Financial Daily from THE HINDU group of publications
Friday, August 23, 2002
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Financial Daily from THE HINDU group of publications Friday, August 23, 2002 |
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CORPORATE ANNOUNCEMENTS Videocon to make fridges at Salt Lake factory VIDEOCON International Ltd today outlined plans to invest Rs 80 crore to augment facilities at its existing manufacturing unit at the Salt Lake Electronics Complex here. The company has firmed up plans to set up capacities to manufacture one ... More PREFERENTIAL ALLOTMENTS Matrix plans to come out with pref allotment MATRIX Laboratories Ltd (MLL), the city-based pharmaceutical company, is planning to raise funds required to expand its manufacturing and research & development facilities. Towards this, the company is likely to go in for issue of equity ... More OPEN OFFERS Reliance open offer for IPCL draws huge response INDIAN Petrochemicals Corporation Ltd (IPCL) ended 5.54 per cent lower on the BSE at Rs 131.40 on the closing day of the open offer made by Reliance Industries. The latter made an open offer to buy out the 20-per cent stake in IPCL at Rs 231 per ... More OVERSEAS BORROWINGS `Right time for cos to tap forex loans' BANKERS say it's the best of times for top-tier corporates to raise funds from the overseas debt markets through the foreign currency loan syndications route. "This is the ideal time for corporates to raise large amounts for their long-term ... More COURTS/LEGAL ISSUES Payment default: Madras HC fiat to wind up textile mill THE Madras High Court has ordered the winding up of the Pollachi-based Sri Muthukumaran Cotton Mills for alleged default to pay the dues to a cotton supplier. While disposing of a petition filed by M/s Jeetmal Nandlal, a proprietary firm ... More MERGERS & ACQUISITIONS Classic City buys Hotel Holiday Inn IN execution of the decree obtained by IndusInd Bank Ltd in a recovery case against the Ram Laxman Hotels Pvt Ltd (RLHL), Hotel Holiday Inn, Pune, owned by RLHL, was sold at an auction to Classic City Investments Pvt Ltd (CCPIL) for Rs 29.8 ... More CORPORATE GOVERNANCE CAG sets up board to draft accounting norms A GOVERNMENT Accounting Standards Advisory Board (GASAB) for the Union and States has been established by the Comptroller and Auditor General (C&AG) of India. The main responsibility of GASAB is to formulate and propose standards that improve ... More
`Govt regulators necessary for law enforcement' ALLIANCES & JOINT VENTURES Tata Engg, Citibank in fungibility deal TATA Engineering & Locomotive Company Ltd has signed an agreement with its depository for GDR holders, Citibank N.A for two-way fungibility of GDRs with ordinary shares of the company. The scheme is operational with effect from August ... More INTERVIEW M&M sees early break-even for Scorpio IF there is any project in the automobile sector that has aroused intense market interest in recent years in India, it is the Indica car project of the Tatas and the `Project Scorpio' of Mahindra and Mahindra. The Indica has been on the road for ... More OUTLOOK Imangin Clothing aims at Rs 9-cr turnover IMANGIN Clothing and Design, a Delhi-based company marketing affordable designer womenswear under the brand name One Clothing, expects to close the next fiscal on a sales turnover of Rs 9 crore. According to Mr Rajiv Makhni, Director & COO, ... More
Tata Engg sees CV sales growth slowing
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