Financial Daily from THE HINDU group of publications
Wednesday, January 01, 2003
Markets (Dec.31)
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ANNOUNCEMENTS


Cargill eyes commodity bourses
IN what could be termed as the first sign of global thumbs up for commodities futures trading in India, the US commodities giant, Cargill, plans to trade on various commodities exchanges. The US firm's participation will be through its 100 per ... More

BHEL unit launches ERP module
BHEL Ramachandrapuram unit has put into operational mode its enterprise resource planning (ERP) module in its gas turbine section. It was formally launched on Tuesday by the Executive Director, Mr A.N. Jagadeeswaran, and representatives of the ... More

Infy results on January 10
BANGALORE: Infosys Technologies Ltd has informed the BSE that the board of directors of the company is scheduled to meet on January 10 to consider the audited financial results of the company for the third quarter ended December ... More

Gillette sells Geep biz to Thanawalla
GILLETTE India Ltd today announced the sale of the Geep battery business to the Thanawalla group. The agreement included all Geep brand names, sales and distribution network for the Geep business and the manufacturing facility at Mysore, a ... More

OPEN OFFERS


Eicher promoters plan open offer to up stake by 20%
EICHER Goodearth Ltd and Eicher International Ltd, the major stakeholders in Eicher Ltd, are planning to go in for an open offer to up the promoters' stake in Eicher Ltd by 20 per cent. Currently, the promoters' stake in the company is about ... More

CORPORATE DISPUTES


No winners, for now
Nothing much has changed for the basic telephony and cellular camps on the issue of limited mobility for fixed telephony providers, say industry watchers. More

Tatas see early end to Jharkhand land dispute
THE Tatas are expecting the dispute with the Government of Jharkhand over the lease of part of their land in Jamshedpur to be resolved by early 2003. Mr A.N. Singh, Deputy Managing Director of Tata Steel, said the group was awaiting a ... More

AWARDS & HONOURS


NTPC, IOC bag SCOPE awards
NATIONAL Thermal Power Corporation (NTPC) and Indian Oil Corporation (IOC) have won the gold trophies of SCOPE awards for Excellence and Outstanding Contribution to the Public Sector Management for the years 2000-1 and 2001-02 respectively in the ... More

Tatler ranks The Park as among the best
TATLER magazine of the UK, in its travel guide 2003, has announced the selection of The Park, Bangalore, as among the best 101 hotels in the world, according to a press release from the hotel. Claimed to be the first contemporary Indian ... More

  • Award for Dr Reddy's

    COURTS/LEGAL ISSUES


    UB move to buy Mallya's US assets suffers setback
    THE UB group's decision to buy the personal brewery assets in the US of its Chairman, Mr Vijay Mallya, suffered a fresh setback with the Karnataka High Court rejecting a plea which sought a stay on a trial court order restraining the transaction ... More

    ACCOUNTANCY


    Accountants: Let's file 2002 away
    THE year 2002 was the ideal accountants' year, what with two zeroes in the middle, resembling the characteristic spectacles, and with `2' on either side, more like the ears, if one could excuse the left ear to be a bit turned out. But the year, ... More

    HUMAN RESOURCES


    Save Indal group defers strike
    KOCHI: The Save Indal Action Committee has decided to postpone its indefinite hunger strike proposed to be held in front of Kerala Vaidyuthi Bhavan on January 7 as the Government has sought a month' time to solve the power crisis in ... More

    CORPORATE BONDS


    Hutti Gold Mines to exercise call option on bonds
    IN a bid to emerge as a debt-free company, the Karnataka Government-owned Hutti Gold Mines Co Ltd (HGML) plans to exercise the call option on its Rs 18-crore bond due for maturity in 2005. HGML, which had earlier discharged its Rs 20-crore bond, ... More

    MERGERS & ACQUISITIONS


    DCA seeks total transparency in assets valuation
    "We have now asked the committee to submit a framework for valuation of assets, in a completely transparent manner, in the cases of mergers and acquisitions and other transactions". More

    CORPORATE GOVERNANCE


    When in doubt...
    THE recent report on corporate governance and auditors by the Naresh Chandra Committee is one more effort to focus on areas where doubts lay in the performance of those who are supposed to ensure the interest of investors. If one read the ... More

    NEW PROJECTS


    Sonar Bangla fulfils 20-year dream: Yogi
    COMPLETION of ITC Sonar Bangla Sheraton Hotel & Towers in a record time of just under two years is fulfilment of ITC Ltd's long cherished dream of building a high-quality hotel in Kolkata, where the company is headquartered. Launching ITC Sonar ... More

    REGULATORY BODIES & RULINGS


    Plan afoot to ease regulatory burden on small pvt cos
    The aim is to ensure that small companies are not overburdened with many regulatory compliance requirements. The compliance cost should not result in increased cost of transactions, according to Mr Vinod K. Dhall. More

    INTERVIEW


    `Quality, Ambuja brand helped us turn around' - Mr Harshavardhan Neotia, Managing Director of ACEL
    AMBUJA Cement Eastern Ltd (ACEL), which was previously known as Modi Cement Ltd, can be used as an example of a sick unit being successfully turned around. The company, in fact, was languishing in the files of the Board for Industrial and ... More

    OUTLOOK


    Ratan Tata warns against complacency
    IN the backdrop of the Indian economy becoming increasingly integrated into the world economy, there will be rising competitive pressures on group companies, Mr Ratan Tata, Chairman of the Tata Group, has said. In a signed letter posted on the ... More

    PERFORMANCE


    Singareni Collieries back in black
    THE state-owned coal major Singareni Collieries Company Ltd, after nearly a decade of financial uncertainty, has turned the corner and is set to record a cash profit of Rs 450 crore in the year 2002-03 as against Rs 302 crore last year. The ... More

    PEOPLE


    Former chief of Chloride India passes away
    MR Jahar Sengupta passed away after suffering a heart attack at the Woodlands Hospital here. He was 77. Mr Sengupta, who had been ailing for some time, was the past Chairman of Chloride India Ltd and ICI India Ltd. He also led the Assocham and ... More
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    Top Stories
    Gasohol programme watered down


    DCA seeks total transparency in assets valuation

    UB move to buy Mallya's US assets suffers setback

    Tea futures marks Upasi bid to be supply chain leader — Mr N. Dharmaraj, Chairman of Upasi Tea Committee

    i-flex to target US community banks

    Ad industry turns its back on 2002 — Hopes New Year will bring better times

    In Focus
    Inside China

    Stock scam unravelling
    Petrol pump controversy
    Kelkar Report
    Reliance & Telecom Competition
    In Depth
    Gender Justice
    Simple Economics
    India Interior
    Consumer Notes
    Looking back
    Dec. 22-Dec. 28
    New fuel-efficient engine from Audi?

    SEBI allows 500 more cos to file documents electronically

    Car care centre goes extra mile to woo customers

    Body blow to body shopping by CAs


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