Financial Daily from THE HINDU group of publications
Friday, February 15, 2002
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Financial Daily from THE HINDU group of publications Friday, February 15, 2002 |
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CORPORATE ANNOUNCEMENTS Promoters to trim stake in Hanuman Tea to 35 pc -- Pref shares to be converted to equity THE promoters' stake in Hanuman Tea Company Ltd will come down to 35 per cent from the existing level of 58 per cent on the conversion of its preference shares into equity. Industry sources said the company had recently made a partly ... More
Paradip set to move Nalco ingots again COURTS/LEGAL ISSUES Tata Steel writ against excise notice rejected THE Calcutta High Court has rejected a writ petition filed by Tata Iron & Steel Co Ltd, challenging the notice of Central Excise Department, dated November 13, 2001, on a jurisdictional point. As per calculations of Union of India, the dues ... More EDUCATION DISINVESTMENT Govt downplays Paradeep post-closure clause THE Union Government on Thursday sought to downplay the "post-closure adjustment '' clause in the shareholders agreement for selling 74 per cent of its equity in Paradeep Phosphates Ltd to Zuarai-Maroc Phosphore combine. PPL is expected to end ... More MERGERS & ACQUISITIONS Paradeep sold for Rs 151.7 cr THE combine comprising the K.K. Birla-promoted Zuari Chemicals and Fertilisers Ltd and Maroc Phosphore of Morocco has bagged the deal for acquiring strategic control of Paradeep Phosphates Ltd (PPL) for a consideration of Rs 151.7 crore, in a ... More
Pechiney may bid for Nalco control
Reliance move on `takeover code violation' -- When a fine cannot be a full stop
TNPL puts in EoI for 74 pc HNL stake
Sundaram Fin to buy out Newton stake in AMC
Alstom to merge group companies
Paid holiday for Bells Controls staff
Sanyo may let BPL keep majority stake in venture CORPORATE GOVERNANCE Accounting for credibility at last! A survey of senior financial executives of America's 1,000 largest companies has revealed that 60 per cent of them are `somewhat confident' of the reliability of the auditing being done today while 82 per cent say that the Enron bankruptcy is a `sign ificant problem' for the `credibility of auditing and accounting firms'. More NEW PROJECTS Hotline plans Rs 150-cr expansion ELECTRONIC components maker, the Rs 1,700-crore Hotline group, has chalked out a Rs 150-crore plan for expanding its colour picture tube (CPT) manufacturing capacity in association with Japan's Hitachi, a top official said. As per the ... More
Hatsun Agro in expansion mode
MCI Worldcom seeks to set up Indian base REGULATORY BODIES & RULINGS DCA to withdraw cases against `amnesty' cos THE Department of Company Affairs (DCA) has in principle decided to withdraw cases of prosecution against those companies which have already availed of immunity under the Company Law Settlement Scheme-2000 (CLSS-2000). The department had ... More ALLIANCES & JOINT VENTURES APE Grain Systems to offer storage solutions -- Ties up with US firm to set up warehouses THE Bangalore-based APE Grain Systems has tied up with MFS/YORK/STORMOR of the US to offer bulk grain handling solutions in India. The two plan to address the emerging storage and warehousing market, which was opened up to the private sector in ... More
Tata Engg talks with Rover `in initial stages' STANDARDS & BENCHMARKS Eco certificate for TNPL TAMIL Nadu Newsprint and Papers (TNPL) has been awarded ISO 14001 certification for environmental management system in development, manufacture and supply of printing and writing paper, according to a company press release. The certificate was ... More SICK UNITS Price bids for Jessop today THE Union Government's bid to privatise the Kolkata-based Jessop & Company Ltd, a sick company referred to the BIFR, will be on test when financial bids are invited on Friday. In all, five bidders are understood to be in the fray for acquiring ... More OUTLOOK UPS maker Merlin sees buoyant growth A POWER failure for a few seconds may cost international banks millions of dollars and IT/software companies valuable clientele. A minute-long power interruption may mean a month-long production loss for industrial installations with ... More Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Feb. 3-Feb. 9 Companies fight shy of meaningful disclosures Some home truths about Chinese threat VSNL seeking lower `settlement' rate -- Overseas calls set to be cheaper Wipro campus recruits told to wait till 2003 US accounting industry in for `major overhaul' Indian Oil set to acquire IBP Bajaj Auto aims to pip Hero Honda Tatas hit jackpot with VSNL Hyundai planning to come out with IPO UB set to soak South with latest buyout -- Snares GMR Vasavi, Empee Zuari-Chambal bids for Paradeep Phos |
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