Financial Daily from THE HINDU group of publications
Thursday, February 14, 2002
Markets (Feb. 13)
BL 2501093.03 (+17.56)
BSE Sensex3519.87 (+22.19)
S&P CNX Nifty1135.10 (+5.60)
Dollar (Buy/Sell)48.64/48.77
Gold Std (10gm)4940

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ANNOUNCEMENTS


Shaw Wallace set to seal tie-ups abroad
SHAW Wallace & Company Ltd is in talks with three global wine-makers based in France, Australia and the US for marketing international brands in India. The company was likely to wrap up the deal by March-end, Mr Amar Sinha, Director, Shaw ... More

CORPORATE DISPUTES


Tata Salt, HLL's Annapurna cross swords over ad
AFTER colas and toothpaste, the stage is set for another potential ad war on the fast moving consumer goods front. This time around, it is the good old salt which is turning out to become the bone of contention between two major players. Tata ... More

Khaitans to acquire Magor stake in group cos
THE Khaitans have agreed to buy out the Magors' stake in different group companies within a month or two. This is the first major attempt from the two sides to find an amicable solution to the cross-holdings problem. The two groups, which ... More

OVERSEAS BORROWINGS


RBI approves ADR/GDR re-issue
THE limited two-way fungibility of ADRs/GDRs has become operational, and the Reserve Bank of India (RBI) on Wednesday issued necessary guidelines following approval by the Government. The approval, which provides investors with greater ... More

Govt eases norms for ADRs, GDRs
THE Government on Wednesday operationalised the two-way fungibility scheme for American depository receipts (ADRs) and global depository receipts (GDRs) announced in the 2001-02 Budget. Indian companies will now be in a position to re-issue ... More

MERGERS & ACQUISITIONS


VSNL enters Tata family
THE Tatas formally acquired 25 per cent equity stake in Videsh Sanchar Nigam Ltd (VSNL) on Wednesday by signing the shareholders' agreement with the Government. Mr Ratan Tata, Chairman of the Tata group, handed over a cheque for Rs 1,439 crore ... More

BSNL almost jammed Tata lines
THE Tata group has taken strategic management control of Videsh Sanchar Nigam Ltd (VSNL) by beating two contenders, and not just Reliance, as is widely believed. According to official sources, a few days prior to the placing of financial bids ... More

Of saabs, wedlock and TV soaps
AT Videsh Sanchar Nigam Ltd (VSNL), life orbits around the inevitable saab. Disinvestment, seemingly a hiatus in the journey from one master to another. The sale of its 25 per cent equity to the Tatas struck a note of realism today with ... More

Sika AG buying out Indian partner's stake
GLOBAL construction chemical major, Sika AG, whose annual turnover is over 1.9 billion Swiss franc, is buying out its Indian partner's stake in the Kolkata-based Sika Qualcrete Ltd. Company sources said that Sika AG has already received the ... More

  • Raymond acquires HGI Files

    CORPORATE GOVERNANCE


    FIs asked to submit immunity proposal
    THE Department of Company Affairs has asked the financial institutions (FIs) to submit a proposal, which will seek to grant immunity from prosecution to their nominees on the boards of companies, which default on deposits, debt payment and ... More

    NEW PROJECTS


    Divi's Lab plans bulk unit in Vizag
    THE Hyderabad-based Divi's Laboratories Ltd (DLL), an exporter of bulk drug, is planning to expand its operations in the State by setting up a Rs.100-crore multi-purpose bulk drug manufacturing unit at Chippada village near Visakhapatnam. DLL, ... More

    TRADE & LABOUR UNIONS


    Implement wage revision, say Paradeep staff
    EVEN as the imminent privatisation of Paradeep Phosphates Ltd (PPL) looms large on the horizon, employees of the sick public sector undertaking have reiterated their demand that wage revision — as approved by the PPL's board of directors on ... More

    ALLIANCES & JOINT VENTURES


    Air India to go it alone in Gulf
    THE joint venture operations between Air India and Indian Airlines on the Gulf-Kozhikode sector have been discontinued from February 12 and Air India is looking at increasing frequencies on the UAE- Kozhikode sector, according to a senior ... More

    SUPPLY CHAIN MANAGEMENT


    TI implements Oracle 11i
    NEW DELHI: Enterprise software major, Oracle India, has said the Chennai-based Tube Investments Ltd (TI) has implemented the Oracle 11i e-business suite for better planning and inventory control. ``What we were missing was a holistic ... More

    SICK UNITS


    Binny makes final payments on VRS; to take up CFS
    THE Chennai-based Binny Ltd made the final payments on Monday on the Rs 68 crore Voluntary Retirement Scheme, according to company officials. It is now set to commence its other projects under the rehabilitation scheme, including the container ... More

    PERFORMANCE


    Nalco Jan output exceeds target
    THE production of aluminium cast metal by National Aluminium Company Ltd (Nalco) during January was 20,587 tonnes against a target of 19,500 tonnes. The cumulative production up to January was 1,94,383 tonnes against the target of 1,92,600 ... More

    Cadila sulfolane for Taiwan co
    CASIL Health Products Ltd (CHPL), a group company belonging to the Ahmedabad-based Cadila Pharmaceuticals, has executed Rs 1.5-crore worth sulfolane (tetramethylene sulfone) order from Chinese Petroleum Corporation, Taiwan. With applications ... More

    NEW PRODUCTS & SERVICES


    New range of products launched by ebm-Nadi
    THE Chennai-based ebm-Nadi International Pvt Ltd, an Indo-German joint venture, has announced the launch of a range of brushless DC motors, axial fans, ventilation fans and accessories for the domestic, commercial and industrial ... More
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    Comments & Letters to the Editor to: bleditor@thehindu.co.in
  • Top Stories
    BPCL, HPCL divestment -- Govt to pre-empt monopolies


    Rubco floats tender to export 10,000 tonnes

    VSNL enters Tata family

    Leasing body working on common business code

    RBI approves ADR/GDR re-issue

    All set for the UP battle

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Feb. 3-Feb. 9
    Companies fight shy of meaningful disclosures

    Some home truths about Chinese threat

    VSNL seeking lower `settlement' rate -- Overseas calls set to be cheaper

    Wipro campus recruits told to wait till 2003

    US accounting industry in for `major overhaul'

    Indian Oil set to acquire IBP

    Bajaj Auto aims to pip Hero Honda

    Tatas hit jackpot with VSNL

    Hyundai planning to come out with IPO

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

    Zuari-Chambal bids for Paradeep Phos


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