Financial Daily from THE HINDU group of publications
Tuesday, December 31, 2002
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Financial Daily from THE HINDU group of publications Tuesday, December 31, 2002 |
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CORPORATE ANNOUNCEMENTS CORPORATE DISPUTES 
Polaris to write off $1 m on `Indonesian safari' — Board for legal action against Bank Artha GrahaPOLARIS Software Lab Ltd plans to write off about $1 million on the Bank Artha Graha-related expenses. This included about $6,60,000 Polaris got from the bank for the order and legal expenses, Mr Arun Jain, Chairman and Managing Director and CEO, ... More OVERSEAS BORROWINGS Zee shares to be pledged with CSFB — Subhash Chandra to raise $40-m loan via OCB IN a major move to raise funds, the Subhash Chandra group has finalised plans to pledge equity shares of Zee Telefilms Ltd with the Zurich-based Credit Suisse First Boston Corporation (CSFBC) for a three-year term loan of $40 million. According ... More AUDITING `Fixing' audit reports may no longer be easy IMPERSONATING an auditor for signing the financial statements of enterprises may now not be all that easy, with the Institute of Chartered Accountants of India (ICAI) making it mandatory for an auditor to mention the membership number along with ... More RESTRUCTURING Gestetner board okays revamp plan for Nasik plant THE board of directors of Gestetner India Ltd has accorded permission to the company's Managing Director to take any measure for restructuring, including closure of manufacturing operations at Nasik. The restructuring process is expected to ... More MERGERS & ACQUISITIONS Oppenheimer buys 12.6% stake in SB&T OPPENHEIMER Funds has acquired from the market 16.98 lakh equity shares of jewellery manufacturer SB&T International, representing 12.58 per cent of the company's capital, an official statement said. "Leading institutional investors have shown ... More
Polaris board okays merger with Orbitech NEW PROJECTS LG plans to invest $7 million in life science venture THE Korea-based LG group has finalised plans to invest approximately $7 million in its Indian life science venture, LG Life Science India Pvt Ltd. The company has recently received the approval from the Foreign Investment Promotion Board (FIPB) ... More ALLIANCES & JOINT VENTURES Tata TD to leverage on third-party synergies DIAMONDS may be an investor's best friend in more ways than one, a fact that seems to have attracted Tata TD Waterhouse Securities. The joint venture between the Tatas and the Canadian investment group has roped in a top player in Mumbai's ... More INTERVIEW `Feedback on Bt cotton from farmers has been positive' - Mr Sekhar Natarajan, Managing Director, Monsanto India We have never seen the lack of patent protection as a major hurdle in launching new products. In fact, we hold Indian registrations for almost the entire complement of products held by our parent and generally do not hold back any brand from our pare nts' portfolio. More OUTLOOK Cognizant bullish on healthcare practice Currently, Cognizant addresses the three key drivers in the healthcare industry — which encompasses quality care, administrative efficiencies and compliance and provides the entire range of solutions to all the players. More
Tata Steel to focus more on sustainable development NEW PRODUCTS & SERVICES IOC launches high-end fuels in Kolkata INDIAN Oil Corporation (IOC) today launched two new branded petro-fuels in Kolkata, Durgapur and Siliguri. The branded petrol is called IOC Premium while the branded high speed diesel has been christened Diesel Super. To begin with, the branded ... More
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Top Stories In Focus Inside China Stock scam unravelling Red signal for Chinese silk Petrol pump controversy Kelkar Report In Depth Gender Justice Simple Economics India Interior Consumer Notes Looking back Dec. 22-Dec. 28 New fuel-efficient engine from Audi? SEBI allows 500 more cos to file documents electronically Car care centre goes extra mile to woo customers Body blow to body shopping by CAs |
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