Financial Daily from THE HINDU group of publications
Saturday, August 17, 2002
Markets (Aug. 16)
BL 2501076.13 (+8.27)
BSE Sensex3065.90 (+45.20)
S&P CNX Nifty979.25 (+9.60)
Dollar (Buy/Sell)48.53/48.66
Gold Std (10 gm)5190 (-30)

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Coke to shed 49 pc in Indian subsidiary — Major share to pvt investors, business partners
THE Coca-Cola Company's Indian arm, Hindustan Coca-Cola Holdings Private Ltd. (HCCH), today announced that it would divest 49 per cent of its equity in its wholly-owned subsidiary - Hindustan Coca-Cola Beverages Private Ltd. (HCCB) - through a ... More

ITC, Agro Tech settle Mantralayam row
ITC would take back the Mantralayam facility, which had been licensed to ATFL since September 1996 and ATFL would, over a five-year period from August 2002 to June 2007, make annual payments to ITC amounting to a total of Rs 43 crore. More

Monsoon revives — at last
FINALLY, the monsoon has really arrived, even if somewhat late for the kharif crop and a trifle too early for the coming rabi sowing season! The week ended August 14 has actually witnessed excess rainfall, with the aggregate area-weighted ... More

Wipro prunes net by Rs 18.6 cr on GEMS losses
WIPRO Ltd today announced revised results for the quarter ended June 2002, after taking into consideration "revised information" about its minority affiliate, Wipro GE Medical Systems (Wipro GEMS). Losses at Wipro GEMS were higher than ... More

Textile sector hamstrung by low quality: Study
THE Government's preferential treatment towards small-scale units, low labour costs, low quality inputs have confined the Indian textile industry to the small-scale sector, says an officially-sponsored study which analysed the competitiveness of ... More

Norms for banks funding PSU bidders eased
BANK financing for PSU disinvestment will now be outside the five per cent ceiling on capital market exposure. The, relaxation will, however, be subject to RBI clearance on a case-by-case basis. If a bank's capital market exposure in relation ... More

This NRI makes medicare a child's play
BE it video game-driven technology solution for helping juvenile diabetics ortechnology for handheld gadget for use by nurses in the rural heartlands of India, for Mr Vikram Sheel Kumar, a US-based Indian in his 20s, developing solutions that ... More

`I want to maintain LIC's market share'
UPPERMOST in the list of priorities of Mr Sunil Behari Mathur, the new Chairman of Life Insurance Corporation, is to maintain LIC's near-dominant position in the country's life insurance market. "I want to ensure that LIC retains its market ... More

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