Financial Daily from THE HINDU group of publications
Thursday, September 18, 2003
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Financial Daily from THE HINDU group of publications Thursday, September 18, 2003 |
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CORPORATE MODERNISATION Bharat Aluminium signs Rs 1,000-cr syndicated loan BHARAT Aluminium Company Ltd (Balco) has signed a Rs 1,000-crore syndicated loan facility with a maturity of six years to be utilised for the modernisation and expansion programme of its smelter at Korba, Chhattisgarh. The smelter capacity is ... More ANNOUNCEMENTS Dr Reddy's Labs gets USFDA final nod for Nefazodone DR Reddy's Laboratories Ltd, the Hyderabad-based pharmaceutical major listed on the New York Stock Exchange (NYSE), announced here on Wednesday that the United States Food and Drug Administration (USFDA) had issued final approval for the ... More
International Tractors plans to enter utility vehicle segment
ACCOUNTING STANDARDS SEBI expands co secretaries' role COMPANY Secretaries have something to cheer about. The youngest of the three professional institutes, the Institute of Company Secretaries of India (ICSI) has succeeded in convincing the market regulator, Securities and Exchange Board of India ... More
ICAI relaxes accounting standards for SMEs ESOPS Gujarat Ambuja to seek approval for ESOP GUJARAT Ambuja Cements Ltd would seek shareholder approval for an Employee Stock Option scheme for the company's financial year 2003-2004 at its annual general meeting scheduled for October 6. The company's notice to its shareholders mentions ... More CREDIT RATING CARE assigns A+ ratings to GNCL debentures CARE, has assigned a CARE A+ rating to the debenture programme of the Kolkata-based producer of low ash metallurgical coke Gujarat NRE Coke Ltd (GNCL). The rating includes the performance of the company, current financial standing, the ... More RESTRUCTURING Lanco Ind plans to reduce paid-up equity LANCO Industries Ltd (LIL), which is in the process of merging with itself Lanco Kalahasthi Castings Ltd (LKCL), proposes to reduce its paid-up equity significantly keeping in view the large capital base of both the companies. The LIL board has ... More MERGERS & ACQUISITIONS L&T sets up trust to buy Grasim's stake Larsen & Toubro has taken a step towards buying Grasim's stake in L&T by creating a trust, part of the process outlined by the company in July this year when it announced that it would demerge its cement division and sell it to the Aditya Birla ... More
Conversions of warrants — Natco promoters selling shares for funds CORPORATE GOVERNANCE Infosys gets top corporate governance, value creation rating INFOSYS Technologies has been assigned the highest GVC (governance and value creation) rating of `CRISIL GVC Level 1' by Crisil. The GVC rating indicated that the firm's capability with respect to creating wealth for all its stakeholders while ... More NEW PROJECTS Marico plans unit in Uttaranchal MARICO Industries is planning to set up a factory in Uttaranchal for its hair-care products. While confirming this development to Business Line, Mr Harsh Mariwala, Chairman & Managing Director, Marico Industries, said, "We have finalised ... More ALLIANCES & JOINT VENTURES Coromandel Fert, IFFCO to work for GFCL development COROMANDEL Fertilisers Ltd (CFL) and IFFCO, the two major shareholders in Godavari Fertilisers and Chemicals Ltd (GFCL), have entered into an agreement to work together for the development of GFCL, according to Mr Vellayan, Chairman of ... More INTERVIEW 
`Volume prospects for CityRover bright'MG ROVER, home to two of Britain's best-known automobile brands, has been working its way back to profitability since its take over in 2000 by Phoenix Venture Holdings. It is a tough job, for alongside the company must remain competitive in ... More
DIVERSIFICATION Gulf Oil plans foray into batteries, auto spares GULF Oil Corporation Ltd is planning to expand its product line by manufacturing batteries and spare parts for the automobile sector. The company is expected to launch the products within one year in India. The diversification has been ... More
CavinKare entering food segment SICK UNITS Zero date for HPL debt revamp may be fixed by month-end THE zero date for the debt restructuring of Haldia Petrochemicals Ltd (HPL) is likely to be fixed by the end of the month. Giving this indication to Business Line, sources said that HPL's lead institution — Industrial Development ... More
Calcutta HC admits winding up plea against Duncan Ind OUTLOOK Bhilai Steel Plant set to register record net profit RIDING on buoyant steel prices, Bhilai Steel Plant (BSP) is all set to register a record net profit in the first half of 2003-04, which is higher than the total net profit it recorded in the whole of 2002-03. The plant, which is one of the most ... More
Shanthi Gears to focus on exports PERFORMANCE 
Hyundai's exports eat into domestic sales — Three-week backlog in local marketA sudden spurt in exports has hit the domestic sales of Hyundai cars with the auto giant finding it difficult to meet the demand in the local market. "A strong export showing has necessitated the rescheduling of export production, which is ... More PEOPLE Kiran, Komal join the board of SWC, SABMiller joint venture THE Jumbo Group has booked a seat for the two daughters of the late Manu Chhabria on the board of Shaw Wallace's joint venture with SABMiller. Ms Kiran Chhabria, the youngest among the three daughters of the Chhabria estate, who has had no ... More Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus Cola Controversy The Cable tangle Indo-China Relations Telecom Competition Oil PSUs: Disinvestment dilemma In Depth In Kashmir Simple Economics Slowburn Tax Talk NRIs & Investment Avenues Corporate Governance Looking back Sep. 7-Sep. 13 LG Electronics to double manpower in R&D unit Krebs Bio plans foray into food, agro-based business Lifting curbs on Indian exports — Tata Steel urges Govt to prevail upon China No overlap between SEBI, DCA: Bajpai |
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