The Hindu Business Line : Friday, February 11, 2005

Carrera to unveil `Vinci' loom model in April
THE Italian fashion garment manufacturing group, Carrera Holding Enterprises, plans to unveil its rapier weaving machine models for the Indian market in April. Carrera will initially assemble the high-performance looms, which would be ... More

RIL petrochem exports to China to touch $700 m
RELIANCE Industries Ltd will export petrochemicals worth $700 million to China this year. The country's largest petrochemicals major will export close to $5 billion worth of petrochemicals, used to produce plastics, in 2004-05, said the Executive ... More

CORPORATE DISPUTES

Birla-Lodha case: CLB reserves order on shareholding pattern
THE Company Law Board (CLB) has reserved its order on the application moved by a section of minority shareholders of Birla Corporation Ltd seeking probe into the shareholding pattern of the promoters. The CLB's Principal Bench, constituted by ... More

COURTS/LEGAL ISSUES

No smoke without fire, no loot without soot
BJP is hooting, "Loot! Loot!" and perplexed people are stopping by to find out what happened. And if you were to explain to them that the `lotus' party is not happy with Manmohan & Co for bringing forth an urgent correction to old excise laws ... More

HUMAN RESOURCES

`Cos must focus on HR training'
MR Arun Maira, Chairman of Boston Consulting Group, today said that the Indian corporate sector should widen its search for human resources and improve the training of such resources to avoid abnormal increases in the pay packet. "I am not ... More

NEW PROJECTS

Vedanta plans Rs 7,000-cr aluminium smelter in Orissa
VEDANTA Resources Ltd, the London-based holding company of Sterlite group, on Thursday announced plans to invest Rs 7,000 crore in India to set up a five-lakh-tonne-per-annum greenfield aluminium smelter in Orissa. The project also includes a ... More

Vedanta building strength in cost competitiveness
VEDANTA Resources's investment of up to Rs 17,000 crore in expansion of its metal capacities is in the backdrop of strong demand for base metals both in the domestic as well as overseas markets. Even as prices of leading metals such as ... More

REGULATORY BODIES & RULINGS

Reliance files not missing: RoCs
THE Ministry of Company Affairs has received reports from its regional offices - the Registrar of Companies (RoCs), Mumbai and Ahmedabad, that none of the files pertaining to the Reliance group is missing from their records. The Ministry had ... More

CLB reserves order on Nambiar's plea
THE Company Law Board (CLB) on Thursday reserved orders on the petition filed by Mr T. P. G. Nambiar, BPL group patriarch, and three group companies against his son-in-law, Mr Rajeev Chandrashekar, Chairman, BPL Communications Ltd.The CLB has ... More

DCA plugs into e-governance
VISITS to the offices of the Registrar of Companies (RoCs) may become a thing of the past for India Inc. The Ministry of Company Affairs has launched its Rs 341-crore e-governance project, DCA-21. The project that is to be implemented in ... More

ALLIANCES & JOINT VENTURES

SAIL, GAIL sign pact on natural gas supply
STEEL Authority of India Ltd (SAIL) and GAIL (India) Ltd have signed a Heads of Agreement (HoA) for supply of natural gas or regassified liquefied natural gas to various plants of SAIL. A HoA is a non-binding document outlining the main issues ... More

SOCIETY & DEVELOPMENT

Corporate duty
TO SHARE, or not to share, how much to share — that is the question. The talk of corporate social responsibility (CSR), in the sense of corporate sharing a part of their (good) fortune with the needy, is as old as ... More

OUTLOOK

Electrolux aiming to wipe out losses by 2006
HELPED by growing sales of its new product roll-outs, white goods manufacturer Electrolux India is aiming to wipe out its losses by 2006. "The company has reduced its losses by more than half this fiscal, and for the first time its net worth ... More

PEOPLE

Banga joins Unilever Executive; elevated as President - Foods
MR M.S. Banga, non-executive Chairman of Hindustan Lever Ltd and Business Group President of Unilever's Asian Home & Personal Care (HPC), has been elevated to Unilever's new apex management committee, the Unilever Executive. He will now be ... More

3-dimensional changes
THE announcements of the changes at the top of Unilever have at least three dimensions. The first of them is organisational: It is certainly being streamlined and made more of `one company', and not a double-headed Anglo Dutch company. The ... More

Petronet board to pick new CEO
PETRONET LNG Ltd, a joint sector company floated by four public sector oil companies, has said that the appointment of its new CEO and Managing Director will be made by the board. "The appointment will be made by the Board of Directors in the ... More

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