Financial Daily from THE HINDU group of publications
Saturday, January 12, 2002
Markets (Jan. 11)
BL 250983.62 (-10.64)
BSE Sensex3362.88 (-19.08)
S&P CNX Nifty1088.55 (-9.65)
Dollar (Buy/Sell)48.36/48.49
Gold Std (10gm)4750 (+20)

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CORPORATE

COURTS/LEGAL ISSUES


Court asks CESC to pay Rs 3 cr to Damodar Valley
A DIVISION Bench of the Calcutta High Court comprising Mr Justice T. Chatterjee and Mr Justice A.K. Bisi on Friday directed CESC Ltd to pay Rs 3 crore to Damodar Valley Corporation within 7 days from date. The court directed DVC to continue ... More

NEW PRODUCTS & SERVICES


  • Synergies-Dooray to launch new range

    RESTRUCTURING


    SHCIL to refashion IT wing
    STOCK Holding Corporation of India Ltd (SHCIL) is keen on refashioning its information technology division into a separate profit centre, with powers to take up its own marketing and client-servicing initiatives. The IT wing, which engages ... More

    NEW PROJECTS


    Agfa Gevaert to bolster position in healthcare
    AGFA Gevaert, the 5-billion euro company headquartered in Belgium, has chalked out a plan to further consolidate its position in the Indian healthcare market through its subsidiary, Agfa India. Agfa has three major business groups — ... More

    TRADE & LABOUR UNIONS


    Shaw Wallace staff accept revised VRS
    SHAW Wallace & Company (SWC) is optimistic that it will soon be able to resume normal operations from Wallace House at 4, Bankshall Court Street, here, as all the remaining unionised employees at its registered office have agreed to opt for the ... More

    ALLIANCES & JOINT VENTURES


    TCS in talks with LIC for joint venture
    The idea is to leverage LIC's expertise in finance, especially insurance, and the technological skills of a company like TCS. The company is expected to hawk insurance solutions, initially in the domestic market, but later on across the globe. More

    With original pact lapsing -- British Gas to revise bid for Enron oil field stake
    BRITISH Gas India Pvt Ltd (BGI) will be presenting its revised bid for 30 per cent stake in the Panna, Mukta and Tapti fields to the Enron Credit Committee in the next two weeks' time. This follows the BGI's original agreement with Enron ... More

    Hutchison to provide voice messages
    MUMBAI: Hutchison Max Telecom announced a tie-up with the Sabeer Bhatia-promoted TeliVoice to provide global voice messaging services (VMS) to its subscribers. The alliance will allow subscribers of Hutchison-affiliated brands such as ... More

    Rao Technologies plans call centre
    COIMBATORE: The Coimbatore-based Rao Technologies has entered into a technical tie-up on a turnkey basis with Global Telesystems for the establishment of a call centre project in Coimbatore. The proposed outlay for this 120-seater ... More

    Buena Vista TV, McDonalds tie-up
    MUMBAI: Buena Vista Television India (BVTI) has tied up with McDonalds for the first McDonalds-Disney Hour Kids' Awards. An exclusive property of McDonalds and Disney, the McDonalds-Disney Hour Kids Awards will have nominations across ... More

    EVENTS


    Intaglio gets under way
    INTAGLIO, the National Business School Meet (NBSM), is being held here under the aegis of Indian Institute of Management, Calcutta (IIM-C) between January 11 and 14. The meet is expected to bring together the best management brains in the ... More

    DIVERSIFICATION


    TTK forays into services sector
    THE TTK group has announced its foray into services sector through the launch of a new firm, TTK Services Ltd. The new firm is aimed at serving overseas Indians planning transactions in India. Under the TTK NRI Services brand, the company ... More

    STANDARDS & BENCHMARKS


    Jindal Praxair gets ISO 14001
    JINDAL Praxair Oxygen Company Ltd , a joint venture between the US-based industrial gas supplier, Praxair Inc, and Jindal Vijaynagar Steel Ltd, has received the ISO 14001 certification. The certification signifies the company's conformity with ... More

    SICK UNITS


    IDBI to submit revised scheme for Mafatlal Ind
    THE Industrial Development Bank of India (IDBI) has been directed by the Board for Industrial & Financial Reconstruction (BIFR) to submit a revised rehabilitation proposal for the ailing Mafatlal Industries Ltd (MIL) incorporating its response to ... More

    OUTLOOK


    Borland aiming for 60 pc growth
    Borland is focussing on verticals such as finance, telecom, hi-tech engineering and government and education in the Indian market. More

    PERFORMANCE


    SAIL's marketing plan backfiring: Unions
    STEEL Authority of India's (SAIL) market share is projected to fall to around 23 to 24 per cent during fiscal 2001-02 going by the figures made available to Business Line by the All India Coordination Committee of SAIL Employees' ... More

    Durgapur Steel earns Rs 24 cr by leasing houses
    DURGAPUR Steel Plant (DSP) has earned Rs 24 crore by leasing out over 1,400 houses and the third phase of the scheme is now getting under way. A DSP release said that the additional revenue generation, coupled with various cost-cutting and ... More

    HLL, Infosys bag award for `wealth creation'
    HINDUSTAN Lever Ltd and Infosys Technologies Ltd have bagged the `Wealth Creation Award' from broking firm Motilal Oswal. According to a study by Motital Oswal, these companies have created the highest wealth for their shareholders based on ... More

    BUYBACK


    Shareholders okay Godrej buyback
    THE shareholders of Godrej Consumer Products Ltd (GCPL) have approved the proposal for buyback of equity shares of the company. The company had announced a buyback plan to purchase equity shares of Rs 4 each at a price not exceeding Rs 100 for ... More

    ANNOUNCEMENTS


    Gogia wants to acquire deemed FII status -- Proposes to open offices abroad
    THE Delhi-based stockbroking company, Gogia International Securities Ltd (GISL), has firmed up plans for a global presence by proposing to open six foreign offices during the next three months. The offices will come up in Abu Dhabi, Singapore, ... More

    Dr Reddy's Lab to sponsor diabetes research
    DR Reddy's Laboratories Ltd is sponsoring a five-year collaborative research study between the Madras Diabetes Research Foundation (MDRF), Chennai, and the Indian Institute of Science (IISc), Bangalore, on the genetics of diabetes and insulin ... More

    OPEN OFFERS


    Zuari open offer for Sri Vishnu at Rs 147.30
    ZUARI Cement Ltd is making an open offer to acquire 5.30 per cent stake in Sri Vishnu Cement at Rs 147.30 per share. Lazard India Ltd on behalf of Zuari Cement Ltd is making the offer to acquire up to 12,55,640 fully paid-up equity shares and ... More
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    Comments & Letters to the Editor to: bleditor@thehindu.co.in
  • Top Stories
    Markets hit by war fears; Sensex sinks, recovers


    Mobile subscribers touch 5.48 m

    After Bt cotton, it's GM mustard -- Proagro begins large-scale trials of hybrid variety

    Industrial growth slumps to 0.9 per cent in Nov

    90% excise duty on petrol, 24% on diesel -- Prices for consumers cut marginally

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Dec. 30-Jan. 5
    LIC arm to buy GLFL Housing Fin portfolio

    TCS gets Rs 200-cr order from United Utilities

    Bharti to join the cellular brandwagon in Mumbai


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