Financial Daily from THE HINDU group of publications
Tuesday, December 02, 2003
Markets (Dec. 1)
BL 2501827.22 (+35.99)
BSE Sensex5160.85(+116.03)
S&P CNX Nifty1657.65 (+42.40)
US Dollar (Buy/Sell)45.69/45.82
Gold Std (10 gm)6005 (-5)

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Kinetic to flag off Kashmir-Kanyakumari rally on Nova
TWO-WHEELER manufacturer Kinetic Motor Co has announced it was flagging off a 3,516-km, 14-day Kashmir to Kanyakumari rally that will test the ruggedness, endurance and mileage of its popular 4-stroke scooter, the Nova. A four-member team of ... More

IOC to invest Rs 1,100 cr in Tamil Nadu
INDIAN Oil Corporation will invest about Rs 1,100 crore in Tamil Nadu, between now and the end of next year, the company's Director (Marketing), Mr N.G. Kannan, told a press conference here on Monday. The investments will be in several areas, ... More


Shareholders nod to be must for unlisted cos preferential offer
Additional disclosures must be made about the class of proposed allottees, the price or price band, the changes in shareholding pattern and control arising from the allotment. More

Aurobindo Pharma may allot shares to Mauritius MFs
AUROBINDO Pharma Ltd would issue up to 31 lakh equity shares of Rs 5 each at a price of Rs 302 per share, including a premium of Rs 297 per share, in favour of two Mauritius-based funds on a preferential allotment basis. Informing the decision ... More


  • NTPC Ramagundam unit bags award


    Corporate governance software
    NEW DELHI: Grant Thornton, India, member of advisory and accountancy company, Grant Thornton International, is training its Indian staff on a new corporate governance software it has developed. This will help companies test their internal ... More


    Doing business in US
    INDIAN firms carrying out business in the US prefer to form a full-fledged company there as against merely opening a branch office because a company shareholder's liability is limited to the extent of his investment in the same. Another factor ... More


    Cipla told to pay Rs 77 cr penalty for over-pricing
    CIPLA Ltd has received notices from the National Pharmaceutical Pricing Authority (NPPA) to pay Rs 76.75 crore, or 50 per cent of the total amount that the company is to pay, on account of alleged overcharging in respect of three drugs for the ... More


    TRL revival chances brighten
    THE chances for revival of the sick Travancore Rayons Ltd (TRL) at nearby Perumbavoor have become brighter following acceptance by the State Cabinet, in principle, of the revised rehabilitation package submitted by the promoters, Dinosaur ... More


    Indraprastha Gas eyes Gurgaon, Faridabad markets
    INDRAPRASTHA Gas Ltd (IGL), which markets compressed natural gas (CNG) in the National Capital Territory of Delhi, plans to expand to Gurgaon and Faridabad. The company, currently in the midst of a public issue being done through the ... More

    Maruti eyeing 50 pc share in A2 segment
    MARUTI Udyog Ltd, the country's largest carmaker, is eyeing 50 plus per cent market hold in A2 segment cars. It had recently launched its redesigned hatch Zen developed by the company's in-house R&D team based out of India. With the launch, ... More


    Maruti cars Nov sales up 42 pc
    MARUTI Udyog Ltd (MUL) on Monday said its domestic sales rose by 42 per cent in November to 36,137 units over 25,471 units in the same month last year, fuelled by robust sales of its compact cars. Sales of Alto, WagonR and Zen surged 65 per ... More


    Spectrum Power Chairman resigns
    THE Chairman and Director of Spectrum Power Generation Ltd (SPGL), Mr K. Narasimha Murthy, has resigned on Monday. Mr Murthy stated in a press release that SPGL got involved in many contentious issues with APTransco, which were very critical ... More
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    Cipla told to pay Rs 77 cr penalty for over-pricing

    PSBs finalise new PLR formula

    Outsourcing for development

    Mandatory Net exchange link-up for ISPs soon

    India set to buck global sugar trend

    Chemicals, engineering goods prop up exports in April-July

    In Focus
    Housing finance scenario
    Insurance Round-up — 2003
    Rising intolerance
    (The Hindu)
    Vaishnavaite Temples in Tamil Nadu
    (The Hindu)
    Saivite Temples in Tamil Nadu
    (The Hindu)
    Organic farming
    The Cable tangle
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    In Depth
    Insurance Corner
    Swati CA
    Simple Economics
    Tax Talk
    NRIs & Investment Avenues
    Iraq Diary

    Looking back
    Nov. 23-Nov. 29
    ECB curbs — A clichéd approach to tackling forex riches?

    Escorts tractor unit pegs Rs 175 cr profit in 2 years

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