Financial Daily from THE HINDU group of publications
Saturday, January 11, 2003
Markets (Jan. 10)
BL 2501128.89 (-18.40)
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Dollar (Buy/Sell)47.93/48.06
Gold Std (10 gm)5680 (-30)

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ANNOUNCEMENTS


RasGas to bid for NTPC Kayamkulam project
THE Qatar-based Ras Laffan Liquefied Natural Gas Co Ltd (RasGas) is considering bidding for the 2.5-million tonne liquefied natural gas (LNG) project planned by National Thermal Power Corporation (NTPC) in Kayamkulam, Kerala. NTPC is expected ... More

OVERSEAS BORROWINGS


Curbs likely on fresh overseas borrowings
"We want to discourage companies from going in for ECBs irrespective of the amounts involved. What is the need for ECBs where there is no dearth of either dollar or rupee funds in the country?" More

ACCOUNTANCY


ICAI to co-operate with China institute
THE Chinese Institute of Certified Public Accountants (Cicpa) and the Institute of Chartered Accountants of India (ICAI) have agreed to identify the areas for exchange of technical knowhow and expertise. This forms part of the host of ... More

MERGERS & ACQUISITIONS


Hudco demand for 26 pc stake — CIAL fears public sector takeover
HUDCO'S insistence on 26-per cent stake in Cochin International Airport Ltd (CIAL), as against the latter's decision to offer 24 per cent, has raised private investors' apprehensions of a possible takeover of the company by the public ... More

OVERSEAS INVESTMENTS


MFs can invest $1 b in listed foreign cos — Window open also for individuals, corporates
AS part of a slew of big-bang measures aimed at further flexibility in capital account transactions and integrating the Indian financial market with the global capital markets, the Finance Minister, Mr Jaswant Singh, today announced that ... More

REGULATORY BODIES & RULINGS


McDowell pulled up for restrictive trade practice
COMPANIES offering discriminatory discounts to different wholesalers may find themselves being pulled up for restrictive trade practice. The most recent one being liquor major, McDowell & Co Ltd which has been pulled up by the Monopolies & ... More

TRADE & LABOUR UNIONS


Dunlop workers protest
A SECTION of the Dunlop India Ltd employees led by the union demonstrated at the Labour Department office here demanding immediate implementation of the more-than-three-month-old agreement for resumption of operations. The Dunlop Factory ... More

Singareni bid to avert stir makes no headway
THE ongoing efforts by the management of the State-owned Singareni Collieries Company Ltd, to dissuade colliers from striking work against the alleged privatisation move were deadlocked even as miners reportedly gheraoed a surface miner, which ... More

Coastal Paper mill workers intensify stir
THE workers of Coastal Paper Mill at Kadiyam village near here, on a strike for the past fortnight, have intensified their agitation seeking the revocation of the transfer order of a supervisor to Hyderabad and also for the payment of bonus at 20 ... More

DIVERSIFICATION


BHEL diversifies into O&M of power plants
BHARAT Heavy Electricals Ltd (BHEL), the premier power equipment major in the public sector, has entered a new business area of operation and maintenance (O&M) of power plants as a part of its strategy to fuel future growth. The first O&M ... More

OUTLOOK


Rourkela Steel to cut loss by Rs 400 cr — Plans maiden export to China
Reviewing the performance of calendar 2002, an RSP release said that 1.6 million tonnes of hot metal, 1.43 million tonnes of continuous cast slabs and 1.47 million tonnes of saleable steel were produced during the year representing a 15 per cent grow th over 2001. More

NTPC deal key to Pipavav viability: BG
BG Group has pinned the viability of its LNG import terminal at Pipavav, Gujarat, on the prospect of securing the three million tonnes per annum LNG supply contract of National Thermal Power Corporation (NTPC). "We need to secure firm ... More

Eastman Kodak may make India base for health imaging
INDIA is on its way to becoming a strategic base for the health imaging division of Eastman Kodak Co. Disclosing this to Business Line, Mr Dan Kerpelman, President-Health Imaging and Senior Vice-President, Eastman Kodak Co, said the ... More

PERFORMANCE


Tata Engg sales rise 25 pc
TATA Engineering has reported total sales of 15,216 vehicles in the domestic market for the month of December 2002, an increase of 25 per cent over 12,178 vehicles sold in December 2001. Sales for the nine-month period ended December 31, 2002, ... More
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In Focus
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2002: A drought year
Gold: Still the winner?
Oil PSUs: Disinvestment dilemma
NPAs in Banking
In Depth
Gender Justice
Simple Economics
India Interior
Consumer Notes
Looking back
Dec. 29-Jan. 4
`Feedback on Bt cotton from farmers has been positive' - Mr Sekhar Natarajan, Managing Director, Monsanto India

UB move to buy Mallya's US assets suffers setback

DCA seeks total transparency in assets valuation

`We are coming out of everything sub-scale' — Mr Ajai Chowdhry, Chairman and CEO, HCL Infosystems Ltd

In the interest of better governance

Cutting costs...at what cost to Bhopal residents?

SEBI directs listed cos to do secretarial audit

`Accountability must be built into corporate governance'


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