The Hindu Business Line : Sunday, June 12, 2005

Jiangyin Steel begins operations in Pune
On why the company had chosen Pune, Mr Zhang said the customers had suggested the city, but Chennai had also been on the priority list. More

Shield Autoglass to open 77 outlets
SHIELD Autoglass Ltd, the company that offers car glass repair services under the `Windshield Experts' brand, is planning to expand its reach by opening 77 new outlets in the next three years. With the proposed expansion, the company's total ... More

Aban Loyd to buy rig from US co
CHENNAI: Aban Loyd Chiles Offshore Ltd has entered into an agreement with Rowandrill Inc of Texas to purchase a jack-up offshore drilling rig, Rowan Texas. The rig is now working in the Gulf of Mexico, according to an Aban Loyd press ... More

Godrej Hi Care, Bharat Gas tie up
NEW DELHI: Godrej Hi Care Ltd (GHCL), a pest management services company, has tied up with Bharat Gas to provide special discounts to users of the latter. The move is expected to help GHCL in increasing its household penetration and ... More

COMPANY LAW

Disclosure norms for India Inc may be eased
THE Union Government is keen to provide further relief to the corporate sector in the areas of directors' remuneration, disclosure of particulars of subsidiaries in the balance sheet of a holding company and compliance with disclosure ... More

Govt to consider all stakeholders' interest on board composition norms
THE Company Affairs Minister, Mr Prem Chand Gupta, made it clear on Saturday that the Irani committee's submission that one-third of the board of a listed company should comprise independent directors was only a view of the committee and not that ... More

INSIGHT

The segments don't add up yet
CORPORATE India has failed to put its best foot forward on `segment reporting' — disclosing corporate performance under different business segments — even four years after this became mandatory. Blame ... More

Restructuring signals
A POWERFUL argument for segment reporting is that it helps investors understand the risk and returns from different segments, enables companies to undertake restructuring based on margin and ROCE comparisons and keeps the market for corporate ... More

FIXED DEPOSITS

India Cements: Invest
India Cements: An investment in the one- and two-year options can be considered. The rates of 8 per cent and 8.5 per cent are attractive compared to what is on offer from a host of other companies. The risks are, however, higher as the ... More

MERGERS & ACQUISITIONS

Tata Tea to merge Tata Tetley
TATA Tea Ltd has informed the stock exchanges that it has decided to merge Tata Tetley Ltd, a Kochi-based subsidiary and originally a 50:50 joint venture between Tata Tea and Tetley, with itself. The joint venture was formed before the Tatas ... More

NEW PROJECTS

Seshasayee Paper to set up pulp mill; PAT down at Rs 6.58 cr
SESHASAYEE Paper and Boards Ltd will set up a new pulp mill with enough capacity to meet its present requirement and any expansion it may consider later. The company is also getting into contract farming of pulp wood plantations, which would ... More

TRADE & LABOUR UNIONS

Apollo Tyres plant resumes
AHMEDABAD: The Gujarat Government has declared a strike by a section of workers at the Apollo Tyres Ltd plant at Limda near Vadodara as illegal. Following the order, operations have resumed at the plant. "After the Gujarat Government ... More

RIGHTS ISSUE

NPIL prices rights issue at Rs 175
MUMBAI: Nicholas Piramal India Ltd has fixed its rights issue price at Rs 175 per share. The company will be issuing a 1:10 rights issue, ie. one rights share for 10 existing shares. The company will issue 1,90,01,601 equity shares of ... More

STANDARDS & BENCHMARKS

Ashok Leyland gets data security certification
The company had undertaken a massive exercise to understand its customers and their business drivers to design products and services to suit their needs. More

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