Financial Daily from THE HINDU group of publications
Friday, February 08, 2002
Markets (Feb. 7)
BL 2501062.06 (-10.97)
BSE Sensex3436.94 (+9.55)
S&P CNX Nifty1110.45 (-2.65)
Dollar (Buy/Sell)48.65/48.78
Gold Std (10gm)4900 (+10)

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ANNOUNCEMENTS


Henkel SPIC expects $10-m aid from parent
HENKEL SPIC India today said it expected a "$10-million support" from its German parent, Henkel. This support could be in any form such as interest-free loan or guarantee to a bank. Henkel SPIC spent Rs 48 crore on marketing last year and ... More

Vizag Steel repays Rs 149-cr loans
VIZAG Steel Plant (VSP) has repaid Rs 149 crore towards term loans and bonds during the April-December 2001 period as against Rs 57 crore during the same period in 2000. Pointing out that this was possible because of dynamic strategies on fund ... More

CREDIT RATING


Crisil reaffirms ratings of Tata group cos
CRISIL on Thursday reaffirmed the outstanding `AAA / FAAA' ratings of Tata Sons Ltd (TSL), `AAA / P1+' of Tata Power and `AA+ / FAAA / P1+' of Tata Steel. These companies, along with Tata Industries, were named recently as the Tata Group ... More

NEW PRODUCTS & SERVICES


Eicher targets corporates with Voila
EICHER Motors (EML) will target educational institutions and corporates with its latest offering, "Voila'', a 34-seater bus priced at Rs 8.25 lakh, its second after the Skyline range. Mr Rajesh Kalra, CEO of EML, told presspersons here, that ... More

MERGERS & ACQUISITIONS


UB set to soak South with latest buyout -- Snares GMR Vasavi, Empee
THIS is Mr Vijay Mallya's biggest-ever strike on small brewers. The UB group is sewing up two strategic deals in the crucial southern beer markets. The beer major has struck a Rs 55-crore deal with GMR to snap up the latter's brewery in Andhra ... More

E&Y advice clinched IBP deal for IOC
THE aggressive bid of Indian Oil Corporation (IOC) for acquiring a controlling stake in IBP was based on the recommendation of its consultants, Ernst and Young, according to industry sources. The consultants had recommended a valuation of Rs ... More

NEW PROJECTS


Ceebros plans boutique hotel
BOUTIQUE hotels seem to be the in thing these days. Ceebros Hotels Pvt Ltd, part of the real estate company, Ceebros Property Development Pvt Ltd, plans to put up a four-star boutique hotel in Chennai. Mr N. Subba Reddy, Chairman, Ceebros ... More

Regency Karaikal unit by March likely
REGENCY Ceramics is planning to commission its unit at Karaikal (Pondicherry) during this financial year. The unit, being built at a cost of Rs 25 crore, will have a production capacity of 6,000 square metres a day, Mr K. Chandrasekhar, ... More

REGULATORY BODIES & RULINGS


Co directory on CD released
THE Department of Company Affairs (DCA) has issued Company Directory Series-3 giving details of 5.8 lakh companies registered under the Companies Act, 1956 as on March 31, 2001. The details comprise name, address, incorporation, product and ... More

DCA to issue loan guidelines
IN a bid to be more transparent and corporate-friendly, the Department of Company Affairs (DCA) is said to be formulating guidelines for the general public to facilitate smoother clearance of applications for loans and guarantees to directors as ... More

ALLIANCES & JOINT VENTURES


SPIC may exit Jordan venture
AFTER nearly a decade of having set up the joint venture company, Indo-Jordan Chemicals Company, SPIC now wants to exit the venture. It has appointed Rabo Bank for studying the move. The logic behind the move, as outlined by a very senior ... More

Zigma Soft pact with Whirlpool
BANGALORE: Zigma Software has tied up with white goods manufacturer Whirlpool to provide design consultancy services. This tie-up had a service revenue potential of Rs 50 crore, said a company press release. Zigma would get a share of ... More

INTERVIEW


HPCL to go the extra mile to sell retail
HINDUSTAN Petroleum Corporation Ltd (HPCL), the public sector oil giant, is reinventing itself. Come next month, the company plans to introduce a new retail strategy. Business Line caught up with Mr N.K. Puri, Director ... More

STANDARDS & BENCHMARKS


24/7Customer.com bags COPC-2000
24/7 Customer.com, a provider of outsourced customer support services and solutions, on Wednesday announced that its Bangalore-based customer contact centre had bagged the COPC-2000 certification for its inbound e-mail services. It had also got ... More

OUTLOOK


Sugar decontrol -- Balrampur Chini to wait and watch
The company has decided to increase its capacity from 25,000 tonnes crushed per day to 40,000 tonnes crushed per day in the next three years. More

Hughes Software may miss revenue targets
THE earnings target of Hughes Software Systems, the software arm of the Hughes Group, may suffer a setback with the technology spend in telecom sector declining. The President and Managing Director, Mr Arun Kumar, told newspersons that the ... More

PEOPLE


  • G.N. Bajpai is SHCIL chief
    Scoreboard
    SE Diary
    Comments & Letters to the Editor to: bleditor@thehindu.co.in
  • Top Stories
    Tanners face uncertainty as relocation deadline nears


    Hotels post 60 pc drop in forex earnings

    UB set to soak South with latest buyout -- Snares GMR Vasavi, Empee

    ISEC to pick up stake in sugartrade.com

    Nasscom steps outlined for IT-enabled sector

    Asset reconstruction company -- World Bank opts out; ADB, IFC seek time

    Gold zooms to 5-year high

    Pay hikes seen hitting rock bottom: Survey

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Jan. 27-Feb. 2
    Institutional directors of Govt cos 'independent'

    Bharti launches NLD operations

    $1.3-b overseas borrowings -- Reliance set to pay hefty withholding tax

    DX Tech enters e-publishing

    Reviving the market by IPOs

    French tractor major buys out Thapars in 2 ventures

    Infosys forays into testing space

    Herbertsons issue -- Mallya, Chhabria may bury hatchet


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