CORPORATE
ANNOUNCEMENTS
Voltas bags two new contracts in Gulf
VOLTAS, which has registered a 50 per cent growth in business in the Gulf region in the fiscal ending March 2004, has bagged two new contracts in the UAE recently and is eyeing further growth in the region this year. Voltas has bagged a Dh 126 ...
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AUDITING
ICSI for secretarial audit of listed cos every 6 months
COMPANY secretaries have urged the SEBI to prescribe `independent secretarial audit' once in every six months for all listed companies. "The Institute of Company Secretaries of India (ICSI) has submitted a memorandum to the SEBI requesting the ...
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COURTS/LEGAL ISSUES
Law panel for special divisions in HCs to clear high-value cases
HIGH-VALUE commercial cases may soon get speedy justice. The Law Commission has seen merit in the concept of having special commercial divisions in all the High Courts of the country to tackle such matters. A committee constituted by the Law ...
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MERGERS & ACQUISITIONS
GE, Bechtel allowed to buy 49% stake in DPC
AMERICAN multinational corporations, GE and Bechtel, partners of ruined US energy major Enron in the controversy-ridden Dabhol Power Company (DPC) will now have a superior position against Indian stakeholders while negotiating sale or restart of ...
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INTERVIEW
`We hope to hit $2-b mark by 2007'
RANBAXY Laboratories Ltd's Joint Managing Director and CEO (designate), Dr Brian W. Tempest, has his job clearly cut out — to steer the company towards the $2-billion mark by 2007. Born in Lancashire in 1947 to a barber, the new head of ...
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RIGHTS ISSUE
Color Chips' meet
HYDERABAD: Color Chips India has informed the Bombay Stock Exchange that a meeting of the board of directors will be held on April 14, to interalia consider the proposal to issue shares on rights basis. ...
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OUTLOOK
Mysore Paints hopeful of Rs 9-crore turnover
This Indian ink has also made its mark in the elections of the UK, Canada, Turkey, South Africa, Singapore, Ghana, Cambodia, Nigeria and Nepal and there have been times when exports have touched Rs 4.5 crore in a year.
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Durgapur Steel set to clock Rs 100-cr profit
DURGAPUR Steel Plant (DSP), which has been considered a SAIL laggard all along, is set to register a net profit of over Rs 100 crore for 2003-04. According to sources, the plant has succeeded in turning around and entering the profit zone after ...
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