![]() Financial Daily from THE HINDU group of publications Thursday, June 05, 2003 |
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CORPORATE ANNOUNCEMENTS No immediate plans to revive IOC Paradip project INDIAN Oil Corporation Ltd (IOC) has no immediate plans to revive its ambitious Rs 12,400-crore Paradip refinery project in Orissa. In the light of the sharp increase in project cost and surplus demand supply situation for petroleum products in ... More
Indo Rama Textiles plans to list shares
CORPORATE DISPUTES Standby charges to MSEB Tata Power, BSES told to pay equal amount THE Mumbai High Court today settled a three-year-long dispute between Tata Power and BSES Ltd over payment of standby charges to the Maharashtra State Electricity Board. Both companies have been asked to share the charges equally, paying monthly ... More
Tatas happy; BSES decision soon OVERSEAS BORROWINGS OUTSOURCING Ford to increase sourcing components from India FORD India Ltd expects the sourcing of components from India by its parent, Ford Motor Company, to grow by three or four times in the next two years. At present, the component exports to Ford Motor Company's global programme is valued at about ... More COMPANY LAW Chamber seeks to simplify laws for corporate sector THE Associated Chambers of Commerce and Industry of India (Assocham) has emphasised the need for continuous liberalisation, deregulation and simplification of the laws governing the corporate sector. The Chamber feels, the entire corporate ... More AWARDS & HONOURS MERGERS & ACQUISITIONS Promoters to buy Bhagyanagar stake in Surana THE promoters of the Surana Telecom Ltd (STL), the Hyderabad-based jelly-filled telecom cables manufacturer, have proposed to acquire 10 lakh shares of the company currently owned by the group company - Bhagyanagar Metals Ltd (BML) - at the ... More
REGULATORY BODIES & RULINGS Independent directors to head audit panels? Critics of the existing structure have said that the Chairman or Chief Executive Officer (CEO) of a company is invariably the Chairman of such a committee and therefore, has an overarching influence on its functioning. More OUTLOOK Cola's Chotta seen to boost dealer fridges PERHAPS it is the `paanch' ad that is helping 200-ml Coke bottles fly off refrigerator shelves - and that makes Godrej Appliances happy. The company, which has supplied refrigerators and visicoolers - with the glass door - to ... More PERFORMANCE
The black, red tally of 217 cosTHE improvement in the industrial growth rate and commodity prices in 2002-03 has not led to a higher number of turnaround stories in India Inc. Even as companies with linkages to the industrial economy and commodity prices have witnessed a ... More
Hyundai May sales rise 38 pc
PEOPLE
Britannia asks Alagh to go; successor not namedTHE board of directors of Britannia Industries Ltd has decided to terminate the employment of its Managing Director, Mr Sunil K. Alagh, with immediate effect, the company notified the Bombay Stock Exchange. Earlier, Mr Alagh had informed the ... More
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