The Hindu Business Line : Tuesday, October 08, 2002

CESC to seek tariff review for 2002-03
THE RPG-controlled CESC Ltd will seek a review of its tariff for 2002-03, shortly Mr Sanjiv Goenka, company Vice-Chairman, has said. CESC, which will have to rework its accounts on the basis of the tariff rates (for 2000-01 and 2001-02) that ... More

Essar bags TN water scheme contract
MUMBAI: Essar Constructions Ltd, a part of the Essar group, has bagged a Rs 43-crore contract for developing a combined water supply scheme in Madurai and Theni districts of Tamil Nadu. According to a release, the Tamil Nadu Water and ... More

Dr Reddy's board meet on Oct 24

CORPORATE DISPUTES

BG officials meet Naik
SENIOR BG officials today met the Union Petroleum Minister, Mr Ram Naik, to explain their stand on the dispute with Oil and Natural Gas Corporation (ONGC) and Reliance Industries Ltd (RIL) on the operatorship of the Panna-Mukta oil and gas ... More

AWARDS & HONOURS

SEC Industries bags APTDC award
SEC Industries Ltd, a city-based technology focussed industry, has bagged the `best innovative technology development award sponsored by the Andhra Pradesh Technology Development Corporation (APTDC) for 2002. The award would be presented by the ... More

ACCOUNTANCY

ICAI members can now join Uganda body
THE Institute of Chartered Accountants of India (ICAI) has attained the status of a recognised professional institute of the Institute of Certified Public Accountants of Uganda (ICPAU). A statement issued by ICAI said that members, who are in ... More

MERGERS & ACQUISITIONS

JK board clears recast, Vikrant merger ratio
THE board of JK Industries Ltd (JKI) today gave its nod for a proposal to de-merge the existing sugar and agri-genetics businesses into two separate companies. The board also gave its approval for a 2:5 equity share-swap ratio for merging its ... More

Bid for BSL `hostile' — Flaws in Sardas' open offer papers: SEBI
THE Securities and Exchange Board of India (SEBI) has billed the attempt to take over BSL Ltd by the Sardas of Kolkata as a ``bid in futility''. This was stated by Mr R.M. Joshi, Executive Director of SEBI. According to him, there are certain ... More

REGULATORY BODIES & RULINGS

Securities of IDRs must be listed on foreign bourse
OVERSEAS companies proposing to issue Indian depository receipts (IDRs) will have to ensure that the securities or the underlying shares would have to be listed on an international stock exchange first. This provision has been stipulated in ... More

TRADE & LABOUR UNIONS

`Law & order problem' — Fort Gloster suspends work at head office
A NOTICE announcing suspension of work has been issued at the head office of the ailing cable manufacturer, Fort Gloster Industries Ltd. This company, which pioneered XLPE cables in India, is currently owned by Mr Shree Kumar Bangur. According ... More

OUTLOOK

BPL Telecom eyes Rs 250-cr PC sales
BPL Telecom Pvt Ltd, part of the Rs 4,300-crore BPL Group, has targeted a revenue of Rs 250 crore from sales of personal computers (PC) in the current fiscal. The company is hopeful of garnering a 10 per cent share of the domestic market for ... More

Cochin Shipyard to build vessel for Abu Dhabi co
THE efforts of Cochin Shipyard Ltd to make an entry into the export market has started yielding results. It has bagged an order from National Petroleum Construction Company, Abu Dhabi, for building an ocean going cargo launch vessel. The ... More

TN Industrial Explosives to wipe out losses
TAMIL Nadu Industrial Explosives Ltd is set to wipe out its accumulated losses during the current financial year and commence work on the diversification project for manufacturing emulsion explosives, according to a company press release. The ... More

PERFORMANCE

Eicher Motors exports up 93% in September
EICHER Motors Ltd (EML) has recorded a growth of 93 per cent in export sales of commercial vehicles during the month of September 2002 over the corresponding period last year. EML exported 216 vehicles during September 2002 as against 112 units ... More

Oil Palm India pays Rs 13.59-lakh dividend
THIRUVANANTHAPURAM: Oil Palm India Ltd, a joint sector project under the Ministry of Agriculture, has paid a dividend of Rs 13.59 lakh in 2001-02. A loss-making firm in the initial years, Oil Palm has been able to turn around and register ... More

TRENDS

Jamshedpur in limbo over land lease renewal
While land lease for the factory covering 1,729 acres has been permanently settled, another 12,709 acres categorised under five Schedules on the basis of usage are leased to the Tatas. More

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