Financial Daily from THE HINDU group of publications
Tuesday, April 16, 2002
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Hind Lever sales dip 10 pc, net rises 26 pc in Q1
FMCG major Hindustan Lever Ltd (HLL) today reported a 26.2 per cent rise in net profit to Rs 428.54 crore for the first quarter ended March 31, 2002, as against Rs 339.53 crore in the year-ago period. This includes exceptional income of Rs ... More

Kotak Mahindra to merge four arms with itself
KOTAK Mahindra Finance Ltd (KMFL) has decided to merge four of its investment firms with itself before converting into a bank. KMFL's is one of the two proposals recently cleared by the Reserve Bank of India for setting up private sector banks. ... More

Manipal group to shut down NBFC arms -- Restructuring plans for repayment of deposits
THE Manipal group plans to exit non-banking finance business by shutting down its three subsidiaries — Maha Rashtra Apex Corporation Ltd (MRAC), Canara Nidhi Ltd (CNL) and Manipal Home Finance Ltd (MHFL). The group has requested the ... More

Elf Gas acquires Mobil Peevees' LPG business
ELF Gas India Ltd (EGIL), the fully owned subsidiary of the French petroleum major TotalFinaElf, has acquired the marketing and bottling activities of the Mobil Peevees Company Ltd's (MPCL) liquefied petroleum gas (LPG) business. Following the ... More

DCA exempts FIs from DRR provisions
THE Department of Company Affairs (DCA) has decided to exempt all-India financial institutions, regulated by the RBI and banking companies, from the provisions of debenture redemption reserve (DRR). This exemption is for both public as well as ... More

`Mahajan effect' speeds up village telephony
THE Union Communications Minister, Mr Pramod Mahajan's warning to Bharat Sanchar Nigam Ltd (BSNL) and the private basic operators to deliver on their targets of providing village public telephones (VPT) seems to be having an impact. As per the ... More

HDFC Bank fourth-quarter net up 38 pc at Rs 90 cr
HDFC Bank Ltd has recorded a 37.7 per cent growth in net profit at Rs 90.24 crore for the fourth quarter March 31, 2002, as compared to Rs 65.54 crore in the corresponding period in the previous year. "The bank's performance is in line with ... More

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Top Stories
Turbo-charged mobikes save auto sector blushes in 2001 -- Q4 sales surge rescues cars

`Mahajan effect' speeds up village telephony

`India second largest market for VC funding'

Kotak Mahindra to merge four arms with itself

SCI asked to put investment decisions on back-burner

Hind Lever sales dip 10 pc, net rises 26 pc in Q1

In Depth
Inside Kashmir
Guide to derivatives
Looking back
Apr. 7-Apr. 13
Close end redemptions may drain UTI coffers

WHO's new mantra: Put on your jogging shoes

TN to push for number one position in FDI flow

Manu Chhabria dead

MFs can invest 4 pc of assets in foreign papers -- SEBI fixes individual limit at $50 m

Norms for dividends sans depreciation under study

Bharti makes an international call

Govt set to distance itself from UTI, give up powers -- Act amendment on the cards

Direct tax mop-up falls short of target

Rajasthan tax plays havoc with Gujarat gold trade -- Business drops 50 pc to Rs 6,000 cr

IT is still highway as far as jobs go

SEBI to decide on UTI schemes shortfall issue

Infosys posts 37 pc growth in revenue -- Net up 28.5 pc; to pay Rs 20 total

Suzuki set to take control of Maruti with 56% stake -- Rights issue renunciation almost finalised

FII investment in telecom to be outside FDI cap

I-T rules on perks to be eased further

UTI team to examine audit reports of 9 cos

It's a different `dot' game

Ranbaxy UK arm a problem child?

MRPL may go into Reliance fold -- Birlas, HPCL in talks to shed part of stake

3 key Budget proposals being reviewed by Govt

EPF trustees stick to 9.5 pc

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