Financial Daily from THE HINDU group of publications
Thursday, May 16, 2002
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Financial Daily from THE HINDU group of publications Thursday, May 16, 2002 |
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CORPORATE ANNOUNCEMENTS SAIL hopes to mop up Rs 70 cr via assets sale STEEL Authority of India Ltd (SAIL) is planning to tap the new route of forward auctioning through steel portals like metaljunction.com for disposing of its idle assets at Bhilai and Rourkela Steel Plant. A SAIL release said that during the ... More PRIVATE PLACEMENT Subex shares for Toronto bank BANGALORE: The Bangalore based Subex Systems has informed the BSE that it is allotting 2,13,770 equity shares (a little less than 3 per cent stake) of Rs 10 each at a premium of Rs 90 to Toronto Dominion Bank. Subex has also informed ... More ESOPS Stock options are expenses: S&P STANDARD & Poor's (S&P) has gone and done it. The credit rating agency, whose stock indices are widely used for benchmarking the value of equities and is, therefore, in a position to influence investor and corporate behaviour, has redefined ... More AWARDS & HONOURS COURTS/LEGAL ISSUES Judgment on tariff: CESC on wait & watch mode THERE is no bash at Victoria House, the headquarters of the RPG-controlled power utility CESC, following the Calcutta High Court judgement on Tuesday. At least not yet. Neither the CESC, which scored a major legal victory with respect to its ... More MANPOWER SHORT TERM INSTRUMENTS RSP to come out with maiden CP RASHTRIYA Ispat Nigam Ltd (RINL), which runs Visakhapatnam Steel Plant (VSP), has decided to come out with a maiden Commercial Paper (CP) issue of Rs 200 crore, in two phases of Rs 100 crore each soon. Confirming this to Business Line, ... More MERGERS & ACQUISITIONS 
Citicorp Finance to take stake in 2 Shriram cosCITICORP Finance India Ltd will pick up equity stakes in two companies of the Chennai-based Shriram group, it was announced at the stock exchanges onWednesday. Shriram group officials told Business Line that Citicorp, the non-banking ... More
CMS may sell Jegurupadu stake to GVK ALLIANCES & JOINT VENTURES Qatar Petro seeks nod for airline jt venture with Gesco, UB Air QATAR General Petroleum Corporation has sought permission from the Foreign Investment Promotion Board (FIPB) for purchasing and subscribing up to 40 per cent stake in a non-scheduled airline company as a joint venture with two Indian partners, ... More ENTERPRISE RESOURCE PLANNING BONUS ANNOUNCEMENTS Pentasoft Q4 net down; plans bonus PENTASOFT Technologies has declared a net profit of Rs 16.81 crore on sales of Rs 120.86 crore in its consolidated operations for the fourth quarter ended March 2002. This reflects a slump of 44.67 per cent from net profit of Rs 30.02 crore on ... More SICK UNITS BIFR warns Dunlop India directors of penal action THE Board for Industrial and Financial Reconstruction, giving one last opportunity to the directors on the board of Dunlop India Ltd (DIL), has directed them to respond to the show-cause notice issued on November 21, 2001 within a stipulated time ... More OUTLOOK Bayer to focus on polymers, agrochem, pharmaceuticals BAYER Group of Companies has identified three focus areas to boost sales of its Indian operations. Mr Dieter Kambeck, Chairman and Managing Director, Bayer Group in India, told newspersons here on Tuesday that the company will focus on ... More
TRENDS Fewer companies registered in March THE number of companies registered under the Companies Act, 1956, saw a dip during March 2002. During the month, 1,651 companies were registered as against 2,121 companies registered during the same month the previous year. Of the 1,651 ... More NEW PRODUCTS & SERVICES 
Volvo bus unit eyes bigger market shareVOLVO Bus Division begun its operations on the Pune-Mumbai expressway from today. The company intends to ply its buses in the other districts of the State such as Kolhapur, Goa, Nasik, Aurangabad and Nagpur. Talking to presspersons, Mr Akash ... More
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Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back May. 5-May. 11 Western Union has big plans in money transfer sector Board-level appointments -- DCA to tighten norms for relatives of directors India Inc views long term with greater optimism Top 15 account for Rs 53,760 cr -- Investments in 62 projects shelved Q4 results prove elusive for investors First year after sell-off to Sterlite -- Strike, power shave Balco profit Maruti to insure own vehicles -- Ties up with Bajaj-Allianz, NIC |
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