CORPORATE
ANNOUNCEMENTS
Tata Chem plans to hike capital
TATA Chemicals Ltd (TCL) plans to increase its authorised share capital from Rs 235 crore to Rs 270 crore. An EGM of the company has been scheduled for January 18, to seek shareholders' approval for this proposal as well as the one related to ...
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Battery-run two-wheeler launched
A TWO-WHEELER which runs on electricity was launched in Bangalore on Friday. It can seat two persons and costs Rs 25,000. Eko-Cosmic, the battery-operated electric two-wheeler can run for 50 km on a single charge and costs Rs 3 for every new ...
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Painkiller shortage in UK keeps Wockhardt busy on X'mas
IT will be a working Christmas weekend for some employees at Wockhardt in the UK. Following the reported shortage of painkiller Diamorphine in the UK, Wockhardt (one of the suppliers of the drug) has initiated efforts to shore-up its supplies ...
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PRIVATE PLACEMENT
India Cements to raise Rs 655 cr through private placement
INDIA Cements Ltd will raise Rs 655 crore through a mix of debt and equity by privately placing different financial instruments with Asia Debt Management Hong Kong Ltd, a Hong Kong-based fund manager. The company's board decided today to issue ...
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CORPORATE DISPUTES
Padmalaya Tele promoters condemn Zee allegations
THE promoters of Padmalaya Telefilms Ltd, who met here on Friday, have condemned all allegations made against the company's founder and former Chairman, Mr G. Krishna, and its employees, by Zee Telefilms, which they described as baseless and ...
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Sharing of standby charges — Tata Power, Reliance Energy issue referred to Tribunal by HC
THE Bombay High Court has referred the issue of sharing of standby charges between Tata Power Company and Reliance Energy Ltd to the Appellate Tribunal, which is likely to be functional by January 17 next year. The Appellate Tribunal is to ...
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AWARDS & HONOURS
Lifetime achievement award for Lakshmi Mills Chairman
THE Chairman of Lakshmi Mills, Mr G. K. Sundaram, was conferred the `Lifetime Achievement Award' by the Coimbatore Management Association, at the Golden Jubilee celebrations of the association here on Thursday. The octogenarian, a doyen among ...
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ONGC issue selected for Asset Asian Awards
DISINVESTMENT of 10 per cent equity in ONGC by the Government has been selected as the `best privatisation deal' for the Asset Asian Awards 2004 by The Asset, a finance magazine published from Hong Kong, according to an ONGC release. The ...
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ACCOUNTANCY
Accounting firms should offer value-added services: ICAI
THE Institute of Chartered Accountants of India (ICAI) has sounded optimism on business proliferation for auditing and accounting professionals in the wake of widening trade and businesses under the WTO. But the premier institution for the ...
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ICAI urges States to go for external auditing
IN an era when many aspire to have public spending purely a transparent exercise, the apex body of the professional accountants, the Institute of Chartered Accountants of India (ICAI) has a task on hand — to convince all State Governments ...
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'Company secys must gear up for competition'
COMPANY secretaries should hone their skills and form corporate bodies to face competition as MNC consultancy companies are likely to enter the field after March 2005, Mr Mahesh Anath Athavale, President of the Institute of Company Secretaries ...
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Campus interview for CAs in March
THE local chapter of ICAI will hold campus interview for newly qualified chartered accountants as part of its placement efforts. Giving this information to newsmen at the sidelines of the ICAI's continuing professional education (CPE) ...
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NEW PROJECTS
Eureka Forbes sets up unit in Singapore
EUREKA Forbes, a leader in the domestic water purification segment, has charted out an overseas strategy. The company has set up a unit in Singapore in order to address demand for its products in the Asean countries. According to Mr Lalit ...
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REGULATORY BODIES & RULINGS
CLB order suffers from infirmities: Eveready Ind
EVEREADY Industries India Ltd, the flagship company of the BM Khaitan group, has decided to challenge the order of the Company Law Board (CLB), which has allowed the Union Government to appoint three independent directors on its ...
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ALLIANCES & JOINT VENTURES
M&M to continue sourcing Korean, Japanese tractors — Signs pact to acquire 80% stake in Jiangling Tractor
MAHINDRA & Mahindra Ltd (M&M), which acquired 80 per cent stake in China's Jiangling Tractor Company (JTC), will continue to buy tractors from Tong Yang of South Korea and Mitsubishi of Japan as part of supplies to its US market. Speaking to
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STANDARDS & BENCHMARKS
Glocem gets European certification for anti-allergic drug
GLOCEM Industries Ltd has obtained access to export its APIs (Active Pharmaceutical Ingredients) to Europe, thanks to the Certificate of Suitability (CoS), it received from the European Directorate for Quality of Medicines. The CoS is for ...
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OUTLOOK
`Good scope in marble artefacts'
HYDERABAD: Sangtarash, a stone-carving company based out of Udaipur, sees a good business opportunity in marble artefacts blended with wood, silver, gold and crystal. Ms Archana Karwa and Ms Pallavi Jain, the promoters of the company, ...
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PEOPLE
TVS & Sons Chairman Ramachandran dead
MR R. Ramachandran, Chairman of T.V. Sundram Iyengar & Sons Ltd, the parent company of the TVS group, died in Madurai on Friday after a brief illness. He was 74 and leaves behind his wife, a daughter and three sons. Mr Ramachandran, son of ...
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TRENDS
`Design to play key role in corporate strategy'
DESIGN is slowly finding a space on the corporate agenda. Companies, jostling for space in the competitive marketplace, are now ready to accommodate design in their scheme of things. The process is slow but progressively companies are moving ...
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