Financial Daily from THE HINDU group of publications
Tuesday, February 26, 2002
Markets (Feb. 25)
BL 2501121.19 (-1.43)
BSE Sensex3613.51 (+9.43)
S&P CNX Nifty1165.45 (+1.95)
Dollar (Buy/Sell)48.77/48.90
Gold Std (10 gm)4900 (+10)

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ANNOUNCEMENTS


ITC ready to export rice in a big way
THE international business division of the ITC is willing to take up rice exports on a large scale if the Food Corporation of India (FCI) agrees to waive the one per cent market cess on paddy, as it is proving to be uneconomical, Mr S. Sivakumar, ... More

HP launches IT lab in India
HP has announced the launch of HP Labs India in Bangalore, which will develop low-cost innovative solutions for the local market. HP Labs India is the seventh such centre in the world and is part of the company's worldwide strategy to take IT to ... More

Ranbaxy gets marketing rights for Nifedipine
RANBAXY Laboratories Ltd and Penwest Pharmaceuticals Co of the US on Monday announced that they have entered into an agreement, which gives Ranbaxy exclusive marketing rights for Nifedipine XL in select markets. Under the agreement, Ranbaxy ... More

Strike at Toyota plant banned
THE ongoing strike at Toyota Kirloskar Motors (TKM) has entered a new phase with the State Government referring the dispute to the labour court and banning the strike. Mr D.N. Narasimha Raju, Commissioner of Labour, told Business Line ... More

  • Escorts strike off

    PREFERENTIAL ALLOTMENTS


    DCA seeks details about Hutchison equity pattern
    The department's attention has been drawn to the fact that despite sticking to the 49 per cent FDI cap in telecom, the Hong Kong-based company has managed to acquire management control indirectly through a "complex financial engineering exercise''. More

    CORPORATE DISPUTES


    Malaysian company suit against Incab shareholder
    LEADER Universal Holding Berhad , a Malaysian company claiming to be the chief promoter of Incab Industries Ltd (Incab), has filed a suit against Mr S.P. Arya, a shareholder of Incab, asking for a mandatory injunction. The injunction has been ... More

    RESTRUCTURING


    Taib Bank set to exit Mindteck
    Increasing focus on high-ended embedded systems applications and Web-services businesses would help Mindteck shore up its net margins six months down the line, Mr Sumit Ganguli said. More

  • Siel sells Titawi sugar complex
  • Parent seeks nod to infuse $20 m in Gillette India

    MERGERS & ACQUISITIONS


    Parent seeks nod to raise stake in Nestle India
    NESTLE India Ltd has informed the Bombay Stock Exchange that Nestle SA Group, Switzerland is seeking approval of the Government to acquire up to 10 per cent of the equity shares from the other shareholders of the company as and by way of creeping ... More

    ALLIANCES & JOINT VENTURES


  • VeriFone ties up with TVS-E

    EVENTS


    Prabhu stresses need to conserve energy
    THE Minister for Power, Mr Suresh Prabhu, has said that there is an urgent need to take up major programmes for conserving energy to meet the country's growing demand for electricity. Speaking at the launching of the Indian Industry Programme ... More

    DIVERSIFICATION


    CESC strategy gets top `bill'ing
    CESC, the first company to have distributed electricity in India on a utility basis, 100 years ago, is planning to diversify — not into an associated line of business but into a radically new area such as event management. Matters are ... More

    OUTLOOK


    HDFC hopeful of doubling business in Gulf
    THE Housing Development Finance Corporation (HDFC) is looking at doubling its business in the Gulf this year in view of the growth potential offered by its expanding NRI customer base in the Gulf states, said Mr Deepak Parekh, Chairman, ... More

    Godrej & Boyce bets on security equipment -- Turnover seen doubling in 4 years
    THE turnover of Godrej & Boyce Mfg. Co's security equipment division is expected to touch Rs 200 crore, up from around Rs 100 crore at present, within the next four years, according to Mr Dara Byramjee, Vice-President & Business Head of the ... More

    PERFORMANCE


    Fleet-footed, they overtake slowdown
    THE current economic slowdown may be a reality, but not all companies are teary-eyed. Some have proved they could outperform the economy. But success has come through different routes. For Grundfos Pumps India for example, success came riding ... More
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  • Top Stories
    Oilseed, vegoil sectors anxious about Budget


    FMCG cos exercised over excise duties

    Mitsui pulls out of race for SCI stake

    Is market headed for correction?

    New telecom rules may hit NLD operators

    Farmer group set to take SBI Life cover

    Tough agenda for Finance Minister

    DCA seeks details about Hutchison equity pattern

    Put reforms on the fast track: Narayanan

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Feb. 17-Feb. 23
    Sponsored ADR/GDR programme to be liberalised -- Cos may get nod to divest in unlisted arms abroad

    DCA tightens norms on loans to directors

    Board meetings may go hi-tech

    HP in pact to help AP bridge digital divide


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