The Hindu Business Line : Sunday, August 17, 2008

CORPORATE

ACCOUNTING STANDARDS: Forex accounting by blue chip cos under lens
For reporting substantially higher net profit. New Delhi, Aug. 16 Blue chip companies’ accounting treatment of forex differences for their first quarter unaudited results is now under the lens of the Ministry for Corporate Affairs (MCA). ...

PERFORMANCE: Brisk sales growth amid rising input costs
June quarter results. Corporate India saw a brisk pace of growth in net sales during the first quarter, no doubt; but an analysis of the results reveals that the increase in input costs and the rising interest burden are holding back earnings ...

CORPORATE DISPUTES: Operators to defy order on providing links to RCom
Row may delay company’s GSM launch plans. New Delhi, Aug. 16 GSM operators have decided to defy the telecom regulator’s directive to give links to connect Reliance Communication’s new network by August ...

OUTLOOK: TNPL expanding branded products range
Increasing branded copiers output, introducing packaged papers. Chennai, Aug. 16 Tamil Nadu Newsprint and Papers Ltd is expanding the output of branded products to exploit the better margins and the growing ...

PERFORMANCE: Cost pressures ease, but what of demand? What’s in store
Rising input costs, dearer borrowings and exceptional forex losses have been the key impediments to India Inc’s earnings growth this quarter. However, even if you look only at the sustainable profit picture, it isn’t too heartening. ...

ALLIANCES & JOINT VENTURES: L&T in talks with Germany-based Voith to export paper machinery
Co initiates dialogue with Hazemag for marketing crushing equipment. Chennai, Aug. 16 Larsen & Toubro is in talks with Voith, Germany, with which it has a joint venture, for export of paper equipment such as drying cylinders and twin drum ...

OPEN OFFERS: Ranbaxy - Open Offer: Accept
Shareholders of Ranbaxy may use Daiichi Sankyo’s open offer (slated to begin from August 16) to book profits on the stock as the offer price is attractive. Japanese innovator drug company Daiichi Sankyo, in June this year, agreed to buy ...

NEW PROJECTS: Polycab Wires plans greenfield facility in Daman
Chennai, Aug. 16 The Mumbai-headquartered Polycab Wires Private Ltd plans to set up a greenfield facility in Daman for its joint venture with the French company Nexans to make specialty cables. The company is also setting up a plant in ...

PERFORMANCE: How to analyse a company
After you have decided that it is the right time to investin and identified the right industry to park your money, you should lay your hands on the right company. As Peter Lynch says, “Identifying the right industry but the wrong ...