Financial Daily from THE HINDU group of publications
Wednesday, June 11, 2003
Markets (June 10)
BL 2501184.64 (-22.18)
BSE Sensex3289.55 (-47.76)
S&P CNX Nifty1037.80 (-14.30)
Dollar (Buy/Sell)46.77/46.90
Gold Std (10 gm)5580 (-50)

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Kinetic puts off DC-designed scooter launch
TWO-wheeler maker Kinetic Engineering has decided to put the launch of limited edition Dilip Chhabria-designed Kinetic scooters on the backburner because of technical hitches. A company spokesperson told Business Line that the decision ... More

VSP production hit by tripping
THE production activity at the Visakhapatnam Steel Plant (VSP) suffered partial disruption on Tuesday, following glitches on the transmission lines. The Simhadri power station, Lanco, Kondapalli and the GVK stations were taken off the bars, ... More

Lyka to seek nod for jt venture counter guarantee
THE Gujarat-based Lyka Labs is to seek shareholders' approval to provide security, guarantee and counter guarantee to its joint venture company, Lyka Hetero Healthcare Ltd. In a notification to the stock exchanges, the company said the approval ... More

  • SRF plans to delist securities from 3 SEs
  • Voltas gets Rs 26-crore Gujarat contract

    OPEN OFFERS


    Confusion over I-T deduction on open offers
    WITH a good number of open offers expected during the current fiscal year and the markets looking up, ordinary investors are running from pillar to post to figure out whether the interest component in the final price for delayed open offers is ... More

    AWARDS & HONOURS


  • ECIL bags award

    FINANCIAL PERFORMANCE


    Colgate-Palmolive: Something to smile about in a dull market
    CONTINUING the trend established in the first nine months of the year, Colgate Palmolive India has closed the financial year 2002-03 with a robust improvement in net profit in the backdrop of sliding sales. Net sales for the full year at Rs ... More

    IPR


    Morepen files patent for asthma drug
    MOREPEN Laboratories Ltd has filed an international process patent for manufacturing Montelukast sodium, an asthma drug. According to an official communiqué, Montelukast is a high-value blockbuster anti-asthmatic prescribed as a single daily ... More

    NEW PROJECTS


    Maharaja Appliances' Jammu unit to go on stream soon
    THE Rs 110-crore small appliances major, Maharaja Appliances Ltd (MAL), is all set to commission its recently acquired plant in Jammu. The company, which is targeting a turnover of Rs 150 crore, is also taking steps to undergo a complete brand ... More

    INTERVIEW


    `We are targeting Rs 80-cr exports in the current year' — Mr K Balasubramanian, VP-Finance, Tube Investment of India
    A NUMBER of changes have occurred at Tube Investments of India Ltd in the last couple of years, particularly in the cycles division of the company. The flagship company of the Chennai-based Murugappa group, has consciously made cycles ... More

    `Vast manpower, minerals and capital are India's strength' — Mr Charles Devenish, Chairman, Deccan Gold Mines Ltd
    MR Charles Devenish first visited India as a young boy during the fifties. Since then, he has travelled around the world to continents such as Australia, Africa and America. During this period, he has also established himself as a successful ... More

    SICK UNITS


    IFCI invites bids for Regent Agro takeover
    IT is now official. Regent Agro Products Ltd (RAPL), the city-based ailing producer of virgin coconut oil, coconut water and desiccated coconut powder, is up for sale. IFCI has invited offers for takeover, merger, amalgamation or lease of "a ... More

    OUTLOOK


    JK Paper looks for growth in branded, high-end segment
    JK Paper Ltd is looking to the branded segment for growth, and to consolidate its position as a market leader. While focussing on the branded segment to which it is increasingly devoting its production capacity, the company is looking to ... More

    Honda targets Rs 1,500-cr turnover — Unveils seventh generation Accord; launch next month
    HONDA Siel Cars India is targeting a turnover of Rs 1,500 crore this year on hopes of increased volumes through its new-look Honda Accord and Honda City. According to company officials, Honda is targeting sales of 20,000 units this year over ... More

    BPCL plans lubes export to East Africa
    BHARAT Petroleum Corporation Ltd (BPCL), the third-largest petroleum products marketer in the country, is planning to sell its lubes products in the East African triumvirate of Kenya, Uganda and Tanzania, a senior company official has said. ... More

    PEOPLE


  • Raju Shahani to lead 11 RCI offices

    TRENDS


  • Kerala: 59 cos registered in May
    Scoreboard
    SE Diary
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    Top Stories
    Intel to invest $41 m in India centre


    Govt's buyback plan runs into rough weather — Banks hesitant over vague tax sops; insurers keen to protect income

    Pharma retailing set for makeover

    Corporates bet on branded TV shows for better recall

    PSU bank stocks lose most in panic selling

    `Pacific white shrimp imports illegal'

    Confusion over I-T deduction on open offers

    Textile companies knit a successful show

    In Focus
    SARS scare
    The Cable tangle
    Pakistan Diary
    Indo-Pak Monitor
    Indo-China Relations
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    NPAs in Banking
    In Depth
    Simple Economics
    Consumer Notes
    Tax Talk
    The Brahmananda collection
    NRIs & Investment Avenues
    Corporate Governance
    Gold: Still the winner?
    Cars: Always a beauty
    Books and Reviews
    Looking back
    Jun. 1-Jun. 7
    Changes in Act for action against `vanishing cos'

    The black, red tally of 217 cos

    GM India rolls out Chevrolet Optra


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