Financial Daily from THE HINDU group of publications
Wednesday, July 03, 2002
Markets (July 2)
BL 2501141.33 (-2.77)
BSE Sensex3285.04 (-3.67)
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Dollar (Buy/Sell)48.80/48.92
Gold Std (10 gm)5220 (+30)

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To begin talks with others — Haldia Petro rejects IOC demands
WITH talks between Haldia Petrochemicals Ltd (HPL) and the PSU oil major Indian Oil Corporation (IOC) breaking down, efforts are now on to start afresh the process of finding a strategic partner for the beleaguered company. Mr Das said that the ... More

  • RPL results on July 31


    Staff disclosure norms applicable to more companies
    DCA had said that the revision of limits in respect of employees to be covered under statement to be attached with the report of the board of directors pursuant to Section 217(2A) of the Companies Act, 1956. More


    HC stays Dunlop move to remove documents
    MR Justice Ganguly and Mr Justice H. Banerjee, heading a Division Bench of the Calcutta High Court, stayed the intention of Dunlop India Ltd (DIL) from removing records and some documents from the custody of the previous head office at Mirza ... More


    25 foreign cos allowed to buy out subsidiaries' stake in Q1
    THE trend among foreign companies to convert their Indian joint venture subsidiaries into wholly owned subsidiaries (WOS), which started around two-and-a-half to three years ago, continues unabated. During the first quarter of the current fiscal, ... More


    Labour unrest affects work at English Indian Clays
    OPERATIONS at English Indian Clays Ltd at nearby Veli have been affected following labour unrest over the suspension of an employee by the management. The suspension had led to an agitation by the employees on Sunday. They locked up top ... More


    Orchid sets up joint venture with Bexel Biotechnology
    ORCHID Chemicals and Pharmaceuticals Ltd has established a joint venture with Bexel Biotechnology Ltd of the US for new drug discovery (NDD). The joint venture company, named Bexel Pharmaceuticals Inc., will have $8 million investment from ... More


    `Europe presents an exciting opportunity for Essel Propack'
    "One of the prime reasons we have gone global is to spread our risk in terms of growth. Today, if growth opportunity in India and China tapers out, we already have another market to grow." More


    SBT appointed operating agency for Alind revival
    THE efforts to rehabilitate the ailing Aluminium Industries Ltd (Alind) have taken another turn, with the State Bank of Travancore (SBT) being appointed as the new operating agency. At its last hearing, the Board for Industrial and Financial ... More


    Cash reserves a cushion, says Satyam Chairman
    WHAT will you do with such huge financial reserves? Why don't you distribute it among shareholders? When will a shareholder be central to the company's focus? What about subsidiaries? These were among a series of questions posed by the ... More


    Sasken slips into the red — Blames telecom slowdown
    THE downturn in telecom industry has taken a toll on the Bangalore-based Sasken Communication Technologies Ltd, as the company has slipped into red for the first time in seven years. Sasken reported Rs 15.63 crore loss on a sales revenue of Rs ... More


    Century Enka must wait a while for Kumar Birla
    MR Kumar Mangalam Birla is ``not disinclined'' to take charge of Mr B.K. Birla's interests in Century Enka — a joint venture between Akzo Nobel and the B.K. Birla group — but not before the lapse of a couple of years. Speaking to ... More

    Mahajan visits Ambani
    THE Union Minister for Communications, Information Technology and Parliamentary Affairs, Mr Pramod Mahajan, visited the ailing Mr Dhirubhai Ambani, Chairman, Reliance Industries Ltd (RIL), on Tuesday. Hospital sources said the condition of Mr ... More

    Takes charge of IOC northern facilities
    MR V.K. Chaudhri, Executive Director, Indian Oil Corporation (IOC), has taken charge of the oil major's northern region oil facilities as the Regional Level Co-ordinator. Earlier, he was the Executive Director in charge of LPG at IOC's marketing ... More

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  • Top Stories
    Orchid sets up joint venture with Bexel Biotechnology

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