The Hindu Business Line : Saturday, August 09, 2003

Magistrate refuses to close Tata Fin case
THE Metropolitan Magistrate, Mr S.S. Shirke, today rejected the application field by the Economic Offence Wing of the Mumbai police seeking closure of investigations into the cases against Mr Dilip Pendse, former Managing Director of Tata Finance ... More

RESTRUCTURING

IHCL sells Indore hotel
THE Indian Hotels Company Ltd (IHCL) on Friday informed that its associate company, Piem Hotels Ltd, has sold the Taj Residency, Indore, to businessman and hotelier, Mr Kamal ... More

CORPORATE GOVERNANCE

`Corporate image is linked to good governance'
Corporate image is an asset today and is built primarily on sound corporate governance, Mr C.P. Jain says. More

NEW PROJECTS

Britannia to set up Rs 60-cr facility in Uttaranchal
BISCUIT major Britannia Industries Ltd has decided to set up a greenfield production facility in Uttaranchal, which will require an investment of around Rs 60 crore, to be met from internal cash generations. The Rs 1,300 crore-plus turnover ... More

ALLIANCES & JOINT VENTURES

MIC ties up with South African co
THE Hyderabad-based MIC Electronics has tied up with UEC Multi Media of Durban, South Africa, to manufacture set-top boxes. The African company will transfer technology to MIC, which in turn would invest between $2 and $5 million in the next few ... More

SICK UNITS

Kerala Govt offers settlement of KCCL dues to FIs
Though the Government had proposed one-time settlement of the liabilities twice before in 2001 and 2002, it failed to pay up due to financial problems. More

Pennar Profiles told to sign MoU with foreign investor
THE Board for Industrial and Financial Reconstruction (BIFR) has directed the ailing aluminium profiles company, Pennar Profiles Ltd (PPL), part of the Hyderabad-based Pennar group, to enter into an understanding with the proposed foreign ... More

Daewoo workers to get first right to asset sale proceeds
GUESS who is behind the Daewoo Motors India Ltd plant at Surajpur coming to life again — the Union Labour Minister, Mr Sahib Singh Verma himself. On July 8, the Minister brokered a deal between the workers' union, financial institutions ... More

PERFORMANCE

Mega power status for 1050 MW Surat plant — Torrent Power's additional 375 MW to cost Rs 870 cr
THE gas-based combined cycle power plant being set up by Torrent Power Generation Ltd (TPGL) at Akhakhol village near Surat is looking to add an additional 375 MW to its originally conceived 675 MW power plant at an incremental cost of Rs 870 ... More

PEOPLE

New top-level appointments in Indo Rama Text

Scoreboard
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line