The Hindu Business Line : Sunday, January 23, 2005

IPCL plans fresh VRS — Eyes blue-collar workers this time
"The idea is to arrive at a package that would earn the worker a monthly interest of Rs 4,000-5,000.'' More

RESTRUCTURING

Essar Oil board meet to discuss CDR package
THE board of Essar Oil Ltd will meet on January 28, to consider steps to be taken to implement the debt-restructuring proposal approved by the lenders to its 12 million-tonne refinery project, the company has informed the stock exchanges. The ... More

FIXED DEPOSITS

FD options
SAW Pipes: An investment in the fixed deposit programme of SAW Pipes can be considered. However, depositors can choose the one-year lock-in option and avoid longer tenures due to the inherent risks involved in dealing with a company ... More

MERGERS & ACQUISITIONS

Value inflow sans cash outflow
SHAREHOLDERS of Gujarat Ambuja Cement have reason to cheer as the deal with global major Holcim of Switzerland is loaded with positives, though from a long-term perspective. For Gujarat Ambuja Cement, this deal ... More

A primer on Holcim
This strategic alliance is a landmark in the Indian cement industry as it will bring significant advantages to the shareholders of both the partners and their commitments to the growth of cement markets in India. — Paul ... More

Ambuja Cement India: A cash cow
1999: Gujarat Ambuja acquires the 14.4 per cent stake held by the Tatas in ACC at Rs 370 per share in two tranches, at a cost of about Rs 900 crore. This is bankrolled by debt. The deal is positioned as a `strategic alliance' between ACC ... More

SEBI amends takeover code
SEBI has amended the takeover code with effect from December 30, 2004. This effectively means that creeping acquisition of over 55 per cent in a company cannot be made through open offers, market purchases or preferential allotments. SEBI is ... More

CORPORATE GOVERNANCE

India Inc's response to corporate governance tardy: Chidambaram
THE Union Finance Minister, Mr P. Chidambaram, has expressed concern over the lack of seriousness on the part of corporate India in following the principles of corporate governance. "I am dismayed at the tardy response of Indian companies to ... More

Good corporate governance: Chasing a mirage
The regulators are doing a good job in laying down the form of good corporate governance. At the same time, mere legislation may not suffice to tame rogue companies. For good corporate governance to take root, shareholders must know that their own activism and alertness is crucial. More

TRENDS

Indian firms continue to destroy value
Increasing gross margins in every sector is easier said than done. With only the capital structure to tinker with, managers may have no choice but to increase the gearing levels and reduce interest costs. Loading the firm with more equity may only pe rpetuate their dismal record as destroyers of capital. More

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