Financial Daily from THE HINDU group of publications
Thursday, October 09, 2003
Markets (Oct. 8)
BL 2501662.04 (+2.27)
BSE Sensex4634.86 (+1.92)
S&P CNX Nifty1478.60 (+0.75)
US Dollar (Buy/Sell)45.27/45.40
Gold Std (10 gm)5655 (+10)

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CORPORATE

ANNOUNCEMENTS


LG to use Webel factory for making CTVs
LG Electronics has entered into an agreement with West Bengal Electronics Development Corporation Ltd (Webel) for producing colour televisions (CTV) at the latter's factory. This was announced by Mr Kwang-Ro Kim, Managing Director of LG ... More

P&G seeks shareholder nod to raise share capital
PROCTER & Gamble Hygiene and Health Care Ltd will seek, at its annual general meeting to be held on October 10, its shareholders' approval to increase its authorised share capital from Rs 25 crore (2.5 crore shares of Rs 10 each) to Rs 35 crore ... More

MERGERS & ACQUISITIONS


LIC sole bidder for Harshad's ACC shares?
LIFE Insurance Corporation of India, the largest single shareholder in Associated Cement Companies Ltd with a stake of 16.17 per cent, is believed to be the sole bidder for the 1.63 crore shares in ACC being auctioned by the Custodian appointed ... More

IOC willing to buy Govt stake in HPCL
INDIAN Oil Corporation has verbally offered to the Government to buyout the latter's stake in Hindustan Petroleum Corporation Ltd (HPCL). The move comes more as a counter to the Government's move to explore the possibility of privatising the ... More

NEW PROJECTS


Suzuki Metal foundry goes on stream
The foundry plant of Suzuki Metal India Ltd (SMIL), a joint venture between Suzuki Motor Corporation of Japan and Maruti Udyog Ltd, went on stream on Tuesday. The plant, located at Manesar in Haryana, will undertake production of aluminium ... More

REGULATORY BODIES & RULINGS


DCA refers Daewoo case to serious fraud office
THE Serious Fraud Investigation Office (SFIO), an agency set up for investigating serious corporate frauds, has got its first case in Daewoo Motors India. The Department of Company Affairs (DCA) has referred the case to SFIO on complaints ... More

ALLIANCES & JOINT VENTURES


Sankara Nethralaya to collaborate with BARC
THE city-based eye hospital, Sankara Nethralaya, and Bhaba Atomic Research Centre (BARC) have brought about a significant decrease in the treatment cost of eye tumour by collaborating in the domestic manufacture of a radioactive source used in ... More

OUTLOOK


Lupin plans foray into herbal market
PHARMA major Lupin Ltd plans to foray into the estimated Rs 5,000-crore phyto-medicine (herbal products) market in India. According to Mr D.B. Gupta, Chairman of the company, Lupin will be introducing about eight to 10 phyto-medicine products ... More

TRENDS


Rise in number of companies registered in July
THE month of July saw an increase in the number of companies registered under the Companies Act, 1956, against the corresponding period last year. During July, 2,483 companies were registered against 1,932 companies registered during the ... More
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