Financial Daily from THE HINDU group of publications
Thursday, July 18, 2002
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BL 2501115.68 (-10.08)
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Clouds over crop area — Kharif sowing toll heaviest for soya
The country may have to import substantial quantities of pulses and edible oils this year to meet its consumption requirement, which even in normal years exceeds indigenous output. More

DCA expands probe into Xerox Modicorp — Moves CLB to look into fraudulent dealings
THE noose is tightening around Xerox Modicorp Ltd with the Department of Company Affairs (DCA) today widening its ongoing probe by moving the Company Law Board (CLB) to seek its assent to investigate whether the company had indulged in fraudulent ... More

I-T Department conducts raids
THE Income-Tax Department has conducted raids in several offices of Xerox Modicorp for alleged tax evasion. The income-tax raids on 26 premises of the Xerox Modicorp comes a fortnight after the US-based Xerox Corporation's filing to the US ... More

Rs 84-cr IFC package for Mahindra firm
THE Washington-based International Finance Corporation (IFC) has signed an agreement with Mahindra and Mahindra Financial Services Ltd (MMFSL) to provide a finance package of Rs 84 crore for the company. The package will consist of a ... More

Bajaj mediators may not get down to work now
EVEN as the four Bajaj seniors have decided to keep off the press till the family dispute is solved amicably, sources close to the family today indicated that it could be another month before the two mediators are finalised. Confirming the ... More

LIC hikes ad budget to Rs 110 cr
THE Life Insurance Corporation has drawn for itself an ad budget for Rs 110 crore, the corporation's Current-in-charge and Managing Director, Mr A. Ramamurthy, told Business Line today. "Last year, we spent about Rs 80 crore. This year ... More

Pimples? Just call an Agony Aunt
CHUBBY (or was it rosy?) cheeks, dimpled chin ... You probably can't acquire a dimple on your chin now unless you have cosmetic surgery, but cheeks bursting with health are not far off, as this helpline would have you believe. Bright red ... More

Hughes prunes net loss
MUMBAI: Hughes has reported a net loss of Rs. 29.7 crore for the first quarter ended June 30, 2002. This is marginally lower than the net loss of Rs. 30.4 crore reported during the corresponding quarter of the previous year. It ... More

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