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Sunday, May 29, 2005

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ACCIDENTS


12 killed in cement factory roof collapse
TWELVE construction workers were killed and several injured when the scaffolding collapsed at a construction site at Dalmia Cement's factory in Dalmiapuram, near Tiruchi, according to a press release from the company. Quoting an eyewitness, the ... More

ANNOUNCEMENTS


NMDC to pay 114.5 pc
HYDERABAD: The board of directors of National Mineral Development Corporation Ltd (NMDC), which met here, has recommended a total dividend of 114.5 per cent for the financial year ended March 31, 2005. Of this, 38.5 per cent has already ... More

Man Ind bags Rs 110-cr order
MUMBAI: Man Industries (India) Ltd has bagged orders worth Rs 110 crore for supply of steel line pipes for oil and gas projects in the US and Iran. The company has a delivery time of six months for the US order and eight months for the ... More

CORPORATE DISPUTES


`Govt looking into new issues raised by Anil Ambani'
THE Company Affairs Minister, Mr Prem Chand Gupta, said on Saturday that he was awaiting the "final report" on certain "new issues" raised by the Reliance Industries Vice-Chairman and Managing Director, Mr Anil Ambani. Mr Anil Ambani, who is ... More

ENVIRONMENT


`Sustainable development, corporate responsibility must go hand in hand'
THE Union Commerce and Industry Minister, Mr Kamal Nath, has said sustainable development and corporate responsibility must go hand in hand. Speaking at the Corporate Awards Ceremony of The Energy and Resources Institute here, the Minister ... More

FIXED DEPOSITS


FD OPTIONS
UBI's scheme for senior citizens
United Bank of India: Senior citizens can consider investing in the recently introduced long-term term deposit scheme of United Bank of India. The Bank has introduced a new term deposit bucket of between 7 and 10 years. Senior citizens ... More

MERGERS & ACQUISITIONS


HPL promoters still to agree on Basell acquisition, stake sale to TCG
THE two principal promoters of Haldia Petrochemicals Ltd (HPL), the West Bengal Government and The Chatterjee Group (TCG), failed to agree on two important issues on Saturday. First, the board could not decide whether HPL should participate in ... More

Mahindra arm mulls acquiring Amforge unit
MAHINDRA Automotive Steels Pvt Ltd (MASPL), a newly formed subsidiary of Mahindra & Mahindra Ltd, is considering acquiring the Chakan unit of Amforge Industries Ltd. MASPL's board is slated to meet on May 30 to consider the proposal. The ... More

Ruia Group gets nod to buy back residual stake of BBUNL in Jessop — Centre to appoint valuer to determine price
THE Union Law Ministry has cleared the proposal from Ruia Group to buy back the residual stake of Bharat Bhari Udyog Nigam Ltd (BBUNL) in Jessop. This makes the complete divestment of the Government interest in Jessop. Talking to Business ... More

OUTLOOK


Parryware targets 30 pc revenue growth this year
PARRYWARE, a division of EID Parry (India) Ltd, part of the Rs 6,200-crore Murugappa Group, is targeting a 30 per cent growth in revenue this year, said Mr K.E. Ranganathan, CEO. He was addressing the press for the first time after he took over ... More

ECONOMIC OFFENCES


Corporate frauds will invite controls: Gupta
`Choose freedom or regulation'

THE Company Affairs Minister, Mr Prem Chand Gupta, has made it clear that corporate behaviour would determine the Government's approach towards granting more freedom or tightening control on corporate activities. Stating that it was for ... More
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Corporate frauds will invite controls: Gupta
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Forex reserves down $520 m

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In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
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Sethusamudram Canal Project
India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
May. 22-May. 28
Bajaj Auto to launch Avenger on June 10

Subhash Projects to foray into power trading biz

Eisai, GSK in pact for marketing anti-ulcer drug


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