The Hindu Business Line : Sunday, April 21, 2002

Abbott not to be merged with Pharmacia
PHARMACIA Corporation today said that it would not merge Abbott Laboratories, in which it had acquired majority stake early this year, with itself. The company also does not have any plans to delist Abbott, Dr Venkat Sohoni, President and ... More

Promuk Hoffmann to roll out vehicle number plates
PROMUK Hoffmann International, the Hyderabad-based, Indo-German joint venture is all set to roll out high security registration plates that meet the Government specified norms for motor vehicles. The joint venture company is setting up a ... More

Taj Sports bags rights for football World Cup
YOU can catch the forthcoming FIFA World Cup Soccer matches live on the newly-launched Ten Sports. Taj Television Ltd, the parent company of Ten Sports, has signed an agreement with KirchMedia of Germany, the worldwide rights holder for the ... More

BUYBACK

Reckitt Benckiser buyback offer set to open in May
The company would zero in on specific manufacturing units for certain product categories. More

MERGERS & ACQUISITIONS

Grey areas in Takeover Code
THE Takeover Code of the Securities and Exchange Board of India (SEBI) is set to see one more round of change, evident from the indications given by Mr Justice P. N. Bhagwati, head of SEBI's Takeover Committee. SEBI's committee proposals do not ... More

CORPORATE GOVERNANCE

Corporate governance: Character, the key
CEOs, under increasing pressure from the investment community to meet short-term elevated expectations, in too many instances have been drawn to accounting devices whose sole purpose is arguably to obscure potential adverse results. Outside ... More

`Good corporate governance requires forward-looking CFOs'
INVESTMENT income in a non-investment company's financial statements is no longer a positive element; it is viewed not as "management topping up earnings through prudent use of surpluses," but as "management digressing from its business and ... More

Rating mooted for corporate governance
THE Securities and Exchange Board of India (SEBI) is likely to put in place a system for rating of corporate governance practices adopted by companies in the country. Although such a proposal is in the drawing-board stage, the SEBI Chairman, Mr ... More

REGULATORY BODIES & RULINGS

RBI's views on Taj SATS share transfer sought
THE Department of Economic Affairs (DEA) has sought the views of the Reserve Bank of India for allowing Indian Hotels Company Ltd's Taj SATS Air Catering Ltd to issue 7.35 million shares to Singapore Airport Terminal Services Ltd (SATS) under the ... More

INTERVIEW

`Expansion market sustained us' — Mr Satish Tandon, Managing Director, Alfa Laval (India)
DESPITE the general economic slowdown and lack of fresh investments in user industries, Alfa Laval has managed to grow at a steady pace. After a series of restructuring measures initiated by the company in the past few years, the company is ... More

SICK UNITS

BIFR rejects Dunlop application again
THE Board for Industrial & Financial Reconstruction (BIFR) has yet again rejected the fresh relief application moved in by Dunlop India Ltd (DIL) on March 14. DIL had filed the present application for orders/directions on staying the ... More

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Bank on security rules to tackle armed attack

Govt mulls pilot scheme for assured price to coffee growers

Patkar to support KGF, Kudremukh causes

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Apr. 14-Apr. 20
`Refineries must be lively `n' large to survive'

Revenue Dept for restoring I-T breaks on dividends

Caltex gets buy-out okay with 5-yr rider