Financial Daily from THE HINDU group of publications
Saturday, April 20, 2002
Markets (April 19)
BL 2501138.91 (-26.53)
BSE Sensex3364.40 (-56.54)
S&P CNX Nifty1100.30 (-28.70)
Dollar (Buy/Sell)48.85/48.98
Gold Std (10 gm)5050 (+10)

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Caltex gets buy-out okay with 5-yr rider
THE Government has permitted the US-based Caltex to buy out the 49 per cent stake held by Indian shareholders in the company's joint venture Indian subsidiary for a consideration of Rs 175 crore with a mandatory disinvestment clause. The ... More

Jumbo applications for 100% stake in SWC, Falcon rejected
THE Government has turned down the Dubai-based Jumbo group's plan to convert Shaw Wallace and Falcon Tyres into 100 per cent NRI-held companies on the grounds that prosecution proceedings have been initiated by the Securities and Exchange Board ... More

Wipro net profit up 32 pc; Q4 revenues down 6 pc
WIPRO on Friday issued a cautious guidance after posting a lower-than-expected fourth-quarter profit and a 32 per cent growth in net profit for the year ended March 31, 2002. The annual profit stood at Rs 885.4 crore on revenues of Rs 3,492.6 ... More

Wipro: Glitches on the screen
THE fourth-quarter ended March 31, 2002 has turned out to be a disappointing one for Wipro's flagship Global IT Services division. This division managed to barely achieve the revenue projections of $120 million made for the fourth-quarter, ... More

Hindustan Lever puts off AGM to June 26
HINDUSTAN Lever Ltd has postponed its annual general meeting to June 26 from its earlier planned date of May 10 primarily to allow for the passing of the Finance Bill 2002-2003. HLL said it was postponing its AGM to enable it to place the ... More

Auto cos get FIPB green signal for new models
THE Foreign Investment Promotion Board (FIPB) has given a slew of approvals for international automobile majors such as Toyota, Honda and Hyundai and homegrown Hindustan Motors to expand their operations and introduce more models. Hindustan ... More

Nagarjuna Oil top brass quit
THE six-million-tonne per annum refinery project of the Nagarjuna group has run into rough weather, with the company's Managing Director and CEO, Mr V. Shyam Sundar, and a number of senior officials putting in their papers. Mr Sundar could not be ... More

Decks cleared for Shell's Hazira port project -- Rs 3,000-crore FDI to flow into Gujarat
THE Gujarat Government is gearing up to give the official nod to the Hazira port to be put up by Shell Gas BV, a member of the Royal Dutch Shell group, sometime next week. Effectively, this will mean a fresh flow of foreign direct investment ... More

Days numbered for Fertiliser Corpn units
UNCERTAINTY stares nearly 7,000 employees of Fertiliser Corporation of India as the Appellate Authority for Industrial & Financial Reconstruction (AAIFR) has ordered the winding up of all the five units of the public sector fertiliser ... More

FIPB decision on Hind Lever holding deferred
THE Foreign Investment Promotion Board (FIPB) has deferred a decision on Hindustan Lever Ltd's (HLL) application to raise FII shareholding in the company from the existing 24 per cent to 49 per cent. A decision on whether the company will be ... More

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Praxis New!

Top Stories
Watchdogs on watch

Caltex gets buy-out okay with 5-yr rider

Xansa, TN pact for Rs 234-cr tech park

Auto cos get FIPB green signal for new models

Wipro net profit up 32 pc; Q4 revenues down 6 pc

2.31 cr new policies sold in 2001-02 -- LIC close to deal for venture in Lanka

`I-T relief for poll funds a mockery of justice'

In Depth
Inside Kashmir
Guide to derivatives
Looking back
Apr. 7-Apr. 13
Close end redemptions may drain UTI coffers

WHO's new mantra: Put on your jogging shoes

TN to push for number one position in FDI flow

Manu Chhabria dead

MFs can invest 4 pc of assets in foreign papers -- SEBI fixes individual limit at $50 m

Norms for dividends sans depreciation under study

Bharti makes an international call

Govt set to distance itself from UTI, give up powers -- Act amendment on the cards

Direct tax mop-up falls short of target

Rajasthan tax plays havoc with Gujarat gold trade -- Business drops 50 pc to Rs 6,000 cr

IT is still highway as far as jobs go

SEBI to decide on UTI schemes shortfall issue

Infosys posts 37 pc growth in revenue -- Net up 28.5 pc; to pay Rs 20 total

Suzuki set to take control of Maruti with 56% stake -- Rights issue renunciation almost finalised

FII investment in telecom to be outside FDI cap

I-T rules on perks to be eased further

UTI team to examine audit reports of 9 cos

It's a different `dot' game

Ranbaxy UK arm a problem child?

MRPL may go into Reliance fold -- Birlas, HPCL in talks to shed part of stake

3 key Budget proposals being reviewed by Govt

EPF trustees stick to 9.5 pc

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