Financial Daily from THE HINDU group of publications
Thursday, October 03, 2002
Financial Daily from THE HINDU group of publications Thursday, October 03, 2002 |
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CORPORATE ANNOUNCEMENTS Skoda `Superb' model next year SKODA, the 100 per cent subsidiary of Volkswagen, will be introducing its top end `Superb' model in India next year. Accordingly, the launch of its other two models, Laurin and Clement, earlier scheduled for November 2003, will be advanced, ... More
Avon Organics halves dividend
L&T lowest bidder for UAE power project
Kinetic to raise `Nova' output
BEL declares 50 pc dividend BUYBACK DCA seeks to incorporate draft offer in share buyback petitions THE Department of Company Affairs (DCA) will now urge the High Courts in cases related to buyback of shares to direct the petitioner-company to make the draft letter of offer a part of the petition. Instructions have already been issued to the ... More TAXATION Tangible assets — Accelerated depreciation norms may be reviewed THE Government is examining whether the existing rates of depreciation for tangible assets in the income-tax legislation could be brought down. According to senior officials, the I-T provisions on this currently provide for write-off of asset ... More HUMAN RESOURCES Pre-1987 IOC retirees seek `fair' benefits CONSIDER this. A manager of Indian Oil Corporation Ltd (IOC) who retired prior to 1987 after serving the company for 20 years got a superannuation benefit of Rs 1.5-2 lakh, comprising provident fund and gratuity. On the other hand, a ... More RESTRUCTURING Indian Rayon to spin off insulator business — Joint venture with NGK, Japan INDIAN Rayon and Industries Ltd (IRIL), an Aditya Birla group enterprise, has decided to hive off its insulators business under Jaya Shree Insulator Division, in favour of a new company - Vikram Insulators Private Ltd (VIPL). In a communiqué ... More FIXED DEPOSITS Jindal Strips FD rated stable MUMBAI: Fitch Ratings India has revised the rating of the fixed deposit programme of Jindal Strips Ltd to `tA(ind)' from `Ind A-(FD)'. The rating outlook is stable. This revision follows the introduction of a new rating scale by Fitch ... More MERGERS & ACQUISITIONS Creeping acquisition in full flow Brokers said many promoters and large investors took advantage of the depressed stock market to increase their stake over the last one year. More
SBI may offload stake in STCI — To swap shares in DFHI
Hindalco open offer for Indal from Oct 14
Escorts plans to buy out US partner NEW PROJECTS Toyota Kirloskar to invest Rs 340 cr THE Bangalore-based Toyota Kirloskar Motor will make fresh investments to the tune of Rs 340 crore to set up new facilities in the country. The company has finalised plans to establish a 100-per cent export-oriented unit for the manufacture of ... More TRADE & LABOUR UNIONS Textile unions may take wage issue to Apex Court MAJOR textile workers unions, upset over the rejection by the Madras High Court of the State Government order on payment of interim relief, are likely to contest the verdict in Supreme Court. The unions constituting the joint action committee ... More ALLIANCES & JOINT VENTURES 
Continental forays into 2-wheelers with MetroCONTINENTAL AG of Germany, the global auto tyre major that has a large presence in the country in the four-wheeler segment, today announced its foray into the Indian two-wheeler tyre market through a tie-up with Metro Tyres Ltd, the flagship ... More
Covansys inks pact with US co DIVERSIFICATION Nirma's food foray With pressure on its traditional mainstays, soaps and detergents, Nirma looks to foods to feed its bottomline. More OUTLOOK New boss sees smooth SAILing IN a smooth-sail change of its kind, familiar, perhaps, only to Steel Authority of India Ltd (SAIL) in the public sector fold, Mr V.S. Jain has taken over from where Mr Arvind Pande left off. Exuding confidence at his maiden impromptu press ... More Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Sep. 22-Sep. 28 `Huge market for e-governance projects' — Oracle in talks with many State Govts Creating `bullet-proof' managers for corporate world BPCL plans Rs 7,500-cr outlay during 10th Plan Sundram Fasteners upbeat on outsourcing CFO must for cos with Rs 5-cr paid-up capital |
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