Financial Daily from THE HINDU group of publications
Friday, November 15, 2002
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Financial Daily from THE HINDU group of publications Friday, November 15, 2002 |
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CORPORATE ANNOUNCEMENTS Ferguson `cleared' of shredding charges THE accounting firm A F Ferguson, in a statement issued here on Thursday, said that the firm has got a clean chit from the Registrar of Companies (RoC), Mumbai, on the charges of any shredding of records. It, however, termed the search and ... More
Coke's S-E Asia chief coming ACCOUNTING STANDARDS Readying auditors for gizmos and fraud TWO new auditing standards are on the anvil. These are from the Auditing and Assurance Standards Board (AASB) of the Institute of Chartered Accountants of India (ICAI). One is about auditing in a computer information systems environment, and the ... More OPEN OFFERS Open offer for stake in Delta Paper — SEBI grants relief to Laila group THE Securities and Exchange Board of India (SEBI) has exempted the promoters of Vijayawada-based Laila group from following certain key steps in making an open offer to the shareholders of Delta Paper Mills Ltd (DPML). Apart from the ... More COURTS/LEGAL ISSUES Iridium India seeks $200-m damages from Motorola INDIAN investors to the failed satellite phone project of Iridium LLC have sought damages topping $200 million in compensation from global telecom major Motorola Inc, the company said in its recent filings to the Securities and Exchange ... More RESTRUCTURING Assam-based gardens come under Warren Tea IN a bid to re-align tea gardens on geographical locations, the Warren Group of Mr Vinay Goenka has decided to transfer the Assam-based Tippuk Tea Estate from DPIL Ltd, one of its group companies, to Warren Tea Ltd, another group company. The ... More MERGERS & ACQUISITIONS ONGC to buy Cairns stake THE Oil and Natural Gas Corporation (ONGC) board has approved a proposal to conduct due diligence to acquire a significant portion of Cairns Energy's stake in three production blocks, of which, it already has a stake in both. It has, however, ... More NEW PROJECTS Casting flux powder for steel cos — Stollberg's Durgapur unit ready for launch STOLLBERG GmbH, Oberhausen, Germany, has set up a Rs 27-crore plant in Durgapur to make casting flux powder, an import substitute product. The project is being implemented through Stollberg's 100 per cent subsidiary Stollberg India Pvt ... More ALLIANCES & JOINT VENTURES Growth Talent to offer career transition services TALENT management firm, Growth Talent Company Ltd, has tied up with the Nasdaq-listed $500-million US-based Right Management Consultants, to add a new line of business by introducing Right's globally acknowledged Career Transitions Programme in ... More INTERVIEW 
`We want to be among the top 5 in decorative segment' - Mr Ashwin Dani, Vice-Chairman and MD, Asian PaintsASIAN Paints (India) Ltd is expected to maintain its growth momentum in the decorative paint segment, which is growing at 8-10 per cent. For the current year, Asian Paints would like to achieve 10-12 per cent growth in net sales, the company's ... More SICK UNITS Krishna jute mill impasse continues THE tussle between the management and the unions of Sri Krishna Jute Mill here has remained unresolved and more than 4,000 workers are in dire straits, as the strike (and the subsequent lockout) has deprived them of wages for more than a ... More OUTLOOK Microsoft has mega plans for HiTec City unit MICROSOFT Corporation has announced plans to grow its India Development Centre (MIDC), currently located in the HiTec City here, to its largest facility outside the US. This will involve an investment outlay of Rs 500 crore over the next three ... More
ECL hopes to turn around Lanco Kalahasti soon PERFORMANCE Cost-cutting, exports are India Inc's new mantras Interest cost, which significantly affects companies' performance, had been declining partly because of fall in interest rates prompting corporates to restructure debt, analysts said. Leading companies that brought down interest cost include Tata Che micals and Tata Engineering. More NEW PRODUCTS & SERVICES Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Nov. 3-Nov. 9 Treat investors' complaints lightly... at your own cost Nortel to focus on CDMA first for 3G shift `Broom' campaign by Bhopal victims against Dow Chem |
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