Financial Daily from THE HINDU group of publications
Sunday, February 03, 2002
Financial Daily from THE HINDU group of publications Sunday, February 03, 2002 |
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CORPORATE ANNOUNCEMENTS Shortages push RCF to LSHS ACUTE shortages of natural gas for its Trombay unit has forced Rashtriya Chemicals and Fertilizers Ltd to turn to the less environment-friendly low sulphur heavy stock (LSHS). "We have written to Hindustan Petroleum Corporation (HPC) for ... More ACCOUNTING STANDARDS Companies fight shy of meaningful disclosures A DIFFUSED and conglomerate structure of operations is now outdated. Or, so it would seem, if declarations by companies on segment-wise performance that is mandated by SEBI, are anything to go by. Company after company has claimed they "operate ... More
Corporate fault lines `revealed' to investors RESTRUCTURING Madhusudan Ind to hive off 51% stake in ceramics arm to Duravit THE Ahmedabad-based Madhusudan Industries Ltd (MIL) has decided to hive off 51 per cent stake in its sanitaryware business and cede management control to Duravit AG of Germany for a consideration of 18.62 million DM, which translates to ... More MERGERS & ACQUISITIONS Hays to create 5,000 more jobs HAYS Document Management (HDM), the Indian subsidiary of the UK-based Hays plc, has drawn up an expansion programme aimed at creating 5,000 jobs in business process outsourcing (BPO) segment in the country over the next four-five years. The ... More NEW PROJECTS Chennai Petro plans to double petrol, kerosene output UPON the completion of its three million tonnes per annum expansion project, expected in July 2003, Chennai Petroleum Corporation Ltd (CPCL) will be producing about twice the quantity of petrol and kerosene it is producing now. LPG and diesel ... More ALLIANCES & JOINT VENTURES Vashisti board accepts HLL processing deal THE board of Vashisti Detergents Ltd has decided to accept a proposal by Hindustan Lever Ltd (HLL) to enter into a processing arrangement with it. Vashisti Detergents sells its entire output to HLL, under a long-term sourcing agreement. This ... More
GAIL to sell bandwidth SICK UNITS Metal Box directed to implement revival plan THE Board for Financial & Industrial Reconstruction (BIFR) has directed the management of Metal Box India Ltd (MBIL) to implement the rehabilitation scheme, as sanctioned by the Delhi High Court on July 16, 2001, and submit the period progress ... More OUTLOOK Aurobindo Pharma hopeful of Rs 2,000-cr turnover by 2004 AUROBINDO Pharma (APL), the Hyderabad-based pharmaceutical major that embarked upon a mega restructuring exercise at an overall cost of Rs 288 crore, expects to emerge as one of the leading players in the domestic pharmaceutical industry with a ... More PERFORMANCE GM India sales up 16 pc in January NEW DELHI: General Motors India Ltd on Saturday said its sale of cars rose significantly in January 2002 to 648, marking a 16 per cent rise over January 2001 sales. December sales were 410, the company said in a statement. GM India, a ... More
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Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Jan. 27-Feb. 2 Institutional directors of Govt cos 'independent' Bharti launches NLD operations $1.3-b overseas borrowings -- Reliance set to pay hefty withholding tax DX Tech enters e-publishing Reviving the market by IPOs French tractor major buys out Thapars in 2 ventures Infosys forays into testing space Herbertsons issue -- Mallya, Chhabria may bury hatchet |
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