Financial Daily from THE HINDU group of publications
Friday, June 17, 2005
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Financial Daily from THE HINDU group of publications Friday, June 17, 2005 |
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CORPORATE ANNOUNCEMENTS M&M to produce Renault's Logan at Nashik plant MAHINDRA & Mahindra Ltd (M&M), which has a 51:49 joint venture with French auto major Renault, announced on Thursday that it will produce Renault's `Logan,' an entry-level C segment car, at its Nashik facility. A Rs 550-crore MoU was signed More
McDowell to cut SWC debt by Rs 460 cr CORPORATE DISPUTES Maruti cries foul over Hyundai brochure IN the cutthroat world of small cars, marketing gimmicks are getting uncomfortably personal. From staid comparison advertisements, which at times even made the competitor's car look better, recent ones have taken on the tenor of a no-holds ... More
F.L. Smidth accuses L&T of breach of pact OVERSEAS BORROWINGS Jindal Saw raises $40 m from ECBs JINDAL Saw Ltd today said that it has raised $40 million (about Rs 175 crore) through external commercial borrowings (ECBs) from a nine-bank syndicate to finance its capital expenditure programmes. The company initially wanted to raise a term ... More
Reva aims to raise $15 m for expansion plans COMPANY LAW Committee set up to study Irani panel proposals on independent directors THE Finance Ministry has set up a three-member panel to examine the suggestions of the J.J. Irani Committee on Company Law and specifically on the composition of corporate board of directors. Independent director representation on company ... More AWARDS & HONOURS FICCI wants flexibility in 'independent directors' norm THE new Companies Bill should be flexible in allowing the boardrooms to decide the number of independent directors they require for corporate governance, is one of the suggestions put out by the Federation of Indian Chambers of Commerce and ... More RESTRUCTURING Kinetic Motor to restructure group KINETIC Motor Company (KMC) plans to restructure its entire group in another couple of years and expects to post revenues of over Rs 1,000 crore in three years. The KMC Joint Managing Director, Ms Sulajja Firodia Motwani, said that KMC is ... More
Cabinet approves revamp package for BBJ Construction MERGERS & ACQUISITIONS 
IISCO-SAIL merger gets Cabinet nodTHE Centre on Thursday paved the way for a merger between state-owned Indian Iron and Steel Company and Steel Authority of India, with the Cabinet authorising the Ministry of Steel to initiate the process after taking approval of the Board for ... More REGULATORY BODIES & RULINGS `RoCs must act as facilitators of corporate sector' THE Company Affairs Minister, Mr Prem Chand Gupta, has asked the Registrar of Companies (RoCs) to take on the role of facilitators rather than be the regulators of the corporate sector. Inaugurating a workshop on `Simplification of procedural ... More OUTLOOK Safran group bullish on India INDIA and China are the future markets of aviation, and as Snecma has had an enduring relationship with India, "we have no doubt that we will work closely, both for Indian and third markets," says Mr Francois Courtot, Senior Vice-President, ... More
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Looking back Jun. 5-Jun. 11 Maruti to hike Swift prices |
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