Financial Daily from THE HINDU group of publications
Thursday, November 13, 2003
Markets (Nov. 12)
BL 2501797.61 (+4.47)
BSE Sensex5005.77 (-24.87)
S&P CNX Nifty1603.80 (+2.65)
US Dollar (Buy/Sell)45.31/45.44
Gold Std (10 gm)5775 (+20)

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Linc Pen to manufacture Mitsubishi products
LINC Pen & Plastics Ltd, in collaboration with the $500-million (Rs 2,250 crore) Mitsubishi Pencil Co of Japan, plans to take up manufacture of international quality hi-tech pens from the stable of the Japanese writing instruments major. ... More

No plans to set up unit in US now: Elgi
THE Indian economy is expected to remain strong for some years unlike in 1997 when, after an early promise, the economy dived, according to Dr Jay Varadaraj, Managing Director, Elgi Equipments Ltd, Coimbatore. He said this time around the ... More

Novartis receives exclusive marketing rights for Glivec
NOVARTIS India Ltd (NIL) has become the first pharmaceutical company in India to be granted exclusive marketing rights for its oncology drug, Glivec, by the Controller General of Patents and Trademarks of India. "The granting of the first ... More

Residency Hotel to offer service apartments
THE Residency, a three-star hotel in T.Nagar, Chennai, plans to introduce service apartments, as part of its Rs 10-crore renovation plan. The hotel plans to convert some of its 112 rooms into a business centre and a fitness centre and three ... More

LG Pune factory to be made export hub
LG Electronics India Pvt Ltd (LGEIL), the wholly-owned subsidiary of LG Electronics, South Korea, is all set to place Pune on the global map with its products. Mr K.R. Kim, Managing Director, LGEIL, told presspersons that plans had already ... More

  • Handicrafts Export Corpn presents dividend cheque
  • Apollo Hospitals brings out CD on laparoscopic surgery


    Natco to challenge grant of exclusive rights to Novartis cancer drug
    NATCO Pharma Ltd has decided to challenge the decision of the Controller-General of Patents and Trademarks of India granting exclusive marketing rights to Novartis India for its anti-cancer drug in the country. Novartis India is the first ... More


    Norms tightened for external borrowings — End-use conditions read tough
    THE Government has imposed stricter conditions for corporates to mobilise funds through the external commercial borrowings route. In the latest revision to its ECB policy, the Finance Ministry has prescribed lower caps {relative to six-month ... More

    Corporates yet to heed RBI advice on hedging exposures
    REPEATED warnings from the Reserve Bank of India notwithstanding, corporates are still not hedging their foreign currency exposures, according to bankers. While the RBI alerted corporates about the inherent risk of sitting on huge unhedged ... More

    BPL to raise $100 m from external borrowing for turnaround
    The ECB is expected to revitalise the company's production and marketing initiatives which suffered serious setbacks over the last 18 months due to the mounting debts and working capital crunch. More


    Natco bags award for cancer drug research
    AFTER bagging the Department of Scientific and Industrial Research (DSIR) annual award for its research & development efforts, Natco Pharma Ltd (NPL), the city-based integrated pharmaceutical company, has now won the award in `Best technology ... More

  • Udyog Ratna Award


    RPG plans VRS for group cos; to expand retail biz
    IN a bid to cut costs, the RPG group is considering reducing workforce across its group companies including power firm CESC and tyre company, Ceat. According to Mr Sanjiv Goenka, Vice-Chairman of RPG Enterprises, the company is planning to ... More

    CESC VRS: `Early bird scheme evokes good response'
    The smooth sailing of the CESC VRS would boost Bengal's image as an investor-friendly destination. More


  • `HRM needs a re-look'


    3 FIIs pick 4.6% promoters' stake in Pantaloon Retail
    EVEN as Pantaloon Retail is making a preferential issue to the promoters of the company at Rs 112 per share, the promoters have sold their 4.6 per cent stake in the open market for about Rs 275 per share last week. The shares have been picked ... More

    OVL to remain flagship for investments abroad
    ONGC Videsh Ltd (OVL), the overseas arm of Oil and Natural Gas Corporation (ONGC), will be the country's flagship company for acquisition of oil and gas fields abroad. OVL will continue to enjoy fast track project approval and special ... More


    HNL staff hold picketing at Piravom Road Railway Station
    KOCHI: Employees of the Hindustan Newsprint Ltd (HNL), Vellur, under the auspicious of HNL Samrakshana Samithy, organised a train picketing agitation at the Piravom Road Railway Station near here in protest against privatisation of ... More


    Shalimar Paints in talks with 2 global majors — Plans strategic tie-ups in non-decorative coatings
    SHALIMAR Paints Ltd (SPL) - said to be the oldest paints company in the country (Howrah factory set up in 1902) - is in dialogue with two top global paint companies for a strategic tie-up in non-decorative coatings. Briefing newspersons here ... More


    Aventis scheme for osteoporosis patients
    AVENTIS Pharma Ltd has unveiled a comprehensive healthcare management programme for women diagnosed with osteoporosis. Called Wishbone, the programme, which seeks to offer rapid and sustained protection against fractures caused by osteoporosis, ... More


    Tata Steel coal unit gets `Qimpro Benchmark'
    TATA Steel's West Bokaro Collieries has been adjudged the Qimpro Benchmark 2003 in the National Category. Qimpro Consultants was established as the country's first dedicated total quality management consultant. West Bokaro Collieries is certified ... More


    Tata Steel banks on carbon trading to fund expansion
    TATA Iron and Steel Company is banking on carbon trading to generate funds for its various modernisation and expansion projects at its steel works in Jamshedpur, over the next few years. The company has lined up 12 projects involving an ... More

    Metso to expand paper equipment biz in India
    METSO Corporation of Finland, a global market leader in papermaking lines and minerals processing systems with a turnover of 4.7 billion euros, is targeting to expand its paper equipment business in India to 75 million euros during the next four ... More

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    Mid-Term Monetary and Credit Policy for the year 2003-2004

    Pick a Winner Stock Market Contest

    Top Stories
    Natco to challenge grant of exclusive rights to Novartis cancer drug

    Monetary and Credit Policy — Looking beyond the rate cuts

    M.P. mulls organic tag for nigerseed to boost exports

    Truck, bus tyre production up in Sept

    Impose ceiling on tax-free donation

    In Focus
    Rising intolerance
    (The Hindu)
    Vaishnavaite Temples in Tamil Nadu
    (The Hindu)
    Saivite Temples in Tamil Nadu
    (The Hindu)
    A Tribute to Semmangudi
    (The Hindu)
    Organic farming
    In Chennai
    The Cable tangle
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    In Depth
    Swati CA
    In Kashmir
    Simple Economics
    Tax Talk
    NRIs & Investment Avenues
    Corporate Governance
    Iraq Diary

    Looking back
    Nov. 2-Nov. 8
    Bajaj Auto sales top 1 lakh in Oct

    `Flair' pushes up Ford Ikon sales

    GAIL's separate gas trading co by 2008

    Maruti VRS: Third round to start next week

    Ashok Leyland vehicle sales up 72% in Oct

    Venu Srinivasan, Rajesh Hukku receive Business Week awards

    19 burnt alive in Bengal tea estate dispute

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