The Hindu Business Line : Sunday, June 01, 2003

January-March 2003 quarter — Banks on a roll, roller-coaster for rest
TO GET a feel of who is dominating the earnings season, take a casual look at the advertisements splashed in newspapers. Yes, it is the public sector banks, with private sector banks close behind,that are making ... More

The ten that stole the show
IT IS not often that large-cap companies walk away with the honours in the earnings season. Before 2002-03, the slow-down in industrial growth and sluggish commodity prices hampered the performance of such ... More

Scorpio to the rescue
THE credit for Mahindra & Mahindra Ltd's (M&M) performance during the fiscal 2002-03 must almost entirely go to its automotive division. Faced with a slide in the sales of its tractors and farm equipment products, the flag bearer during the year ... More

MERGERS & ACQUISITIONS

Compact Power to be merged with HBL Nife
HBL Nife Power Systems Ltd has decided to merge with itself one of its subsidiaries — Compact Power Sources Pvt. Ltd, an unlisted entity. At a meeting held here, the HBL Nife board has approved a scheme of amalgamation of Compact Power ... More

IFC to invest $3 m in DQ Entertainment
THE International Finance Corporation (IFC) will be investing $3 million in DQ Entertainment Ltd, a city-based animation company. IFC and DQ (formerly Dataquest Management and Communications Ltd) have signed a contract to this effect, according ... More

CORPORATE GOVERNANCE

Prosecution cell in ICAI on anvil
AN independent permanent directorate to exclusively deal with all disciplinary cases of auditors is on the anvil, with the Government proposing to amend the Chartered Accountants Act in this regard. The setting up of a "prosecution ... More

NEW PROJECTS

MUL aluminium foundry by July
MARUTI Udyog Ltd will save about Rs 75 crore a year when it starts sourcing auto components from the aluminium foundry to be set up by it along with Suzuki Motor Corporation. The foundry will start production in July, according to Mr Jagdish ... More

INTERVIEW

`Sonata will function as a separate division' — Mr Bijou Kurien, VP (watch division), Titan Industries
The watch industry is witnessing hectic action in the mid-price segment. Titan Industries, the leading watch manufacturer has a presence across segments through its brands Titan and Sonata. Business Line caught up with Mr Bijou Kurien, ... More

OUTLOOK

TVS Electronics aims Rs 60 cr from exports — To forge marketing tie-ups in US, Europe
TVS Electronics Ltd, part of the Rs 7,000-crore TVS group, is set to expand its footprints in the global market place. The company, which already exports its products to the US and Europe, has firmed up plans to market products under its own ... More

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