Financial Daily from THE HINDU group of publications
Thursday, February 21, 2002
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Financial Daily from THE HINDU group of publications Thursday, February 21, 2002 |
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CORPORATE ANNOUNCEMENTS Cadila not to take IPO dose till 2005 THE Rs 550-crore Cadila Pharmaceuticals Ltd (CPL) has decided against an initial public offering (IPO) till 2005. This is a part of its overall strategy for life after the new patent regime. Talking to Business Line, Mr I.A. Modi, ... More
Madhusudan cancels EGM -- 51 pc stake sale to Duravit hangs fire
SWC has no plans to offload stake in beer, liquor business ACCOUNTING STANDARDS ICAI standards for joint ventures THE Institute of Chartered Accountants of India (ICAI) has issued new accounting standards for financial reporting of interests in joint ventures. The new standards will come into effect from April this year, according to a press release. The ... More COURTS/LEGAL ISSUES NJMC petition against tribunal award rejected THE Calcutta High Court has dismissed the writ petition of National Jute Manufacturers Corporation Ltd (NJMC), challenging the award of the National Tribunal adjudicating under Section 10 (1A) of the Industrial Dispute Act, 1947. The said ... More RESTRUCTURING Tata Engg writes off Rs 1,180 cr THE board of Tata Engineering on Wednesday approved a Rs 1,180-crore write-off from the value of investments and fixed assets. This will be adjusted against the surpluses in the Securities Premium Account. The approval is part of a financial ... More
Positive signs seen in M&M revamp move MERGERS & ACQUISITIONS Canara Bank, LIC to take CDSL stake GLOBAL Trust Bank, Canara Bank and Life Insurance Corporation are set to pick up stake in Central Depository Services (India) Ltd (CDSL). While GTB had announced some time back its intention to pick up a stake in CDSL, and even paid up Rs 7.5 ... More NEW PROJECTS Kyndal plans arm for knowhow sale SCOTTISH liquor major Kyndal Spirits Ltd, one of the largest producers of scotch whisky in the world with 9 per cent share of the global market, has decided to set up a wholly-owned subsidiary in India with an investment of $1 million. The ... More
REGULATORY BODIES & RULINGS DCA probing 6 Reliance cos THE Government has ordered the inspection of books of accounts and other records of six Reliance group companies, including the flagship Reliance Industries Ltd (RIL), based on a complaint by Mr Rashid Alvi, Member of Parliament, according to ... More ALLIANCES & JOINT VENTURES Alfa Laval in pact with 2 foreign cos for gasohol PUNE-BASED engineering company Alfa Laval has entered into a technological collaboration with two foreign partners to tap the evolving market for gasohol. The Managing Director, Mr Satish Tandon, said the company recently tied up with Katzen ... More
Satyam in alliance with Hummingbird
Tata Steel ties up with Nippon Steel
OmegaTech, Vasta in marketing pact
Kale Consultants-IATA pact for `CEO Cockpit' SICK UNITS Richardson & Cruddas revival scheme declared failed -- ICICI to advertise for change in management TAKING note of the fact that the ailing Richardson & Cruddas (1972) Ltd (RCL) and its promoter, Bharat Yantra Nigam Ltd (BYNL), have failed to revive the company under the sanctioned scheme of 1995, the Board for Industrial and Financial ... More OUTLOOK MphasiS hopeful of attaining targets SOFTWARE services and e-solutions firm MphasiS BFL Ltd expects to maintain the momentum in client acquisition as well as in volume growth in the current quarter, even as pricing pressure chokes scope to hike billing rates, the Chief Financial ... More PERFORMANCE Alembic's new drugs to account for 12% turnover THE Baroda-based Alembic Ltd, as part of its shift from acute diseases to chronic disease management, has lined up new drugs in diabetes, cardiac and nutraceuticals segments. Ms Malika C. Amin, Wholetime Director, told mediapersons that its new ... More PEOPLE 
IBP's Mathur hangs up his boots sans regretsMR S.N. Mathur, who resigned as the Chairman and Managing Director of IBP Co Ltd, now a subsidiary of the Indian Oil Corporation (IOC), is a much relaxed man today. "For the past one year or so, I have been trying hard to ensure the smooth ... More Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Feb. 10-Feb. 16 ChrysCapital buys 5 pc stake in NIIT -- Seeks FIPB nod for 10 pc more Schreiber to acquire 11 pc Britannia stake in Dynamix Open offers up despite fewer M&A deals Rashtriya Chem eyes 74% stake in SAIL unit RBI approves ADR/GDR re-issue VSNL enters Tata family Pechiney may bid for Nalco control Paradeep sold for Rs 151.7 cr TVS signs Sachin as brand ambassador |
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