... More

INTERVIEW

Rechristened Vam Organic `Jubilant' of its gains
`Our successful implementation of strategic and corporate initiatives in the areas of supply-chain, manufacturing and distribution has facilitated sharp improvement in our net profits. Besides, we have a very strong in-house R&D.' More

EVENTS

Global leather body chooses 22 colours from India
AROUND 22 colours from India have been selected this year by Modeurop, an international colour forecasting authority for the footwear and leather garment industry, according to Dr T. Ramasami, Director, Central Leather Research Institute (CLRI). ... More

OUTLOOK

Fortis moves to set up more hospitals
At a project cost of Rs 100 crore each, work on two tertiary hospitals is expected to begin in four months. The company will also pursue plans to set up secondary level multi-speciality hospitals. More

Trivium plans to focus less on direct sales
TRIVIUM is offering its solution in a hosted environment in a bid to decrease its dependence on direct sales, which should enable it to clock 200 per cent growth in revenues in 2002-03, according to Mr Arun Kumar Maheshwari, Managing ... More

Hatsun Agro plans to expand market in western region
THE Chennai-based Hatsun Agro Product Ltd is considering further acquisitions and market expansions in the western region, particularly in Karnataka and parts of Maharashtra, according to its Managing Director, Mr R.G. Chandramogan. Hatsun Agro ... More

NPC hopes to gross Rs 4,500 cr
THE Nuclear Power Corporation (NPC) expects to gross a turnover of Rs 4,500 crores by end of the current fiscal, a 20 per cent growth compared to its performance during year 2000-01, according to its Chairman and Managing Director (CMD), Mr V.K. ... More

Scoreboard
SE Diary

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

`Banking is much more than balance sheets' — Ms Ranjana Kumar, CMD, Indian Bank

DX Tech enters e-publishing

$1.3-b overseas borrowings -- Reliance set to pay hefty withholding tax

Reviving the market by IPOs

Economic growth likely to be below 5 pc: CEO poll

Retention price: Govt move keeps urea units on tenterhooks

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Jan. 20-Jan. 26
Norsk to sell Utkal stake to Indal-Alcan