The Hindu Business Line : Thursday, December 14, 2006

ACCOUNTING STANDARDS
Confusion over issuance of accounting standards
Globally, accounting standards (AS) are fixed by one entity only — the accounting regulator of the country. A good example of this is the Public Company Accounting Oversight Board (PCAOB) in the US. Although the Financial Accounting ... More

OPEN OFFERS
SAT reprieve for Heidelberg open offer
Heidelberg Cement on Wednesday got a temporary reprieve with the Securities Appellate Tribunal (SAT) allowing the German company to go ahead with its open offer to shareholders of Mysore Cements, pending a final order. SAT has, however, said ... More

AWARDS & HONOURS
Award for Dr Anji Reddy
Dr K. Anji Reddy, Chairman of Dr. Reddy's Labs, will be given Dr Pinnamaneni and Smt Sita Devi Foundation Award for 2006 at a function here on Thursday, said Dr C. Nageswara Rao, managing trustee. He said at a press meet here ... More

MANAGEMENT
Meet on management
Holy Grace Academy of Management Studies, Mala in Thrissur, is organising an international conference on `Emerging Paradigms in Management Business' on Friday and Saturday at the academy. Swami Dr Parthasarathi and Dr Bala V. ... More

MANPOWER
Century Mills set to down shutters in Mumbai
Cites high cost of operations; 95 pc of workers accepted VRS offer More

MERGERS & ACQUISITIONS
UB group's acquisitions to be funded through Trust
`Group also has other options to raise money' More

Corus gives more time to Tata Steel, CSN to revise bids
Adjourns December 20 extraordinary general meeting More

Britannia Ind eyeing W. Asian cos
Britannia Industries Ltd has announced that it proposes to acquire a majority stake in two bakery product companies in West Asian market. According to a press release, the acquisition of shares is subject to signing of ... More

NEW PROJECTS
MRPL in talks for aromatics unit stake sale
MRPL is in talks with Japanese and South Korean petrochemical manufacturers to sell a majority equity stake in its proposed aromatics facility. A senior company official said that up to 51 per cent stake could be on offer for the unit - to ... More

RIL to invest $5.2 b for doubling KG basin output
Armed with the Directorate-General of Hydrocarbons' (DGH) approval for the addendum to its initial development plan for its deepwater block in KG basin, Reliance Industries Ltd is looking at doubling output from the gas field at an enhanced ... More

Indus Fila plans to expand
Textile manufacturer Indus Fila Ltd plans to invest Rs 166.24 crore in increasing its capacities in weaving, yarn dyeing, processing and garmenting and setting up `centres of excellence'. To part finance this expansion project, ... More

ALLIANCES & JOINT VENTURES
DSCL ties up with Munich Airport
Infrastructure firm DS Constructions Ltd (DSCL) has announced that it has tied up with Flughafen Munchen GmbH (Munich International Airport) to bid for restructuring and modernisation of airport projects announced by the Centre. The consortium, ... More

OUTLOOK
Astra Poly to make US co's product in India
The Ahmedabad-based Astral Poly Technik Ltd, manufacturer and provider of chlorinated poly vinyl chloride (CPVC) piping and plumbing systems, will now manufacture and market the "BlazeMaster" fire sprinkler system under an agreement with the ... More

ONGC may rope in Shell, Total as partners in Nigerian blocks
OMEL may sign pact for exploration block in Turkmenistan More

PEOPLE
ACC appoints Sumit Banerjee as new CEO
ACC Ltd has appointed Mr Sumit Banerjee as the CEO designate from January 1, 2007. He will take over as Managing Director from April 1, 2007, after Mr M.L. Narula, present Managing Director, retires on March 31, 2007. Mr Banerjee, a B. Tech ... More