Financial Daily from THE HINDU group of publications
Saturday, January 08, 2005

News
Features
Stocks
Port Info
Archives
Google

Subscription

Group Sites

CORPORATE

ACCIDENTS


Bhopal tragedy: Court orders issue of notice to Dow Chemical
THE Chief Judicial Magistrate of Bhopal, Mr Anil Kumar Gupta, had ordered on January 6 that "a notice be issued through the appropriate legal procedure to Dow Chemical Corporation, Midland, Michigan, USA" to respond to an application filed by the ... More

ANNOUNCEMENTS


HLL commits Rs 8 cr for relief in 3 states
HINDUSTAN Lever Ltd (HLL) intends to commit Rs 8 crore for immediate relief and rehabilitation of people in the tsunami-hit areas of Pondicherry, Tamil Nadu and Kerala. Of this, Rs 5 crore is being utilised for distribution of the company's ... More

Siemens' Goa plant to supply X-ray machines to developed markets
IT is not just medicines but also the medical equipment sector that is sensitive to price. And to cater to this segment in the global market, the medical solutions division of Siemens Ltd is embarking on a new experiment. "Siemens is ... More

  • Sirpur Paper gets `green' signal

    CORPORATE DISPUTES


    Market has ignored Reliance row: SEBI
    THE stock market has chosen not to react to the ongoing tussle between the Ambani brothers - Mr Mukesh and Mr Anil - on issues relating to the future of the Reliance Group, the Chairman, Securities and Exchange Board of India, Mr G.N. ... More

    Ambanis may maintain status quo in face of huge tax incidence
    DIVIDING the ownership of Reliance Industries even if the family members agree to a particular pattern is likely to be a non-starter because of the huge taxation incidence that such an action would involve. According to senior legal sources, ... More

    Anil discusses issues with Company Affairs Minister P.C. Gupta
    THE bitter battle between the two siblings of India's largest business family, the Reliance Group, has reached the Ministry of Company Affairs. The younger of the two brothers, Mr Anil Ambani, on Friday met Mr Prem Chand Gupta, the Minister of ... More

    Sort out differences: Chidambaram
    THE Union Finance Minister, Mr P. Chidambaram, today said that he is advising the Ambani brothers, who are fighting over the ownership of Reliance group, to sort out their differences privately. Responding to queries from newspersons at a ... More

    OVERSEAS BORROWINGS


    ONGC in loan talks for Sudan refinery deal
    ONGC Ltd is negotiating a 12-year loan to raise $600 million for financing a Sudan refinery expansion project for its subsidiary OVL Ltd, with close to 10 Indian and foreign banks. The banks are expected to form a consortium for raising the ... More

    COURTS/LEGAL ISSUES


    Engineers India interim dividend: HC directs SEBI to act on grievance
    THE Andhra Pradesh High Court has directed SEBI to immediately take appropriate action on the grievances of investors pertaining to the cancellation of 550 per cent dividend by Engineers India Ltd (EIL). The Court was responding to the petition ... More

    ENVIRONMENT


    Renuga Tex unveils in-house effluent treatment model
    THENI-BASED composite textile company Sri Renuga Textiles Ltd has unveiled a total effluent treatment solution aimed at zero discharge norm for the textile wet-processing industries. Developed in-house, the `Flash-tech enviro systems', an ... More

    MANPOWER


    500 HPCL staff opt for VRS
    CLOSE to 500 employees of Hindustan Petroleum Corporation Ltd have opted for voluntary retirement. Of these, more than 140 applications are from those in the management cadre. The Rs 51,500-crore company had offered the standard Department of ... More

    MERGERS & ACQUISITIONS


    UB, Vangal consortium in fray for SWC liquor biz
    THE global liquor giants have kept themselves away from the bidding process for Shaw Wallace & Co's (SWC) liquor business, leaving the UB group and a consortium of investors led by Mr Ramesh Vangal as the two serious suitors in the ... More

    Proposed merger scheme — FL Smidth gives 2 options for shareholders
    FL Smidth Ltd, the Indian outfit of the Danish cement plant manufacturer and consultant, is not giving its minority shareholders any chance to opt out of its proposed amalgamation scheme with its sister concern, FLS Automation India Pvt ... More

    NEW PROJECTS


    AP awaits Volkswagen board nod for car plant
    WITH the news about Volkswagen AG planning a greenfield automotive plant in India to serve as a regional base in the air for the past one year, the Andhra Pradesh Government now says it is the approval by the company board later this month which ... More

    SICK UNITS


    IISCO gets BIFR nod for sale of surplus assets
    THE Board for Industrial and Financial Reconstruction (BIFR) has given its nod to the Indian Iron and Steel Company (IISCO), a subsidiary of Steel Authority of India Ltd (SAIL), for sale of its surplus assets. At a recent hearing, the bench ... More

    Winding up issue: HC serves notice to Pennar Profiles
    PENNAR Profiles Ltd (PPL) has informed the stock exchanges on Friday that it has received a notice from the Andhra Pradesh High Court in connection with the winding up of the company. The Board for Industrial and Financial Reconstruction had ... More

    OUTLOOK


    ONGC Videsh sees early production in Russian oil field
    ONGC Videsh is expecting early production and escalation of reserve from Sakhalin-I oil and gas consortium project in Russia. Production is scheduled to start in the first phase of the project at Chyvo in late 2005 to be followed by Odoptu and ... More

    Kodak bullish on health imaging business in India
    EASTMAN Kodak Company is bullish about the health imaging business in India. Setting up a research and development (R&D) centre in the country as well as expanding its existing manufacturing facility are part of the growth plans. Speaking to ... More

    PERFORMANCE


    Best-ever sales in 10 years: DaimlerChrysler
    LUXURY car manufacturer DaimlerChrysler India has said it has achieved its best-ever sales in its 10-year track record in the country, selling 1,815 units of the car in 2004. The company, which set up operations at Chikhli near Pune in 1994, ... More

    Ashok Leyland's Dec sales up
    CHENNAI: The increase in productivity consequent to wage negotiations at the Hosur-I unit helped Ashok Leyland produce 5,647 vehicles against 4,497 vehicles in the previous month. Ashok Leyland sold 5,126 trucks in December 2004, 18 per ... More

    Honda Siel sales up 110 pc in 2004
    NEW DELHI: Honda Siel Cars India on Friday said its sales surged by 110 per cent to 35,414 units in calendar 2004 over the previous year. According to the company, it sold 115 per cent more City sedans in 2004 at 30,834 units. A ... More


    Scoreboard
    SE Diary


    Comments & Letters to the Editor to: bleditor@thehindu.co.in
    Subscribe to: Business Line
  • Pick a Winner Stock Market Contest

    Top Stories
    Herbalife begins clinical trials on nutritional supplements


    Govt to levy excise on retail prices of drugs

    Tax implications of software sale

    Floaters back in favour with home loan takers

    Ambanis may maintain status quo in face of huge tax incidence

    Mobile subscriber base up 1.9 m in Dec

    Inflation falls on cheaper fuel, fruits, vegetables

    IOC, ONGC differ over cross-holdings

    In Focus

    BHEL Disinvestment
    The Yuan Revaluation
    Dabhol power regenerated
    Tracking the rains
    Sethusamudram Canal Project
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Dec. 26-Jan. 1
    `More corporates turn to e-learning'

    Brothers' tussle stifles Reliance group stocks

    GAIL to pick up 33% stake in IOC's LNG terminal

    Buyback price — A hint by Reliance to show that its shares are undervalued


    The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
    Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

    Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line