The Hindu Business Line : Wednesday, July 30, 2003

DCA in a fix over notifying ICAI's accounting norms
THE Department of Company Affairs (DCA) is in a quandary over the issue of notifying the Institute of Chartered Accountants of India's (ICAI) Accounting Standards (AS) 1 to 23 as the specified standards that should be adopted under the Companies ... More

AWARDS & HONOURS

SAPPI printer award

COURTS/LEGAL ISSUES

AP HC directs HBL Nife to hold EGM
THE Andhra Pradesh High Court has directed HBL Nife Power Systems Ltd, the city-based Rs 203-crore battery manufacturer, to convene an extraordinary general meeting of its shareholders for the purpose of seeking their approval for the proposed ... More

PHARMACEUTICALS

Novartis Q1 net higher at Rs 17 cr
NOVARTIS India has registered a 5.8 per cent rise in net profit at Rs 17.63 crore in the first quarter ended June, 30, 2003 as against Rs 16.66 crore in the corresponding period last year. Net sales were at Rs 132.76 crore (Rs 127.53 crore). ... More

NEW PROJECTS

Nalco to set up gallium extraction facilities
ANTICIPATING that the global demand for a strategic metal such as gallium will increase considerably with the sharp growth of the electronics industry, National Aluminium Company (Nalco) has taken the initiative to set up gallium extraction ... More

REGULATORY BODIES & RULINGS

PM says CAG must not be a mere fault-finding body
THE Prime Minister, Mr Atal Bihari Vajpayee, has virtually lampooned the existing Governmental audit system, which, he held had reduced the executive to becoming "a prisoner of procedures, rather than an achiever of purpose". In his inaugural ... More

STANDARDS & BENCHMARKS

Nagarjuna Fert gets ISO tag

OUTLOOK

Air India hopeful of Rs 105-cr profit in 2002-03
AIR India is expected to earn a net profit of Rs 65 crore for the period April-December 2002 and a net profit of Rs 105 crore for the entire financial year 2002-03. However, the budget approved by the AI board for the financial year 2003-04, ... More

Balrampur Chini's diversification aimed at `de-risking' sugar business
SUGAR major Balrampur Chini Mills' concerted effort to expand operations in power co-generation and ethanol will substantially insulate it from the vagaries suffered by its core commodity business of sugar. According to Mr Vivek Saraogi, ... More

Neuland holds AGM as HC vacates stay
WITH the City Civil Courts vacating the stay on holding the annual general meetinghere on Tuesday afternoon, Neuland Laboratories Ltd (NLL), the city-based pharmaceutical company, convened its 19th AGM on Tuesday evening and adopted the ... More

PERFORMANCE

ONGC completes drilling of new well at MH
ONGC completed drilling an offshore well producing 3,000 barrels of oil per day, a senior official said today. This will be one of the highest producing wells discovered in the last four to five years, with a capacity to add 1.9 million barrels ... More

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