The Hindu Business Line : Sunday, July 13, 2003

BHEL bags Taiwan order for hydel equipment
OUTBIDDING international players in the power equipment market, Bharat Heavy Electricals Ltd (BHEL) has achieved a breakthrough in Taiwan market by bagging a major hydel power equipment order. According to a BHEL statement here, this is the ... More

Apollo Hospitals to provide corporate guarantee to arm
THE board of directors of Apollo Hospitals Enterprise Ltd (AHEL) has approved resolutions to provide corporate guarantee on behalf of its Ahmedabad-based subsidiary and also make investments in Mauritius and Bangladesh-based companies. In a ... More

Jindal board okays issue of equity shares

ACCOUNTING STANDARDS

White paper on MNC accounting firms
THE `Chartered Accountants' action committee for level-playing field' has come out with a `white paper on multinational accounting firms', which is to be released here on Sunday by the Union Minister for Human Resource Development, Mr Murali ... More

OVERSEAS BORROWINGS

Balrampur Chini gets $15-m IFC loan for UP project
SUGAR major Balrampur Chini Mills Ltd has procured a $15-million loan from the Washington-based International Finance Corporation (IFC) to fund its on-going greenfield project. According to the company spokesperson, the repayment period of the ... More

OUTSOURCING

Deutz to outsource parts from India
DEUTZ AG, the German engine company, has begun outsourcing parts for its German production from India. Mr Falk Weitschat, Managing Director, Deutz AG, said here that the head of the company's Purchase Department would be in India in the ... More

MERGERS & ACQUISITIONS

Murugappa group to pitch for MFL stake
FRESH from the acquisition of the 25.88 per cent stake of the Andhra Pradesh Government in Godavari Fertilisers and Chemicals Ltd, the Murugappa group may consider pitching for stake in the MFL (Madras Fertilisers Ltd) and has initiated a due ... More

NEW PROJECTS

Base Corporation plans Rs 100-cr manufacturing unit at Hosur
THE Bangalore-based Base Corporation Ltd, currently marketing a range of Panasonic batteries, while launching its latest range of maintenance-free car batteries in the Andhra Pradesh market, has announced plans to invest Rs 100 crore in a ... More

Stryker India plans to set up telemedicine units
STRYKER India is poised to ink an alliance with a reputed research institute to set up telemedicine centres across the country, for educational purposes. Stryker has a division that handles IT-enabled services for the medical fraternity. In ... More

Wockhardt to set up hospital in Bangalore
WOCKHARDT Hospitals has decided to set up a new hospital complex in Bangalore at a cost of around Rs 200 crore. The Wockhardt Chairman, Mr H.F. Khorakiwala, told newspersons on Saturday that Rs 100 crore will be invested in the first tranche. ... More

ALLIANCES & JOINT VENTURES

Best Western hotel chain ties up with Alitalia
BEST WESTERN, a global hotel chain, has joined hands with Alitalia to allow all Gold Crown International Members to earn miles on Alitalia worldwide, according to a company press release. All Gold Crown International Members who stay in Best ... More

E-COMMERCE & E-BUSINESS

SAIL conducts Rs 100-cr business over Internet
STEEL Authority of India Ltd (SAIL), the public sector steel major, conducted business worth more than Rs 100 crore over the Internet during 2002-03. This, according to an official statement here, was the maiden entry by the company in the ... More

INTERVIEW

`Luxury hotels generate 75% of our revenues' — Interview with Mr Raymond Bickson, MD-designate, Indian Hotels
Indian Hotels is on a roll, what with occupancy rates looking up. Mr Raymond Bickson, the executive director and COO (luxury hotels) and the MD-designate, has a plateful of challenges to tackle as he sets about taking the Taj Group to a higher ... More

DIVERSIFICATION

BHPV begins diversifying into other areas
"We completed 14 projects worth Rs 220 crore during the year and won back the faith of our customers." More

OUTLOOK

Ray of hope at last on Tata Steel land-lease renewal
BY all accounts, the meeting between Jharkhand's Chief Minister, Mr Arjun Munda, and Tata Iron & Steel Company's Managing Director, Mr B. Muthuraman, at Jamshedpur on July 1 has helped create an atmosphere congenial for resolving the long ... More

Coromandel confident of tiding over debt-equity imbalance
DESPITE the overall fresh burden of around Rs 180 crore, Coromandel Fertilisers Ltd (CFL), part of the Rs 4,300-crore Murugappa Group, is confident of tiding over the imbalance in debt-equity ratio. The Rs 180-crore is for the management control ... More

PERFORMANCE

Quarterly earnings: No guide to full-year performance
April 10, 2003: Mastek declares earnings numbers for the year 2002-03. The market downgrades the stock and 50 per cent of its value is wiped off in a single trading session. THE market had expected ... More

Finding value in the numbers
PERIODIC earnings announcements may not tell the whole story but they definitely provide the jist of it. These numbers may lead to higher or lower expectations and affect the valuation of the stock. At times ... More

Acquisition of Pfizer Inc unit — Stryker India completes integration
FOR the US-based medical equipment company Stryker Corporation, the global acquisition of Pfizer Inc's medical devices division has helped increase its presence in India. Close to four years following the acquisition of Pfizer's Howmedica and ... More

PEOPLE

Sohoni appointed Rallis India MD
RALLIS India Ltd on Saturday announced the appointment of Dr V.S. Sohoni as Managing Director with effect from August 11. Dr Sohoni takes over from Mr Rajeev Dubey who has resigned for personal reasons. Mr Dubey's resignation will take effect ... More

Scoreboard
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line