Financial Daily from THE HINDU group of publications
Wednesday, January 30, 2002

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Draft recast plan ready -- HPL shut due to `technical fault'
THE Haldia Petrochemicals Ltd (HPL) plant has had to be shut down owing to some technical and instrumentation faults at the caustic tower, which is an integral part of the naphtha cracker unit (NCU). While efforts are on to resume production ... More

Infosys, Citadon server deal
BANGALORE: Infosys Technologies on Tuesday announced its server-side development partnership with Citadon for Citadon CW, a product which is designed to meet the needs of enterprises with capital works programmes that involve complex ... More


ICWAI draft on cost classification
THE accounting standards board, set up recently by the Institute of Cost & Works Accountants of India (ICWAI), has prepared its first ever exposure draft on cost classification, which is expected to become a full-fledged cost accounting standard. ... More


Titan Broadband services in Delhi
NEW DELHI: Titan Broadband, a global broadband communications service provider, has launched its services in New Delhi. Customers in the city will now be able to avail of Titan's services that include high-speed Internet access, ... More

SureWave Mail from JP Mobile
NEW DELHI: JP Mobile, an infrastructure and applications software developer for mobile businesses, has announced the launch of SureWave Mail — the mobile industry's first over-the-air (OTA) synchronisation product based on the new ... More


Aruna hive-off
CHENNAI: Aruna Sunrise Hotel has informed the Bombay Stock Exchange that its board has approved a proposal to hive off the s unit at Ranipet which manufactures ferric and non ferric acid to a wholly-owned subsidiary. Company officials ... More

Godrej Foods demerger okayed
The demerger of Godrej Foods Ltd (GFL) has been approved by the Bombay High Court and the Jabalpur High Court. The demerger scheme announced in July 2001 involves the merger of the manufacturing business of Godrej Foods, along with its ... More


Dabhol pact likely today
AFTER long-drawn haggling, the sale process of the promoters' stake in Dabhol Power Company (DPC) appears all set to take off with prospective bidders expected to sign a confidentiality pact with DPC tomorrow. All six interested parties will ... More

M&M gets nod for merger of arms
MUMBAI: THE board of directors of Mahindra & Mahindra Ltd (M&M) has approved a scheme of amalgamation of its subsidiaries e-Mahindra Solutions Ltd, Mahindra Auto Specialties Ltd and Mahindra Alternative Technologies Ltd with itself from March 31, ... More


Rubbermaid facility to come up in Bangalore
RUBBERMAID Homeproducts, a part of the $7-billion Newell Rubbermaid group of the US, is planning to set up a manufacturing unit in the country jointly with Perk Inn International (PII) of Bangalore. According to Mr V. Keshavan, Marketing ... More

Satyam forays into China
SATYAM Computer Services Ltd has announced the launch of its operations in China, marking the entry into mainland as a part of the Asia-Pacific expansion strategy. The company is set to establish a software development centre in cooperation ... More


HCL InfiNet pact with Atesto
HCL InfiNet, the Internet service providing (ISP) arm of HCL Infosystems Ltd, has tied up with US-based Atesto Technologies Inc to offer online testing services for Web infrastructure. This alliance will help HCL InfiNet to enlarge the range of ... More

SAIL pact for Haldia berth
STEEL Authority of India Ltd (SAIL) has signed a 30-year pact with International Sea Ports (India) Ltd (ISPL) to use exclusively berth no 4A at Haldia Dock Complex (HDC) of the Calcutta Port Trust. ISPL had earlier been given that berth by HDC ... More

Licence agreement on Haldia berth signed
A LICENCE agreement between the Kolkata Port Trust and TM International Logistics Ltd (TMILL), a joint venture between Tata Steel and IQ Martrade & Holding & Holding GmbH of Germany, was signed here on Tuesday. The equity capital of the joint ... More

VSNL, Mithi tie up for vernacular mail service
VIDESH Sanchar Nigam Ltd (VSNL) has tied up with the Pune-based Mithi Software Technologies Pvt Ltd for offering regional language Webmail solutions to VSNL users. VSNL Webmail service now offers e-mailing in eleven Indian languages along with ... More


Mascot Systems hopeful on US recovery
SOFTWARE developer Mascot Systems expects many of the scaled-down accounts in the aviation and financial services segments to ramp up again on US recovery prospects, analysts have said. Earlier, Mascot revised its earnings estimate to Rs 45-48 ... More

Geometric Software optimistic on earnings
MUMBAI: Geometric Software Ltd on Tuesday said its revenues for financial year 2001-2002 will be in the mid Rs 60 crore; with profit after tax in the region of Rs 12-13 crore. This was part of the company's management guidance issued at ... More


SAIL loss widens
NEW DELHI: The unaudited financial results of Steel Authority of India (SAIL) for the period April-December 2001 showed a loss of Rs 1,290 crore, primarily on account of a steep drop in sales realisation, rise in input costs and an ... More


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