Financial Daily from THE HINDU group of publications
Thursday, June 27, 2002
Markets (June 26)
BL 2501113.38 (-12.34)
BSE Sensex3180.89 (-33.45)
S&P CNX Nifty1044.20 (-11.20)
Dollar (Buy/Sell)48.81/48.94
Gold Std (10 gm)5330 (+5)

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Petrol variant of Bolero soon
MAHINDRA & Mahindra Ltd is currently working on developing a petrol engine for its Bolero range of utility vehicles and is likely to launch the petrol variant soon. According to senior company officials, the petrol engine for Bolero is likely ... More

ICRA mulls equity in overseas cos
ICRA is contemplating to take equity stakes in rating firms in the neighbouring countries and the Gulf region. Mr P.K. Choudhury, MD, ICRA, said: "We have received offers from some of the rating agencies operating in these areas for equity ... More


Cadila not to raise offer price for German Remedies
CADILA Healthcare Ltd (CHL) has decided not to increase the offer price for German Remedies Ltd (GRL) which had been fixed at Rs 300 per equity share, said a company release here on Wednesday, the last day for any price revision. The scrip had ... More


Thermax to ring in `culture of performance'
BACK in the black, Thermax Ltd, the Pune-based energy and environment major, has trained its sights on managing employee performance. Starting next week, the company will unveil a performance management system. The system, which will initially ... More


Moody's willing to hike stake in ICRA
INTERNATIONAL credit rating agency, Moody's Investor Service today said it would consider buying other shareholders' stake in domestic rating firm, ICRA. "In case other shareholders of ICRA are interested in offloading their stake, we may ... More


Hyundai expanding capacity -- Chennai plant to be export hub for small cars
HYUNDAI Motor India Ltd has set in motion a programme to increase its capacity to 1,50,000 units a year, in the first phase, from the present 1,20,000 and also announced its intention to make its plant here the global export hub for small cars. ... More

BPCL to set up LPG bottling unit in Bangalore
BHARAT Petroleum Corporation Ltd (BPCL) is expected to develop a liquefied petroleum gas (LPG) bottling terminal in Bangalore with an investment of Rs 30 crore, the Union Minister for Petroleum and Natural Gas, Mr Ram Naik, has said. The ... More


BPCL issue may be priced at Rs 300
After the IPO, the stake is likely to come down further to about 57 per cent. But the Government has not ruled out the possibility of bringing down its stake in BPCL even below the threshold level of 51 per cent in this company. More

  • Hyundai IPO plan put off


    HLL gears to tap $1-b outsourcing business
    FMCG major Hindustan Lever Ltd (HLL) on Wednesday announced that it was gearing up for a $1-billion opportunity in outsourcing business from India and said it had suggested initiatives in this regard. "We have reformulated our approach to ... More

    Electrosteel aims high in DI pipes
    ELECTROSTEEL Castings Ltd (ECL), which recently acquired a 49-per cent stake in the Hyderabad-based Lanco Industries Ltd, a relatively new player in the field of ductile iron (DI) pipes, is now benchmarking itself against global ... More


    Ambani's condition still critical
    MR Dhirubhai Ambani, Chairman, Reliance Industries Ltd, continued to be in a critical state of health for the second consecutive day today. The 48-hour critical period cited by doctors yesterday would end late tonight, Mr. Ambani having been ... More

    Scribes, visitors swarm hospital
    MUMBAI's scribes fought a grey downpour and chilly breeze outside Breach Candy hospital while business tycoon, Mr Dhirubhai Ambani, continued to battle for his life in the hospital's intensive care unit for the second day in a row on ... More

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