Financial Daily from THE HINDU group of publications
Friday, June 07, 2002
Markets (June 6)
BL 2501123.33 (-3.24)
BSE Sensex3259.31 (+3.79)
S&P CNX Nifty1064.35 (+0.14)
Dollar (Buy/Sell)48.97/49.10
Gold Std (10 gm)5350 (-50)

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MODERNISATION


Kochi Refineries appoints French firm to draw up upgradation plan
TO take on the challenges of the liberalised and globalised petroleum market, Kochi Refineries Ltd is contemplating further quality upgradation and modernisation of its refining process. "We have appointed Axens, the French petroleum ... More

ANNOUNCEMENTS


Dr Reddy's to step on R&D gas
DOMESTIC pharma major Dr Reddy's Laboratories has decided to increase its annual spend on research and development (R&D) to eight per cent of its turnover from six per cent last year. The decision assumes significance as it is the highest ... More

Johnson Wax to market HLL's cleaning products
AS a fallout of the global acquisition of Unilever's DiverseyLever business by S.C.Johnson Commercial Markets (CMI) Inc., the Hindustan Lever Ltd's cleaning products handled by the Daman-based DiverseyLever Division will now be marketed in India ... More

SAIL hikes prices again; to give e-auction a try
STEEL Authority of India Ltd (SAIL) has announced another round of increase in the prices of both flats and long products, making it the third hike in the current fiscal year. The prices are effective June 1. Sources told Business Line ... More

Voltas Intl bags Abu Dhabi contract
VOLTAS International of India has bagged a $54-million contract from the Abu Dhabi Government to build a central cooling plant and infrastructure for the Conference Palace Hotel, being built to host the Gulf Cooperation Council (GCC) meeting in ... More

  • Sun Micro bags major order from Tata Tele

    BUYBACK


    Godrej Foods EGM to seek nod for buyback
    GODREJ Foods Ltd has convened an extraordinary general meeting of its shareholders on July 2 at Bhopal to seek their approval for the proposed scheme of purchase of shares. In a notice to its shareholders, the company has cited incurring losses ... More

    ACCOUNTING STANDARDS


    SMEs urged to take up ICAI-prescribed norms
    SMALL and medium enterprises (SMEs) in India, many of which operate in emerging sectors, need to pay special attention to accounting standards prescribed by the Institute of Chartered Accountants of India (ICAI). This was stated here by Mr ... More

    MERGERS & ACQUISITIONS


    GE Intl gets nod to take 100 pc stake in Bently
    THE Foreign Investment Promotion Board (FIPB) has permitted US-based General Electric International Operations Co Inc to buy out 100 per cent stake in Bently Nevada (Sales & Services) Ltd (BNSSL), through the Mauritius route. BNSSL is a ... More

  • Moody's to pick Vysya Bank stake in ICRA

    NEW PROJECTS


    Xechem International to set up Chennai facility
    XECHEM International Inc, a New Brunswick, New Jersey-based company engaged in the manufacture of anti-cancer compounds and drugs using medicinal plants and trees, plans to set up a facility at Siruseri, on the southern outskirts of ... More

    REGULATORY BODIES & RULINGS


    Violations by individual members: ICWAI
    THE Department of Company Affairs (DCA) is examining the response of The Institute of Cost and Works Accountants of India (ICWAI) to the show-cause notice issued to the institute's council for violation of some Government's directives. Official ... More

    OUTLOOK


    Tata Engg hopes to double passenger car revenues
    TATA Engineering, which reported on Wednesday a net sales/income from operations of Rs 8,894.80 crore in 2001-2002, with an income ratio of 55:45 between its commercial vehicle and car operations (65:35 in 2000-2001), seeks to double its ... More

    Aventis Pharma hopes on higher turnover growth
    AVENTIS Pharma is expecting a double digit growth rate in turnover in the current financial year 2002. At an analyst meet here, Mr Ramesh Subramaniam, Managing Director, Aventis Pharma, said that the company is expected to grow far more than ... More

    PERFORMANCE


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  • Top Stories
    Central Bank net up at Rs 163.3 cr -- Plans Rs 300-cr IPO this fiscal


    IT sector recovery in 2003: IDC

    West coast ports are `unsafe destinations' -- Insurers impose war-risk premium on foreign ships

    Projects facing time overruns must be treated as NPAs: RBI

    Not much difference in FDI flows to India, China: IFC

    Uncle Sam to look over students' shoulders

    US-Russia: The new entente

    In Depth
    Gender Justice
    Simple Economics
    Guide to derivatives

    Looking back
    May. 26-Jun. 1
    Akzo Nobel sets up global R&D centre near Bangalore

    Maruti will remain Indian: Suzuki

    Beating the Recession -- I: Testing times, trusted production values

    Reckitt Benckiser seeks nod to buy out Indian arm

    `GSPC is moving up the value chain'

    Grasim ups stake in L&T by 2.84%


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