Financial Daily from THE HINDU group of publications
Saturday, January 26, 2002
Markets (Jan. 25)
BL 250989.52 (-4.56)
BSE Sensex3332.30 (-25.49)
S&P CNX Nifty1080.10 (-5.20)
Dollar (Buy/Sell)48.31/48.44
Gold Std (10gm)4660

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Nicholas buys ICI's drug business for Rs 70 cr
PHARMACEUTICAL major Nicholas Piramal India Ltd (NPIL) has acquired the pharmaceutical business of ICI (India) Ltd for Rs 70 crore in an all-cash deal, on a going concern basis. The amount includes Rs 14 crore towards acquiring net current ... More

Report to us first on tariff plans, says TRAI
With competition in the cellular and basic services hotting up, the operators have been vying with each other to publicise the massive cuts in tariffs that they have been incorporating. However, in their hurry to get noticed, they have been ... More

Ashok Leyland Q3 net down 30 pc
ASHOK Leyland has reported a 30 per cent drop in net profit at Rs 13.51 crore for the quarter ended December 2001, against Rs 19.38 crore in the same period the previous year. For the nine-month period ended December 2001, the company's net ... More

L&T posts 63 pc rise in Q3 net profit
LARSEN & Toubro Ltd (L&T) has reported a 63 per cent rise in net profit at Rs 54.51 crore for the third quarter ended December 31, 2001, as against the previous corresponding Rs 33.29 crore. Net sales/income from operations was Rs 1,923.03 ... More

Banks eye food credit to boost CD ratio
PUBLIC sector banks are plugging hard for food credit this year in a bid to push up credit deposit (CD) ratio and boost the average yield on assets. Banking sources said it was not just the public sector banks that were seeking higher ... More

SEBI approves cum-dividend for open offers
THE Securities and Exchange Board of India (SEBI) has approved a proposal to revise the open offer pricing norms to factor in cases of special dividend. The open offer pricing norm will now be on a `cum-dividend' basis, according to officials. ... More

ACC reappoints Nambiar as MD
ASSOCIATED Cement Companies Ltd (ACC) at its meeting held here today reappointed Mr. T.M M. Nambiar as Managing Director for a further period from June 1, 2002 to November 30, 2002, the BSE was informed on Friday. Mr. M.L. Narula, Wholetime ... More

Comments & Letters to the Editor to:

Praxis New!

Top Stories
Firm policy needed to revive economy: Manmohan

Groupe Danone to take fully-owned arm route

Nicholas buys ICI's drug business for Rs 70 cr

Corporate lending norms for PDs tightened

Tea exporters to get market growth assistance

Pvt sector to be in N-power field

In Depth
Inside Kashmir
Guide to derivatives
Looking back
Jan. 13-Jan. 19
Motorola, HP may strike deals with Reliance Comm

`Pak must walk the talk'

Plan for submarine repair yards

International long-distance for domestic cos -- DoT prescribes Rs 25-cr entry fee

Tatas, Hughes call off talks for basic merger

Modest hike in rail fares likely

Banks may `lose interest' in cos

Maruti second stage sell-off deferred

Role for foreign airlines in management -- FDI in aviation may be hiked to 49 pc

US-64 outperforms Sensex with NAV

Wipro posts 17 pc rise in Q3 net

Bank privatisation efforts faltering

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