The Hindu Business Line : Sunday, January 30, 2005

Maruti to switch to top gear with Swift
Maruti Udyog Ltd is getting ready to move on to the fast track with its premium compact car Swift, built on a new platform. It is ready and waiting to be rolled out four months from now. Top company sources told Business Line that the ... More

FINANCIAL PERFORMANCE

Ruchi Soya net at Rs 18.53 cr
MUMBAI: Ruchi Soya Industries Ltd (RSIL) posted a net profit of Rs 18.53 crore for the third quarter, up from Rs 16.80 crore in the corresponding period last fiscal. Sales grew by 6.3 per cent from Rs 839.2 crore in the corresponding ... More

Lotte India profit up
CHENNAI: Lotte India Corporation Ltd has registered a net profit of Rs 18 lakh on a turnover of Rs 34.62 crore for the quarter ended December 31, 2004 compared to a net profit of Rs 4 lakh on a turnover of Rs 25.16 crore. The total ... More

RESTRUCTURING

FIs, banks okay debt recast plan for Willard
THE process of bifurcating the sugar and jute business of the ailing Willard India Ltd has got a fillip with the banks and financial institutions approving its debt restructuring package. Representatives of leading banks and financial ... More

FIXED DEPOSITS

FD options
KCP Sugar and Industries: Investors can consider subscribing to the two-year fixed deposit programme from KCP Sugar and Industries Corporation. Longer tenures can be avoided in the light of the fluid interest rate scenario. However, the ... More

Investigations into JVG Group
THE Ministry of Company Affairs has decided to initiate investigations into JVG Group of Companies, which had accepted deposits from the public but defaulted in repayment in the 90s. "The Government has been receiving large number complaints on ... More

MERGERS & ACQUISITIONS

Fine-tuning the Takeover Code — Better bargain for shareholders
IN AUGUST 2004, Citigroup, the promoter of e-Serve International, made an offer to buy out all the outstanding shares from the public in the company and to voluntarily delist the stock. Before making this offer, ... More

Ashok Leyland board approves castings unit sale
THE board of directors of Ashok Leyland on Saturday approved the sale of the company's Ductron Castings Unit to Ennore Foundries Ltd. Both Ashok Leyland and Ennore Foundries belong to the Hinduja group. Ashok Leyland has informed stock ... More

NEW PROJECTS

Hotel Leela to fund Chennai project mostly through internal accruals
HOTEL Leelaventure's proposal to set up a five-star deluxe hotel in Chennai at a cost of about Rs 250 crore to Rs 280 crore will be financed through a mix of options — by raising private equity, internal accruals and borrowings, company ... More

SICK UNITS

Ministry launches fresh exit option for defunct cos
COMPANIES looking to get their names struck off the register of the Registrar of Companies can now do so without hassles. The Ministry of Company Affairs has launched a time-bound exit option to enable such companies to get their names deleted ... More

ECONOMIC OFFENCES

Violations under Companies Act — Ministry to start prosecution of Vatsa Corporation
THE Ministry of Company Affairs is all set to initiate prosecutions against Mumbai-based Vatsa Corporation Ltd (VCL) for violations under Companies Act, including allotment of shares in a fraudulent manner. After examining the report ... More

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