Financial Daily from THE HINDU group of publications
Tuesday, February 05, 2002

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Reliance hikes polymer prices
Polyethylene prices are up by Re 1 to cost Rs 39 per kg, polypropylene is up Rs 1.50 per kg to Rs 37.75 per kg while polyvinyl chloride is up Re 1 per kg to Rs 32.05 per kg. Of fibre intermediate products, polyethylene terephthalate prices are ... More

Fiat increases prices of Palio models
FIAT India Pvt Ltd on Monday announced that its soon to be launched model, `Palio Sport', will be priced at Rs 4.38 lakh (ex-showroom Delhi). The model's commercial launch is scheduled for the third week of this month with deliveries commencing ... More

SCI to trim Govt debt with loan from BoB
SHIPPING Corporation of India (SCI) has struck a 5-year loan deal worth Rs 200 crore with Bank of Baroda at an interest rate of 8.75 per cent to pre-pay part of the Rs 250-crore outstanding Government loan prior to disinvestment. ``The loan ... More


US accounting industry in for `major overhaul'
WITH public confidence in corporate financial disclosures hitting rock bottom after the Enron crash, the accounting industry in the US, found wanting in satisfactory self-regulation, has initiated a massive damage-control exercise. Thus, the ... More

Arthur Andersen in another mess
`Yes. We've lost business. But we will survive. People know us. People respect us. Will we lose business? Absolutely,' says the CEO of Arthur Andersen. More


Corporates may have to pay more for insurance cover
INSURANCE costs for corporates in the country are expected to escalate when premiums come up for renewal for the next financial year. An indication of this trend was available at the bidding for units one and two of the Raichur Thermal Station of ... More


Maruti unveils Versa in super deluxe version
MARUTI Udyog (MUL) has launched a spruced up super deluxe variant of the Versa, the multi-purpose vehicle (MPV) that the company launched late last year. The new Versa SDX is now being readied for an all-India launch. This is the top-end ... More


EPCOS to relocate more facilities to India
EPCOS AG, a leading player in the passive electronic components market, is planning to relocate more of its manufacturing facilities from Europe to India. Mr Klaus Ziegler, Chairman, EPCOS, said the company intended to expand the production ... More


Indian Oil set to acquire IBP
INDIAN Oil Corporation (IOC) is set to acquire a controlling stake in the State-owned petro marketing company, IBP Ltd, according to sources. This follows the Monday meeting of the Committee of Secretaries on Disinvestment, during which the ... More


Manufacturing facilities in India -- Heraeus Kulzer plea for more time turned down
DENTAL products manufacturer Heraeus Kulzer Dental India Pvt Ltd's proposal seeking more time for setting up its manufacturing facilities in the country has been shot down by the Government. The company had sought an extension of the validity ... More

Best Western plans more hotels in India
BEST Western International hopes to have at least 30 mid-budget hotels in India by 2003, up from the existing 17. "We hope to be the largest international hotel chain in the region with 45 hotels, including 30 properties in India by 2003,'' the ... More

Royal Dutch seeks extension of Hazira pact
THE Royal Dutch Shell group of companies, which is setting up the $190-million (Rs 893-crore) LNG import and regassification terminal at Hazira in Gujarat, has sought the Foreign Investment Promotion Board's (FIPB) nod for the extension of its ... More

L&T eyeing IT ventures in Gulf region
LARSEN and Toubro is foraying into the information technology field in West Asian and has recently opened an office at the Hamriyah Free Zone in Sharjah that will serve as a hub storage area for its operations in the Gulf. Mr K. A. Shyam ... More


IPCL exit price from GE Plastics at Rs 49.03 cr
INDIAN Petrochemicals Corporation (IPCL) has set Rs 49.03 crore as the exit price from GE Plastics India (GEPI), its 50:50 joint venture with GEPE, Netherlands — a 100 per cent subsidiary of GE, US. The negotiated price between the two ... More

Wind screen claims -- Shield Autoglass teams up with IFFCO-Tokio Marine
SPECIALITY glass repair and replacement company, Shield Autoglass Ltd, (SAL) has tied up with IFFCO-Tokio Marine for settling insurance claims related to wind screens, Mr Ratish Ramanujam, Chief Operating Officer, said on Monday. SAL which ... More

HAL to go civil with Boeing
THE Rs 2,460-crore Hindustan Aeronautics Ltd (HAL) will finally be able to make a major foray into the civil aviation sector with the prestigious project it won recently from Boeing. Known more as a Defence sector PSU, the aerospace major has, ... More

Fortune Info, NRG ink marketing deal
FORTUNE Informatics Ltd (FIL), the Hyderabad-based software products company specialising in the document management space, has entered into a marketing arrangement with the 1.3-billion euro global hardware major, NRG International Ltd - the ... More


  • CAs must help in cost-cutting, says Jaitley


    Becton scouts for biotech opportunity
    BECTON Dickinson India — having recently got on board the Union Government's immunisation programmes with its auto-disposable (AD) syringes — is keenly eyeing the emerging biotech (BT) opportunity in India. BDI is a wholly-owned ... More


    RINL forges ahead of other steel units
    FROM being very close to getting ensnared in the BIFR net after suffering more than 50 per cent equity erosion, Rashtriya Ispat Nigam Ltd (RINL), the corporate entity of Vizag Steel Plant (VSP), is today forging ahead to post the best ever ... More
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