The Hindu Business Line : Sunday, May 04, 2003

Nokia puts off Indian manufacturing plans
NOKIA India Ltd, the Indian subsidiary of the world's largest mobile phone manufacturer based in Finland, has decided to put off its plans to set up a manufacturing facility for mobile handsets and pagers in India. The company, in a written ... More

ACCOUNTING STANDARDS

Deferred tax accounting: Debit companies, credit investors
IT DEALT a body-blow to the profits of quite a few corporates in 2001-02 and sent several companies scurrying to the courts to stop its application. It is now two years since the new accounting standard on recognising deferred taxes became ... More

Why account for deferred taxes?
THE term "deferred tax" may sound ominous enough to put off all but the most ardent of number-crunchers... but it is not rocket science. Here are some FAQs. What are deferred taxes? The need for deferred tax accounting arises because ... More

FINANCIAL PERFORMANCE

Hindustan Paper seeks level playing field
EVEN though it earned a reasonably good profit in 2002-03, the State-owned Hindustan Paper Corporation Ltd (HPC) is uncertain of repeating the performance unless it is allowed to operate on a level playing field as has been offered to all new ... More

HUMAN RESOURCES

Cummins offers VRS package at Pune unit
CUMMINS India Ltd (CIL) has announced a voluntary retirement scheme (VRS) at its unit here, which manufactures diesel engines in the 60-2700 HP range. According to a company statement, the scheme will offer employees a lumpsum payment (maximum ... More

CORPORATE BONDS

Hindustan Latex gets highest `safety' rating
THE Investment Information and Credit Rating Agency (ICRA) has assigned an A1+ (A one plus) rating to the Rs 5-crore commercial paper (CP) programme of Hindustan Latex Ltd (HLL), indicating highest safety in the short term. In a communiqué to ... More

RESTRUCTURING

Foreign partner's recast cheers AMP Sanmar
THE restructuring of AMP, the overseas partner of the Chennai-based non-life insurance company, AMP Sanmar Assurance Company Ltd, is good for the Indian company, the AMP Sanmar's CEO, Mr S.V. Mony, has said. AMP proposes to split its UK and ... More

NLC bid to shed non-core activity may pay off
A RECENT move by Neyveli Lignite Corporation, which is on an expansion spree and is poised to establish its association with projects outside Tamil Nadu, clearly suggest that it wants to disengage itself from what has become non-core activity in ... More

FIXED DEPOSITS

M&M Financial Services: Ride on
THE fixed deposit programme of Mahindra and Mahindra Financial Services (MMFSL) is a good investment option. The interest rate on offer is lower than that given by companies such as Ashok Leyland Finance. However, given the revival in auto ... More

MERGERS & ACQUISITIONS

Nirma members okay demerger

NEW PROJECTS

DuPont arm sets up R&D unit; scouting for food partners
FOR consumers addicted to `non-nutritional' snack items, the battle between `eating healthy' and `eating tasty' may soon be resolved. Speciality-food ingredients company, The Solae Company, has set up a research and development centre in India to ... More

TRADE & LABOUR UNIONS

Maral's unit to restore full output

ALLIANCES & JOINT VENTURES

Mastek arm forms BPO venture with Carreker
MAJESCO Software Inc, a subsidiary of Mastek Ltd, a global outsourcing company, and Carreker Corporation, a provider of technology and consulting solutions for the financial industry, on Friday announced the formation of a new company, Carretek ... More

OUTLOOK

Tata Steel `aspires' to net Rs 1,000 cr
ONE year after the launch of its EVA (economic value-added) programme, Tata Steel has unleashed ASPIRE, its Aspirational Initiatives to Retain Excellence. The move is aimed at facilitating the company to achieve its `vision architecture' of ... More

PERFORMANCE

Hyundai April sales up 42 pc
HYUNDAI Motor India Ltd sold 10,681 units in April, a 42 per cent increase over the 7,529 units sold in April 2002. Santro sales increased 45 per cent to touch 8,320 units, Accent sales were up 43 per cent to 2,259 units while the company sold ... More

PEOPLE

G.V. Films' CMD found hanging
THE body of Mr G. Venkateshwaran, Chairman and Managing Director, G.V. Films Ltd, was found hanging in his house in Chennai today. He was 56 and is survived by his wife, a son and a daughter. A leading light of the Tamil film industry, ... More

NEW PRODUCTS & SERVICES

BEML rolls out 100-tonne truck

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