Financial Daily from THE HINDU group of publications
Thursday, October 10, 2002
Markets (Oct. 9)
BL 2501019.30 (-6.13)
BSE Sensex2956.89 (-16.46)
S&P CNX Nifty954.75 (-6.05)
Dollar (Buy/Sell)48.29/48.41
Gold Std (10 gm)5240 (-30)

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Corporates see merit in spirit of charity
THE spirit of charity is thriving within the business community. Or so it would seem if recent Government approvals for tax deduction in computing profits is anything to go by. Data collated over the last 20 months shows that the National ... More

Smaller PSUs being lined up for divestment
The Ministry will soon approach the Core Group on Disinvestment with proposals to privatise Hindustan Shipyard, Cochin Shipyard, Central Inland Water Transport Corporation and Ircon. More

Berger to buy Snowcem paints business — Due diligence process to be taken up soon
BERGER Paints India Ltd has entered into an agreement with Snowcem India Ltd for formally beginning an acquisition process of the latter's interior and exterior paints business. Confirming this to Business Line here today, Mr S.K. ... More

Stronger strokes in decorative paints
THE acquisition of the paints business of Snowcem India by Berger Paints would provide the latter with a stronger presence in the decorative paints segment. The paint industry has been growing at 7-8 per cent per annum. Within the industry, ... More

BSNL contests TRAI fiat on nod for cell tariffs
BSNL has argued that since the other operators have segregated their activities sector-wise, they will be exempted from submitting their tariff structures despite having the same ownership. More

Indian Steel Alliance to hire top US law firm
IF all goes well, the former US Deputy Trade Representative during the Clinton era, Ms Susan G. Esserman, may soon emerge as the saviour for the Indian steel industry in the international market. The Indian steel industry is in the process of ... More

Indigo all set to hit the road
MOVE over Esteem, Ikon, Accent, the colour of the season is Indigo. And if sources in the company are to be believed, the Indica sibling is geared to turn topsy turvy all the rules of the game in its segment with an ex-factory price that will be ... More

Pharmacia clears VRS for Abbott head office staff
THE board of directors of Pharmacia Healthcare on Wednesday approved a voluntary retirement scheme (VRS) for the employees at the head office of Abbott India Ltd in which it holds majority stake. Early this year, Pharmacia Corporation had ... More

6-day week again at MICO plant
AUTO components maker Mico Ltd said today that it resumed a 6-day week working schedule from October 7, as its customers have reduced call-offs. The company had introduced a five-day working week at its Bangalore plant on September 9. The ... More

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