Financial Daily from THE HINDU group of publications
Saturday, October 26, 2002
Markets (Oct. 25)
BL 2501002.27 (-13.84)
BSE Sensex2875.53 (-32.52)
S&P CNX Nifty932.20 (-14.70)
Dollar (Buy/Sell)48.33/48.46
Gold Std (10 gm)5140 (+10)

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HLL sales down; net up 11% on better margins
BETTER operating margins have helped consumer goods major Hindustan Lever Ltd (HLL) overcome a topline dip and notch a 11.2 per cent increase in profit-after-tax to Rs 420.13 crore for the third quarter of 2002 on a comparable basis, the company ... More

Hindustan Lever: Accounting change trims decline in topline figure
A CHANGE in Hindustan Lever's accounting policy has made the shrinkage in top-line appear lower than what it actually is. HLL's numbersshow 7.2 per cent shrinkage in net sales for the September quarter. This is significantly lower than the 9.9 ... More

Sensex hits new 52-week low
DISAPPOINTING results from FMCG major Hindustan Lever and telecom company MTNL saw the BSE 30-share Sensitive Index (Sensex) touching a new 52-week low to close below the 2,900-level mark. In Friday's trading, HLL fell Rs 158.30 before closing ... More

Software cos pitching for Lehman, Pepsi deals
Indian software firms have been gunning for larger deals these days notwithstanding lower billing rates as a measure to hedge during the economic slowdown. More

More convenience, but with a price tag — Mediclaim premiums set to rise
FOR mediclaim policy customers, here comes the bad news. Health insurance premiums are likely to show a considerable increase, if the insurance regulator has its way. The Insurance Regulatory and Development Authority has been pushing the four ... More

Higher taxation drags MTNL net down 35 pc
MAHANAGAR Telephone Nigam Ltd (MTNL) has announced a 35.4 per cent drop in net profit for the quarter ended September 30 at Rs 246.9 crore as compared to Rs 382.34 crore earned in the corresponding period last year. Total income has decreased ... More

Grasim net rises four-fold on lower interest, VRS costs
COST reductions including a decline in interest charge and a substantially lower employee separation cost helped Grasim Industries report a four-fold rise in net profit at Rs 128.7 crore(Rs 31.6 crore) in the second quarter of 2002-03. Another ... More

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