Financial Daily from THE HINDU group of publications
Friday, January 04, 2002
Markets (Jan. 3)
BL 250983.66 (+11.06)
BSE Sensex3308.02 (+38.86)
S&P CNX Nifty1072.25 (+11.50)
Dollar (Buy/Sell)48.21/48.34
Gold Std(10gm)4630

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CORPORATE

ANNOUNCEMENTS


TCS gets Rs 200-cr order from United Utilities
TATA Consultancy Services (TCS) has signed an agreement for over Rs 200 crore (30 million pounds) order with United Utilities Plc of UK for delivery of IT services. The agreement is for three years running through till March 31, 2005 with an ... More

  • Welspun gets Rs 62-crore Oman order

    PRIVATE PLACEMENT


    Padmalaya Tele in talks with SET for private placement
    PADMALAYA Telefilms Ltd (PTL) is in talks with Sony Entertainment Television (SET) India Pvt Ltd to offer 15 lakh shares (12.5 per cent stake) by way of private placement. The company is also in talks with Walt Disney to offer a strategic stake ... More

    Subex shares for Canada bank
    SUBEX Systems Ltd, the Bangalore-based telecom software company, is raising about Rs 2.137 crore by placing some three per cent of its equity with the Canada-based Toronto Dominion Bank. The board of directors of Subex at its meeting on ... More

    CORPORATE BONDS


    IHCL to raise Rs 370-cr long-term funds
    INDIAN Hotels Company Ltd (IHCL) proposes to raise long-term funds to the tune of Rs 370.6 crore through a combination of a Rs 250 crore private placement of secured premium bonds with warrants and a Japanese yen loan of up to $25 million ... More

    MERGERS & ACQUISITIONS


    FIs meet today to decide on Modi Rubber issue
    THE heads of financial institutions (FIs) are to hold a meeting in Mumbai on Friday to deliberate upon their future course of action on Modi Rubber Ltd (MRL). The FIs — LIC, UTI, GIC, IDBI, IFCI — together controlled about 44.25 ... More

    ALLIANCES & JOINT VENTURES


    Prasar Bharati, TMG pact for `edutainment'
    THE Prasar Bharati has signed a memorandum of understanding (MoU) with technology channel TMG Enter for providing programming to DD Bharati — the new edutainment channel from the national broadcaster. TMG Enter will provide the software ... More

    Ambuja (Eastern) not keen on alliance with Shiva Cement
    CEMENT major Gujarat Ambuja's subsidiary, Ambuja Cement Eastern Ltd (ACEL), which was previously known as Modi Cement Ltd, is not interested in any sort of alliance or joint venture with the Rourkela-based Shiva Cement Ltd. Mr Harshavardhan ... More

    SICK UNITS


    Good response to Burn Standard VRS
    THE BIFR-listed Burn Standard Company Ltd (BSCL) has received an overwhelming response to its VRS, which, if implemented in toto, will pare the engineering company's workforce by half, leaving its mother unit at Howrah with ... More

    Workers anxious over Trayons revival
    Sources close to the Coimbatore-based promoters said that the Government's lackadaisical approach was sending out wrong signals. More

    PERFORMANCE


  • Hyundai Motors sales up 5 pc

    PEOPLE


    B.K. Modi steps down from ModiCorp board
    DR BHUPENDRA Kumar Modi, Chairman and CEO of ModiCorp, today announced that he had stepped down from the board of ModiCorp and would not be involved in the day-to-day management of the company. ModiCorp is a management holding company that ... More
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  • Top Stories
    Padmalaya Tele in talks with SET for private placement


    TCS gets Rs 200-cr order from United Utilities

    Naidu on mission to e-enable rural masses

    Bank strike today

    Govt mulls foreign stake in tuna sector

    Multilateral agencies to be roped in -- Asset reconstruction co equity to private sector

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Dec. 23-Dec. 29
    BSNL slashes STD tariff
    Production of super flat picture tubes -- Samtel's new venture unit to go on stream soon
    Pratt & Whitney to take 18.4 pc in InfoTech
    US courts to finalise fate of Enron's Indian assets


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