Financial Daily from THE HINDU group of publications
Friday, May 17, 2002
Markets (May 16)
BL 2501159.13 (-3.40)
BSE Sensex3355.61 (-39.98)
S&P CNX Nifty1092.80 (-15.00)
Dollar (Buy/Sell)49.01/49.14
Gold Std (10 gm)5150 (+20)

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Same Deutz-Fahr set to launch new tractor range
SAME Greaves Tractors Ltd, to be renamed as Same Deutz-Fahr India (P) Ltd, will shortly launch tractors with 42 HP, 60 HP and 70 HP capacities. The company will focus on the upper middle and top end of the tractor market in the country. (It may ... More

BMW testing waters for local facility
BMW, specialising in premium and luxury car models, is not averse to a production plant in India. The company, which two years ago put such a plan on the backburner on the grounds that the time was not ripe to embark on such a venture, is now ... More

Rover team at Tata Engg
TATA Engineering and British automobile manufacturer, Rover, earlier reported to be exploring avenues for the Indica's export to UK, have followed up initial talks with visits to each others' facilities. While senior Tata officials made a ... More

  • Tata Steel pays 40 pc


    HC order on CESC tariff hike: Mixed reaction from chambers
    THERE were mixed reactions from city-based industry chambers to the Calcutta High Court's verdict allowing the power utility CESC Ltd to increase tariff by 16.5 per cent. While the Bharat Chamber of Commerce and Indian Jute Mills Association ... More


    Carborundum net slips to Rs 21.52 cr
    CHENNAI: Carborundum Universal Ltd has reported a net profit of Rs 21.52 crore for 2001-02, down from Rs 23.20 crore in the previous year. The board has recommended a dividend of Rs 7.5 per share (75 per cent). The turnover slid to Rs ... More


    Idea Cellular raises Rs 1,790-cr loan
    IDBI had been able to arrange Rs 1,790 crore as syndicated loan for the mobile telephony services company, Idea Cellular. This includes a loan of Rs 400 crore from IDBI itself. The other major lenders are IDFC (Rs 250 crore); LIC (Rs 250 ... More

    Indo Rama board okays demerger of spun yarn unit
    THE board of directors of the Rs 1,900-crore Indo Rama Synthetics (I) Ltd today approved a proposal to demerge the spun yarn business of the company into a separate new company. The board approval for the de-merger is, however, is subject to ... More


  • Commercial paper


    Amex seeks FIPB nod to buy out Tata stake in TFAL
    AMERICAN Express International Inc (Amex) has sought permission from the Foreign Investment Promotion Board (FIPB) for buying out the entire stake held by the Tatas in the joint venture company Tata Finance Amex Limited (TFAL) and make it a ... More


    Gujarat Guardian plans Rs 700-cr glass unit
    GUJARAT Guardian Ltd, the 50:50 joint venture between the Modi group and Guardian Industries Corporation of the US, may build a new plant in 2004-05 at a cost of Rs 700 crore. According to Mr Alok Kumar Modi, Joint Managing Director, the ... More

    Super Spinning's `backward' move for farm-to-garment link
    THE city-based Super Spinning Mills Ltd, the Rs 300 crore turnover textile company, claims to be the first textile enterprise in the South to achieve the `farm-to-garment' link to give total integration to its cotton textile manufacture. The ... More


    Mojj Engg in tie-up with ICM for fuel ethanol plant
    PUNE-BASED Mojj Engineering Systems Ltd, engaged in design and engineering of turnkey projects, has joined hands with the US-based ICM Inc for design and turnkey supply of fuel ethanol plants based on molecular sieves technology. This is a ... More


    Number-crunching the Maruti deal
    NOW that the Government's disinvestment programme in Maruti Udyog Ltd (MUL) is through with the announcements made on Tuesday, the company's financials merit a closer look. The Government, till now, an equal equity partner in the joint venture ... More


  • Amarinder steps down from Ranbaxy board
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  • Top Stories
    Calcutta HC alters stay on jute packaging order

    Guindy estate: Mirroring the decline of SSIs

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    Plea to remove farm sector from WTO purview

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    In Depth
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    May. 5-May. 11
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    Maruti to insure own vehicles -- Ties up with Bajaj-Allianz, NIC

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