Financial Daily from THE HINDU group of publications
Sunday, December 08, 2002

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Electrolux not to delist from Indian bourses
ELECTROLUX Kelvinator Ltd (EKL), the Indian subsidiary of Swedish white goods major AB Electrolux, has put all market speculations to rest by stating that it has no intentions of delisting from the Indian bourses. Speaking to Business ... More

Bilt mulls new product in digital printing segment
BALLARPUR Industries Ltd (BILT) is examining the possibility of launching a new product for the digital printing segment, the company's Vice-Chairman and Managing Director, Mr Gautam Thapar, has said. "We are evaluating the launch of a new ... More

Swagelok to promote its products in Indian market
SWAGELOK India, a subsidiary of the American parent company manufacturing and marketing the world's high technology fluid system components for more than five decades, is keen on promoting its products in the Indian industry to enhance the ... More


Tata Steel bags award for energy conservation
TATA Steel has bagged the National Energy Conservation Award 2002 in the integrated steel plants category. The Vice-President of India, Mr Bhairon Singh Shekhawat, will hand over the award to a representative of the company at a function to be ... More


L&T board puts off cement division demerger decision
THE board meeting of Larsen & Toubro held on Saturday to discuss the recommendations by its committee on a proposal for equity investment in its cement division ended inconclusively, with a section of the board asking for more time to study the ... More


Voltas Air is wholly-owned arm of Voltas
MUMBAI: Voltas Ltd has informed BSE that Voltas-Air International Ltd (VAIL) has become a wholly-owned subsidiary of the company. This is on transfer of 56.5 lakh shares of Rs 10 each of VAIL, a joint venture company, held by Air ... More


Related party transactions: Companies tread a thin line
INDIA boasts of a legal framework that actively discourages a company's top management from entering into transactions with the company they manage. But the related party disclosures by major Indian companies in the maiden year after such ... More

Reading between the lines
ASK a fund manager what he looks for in a company before investing in its stock and one of the first parameters he would pick is "management quality." Yet, this is a rather ephemeral concept. How does one really judge whether a company's ... More

Prohibited dealings
IN THE Indian context, instances of companies directly entering into contracts with their CEOs or directors have been rare. This is because the Companies Act, 1956 (through sections 295 to 301) severely restricts such transactions. A company ... More


PVK Engineers to tie up with Italian co for water treatment
PVK Engineers (P) Ltd, a city-based power systems and gas turbine manufacturer, is set to form a joint venture company with Water Team, an Italian firm, to diversify into water treatment plants and related chemicals which enhance productivity in ... More


Radaan Mediaworks plans public issue
THE Chennai-based Radaan Mediaworks (I) Ltd, promoted by the film actress, Ms Radikaa and her family, plans to tap the market with a public issue of 27.12 lakh shares of Rs 10 each at a premium of Rs 30 each, aggregating Rs 10.84 crore. The ... More


Big is beautiful
IT is always perceived that growing from a larger base is more difficult than from a smaller base. As the sentence suggests, it only appears to be a perception. If nothing, the financials results of 2,382 companies, in the just concluded quarter, ... More
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