The Hindu Business Line : Wednesday, December 31, 2003

Bengal, IOC to chart investment roadmap
A ROADMAP charting out the course for bringing Indian Oil Corporation's (IOC) investment to Haldia Petrochemicals Ltd and allied projects will be evolved jointly by the oil major and the Government of West Bengal, one of HPL's principal ... More

Kamdhenu Ispat production network drawn up
THE Kamdhenu Ispat Group, engaged in production of quality reinforcement bars, has announced an agenda for its production network and market expansion for this year. According to a press release, the group has announced an agenda for its ... More

Otis unit transfer

MANPOWER

VRS `doesn't enthuse FACT employees'
The management has unveiled two VRS packages on December 24 under which workers are required to choose one depending on the benefits and offer their consent by January 10 More

CREDIT RATING

Crisil's `high safety' for Biocon debt
CRISIL has maintained its P1+ or `high safety' rating for Biocon India's Rs 20-crore short-term debt programme. According to Crisil, "The rating continues to reflect Biocon's strong presence in the statins business and its leading position in ... More

HUMAN RESOURCES

IOC to launch monthly ex-gratia scheme for retired employees
INDIAN Oil Corporation Ltd has finally decided to introduce a monthly ex-gratia scheme to all former employees who have retired before 1987. According to an official document of IOC, the monthly payout will range from Rs 1,000 to Rs 4,200 and ... More

MERGERS & ACQUISITIONS

2 MNCs in race for L&T glass container business
THE board of directors of Larsen & Toubro on Tuesday gave its approval for divestment of the company's glass container division on a going concern basis; an extraordinary general meeting is to be convened for this purpose on February 3, ... More

TV 18 to examine FIPB rejection of application
EVEN as the Foreign Investment Promotion Board (FIPB) rejected the application of Television Eighteen India (TV 18) to offload 15 per cent in its subsidiary, iNews.com, to CNBC Asia, the company said that it would study the grounds on which the ... More

ALLIANCES & JOINT VENTURES

BSNL signs pact with ONGC
BHARAT Sanchar Nigam Ltd (BSNL) on Tuesday said it had signed a memorandum of understanding (MoU) with ONGC to provide full gamut of telecom services, including basic telephony, mobile services, wide area network (WAN) and Internet to the oil ... More

STANDARDS & BENCHMARKS

BHEL stress on ISO certification
MADURAI: Bharat Heavy Electricals Ltd Small Scale Industries Association (BHELSSIA) at Tiruchi has urged its members to go in for ISO certification. According to Mr Rajappa Rajkumar of the association, already 32 units of the 350-odd ... More

OUTLOOK

Debt recast date dogs Haldia Petro
THE finalisation of an effective date for the debt restructuring of Haldia Petrochemicals Ltd is proving to be a contentious issue even as the corporate debt restructuring (CDR) process missed its December 22 deadline. Sources said that ... More

PEOPLE

A.M. Naik elevated as CMD
LARSEN & Toubro got its first executive Chairman in more than 14 years with the elevation of Mr A.M. Naik (currently Managing Director & CEO) to the post of Chairman and Managing Director at its board meeting here on Tuesday. This is with ... More

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