Financial Daily from THE HINDU group of publications
Saturday, December 29, 2001
| Markets Yesterday |
BSE Sensex 3184.44 (+52.66) S&P CNX Nifty 1033.80 (+13.80) S&P CNX 500 682.70 (+13.80) Dollar (Buy/Sell) 48.20/48.34 Gold Std(10gm) 4625 (-15) |
Financial Daily from THE HINDU group of publications Saturday, December 29, 2001 |
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News Update
Corporate Industry & Economy Opinion Markets Money & Banking Agri-Biz & Commodities Logistics Lifestyle Features Info-Tech Marketing Government Index
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INDUSTRY & ECONOMY FOODS & FOOD PROCESSING Hatsun Agro merger with Ajith cleared THE Madras High Court has approved the merger proposal of Hatsun Agro Product Ltd and its subsidiary Ajith Dairy Industries Ltd, according to information provided by Hatsun to the stock exchanges. It may be recalled that Hatsun Agro Product ... More MEDICAL INSTITUTIONS & HOSPITALS Hospitals need a shot INTERNET Job-seekers caught in catch-22 situation TO lie or speak the truth. It is a tricky situation a job seeker often finds himself in. Around two-thirds of job-seekers lie during interviews in an effort to improve their employment opportunities, a survey by an online career site ... More IT TRAINING Trainers learn tough lessons in survival IT was a mixed year for the IT education industry in the organised sector. Serious players with strong fundamentals prospered even as their weaker cousins failed to survive the onslaught of the global economic slowdown. Among the reasons ... More METALS THE possibility of Sterlite Industries announcing a buyback plan may not lead to any significant improvement in the stock price. The company's board is to meet on December 28 to consider buyback of shares. The ... More
Sterlite to extinguish shares after buyback PAPER, BOARD & NEWSPRINT Advertise for change at Khaitan Paper, IDBI told THE Board for Industrial & Financial Reconstruction (BIFR) has directed the Industrial Development Bank of India (IDBI) to advertise for change of guard for Khaitan Paper Machines Ltd. IDBI, the operating agency (OA), had submitted the ... More INDUSTRY ASSOCIATIONS Nasscom plans for enabled services yet to take off THE $100-million venture capital fund and the Rs 20-crore `India Brand' marketing fund mooted by the National Association for Software and Services Companies, (Nasscom) for the IT-enabled services (ITES) sector are yet to materialise due to lack ... More FOREIGN PORTFOLIO INVESTMENT Japan keen to tap India's market potential THE Japanese assessment of India as an investment destination is steadily improving and they wish to seek India's potential in areas where India has the comparative advantage. Some of the factors like huge market potential and cheap labour cost ... More BUDGET Restore full tax sops on export profits: FIEO THE Federation of Indian Export Organisations (FIEO) has made a case for restoration of full income-tax exemption on export profits. In a pre-Budget memorandum, the FIEO has stressed the need for such exemptions till such time the country's ... More CONSUMER ELECTRONICS PRODUCTION OF SUPER FLAT PICTURE TUBES Samtel's new venture unit to go on stream soon COLOUR picture tube manufacturer Samtel Color Ltd will start manufacturing super flat colour picture tubes from a green field site near Delhi starting January end, company sources said on Friday. The new factory, adjacent to the existing ... More ELECTRONICS MUMBAI: Siemens Ltd has divested its entire stake in Siemens Public Communication Networks Ltd (SPCNL) through an open offer from SPCNL. Siemens divested its stake aggregating 31,25,000 equity shares of Rs 10 each for Rs 67 per share ... More ENGINEERING Our Bureau MUMBAI: Thermax Ltd has informed the Bombay Stock Exchange that subsequent to an agreement between the joint venture partners, namely the company and Culligan International Co, US (Culligan), the company has acquired the 50 per cent equity ... More FERTILISERS New pricing formula soon for urea THE remaining Government control on the domestic fertiliser industry and trade will be withdrawn soon, facilitating availability of all varieties of fertilisers to the farm sector at market-driven prices. This was indicated by Mr S.B. Mukherjee, ... More HOTELS GRT Grand Days to consolidate GRT Grand Days will focus on consolidation following its recent acquisition of a hotel property in Chennai and the proposed acquisition of the India Tourism Development Corporation Ltd (ITDC) holiday resort located near Mahabalipuram. At a ... More INFORMATION TECHNOLOGY
