The Hindu Business Line : Sunday, September 11, 2005

ONGC tenders: Old contractors make a comeback
ONGC feels that the return of some of its erstwhile EPC contractors from the 80s is like return of the prodigal. Though the oil and gas major is not quite slaughtering the fattened lamb in celebration, it is happy that a lay-off of over two ... More

ACCOUNTING STANDARDS

Know the ground rules
Accounting for real estate depends upon the purpose of acquisition, explains M.V. Kali Prasad. More

ACCOUNTANCY

`CAs must focus on BPO, management consultancy services'
CHARTERED accountants should try to focus on non-exclusive areas such as business processing outsourcing and management consultancy services, said Mr T.N. Manoharan, Vice-President of the Institute of Chartered Accountants of India (ICAI). He ... More

Brand `CA'
THE Institute of Chartered Accountants of India (ICAI) seems to be projecting chartered accountancy as a brand. Some of the ideas floated by the institute include prefixing `CA' to the name of the professional as in the case of medical ... More

STOCK EXCHANGES

LSE eyeing Russia, China, India for growth
THE London Stock Exchange is looking to three major markets — Russia and the CIS countries, China and India — for growth. Mr Hugh Sandeman, Head of Business Development for India, International Business Development, London Stock ... More

FIXED DEPOSITS

Attractive rate from J.K. Industries
J. K. Industries: Investors may consider parking their funds in the fixed deposit scheme, with a one-year tenure, offered by J. K. Industries. The deposit carries a healthy interest rate of 8 per cent. The company is fundamentally sound ... More

MERGERS & ACQUISITIONS

Sanmar Group to sell 11.91% in India Cements to co-promoters
Since this is an inter se transfer of shares among the promoters, the deal will not attract provisions of the takeover code of the Securities and Exchange Board of India, according to company officials. More

NEW PROJECTS

GAIL board to approve Rs 9,750-cr investments in Kerala projects
THE board of directors of GAIL (India) Ltd is to approve the company's investments in Kerala aggregating Rs 9,750 crore in four projects, which are expected to take off next year. All these downstream projects of LNG are to become operational ... More

BPCL to go ahead with Bina refinery project on its own
BHARAT Petroleum Corporation Ltd (BPCL) is expecting financial closure of Bina refinery, taken up through its subsidiary Bharat Oman Refineries Ltd, in October 2005. The company has decided to go ahead with the project on its own and add foreign ... More

Nalco keen on setting up alumina plant in AP
Due to the growing international demand, the corporation plans to step up baryte production to 7.5 lakh tonnes. More

ALLIANCES & JOINT VENTURES

ONGC, NGRI pact to enhance oil recovery
OIL and Natural Gas Corporation Ltd has joined hands with National Geophysical Research Institute (NGRI), Hyderabad, and the Norwegian University of Science and Technology (NTNU), Trodheim, Norway, to carry out collaborative work to improve ... More

PEOPLE

Dasgupta is new CEO, MD of Petronet LNG
MR Prosad Dasgupta has replaced Mr Suresh Mathur as the Chief Executive Officer and Managing Director of Petronet LNG Ltd, according to an official communication. Mr Dasgupta was earlier the Director (Finance), Petronet LNG. Petronet LNG is a ... More

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