Financial Daily from THE HINDU group of publications
Wednesday, May 08, 2002
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Financial Daily from THE HINDU group of publications Wednesday, May 08, 2002 |
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CORPORATE ANNOUNCEMENTS Thapar group co shelves greenfield coal ventures KARAM Chand Thapar & Bros. (C.S.) Ltd of the Thapar group has shelved its plan to set up greenfield coal projects as joint ventures. The decision follows the Centre's inability to amend the Coal Mines Nationalisation Act allowing the private ... More PRIVATE PLACEMENT Compudyne to raise Rs 25 cr via pvt placement MULTIMEDIA and software developer Compudyne Winfosystems Ltd plans to raise Rs 25 crore through privately placing a part of its equity with financial institutions and overseas corporate bodies. Accruals would be used to fund its new ... More CORPORATE DISPUTES MTNL blames ITI for Dolphin woes The company has told DoT that it may be reviewing its contract with ITI, in view of its detrimental impact on its cellular operations. More AWARDS & HONOURS COURTS/LEGAL ISSUES Philips told to convene EGM on June 19 MR Justice G.C. Gupta of the Calcutta High Court on Tuesday ordered Philips India Ltd to hold a meeting of its shareholders on June 19 at the Science City Auditorium, Kolkata, for the purpose of considering the proposed scheme of amalgamation of ... More ACCOUNTANCY Govt may dissolve ICWAI council; sends notice THE Central Government has issued a notice to the council of the Institute of Cost and Works Accountants of India (ICWAI) for violation of some of its directives. "We have issued this notice under Section 35 of the ICWAI Act, 1959, which allows ... More MERGERS & ACQUISITIONS Friday Corp acquires VANS Info FRIDAY Corporation, a Delhi-based content aggregating company, has said it has acquired the business information division of VANS Information Ltd in an all-stock deal. According to Mr Vishal Dhar, CEO of Friday Corp, VANS Information Ltd will ... More
ALLIANCES & JOINT VENTURES BHEL joins hands with German co BHARAT Heavy Electricals Ltd (BHEL) has entered into a technical collaboration agreement with Turbo Luftechnik GmbH (TLT), Germany, for acquiring technology to design and manufacture high-efficiency fans used in 660 MW super-critical power ... More INTERVIEW 
`Alcaast buy to boost Wellwin profitability by 20 per cent'"Currently, Wellwin Industry is rated as "AAA" account by Bank of India, charging 13.25 per cent interest on fund based working capital facilities. We have been insisting on them to rate our company as a "PLR company" and charge only 12.5 per cent." More EXPORTS & IMPORTS Growell, Mitcon join hands WITH an intention of taking IT education in Marathi to all schools in Maharashtra, Growell IT'Skool, providers of IT learning solutions for children in the age group of 3-16, has joined hands with MITCON Ltd. The companies have launched `e ... More DIVERSIFICATION JK plans to enter insurance broking WITH the insurance industry set to witness the entry of brokers for the first time, JK Industries of the Hari Shankar Singhania group has drawn up elaborate plans to enter the insurance broking business with a proposed initial investment of about ... More OUTLOOK India Inc views long term with greater optimism INDIAN businesses may find the `near term' rather daunting, what with the heightened competition and a squeeze on profit margins. But they well might be viewing the `long term' with greater optimism. Or so it would seem, if the fact of their ... More
Zensar sees gains from BPO foray -- Strategic alliances on cards
SAP India bullish on small and medium biz
Tata Steel: New mantra, new rituals PERFORMANCE Ashok Leyland: Other income to the rescue ASHOK Leyland's (ALL) performance in 2001-02 is a repeat of the now all-too-familiar story of a robust fourth quarter compensating for the dull report card in the earlier three. Indeed, from a loss of Rs. 9.40 crore in the first quarter of ... More
Hyundai April sales rise 4.5% PEOPLE Budhiraja resigns from DPC board THE troubled Dabhol Power Company (DPC) today lost the last member representing domestic interest on its board of directors with Mr Ravi Budhiraja, Principal Secretary (Energy and Environment), Maharashtra, resigning from the board. Six ... More Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Apr. 28-May. 4 `Usha Intl making the most of China factor' DoT, FIs may oppose Batata-BPL merger IOC, Reliance, Nirma bid for IPCL stake Safeguards likely in SEBI's search & seizure powers Colour dot labels for cosmetics in, drugs out M.S. Oberoi dies at 103 Andersen partners join Ernst & Young -- Business consulting kept out Cement sector output crosses 100-mt mark |
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