Financial Daily from THE HINDU group of publications
Wednesday, June 12, 2002
Markets (June 11)
BL 2501158.43 (+33.38)
BSE Sensex3362.42 (+82.93)
S&P CNX Nifty1097.05 (+22.20)
Dollar (Buy/Sell)48.93/49.06
Gold Std (10 gm)5280 (-60)

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Agra footwear sector under fire
The culprit, it is pointed out, is the virtual moratorium on inspection of factories as part of the agenda of globalisation, liberalisation and flexibilisation of the labour market. The foreign as well as Indian companies allegedly indulge in bad cor porate practices and are well aware of the conditions in the factories from where they import. More


Shantha Bio Hepatitis B vaccine gets WHO stamp -- Bags $5-m Unicef order
SHANTHA Biotechnics has announced that it been awarded the World Health Organisation (WHO) certification for its Hepatitis B vaccine, Shanvac B, the country's first indigenous recombinant DNA vaccine. Addressing presspersons here on Tuesday, ... More

  • Shareholders okay MICO dividend


    CIAL board to discuss pvt placement, rights
    THE board of directors of Cochin International Airport Ltd (CIAL) is scheduled to meet in Thiruvananthapuram on June 13 to discuss pressing issues such as subscription of the long-pending rights issue and private placement to expand the company's ... More


  • Medal for Raichur power station


  • Writ against Phillips Carbon disposed


    IISCO recast okayed
    THE Cabinet Committee on Economic Affairs (CCEA) today approved a financial restructuring plan for Indian Iron & Steel Company (IISCO), a subsidiary of Steel Authority of India Ltd (SAIL). According to the plan, the Government will stand ... More

    UT to exit non-core businesses
    HYDRAULICS major UT Ltd has firmed up plans to hive off non-core businesses and focus on consolidation in areas of its core competency. Proceeds from the sale of its Tamil Nadu-based granite business, foundry division at Chandigarh and forging ... More


    US co may join hands with Bengal Chem
    AN American chemical major has expressed interest on forming a joint venture company with the century-old Central public sector unit, Bengal Chemicals & Pharmaceuticals Ltd. The company, which was set up by Acharya Prafulla Chandra Ray, has ... More


    `Widia India will bounce back into black soon'
    THE ownership of Widia India Ltd, the cutting-tool leader in the domestic market, recently changed hands with the majority stake in its foreign promoter being bought by US tools major, Kennametal. The Indian promoters SAK Industries Ltd also ... More


    Cummins India: Exports play spoil-sport
    CUMMINS India's performance for the year ended March 2002 has been on expected lines. The company reported a 20.77 per cent dip in net profit at Rs 86.3 crore and a 13.87 per cent drop in sales to Rs 740.91 crore compared to the previous year. ... More

    Tata Engg May CV sales rise 82 pc
    TATA Engineering has reported total sales of 12,453 vehicles in the domestic market in May 2002, an increase of 12 per cent over the same month the previous year. Sales of commercial vehicles, which began showing an upward trend at the start of ... More


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    Looking back
    Jun. 2-Jun. 8
    Contract farming -- Rallis ties up with SBI; replaces ICICI Bank

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    `LML will ride again into glory days with mobikes'

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    `Funds no constraint for Grasim's expansion plans'

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