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DCA
compounds offences of Reliance group firms
New Delhi: The Department of Company Affairs has
compounded offenses committed by various Reliance Group
companies for a total compounding fees of Rs 5.94 lakh.
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Cox
& Kings to consolidate southeast Asian operations
Mumbai: Cox & Kings India plans to consolidate
its business operations in the South East Asian countries.
The countries include Thailand, Singapore, Indonesia,
Malaysia, Maldives and Sri Lanka.
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NTPC
to charge Rs 100 crore for DPC upkeep
Mumbai: The state-run NTPC has communicated to
the IDBI and the MSEB that it proposes to charge a fee
of Rs 100 crore for the operation and maintenance of the
Dabhol project on behalf of the Bombay High Court.
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RoI
of private firms dip in 2001-02
Mumbai: There has been a marginal decline in the
return on investment in the private corporate sector during
2001-02.
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PSU
dividends total Rs 18,805 crore
New Delhi: The government cash registers have started
ringing with blue-chip public sector companies -- including
BPCL, IOC, Neyveli Lignite, BEL and Bhel -- announcing
hefty payouts.
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Old
economy CEOs get a 50% pay hike
Mumbai: The bosses at Corporate India are raking
it in, recession or no recession. Data on CEO salaries
for the year ended March 31, '02 indicates salary hikes
of 40-50% over that of '00-01.
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Fiat,
GM plan joint engine plant in state
Mumbai: Fiat and General Motors, the world's largest
automobile maker, are exploring the possibility of setting
up a powertrain-cum-engine plant at the Italian majors
facility in Ranjangaon, Maharashtra.
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Publicis
to close D'Arcy, leaves local arm in lurch
Mumbai: As the first fall-out of the Publicis-BCom3
merger, the operations of D'Arcy Masius Benton and Bowles
may soon fold up worldwide.
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Birlas'
shopping bill may add up to Rs 4,100 crore
Mumbai: The Aditya Birla Group could easily end
up spending more than Rs 4,100 crore on acquisitions over
the next 12 months, if all its current plans fructify.
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Grasim's
offer price for L&T is too low, say FIs
Mumbai: Financial institutions are unlikely to
participate in Grasim's open offer for L&T at the
current price, according to senior officials ET spoke
to.
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Marico
to market Mediker Oil nationwide
Mumbai: Marico Industries, the maker of Parachute
hair oil, is planning to market its newest brand Mediker
Oil nationally.
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Grasim's
plans may alter cement sweepstakes
Mumbai: Grasim's plans to augment its stake in
cement and engineering major Larsen & Toubro through
an open offer may hasten the consolidation drive in the
cement industry.
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BSNL
to connect villages on private basic companies' behalf
New Delhi: Telecom major Bharat Sanchar Nigam is
expected to come out with a concrete plan by December
that will allow private basic telecom operators to fulfil
rural uneconomic telecom obligations. The scheme will
also ensure BSNL takes over responsibility of connecting
villages and be reimbursed from the Universal Service
Obligation fund.
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Setback
for Cipla as US partner loses patent case
Mumbai: In a setback to Indian drugmaker Cipla,
a US court ruled late on Friday that Cipla's American
alliance partner Andrx Pharmaceuticals' version of blockbuster
ulcer drug Prilosec was patent infringing.
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Hathway-MEN
spat keeps India-West Indies match off air
Mumbai: DD Sports, Hallmark and Ten Sports, pay
channels distributed by the Modi Entertainment Network
(MEN), were off the air in parts of Mumbai and Maharashtra
since Thursday following a row between the cable network
Hathway Cable & Datacom and MEN.
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Grasim
to take 20% more in L&T
AV Birla group's flagship company, Grasim Industries,
is to pick up another 20-per cent stake in Larsen and
Toubro Ltd at Rs 190 per share aggregating Rs 945 crore
through the open offer route shortly.
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Bharti
gets DoT notice for alleged violations
New Delhi: THE Department of Telecommunications
has sought an explanation from Bharti Telenet Ltd. (BTNL),
the basic services arm of the Bharti group, for "illegally
routing national long distance calls" in violation
of its licence.
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MMTC
hosting gold expo
New Delhi: The super star trading house and a major
bullion trader, MMTC, is hosting an exhibition-cum-sale
event, showcasing a vast and intricate range of plain
gold, diamond and precious stone jewellery.
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Corporates
spreading AIDS awareness
Mumbai: Corporates in and around Chennai are becoming
proactive with AIDS awareness and are asking the YR Gaitonde
Centre for AIDS Research and Education to provide education
and training to their staff.
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