Financial Daily from THE HINDU group of publications
Thursday, November 28, 2002
Markets (Nov. 27)
BL 2501077.55 (-3.06)
BSE Sensex3174.11 (-13.65)
S&P CNX Nifty1031.10 (-5.05)
Dollar (Buy/Sell)48.20/48.33
Gold Std (10 gm)5220 (+10)

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Gland Pharma sets up Rs 7-cr R&D unit
GLAND Pharma, a leading manufacturer of injectables has added a new research and development (R&D) pilot plant, with an investment of Rs 7 crore at Dundigal, about 20 km from Hyderabad. The plant, inaugurated by the German Ambassador to India, ... More


SG to shut Asian arm
SG, the corporate and investment banking arm of Société Générale, today announced that it is closing its Asian equity sales and research activities on account of depressed markets. The move will result in around 180 employees, representing nine ... More

Krishna-Godavari gas finds — Reliance offers gas to State power utilities
RELIANCE Industries Ltd (RIL) has begun hawking its natural gas finds from the Krishna Godavari Basin directly to the State power utilities. RIL has made its first pitch to the state owned generating company Karnataka Power Corporation Ltd ... More

City & Guilds launches India operations
THE UK-based City & Guilds, a vocational awarding body, on Wednesday announced the formal launch of its operations in India. City & Guilds offers 500 qualifications across 22 sectors, ranging from basic skills to the equivalent of a post-graduate ... More


AMFI sets up working group on private placements
The group, formally constituted a few days ago, will go into the inconsistencies that often impair the interests of participants in the private placement market. More


SEBI wants Grasim open offer stalled
Counsel for Grasim suggested that the company be allowed to make the open offer with an additional clause in the offer document informing investors of the case in question and also offering to make good any price difference should the regulator direc t it to change its offer price. More


Bangalore Court restrains UB from buying Mallya's US assets
THE UB group's decision to buy its Chairman Mr Vijay Mallya's personal brewery assets in the US has received a jolt following a court intervention. A city court here has restrained Kingfisher Properties & Holdings Ltd (KPHL), a property and ... More


Plea for more managerial autonomy for PSUs
THE Government should grant more "managerial autonomy" to public sector enterprises (PSEs) to manage their affairs in an efficient manner in the fiercely competitive business environment, according to the Chairman and Managing Director of Bharat ... More


Excise holiday boosts investments in N-E — Hind Lever, SmithKlineBeecham lead the way
THE excise holiday announced by the Union Government in 1999 has worked as a major boom for the north-eastern sector as leading corporate houses like Hindustan Lever Ltd and SmithKlineBeecham have set up manufacturing bases in that ... More


Infotech on verticalisation drive to boost expertise
``WE have to be one among very few to succeed in the market as the IT industry is becoming increasingly polarised with business going either to very large companies like Infosys or small, niche players,'' according to Mr Sudhir Sethi, President ... More


Top officials quit Radico Khaitan
RADICO Khaitan Ltd, a fast growing liquor company, is witnessing a shakeout in its top-level management with Mr V.K. Arora, Chief Operating Officer (COO) and Mr C.B. Srivastava, Assistant Vice-President (sales) putting in their papers. Mr Arora ... More
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Top Stories
Bangalore Court restrains UB from buying Mallya's US assets

NRE deposits from UAE surge 20-25%

Pvt life players may grab 4% share by fiscal-end: IRDA

Financial revamp will help steel cos turn around: Crisil

Rising egg exports may pull TN poultry from glut

Infotech on verticalisation drive to boost expertise

In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Nov. 17-Nov. 23
Public floats may come under tougher scrutiny

`We are in no hurry for IPO' — Mr Kwang-Ro Kim, MD, LG Electronics India

Bridgestone plans to make commodity grade tyres — To buy out ACC, Tata Engg stakes

Ford suppliers undergoing quality certification

Unpaid dividends, matured deposits, debentures — Auditors may have to attest co declaration

Duncans to hive off loose tea retail biz

SEBI, Grasim tread the thin line of demarcation

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