Financial Daily from THE HINDU group of publications
Thursday, March 18, 2004

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Red herring prospectus for public issue filed — ICICI Bank clears exposure limit hurdle
BORROWING by a single corporate group accounts for over 57 per cent of ICICI Bank's capital funds (i.e. tier I plus tier II capital), according to the prospectus for the proposed public issue filed by the bank with SEBI. This is the largest ... More

GSK, Burroughs Wellcome boards clear merger — Share swap at 14:10
THE long-drawn merger of Burroughs Wellcome India Ltd (BWIL) into GlaxoSmithKline Pharmaceuticals Ltd (GSK) in India was sealed on Wednesday with the boards of both the companies approving the scheme of amalgamation. The boards have decided on ... More

Qualcomm expects shipments of CDMA handsets to India to top 13-m target
QUALCOMM Inc, the world's second largest maker of wireless telephone chips, on Wednesday said that it expects shipments of CDMA (code division multiple access) handsets to India to exceed 13 million by September 2004. "We had predicted 13 ... More

Poll factor: Oil companies hold prices
FOR all those wondering what's there in the elections for you, here's something to think about. Global crude oil prices have been rising in the last three months yet you are paying the same for filling up your petrol tank as you did in January ... More

DD to get Ten Sports feed for all matches
IT now seems all about producing the bills and calculating the losses incurred. The Supreme Court's interim-order directing Ten Sports to give its feed to the national broadcaster, Prasar Bharati, for the on-going Indo-Pak series has set the two ... More

Ten Sports' move to hike ad rates may hit roadblock
TEN Sports' plans of raking in additional moolah by jacking up ad rates, courtesy Doordashan's wider reach, may not cut ice with the advertising community. Today, Mr Chris McDonald, CEO, Taj Television, Dubai said that the channel may consider ... More

Malaysian vanaspati worries domestic producers
AFTER Nepal and Sri Lanka, it is Malaysia now for the beleaguered Indian vanaspati industry to worry about. Vanaspati (hydrogenated vegetable oil) from Malaysia has started to flow into the country, albeit in small lots. In the last few ... More

Amul plans to roll out super premium ice-cream range
DAIRY major Gujarat Co-operative Milk Marketing Federation (GCMMF) is all set to unleash sizzling action, in the run up to what looks like yet another sweltering long summer. The company plans to kick off the season with Amul Utterly Delicious ... More

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