The Hindu Business Line : Saturday, August 30, 2003

Restile board meet tomorrow to allot debentures
RESTILE Ceramics Ltd (RCL), the Hyderabad-based ailing ceramic tiles manufacturer, has informed the stock exchanges that pursuant to the order of Board for Industrial and Financial Reconstruction (BIFR), the RCL board would meet on Saturday to ... More

Liquor tragedy: SWC suspends sourcing from AP bottler
THE country's second largest spirits marketer, Shaw Wallace & Co (SWC) has suspended sourcing operations from its traditional ally and bottler, Mr Harminder Singh Bagga, following the liquor tragedy involving the company's brand, Black Horse, in ... More

IGL pays maiden dividend of 5 pc
INDRAPRASTHA Gas Ltd (IGL), the sole supplier of compressed natural gas (CNG) and piped natural gas (PNG) in Delhi has presented the maiden dividend cheque of five per cent of the total paid up capital of the company for the financial year ... More

Shiva Cement bags Tata Steel order

OVERSEAS BORROWINGS

Forward cover must for FCNR loans
BANKS have imposed forward cover as criteria for disbursement of foreign currency loans to corporates in bid to contain unhedged exposures. Sources said here that the several corporates, both medium and large, had availed of FCNR (Foreign ... More

AWARDS & HONOURS

Samtel Color bags Elcina award
THE Electronic Components Industries Association (Elcina) has awarded the first prize in the category of large-scale sector `Outstanding Achievements in Exports' for 2002-03 to Samtel Color Ltd, one of the largest manufacturers of colour picture ... More

COURTS/LEGAL ISSUES

Dishonour of cheques: Nominee directors not immune
A nominee director does not enjoy full immunity even if newly enacted provisions were to be brought into force. More

HUMAN RESOURCES

Hewitt study names 25 best employers
HEWITT Associates, a global human resources outsourcing and consulting firm, has named the 25 best employers in the country, by analysing leading HR systems and philosophies, and determining how these meet employee needs and drive business ... More

MERGERS & ACQUISITIONS

Russell Credit highest bidder for AP Govt stake in VST — Aravali tops for Sirpur Paper; it's a tie for Tata Motors
RUSSELL Credit, an arm of the ITC Ltd, has come up with the highest bid of Rs 215 per share for the 4.69 per cent Andhra Pradesh Government stake in VST Industries Ltd and Aravali Securities Ltd has become the highest bidder for stake in Sirpur ... More

NEW PROJECTS

Green light to Volkswagen

M & M plans expansion

OUTLOOK

Kuoni Travel keen to tap Pakistan market
KUONI Travel India (formerly Sita World Travel) is keen on exploring tourism opportunities in Pakistan. According to Mr Himmat Anand, Chief Operating Officer, Inbound Division, Kuoni Travel India Pvt Ltd, "The company is looking at investing in ... More

PEOPLE

C.K. Dhanuka to head most of Dhunseri group cos
MR C.K. Dhanuka, Vice-Chairman of Indian Tea Association, has taken over as Chairman of most of the Dhunseri group companies following his father, S.L. Dhanuka's demise in December 2002. Further, Mr Mrigank Dhanuka, son of Mr C.K. Dhanuka, has ... More

Scoreboard
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line