Financial Daily from THE HINDU group of publications
Tuesday, February 12, 2002
Markets (Feb. 11)
BL 2501076.87 (+10.84)
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S&P CNX Nifty1131.55 (+7.80)
Dollar (Buy/Sell)48.68/48.80
Gold Std (10gm)4945 (-15)

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ANNOUNCEMENTS


Voltas clinches order to air-condition Queen Mary
VOLTAS, in association with an Italian company, has clinched the deal to air-condition the world's largest cruise liner, Queen Mary II. ``The time-bound project will be completed off Nantes in France and the ship would set sail by December ... More

L&T unit bags Tarapur contract
LARSEN & Toubro's (L&T) ECC Division has received a Rs 84.53-crore instrumentation order for the Tarapur Atomic Power Project (TAPP) Units 3 & 4. With this, the total value of the projects under execution by ECC for the two 500 MW units being set ... More

ACCOUNTING STANDARDS


ICAI favours rejection of qualified accounts
THE Institute of Chartered Accountants of India (ICAI) has written to the Department of Company Affairs (DCA), asking that the accounts of companies qualified by the auditors as violative of any accounting standard, be rejected by the Registrar ... More

CORPORATE BONDS


Arvind board okays debenture issue
THE board of directors of Arvind Mills Ltd, which met in Ahmedabad on Monday, approved the issue of up to 13 lakh secured optionally partly convertible debentures of Rs 500 each aggregating Rs 65 crore. This was against the issue of 10 lakh ... More

MERGERS & ACQUISITIONS


Schreiber to acquire 11 pc Britannia stake in Dynamix
THE US-based Schreiber International Inc has finalised plans to acquire Britannia Industries Ltd's (BIL) 11 per cent stake in the Baramati-based Dynamix Dairy Industries Ltd (DDIL). The move follows Britannia's decision to enter into a separate ... More

Dabur to expand pharma business thru buys
DABUR India Ltd (DIL), taking a cue from the trends in the pharma segment, is set to grow its own pharma business through the acquisitions route. With its recent acquisition of Bioved's Artrex brand - comprising arthritis and rheumatoid ... More

Herbicure rejects US co's offer
ONE of India's early biotech companies, Herbicure Pvt Ltd, has rejected Hawaii-based US biotech major, Cyanotech Corporation's offer to buy 26 per cent equity stake in the company. Meanwhile, the leading merchant banking firm, SMIFS Capital ... More

  • Asahi India acquires Floatglass stake

    CORPORATE GOVERNANCE


    Enron: US face-off takes curious turn
    THE outcome of the decision by the US General Accounting Office (GAO), the investigating arm of the Congress, to file a suit against the White House for information about the Bush Administration's energy task force meetings, is bound to be of ... More

    ALLIANCES & JOINT VENTURES


    QualCore, Sequence to set up tech centre
    QUALCORE Logic Ltd, a Hyderabad-based embedded solutions provider, and Sequence Design Inc, have come together to establish a system on chip (SoC) technology centre here. Sequence Design Inc, a Silicon Valley-based system on chip design ... More

    OUTLOOK


    Reva looking to ride high
    IN a depressed automobile market, which is crowded with several new petrol and diesel models, can an electric vehicle (EV) that costs Rs 2.48 lakh on road really make much headway? Especially in a market, where petrol versions are available at ... More

    i-flex sharpens focus on US
    AT a time when every Indian software company is derisking its business model by reducing its dependence on the US market, i-flex Solutions Ltd, a provider of services and products to the financial services sector, is sharpening its focus on the ... More

    PERFORMANCE


    `2001-02 could be worst for corporates in a decade'
    FOR the Indian corporate sector, fiscal 2001-2002 could turn out to be the worst year in at least a decade, the Centre For Monitoring Indian Economy Pvt Ltd (CMIE), has said in its latest monthly review. "The second and third quarter results ... More

  • Transco mops up extra revenue

    PEOPLE


  • Ordnance Factories gets new chief
    Scoreboard
    SE Diary
    Comments & Letters to the Editor to: bleditor@thehindu.co.in
  • Top Stories
    Schreiber to acquire 11 pc Britannia stake in Dynamix


    Indo-US talks to block terror funds

    Rabi prospects bright: CMIE

    Cellular subscriber base touches 5.72 m

    ARCs: Answer to bank NPAs?

    LIC offers loan for NHDP at 100 basis pts over G-Sec rate

    Export strategy 2002-07 -- Faltering ambitions, missing links

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Feb. 3-Feb. 9
    Companies fight shy of meaningful disclosures

    Some home truths about Chinese threat

    VSNL seeking lower `settlement' rate -- Overseas calls set to be cheaper

    Wipro campus recruits told to wait till 2003

    US accounting industry in for `major overhaul'

    Indian Oil set to acquire IBP

    Bajaj Auto aims to pip Hero Honda

    Tatas hit jackpot with VSNL

    Hyundai planning to come out with IPO

    UB set to soak South with latest buyout -- Snares GMR Vasavi, Empee

    Zuari-Chambal bids for Paradeep Phos


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