Financial Daily from THE HINDU group of publications
Saturday, July 12, 2003
Markets (July 11)
BL 2501311.48 (+0.28)
BSE Sensex3676.26 (-3.37)
S&P CNX Nifty1161.65 (-0.70)
Dollar (Buy/Sell)46.09/46.22
Gold Std (10 gm)5265

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Impal to pay 150 pc
INDIA Motor Parts Ltd has kicked-off its 50th year celebrations with a 150 per cent dividend for 2002-03, 30 percentage points higher than for the previous year. The company's board of directors has recommended a dividend of Rs 15 per share, ... More

US co `keen to source' batteries from Exide
EXIDE Technologies, US, has shown interest in sourcing batteries from Exide Industries Ltd for distribution in the Chinese market, according to Mr S.B. Ganguly, Executive Chairman & CEO of Exide Industries Ltd. Talking to newspersons at the end ... More

J B Chem to launch respiratory products
The international business is to get a considerable boost with the United States Food and Drug Administration likely to complete inspection of the company's tablet-making facility at Panoli by December 2003. More

  • Country Club asset stripping cleared


    US court rejects Dr Reddy's plea against Pfizer
    Pfizer did not file a lawsuit against the former within the 45-day period prescribed by the Hatch-Waxman Act. More


    Corporates go for security software
    BE they banks, telecom companies or plain vanilla manufacturing companies, as corporate India gets networked and connected, Indian enterprises are on high alert. They are growing more security conscious as they get a taste of the strengths and ... More


    Adani Wilmar to double capacity
    Once the additional refining capacity is put in place, crude edible oils import is set to touch 55,000 t per month. More


    Strike threat at Pepsi plant
    THE Pearl Bottling Private Ltd (Pepsi) Employees' Union at Madhurawada near here has served a strike notice in protest against the alleged moves of the management to break the union. At a press meet here on Friday, Dr K.S Mohana Kumar, General ... More


    Mukta Arts, Adlabs form joint venture
    MUKTA Arts Ltd and Adlabs Films Ltd have announced that they have set up a 50:50 joint venture, Mukta Adlabs Digital Exhibition Ltd which will target to update 400 B class theatres across India within the next one year. The companies did not ... More


    NEG Micon turnover may touch Rs 500 cr — Expects boost from domestic sales
    WITH the growth in the wind energy sector, NEG Micon (India) Pvt. Ltd expects its turnover to go up to Rs 800-1,000 crore next year (calendar year). This year, it expects to end with a turnover of Rs 500 crore, which itself is a jump from about ... More


    Co-marketing pacts boost Orchid's formulations sales
    ORCHID Chemicals & Pharmaceuticals' formulation business (drugs in final form such as tablets) contributed 12 per cent (5 per cent) to Orchid's sales in 2002-03. The company's annual report for 2002-03 identified co-marketing arrangements ... More

    Matrix Labs announces 50 pc dividend
    THE board of directors of Matrix Laboratories Ltd (MLL), the merged entity of Matrix Labs, the Ranbaxy-controlled Vorin Labs and the Chennai-based Shriram group promoted Medicorp Technologies, which met here on Friday to take on record the ... More


    Top level changes in Hindalco, Indo Gulf
    ADITYA BIRLA Group companies - Hindalco Industries Ltd and Info Gulf Fertilizers Ltd - - will have new chiefs from October. Mr A.K. Agarwala, Whole-Time Director, Hindalco Industries, will step down to be replaced by Mr Debu ... More


    Chevrolet to be GM's mainstream brand
    WITH the launch of the Chevrolet Optra, General Motors India says the Chevrolet brand will be its mainstream brand in the country while Opel will be the premium brand. Both the brands will co-exist, company officials told journalists here on ... More
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