The Hindu Business Line : Tuesday, July 22, 2003

`HP has no plans to delist Digital'
HEWLETT Packard's representative on board of Digital Globalsoft Ltd on Monday sought to allay shareholders' fears by announcing that the parent company has no plans to delist the shares of Digital. Replying to shareholders' queries at ... More

Fiat to launch new variants on 178 platform
Sachin Tendulkar and Michael Schumacher are expected to be featured in the new advertising campaigns for the launch of petrol version of Palio. More

Aurobindo Pharma results on July 31

COMPANY LAW

FICCI decries move to curb assets disposal
THE move to put a cap on selling, leasing or disposing of the assets of an undertaking of a company in a given financial year has not been received well by a section of the corporate sector. Calling it `investor unfriendly', the Federation of ... More

MERGERS & ACQUISITIONS

`Violation of norms in Tropicana deal'
The alleged irregularities pertain to the acquisitions of the Tropicana brand and Oceanic Distiller's works. More

REGULATORY BODIES & RULINGS

RoC Kerala goes online
RoC Kerala is the third office in the southern region to go in for online registration. The site will keep the corporate sector updated with new developments and schemes announced by the Government. More

INTERVIEW

STC back into black; charts big plans
AFTER remaining in the red in the wake of deregulation and decanalisation over a decade, State Trading Corporation (STC) of India Ltd is now back in black having grossed a turnover of Rs 1,252 crore and posted a pre-tax profit of Rs 1.05 crore ... More

OUTLOOK

Divi's Labs to cash in on outsourcing opportunities
DIVI'S Laboratories Ltd (DLL), the Hyderabad-based Rs 260-crore pharmaceutical company , has chalked out a strategy to cash in on the outsourcing opportunities to be thrown open to Indian pharma companies by the global pharma majors after 2005, ... More

SAIL not to go in for any major expansion
STEEL Authority of India Ltd (SAIL) has decided against any major expansion programme but will continue to increase its production capacity at the rate of 6-7 per cent for the next two years through de-bottlenecking activities. The SAIL ... More

Playwin hopes to break even by September 2004
PAN India Network Infravest Pvt Ltd, which operates online lotteries on behalf of the State Governments of Sikkim and Karnataka, hopes to break even on its initial investment of Rs 350 crore by end-September 2004. The Essel group company, ... More

Clariant to use Indian arms for custom synthesis
THE Swiss chemicals major Clariant has identified India as a key location for custom synthesis projects. The group has two main subsidiaries in India, namely Clariant India Ltd and Colour-Chem India Ltd. Under the customs synthesis project, ... More

Ma Foi pins hopes on franchisee-led model
MA Foi Management Consultants Ltd is adopting a franchisee-led model for its growth even as the Chennai-based human resources (HR) firm is gearing up for its IPO (initial public offer) in first quarter of fiscal 2004-05. For the IPO, the ... More

PERFORMANCE

Tata Engg: Accelerating on the fast lane
A COMBINATION of tight cost control, rising sales volumes and good product price realisations can do wonders to a company's earnings performance. This is amply proved in Tata Engineering's performance in the first quarter ended June 30. It was ... More

Siemens: Transportation, the main driver
SIEMENS' performance for the quarter ended June 2003 is characterised by a flat topline growth and absence of margin expansion at the operating level. Lower provisioning for tax boosted profits at the net level by 28 per cent. Segment-wise too ... More

ECC division of L&T gets Rs 1,968-cr orders in Q1
THE engineering, construction and contracts (ECC) division of Larsen & Toubro has secured orders worth Rs 1,968 crore during the first quarter of the year, which is 47 per cent higher than the orders of Rs 1,337 crore achieved in the first ... More

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