Automobiles
Ministry studies impact of Maruti sell-off on suppliers -- ACMA not worried on scenario
EVEN as the Cabinet Committee on Disinvestment (CCD) is working on a report outlining the route the Government should adopt for divesting its equity in Maruti Udyog Ltd (MUL), the Ministry of Heavy Industry is evaluating the possible fall-out of the prop
osed disinvestment on the component manufacturers and suppliers of the country's largest passenger car manufacturer.
Corporate
Goodlass plans internal revamp
GOODLASS Nerolac Paints Ltd is planning an internal reorganisation, according to Mr T.R. Venkatesh, Managing Director.
Revival recipe for MCFL sanctioned
THE Board for Industrial and Financial Reconstruction (BIFR) has sanctioned a rehabilitation scheme for Mangalore Chemicals and Fertilisers Ltd (MCFL), promoted by UB Group. Also, the Industrial Development Bank of India (IDBI) has been appointed as the
monitoring agency (MA) to review the progress of implementation of the sanctioned scheme.
Said to take over as Pfizer India MD
MUMBAI: Mr Hoeine Sidi Said is to take over as the new Managing Director of Pfizer India Ltd with effect from January 1, 2001. The decision was taken at the board of directors meeting held on Thursday.
Miscellaneous
Public schooling, the swadeshi style
THEY are 15 wisemen of the industry. And they have got together neither to set up an industry nor lobby with the Government for a common cause. They have come together to preserve national heritage.
PSU
Draft rehab scheme for Southern Ferro circulated
BASED on the report submitted by the Industrial Development Bank of India (IDBI), a draft rehabilitation scheme (DRS) has been circulated by the Board for Industrial and Financial Reconstruction (BIFR) for Southern Ferro Ltd (SFL).
Petroleum
Refinery margins under pressure
AS the spread between the cost of crude and product prices has narrowed down sharply during the past one year, the margins of most refineries have come under pressure, eroding their profitability.
Stocks
Malegam panel gives go-ahead for disclosures during trading hours
THE Y.H. Malegam Committee on Accounting Standards has given the go-ahead for allowing companies to disclose material information during trading hours. It has further recommended that the financial results of the company should be disclosed in the same m
anner.
Taxation
`Retain specific duty structure on tobacco'
THE Tobacco Institute of India (TII), a representative body of tobacco exporters and cigarette tobacco sector of the tobacco industry in the country, has called for the retention of specific duty structure and the existing duty rates on tobacco and tobac
co products in the forthcoming Budget.
Textiles
Reduce excise duty on cotton yarn: PDEXCIL
THE powerloom industry has urged the Government to reduce the excise duty on cotton yarn in a bid to stay competitive in the international market.
