Financial Daily from THE HINDU group of publications
Wednesday, August 10, 2005
Markets (August 9)
BL 2502357.20 (-5.86)
BSE Sensex7595.57 (-10.60)
S&P CNX Nifty2318.70 (-5.70)
US Dollar (Buy/Sell)43.49/43.62
Gold Std (10 gm)6200 (-25)


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ACCIDENTS


Sweeping rally
On the occasion of the anniversary of `Quit India' movement, some organisations in Bhopal took out a rally with `brooms' in front of the Union Carbide factory to launch the `Accept Responsibility for Bhopal or Quit India' campaign against the ... More

ANNOUNCEMENTS


Reliance Energy, Reliance Capital clarify on demerger
THERE appears to be a communication gap within the various entities and individuals involved in the Reliance demerger process. On Tuesday, both Reliance Energy and Reliance Capital ended up having to explain themselves to their constituents ... More

Mahindra launches 3-wheeler cargo carrier Champion Alfa
MAHINDRA & Mahindra Ltd (M&M) on Tuesday forayed into the 0.5 tonne-payload segment in three-wheelers by launching its Champion Alfa model. It is priced at Rs 1.12 lakh, ex-showroom, Hyderabad. Targeted sales volumes for the vehicle were not More

VLCC plans to open centers in West Asia, London
VLCC, a healthcare and wellness company, today announced plans to open overseas centres, including seven in West Asia. Two centres in Dubai and one in Abu Dhabi will be opened this year. The company also plans to open a centre in London in the ... More

L&T wins Rs 467-cr contracts in the Gulf
The company calls it a major breakthrough in the highly competitive water sector in the Gulf. More

Eli Lilly plans to launch more diabetes products
SPECIALISTS have described it as the "designer-insulin, designed for the Indian meal." And Eli Lilly, the company bringing the `designer' insulin-pen into India, also expects to bring more diabetes-related products and research. The estimated ... More

AWARDS & HONOURS


  • AIMA confers fellowships

    INSIGHT


    No company shall buy its own shares ...
    IN Hamlet, Lord Polonius advises Laertes, "This above all: to thine ownself be true, and it must follow, as the night the day, thou canst not then be false to any man." These lines follow his more popular counsel ... More

    MERGERS & ACQUISITIONS


    Tata Tea looking at $1-b overseas acquisition — Readies war-chest of Rs 500 cr
    TATA Tea Ltd is zeroing in on a $1-billion overseas acquisition of either a brand or company or both with a strong presence in the US or Latin America during the next six months. A war-chest worth Rs 500 crore had already been created by the ... More

    Vashisti Detergents may be merged with Hind Lever
    HINDUSTAN Lever Ltd (HLL) plans to merge Vashisti Detergents Ltd (VDL) with itself. Currently, HLL owns 32.90 per cent stake in Vashisti. The FMCG major's board of directors is slated to meet on Thursday in Mumbai to approve the proposal of ... More

    Tata backs move to sell HPL stake to IOC
    THE Tata group supported the West Bengal Government in the recent controversy over the induction of IOC into Haldia Petrochemicals Ltd (HPL) with a 7.5 per cent stake, but Mr Ratan Tata resigned from the company's board of directors. IOC's ... More

    TRADE & LABOUR UNIONS


    Trade unions claim rise in activism after Honda incident
    IS it the boom in the manufacturing sector or a conducive political atmosphere in the country that is nudging trade union activism to the fore once again? Be it either, it cannot be denied that trade union activity is finding a foothold in the ... More

    ALLIANCES & JOINT VENTURES


    CIL may be jt venture partner in CoalJunction
    COALJUNCTION may soon be a 50:50 joint venture between MetalJunction Services Ltd (MJSL) and Coal India Ltd. MetalJunction recently decided to float a joint venture to carry out the e-auction of coal. MJSL, a joint venture between Tata Steel ... More

    PERFORMANCE


    Ashok Leyland July sales up 11.5 pc
    ASHOK Leyland has reported a 11.5 per cent jump in its sales in July, compared with the same month last year. The company sold 4,283 vehicles, against 3,839 in July 2004. Cumulative sales for the period April-July 2005 was 17,603 vehicles, 18 ... More

    PEOPLE


    Coca-Cola names Atul Singh as head of India division
    COCA-COLA has announced the appointment of Mr Atul Singh as the new President for its India division, replacing Mr Sanjiv Gupta. Mr Singh, at present the company's East, Central and South China division head, will take charge from September 1. ... More
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    Life insurance still the best bet

    Reinsurance helps United India

    Kochi port plans to convert dredged materials to organic manure

    Rains rescue kharif oilseeds from gloom

    Gems and jewellery sector favourite with FIIs: study

    Global terrorism — The Pakistan-Saudi Arabia nexus

    No company shall buy its own shares ...

    In Focus

    BHEL Disinvestment
    The Yuan Revaluation
    Dabhol power regenerated
    Tracking the rains
    Sethusamudram Canal Project
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Jul. 31-Aug. 6
    Growth returns to HLL

    Honda to reinstate suspended, sacked workers

    HM-Mitsubishi to expand operations

    ONGC may have to invest Rs 600 cr to rebuild Bombay High

    No `Swift' delivery

    RIL gearing for retail foray?


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