HC clearance for Aptech demerger MUTUAL FUNDS SBI MF launches new children's benefit plan SBI Mutual Fund today introduced the `Magnum Children's Benefit Plan', an open-ended scheme targeted at ``securing the future of children". The scheme will remain open from December 28 to January 25, 2002 and will reopen for resale and ... More
UTI set to launch new schemes PSU SEBI alters norm for PSU open offer price ]I
Jessop staff stir against privatisation
NGEF privatisation plan runs aground again PHARMACEUTICALS Max India acquires 85 pc stake in healthcare services company MAX India Ltd (MIL) today announced that it has acquired an 85 per cent stake in MMK Ltd., a company which will provide consultancy, specialised medical and non-medical services as well as equipment to the healthcare sector. MMK Ltd is expected ... More POWER Will hydrogen be the future energy source? THE Murugappa Chettiar Research Centre (MCRC) of Chennai, after a decade-long study of photolytic bacteria, has developed the process for production of hydrogen sustainably from spent distillery wash, sago waste and whey in the laboratory, ... More RUBBER RUBBER PRODUCTS Capexil seeks grant for US market survey AS part of the new programme for market enhancement activities in the US for Indian rubber manufactured products, under the Market Access Initiative (MAI) scheme of the Government, Capexil has submitted a detailed project plan to the Government, ... More SHIPPING Star Cruises offer for senior citizens STAR Cruises, the First Global Cruise Line, has announced a special package for senior citizens who are above the age of 50 years on two of its voyages. This package is valid on SuperStar Virgo (which sails from Singapore to exotic islands of ... More TAXATION CENTRAL SALES TAX RATE TO BE RETAINED AT 4 PC Common norms on VAT planned THE Finance Ministry has decided to prepare common guidelines for a value-added tax (VAT) legislation that can be replicated by States. It will also move the Cabinet for promulgating an Ordinance to amend the Central Sales Tax (CST) Act. The ... More
Excise collections up; customs front bleak TELECOMMUNICATIONS Cell operators cry foul R
Modicorp keen on VSNL stake
BSNL slashes STD tariff
Govt nod for VSNL special interim RADIO/TV WorldSpace sees big gains in the long run DIGITAL DTH radio came into India with WorldSpace starting broadcasts on its AsiaStar beam in September 2000. With the brand catching the consumer's fancy, there will soon be much more on offer in terms of hardware and software at affordable ... More
More time for private FM operators likely
New DD, AIR chiefs EDUCATION XLRI courses via Hughes network KOLKATA: Xavier Labour Relations Institute (XLRI) is going in for satellite-based management programmes in association with Hughes Escorts Communications Ltd (HECL). The Jamshedpur-based B-School will offer management development ... More HCV/LCV/TRACTORS With regard to the news report `Amol Sandil quits Ashok Leyland' published on December 28, it is clarified that Mr Amol Sandil joined Ashok Leyland in July 1996 and took over as its Executive Director (Marketing) in 1997. Previously, he was with ... More TWO/THREE WHEELERS TVS Motor seeks early end to licence pact with Suzuki TVS Motor Co Ltd (previously TVS-Suzuki Ltd) has sought an early end to its licence agreement with Suzuki Motor Corporation, Japan. In a communication sent to the stock exchanges today, TVS Motor Co said that the amended licence agreement ... More Send: Letters to the Editor to: bleditor@thehindu.co.in with full postal address Comments to: thehindu@vsnl.com |
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