The Hindu Business Line : Thursday, September 28, 2006

ACCOUNTING STANDARDS
Raising the standard
A four-point plan to improve the audit part of internal control reporting provisions of the SOX Act was announced recently. More

AWARDS & HONOURS
Ford India among US award finalists
Ford India is among the finalists for the US State Department's Award for Corporate Excellence. According to a press release from the Office of Public Affairs, American Consulate General, the US Ambassador to India, Mr David ... More

COURTS/LEGAL ISSUES
The sealed fate of company seal
Company seal is a relic of the past and is no more relevant: Apex court More

CORPORATE BONDS
SEBI chief urges bond market role in infrastructure funding
Suggests participation of investors with "deep pockets" in debt markets More

RESTRUCTURING
Kwality Group looks to expand, consolidate
The Delhi-based Rs 70-crore Kwality Group has made consolidation its agenda in order to meet the requirements of the demanding Indian customer. "Restructuring is the need of the hour. If one wants to beat the prevalent cut-throat competitions ... More

MERGERS & ACQUISITIONS
UPL to buy DuPont's herbicide biz
United Phosphorus Ltd (UPL) on Wednesday announced to acquire from DuPont Co its bensulfuron-methyl business, including Londax herbicide and all its mixtures, throughout the world (excluding the Asia Pacific region) at a cost of ... More

NEW PROJECTS
Lafarge to set up 3-mt plant in Himachal
Co's capacity in India to go up from 5.5 mt to 8.5 mt More

Dr Reddy's opens unit in Vizag SEZ
Dr Reddy's Laboratories' first finished dosages plant here was inaugurated on Wednesday in the Visakhapatnam special economic zone (VSEZ) by Mr Satish Reddy, Managing Director and Chief Operating Officer. He said on the occasion that the plant ... More

ITC seeks land to set up hotel in Haldia
The West Bengal Chief Minister Mr Buddhadeb Bhattacharjee on Wednesday said that ITC Ltd has sought land in Haldia to set up a hotel. The Chief Minister was addressing a news conference in connection with the setting up of a petroleum, chemicals ... More

IOC pact with Bengal Govt
To be anchor investor in proposed chemicals hub in Haldia More

Gini & Jony opens 4 new factories
Gini & Jony Apparel Pvt Ltd has announced the opening of four new factories — two in Daman, measuring 80,000 sq ft and 20,000 sq ft and two in Baddi in Himachal Pradesh measuring 70,000 sq ft and 20,000 sq ft respectively. These new ... More

Hyundai begins recruiting, training for new plant
Company's production capacity to double More

Agro Dutch to set up can making unit near Chennai
To make high-tech easy-open-end cans More

ALLIANCES & JOINT VENTURES
Dr Reddy's, ClinTec to jointly develop cancer drug
Dr Reddy's Laboratories Ltd has announced a co-development and commercialisation deal with the UK-based global clinical research organisation - ClinTec International - for an anti-cancer compound, DRF-1042. Under the agreement, Dr ... More

ONGC joins hands with Prize Petro, HPCL, M3nergy
For development of offshore marginal fields off Mumbai High More

Jetfleet, Europcar pact for mobility solutions
Plan to start operations from National Capital on Oct 3 More

Coromandel Fert signs JV pact
Coromandel Fertilisers Ltd has announced that it has signed up a shareholders agreement with Group Chimique Tunisie and Compagnie des Phosphates de Gafsa of Tunisia and Gujarat State Fertilisers and Chemicals Ltd for formation of ... More

Volvo, Jaico ink pact to start jt venture for bus body production
Volvo Bus Corporation and Jaico Automobiles, an Azad Group company, have reached an agreement to start a joint venture company in India for production of bus bodies based on the Volvo bus body technology. Volvo will have 70 per cent stake in ... More

EVENTS
Industry captains
TAKING TIME OFF: (from left) Dr Amit Mitra, Secretary General, FICCI; Mr N. Srinivasan, Vice-President; Mr Saroj K. Poddar, President; Mr H.F. Khorakiwala, Senior Vice-President; Mr Onkar S. Kanwar, Immediate Past President; and Mr Y.K. Modi, ... More

VENTURE CAPITAL
US-based equity fund to invest $10m in Eastern Condiments
The US-based private equity fund, New Vernon Private Equity Ltd, has decided to invest $10 million in Eastern Condiments, the flagship company of the Kerala-based Eastern Group. The company has gone for fresh investments to expand and ... More

DIVERSIFICATION
Orient Paper juggles options for funds
A toss-up between rights issue and FCCB More

SICK UNITS
Standard Motors' workers get dues
TN Mediation and Conciliation Centre helps getting payment More

Pennar Ind turns around, posts Rs 42-cr net
Pennar Industries has recorded profit after tax of Rs 41.67 crore for the sixteen-month period ended July 31, compared to loss of Rs 4.81 crore in the 12-month period previously. Turnover increased by 31 per cent from Rs 370.07 crore to Rs 647.31 ... More

OUTLOOK
Hind Copper to increase mining capacity
Plans investment of Rs 2,000 cr in phases; anticipates rise in demand More

GTC bets big on low tobacco cigarette
Unveils low tobacco product `Loe Tabac' More

Doubts cloud ONGC's plan to bring LNG from Sakhalin-I
For ONGC-MRPL's dual fuel petrochem complex More

BEML bullish on metro coaches plans
Despite Delhi Metro cancelling order More

Supreme Alloys plan to retail TMT bars
The construction steel maker Supreme Alloys is trying to see an opportunity in the ongoing ceiling of commercial shops in Delhi residential areas and is launching a plan to open 200 booking centres in the National Capital Region ... More