Financial Daily from THE HINDU group of publications
Saturday, March 02, 2002
Markets (March 1)
BL 2501132.43 (+38.15)
BSE Sensex3678.75 (+116.44)
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Dollar (Buy/Sell)48.67/48.80

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Indian Hotels raises Rs 300 cr
THE Indian Hotels Company Ltd (IHCL) today informed that it has successfully concluded its planned borrowing programme of Rs 300 crore. According to an official statement, the instruments used to raise the amount were: (a) Rs 100 crore in the ... More

  • SAIL programme downgraded

    MERGERS & ACQUISITIONS


    Reliance Industries, RPL to be merged
    THE Reliance group today announced the merger of its two flagship companies to create a Rs 65,000-crore (approximately) integrated giant in the oil refining, petrochemicals and textiles sector. The group said it would merge Reliance Petroleum Ltd ... More

    RPL-RIL merger: Excellent synergies, smart timing?
    IT is a behemoth that was long in the making. Given the evolutionary history of the Reliance group, the proposed merger of Reliance Petroleum with Reliance Industries will not surprise company watchers. Reliance Industries as we know it today ... More

    Gulf Oil, IDL get set to tie the knot
    IDL Industries Ltd, engaged in the manufacture of commercial explosives, and Gulf Oil India Ltd have decided to merge. The merged entity is expected to have a turnover of Rs 400 crore and consolidate the presence of the Hinduja group in the ... More

    Berger acquires ICI's stake in joint venture
    BERGER Paints India Ltd recently acquired from ICI Ltd, its 50 per sent shareholding in Berger Auto & Industrial Coatings Ltd, a 50:50 joint venture unit set up by both the companies in May 2001. The nominee directors of ICI on the board of the ... More

    NEW PROJECTS


    Maruti to expand service network
    MARUTI Udyog (MUL) is making a renewed foray into company-owned service stations and has drawn up plans for enhancing its reach in this segment nationwide. A network of service stations, under the brand name Maruti Service Masters (MSM), is set ... More

    REGULATORY BODIES & RULINGS


  • Fewer cos registered in Dec '01

    SICK UNITS


    BIFR to issue notice for Kothari Sugars wind-up
    THE Board for Industrial & Financial Reconstruction (BIFR) has directed issuance of a show-cause notice for winding up Kothari Sugars & Chemicals Ltd (KSCL). At the recent hearing, noting that all efforts to revive KSCL had failed despite ... More

    OUTLOOK


    APM dismantling, cess spoil ONGC's party
    OIL and Natural Gas Corporation (ONGC) has ended up as the biggest loser in the process of freeing up the petroleum sector. After the dismantling of the administered price mechanism, the doubling of cess on local crude from Rs 900 per tonne to ... More

    Huawei plans to invest $30 m
    HUAWEI Technologies, which registered revenues of $3.080 billion for 2001, said that it would invest $30 million in India. A press release issued by the company said that the employee strength would go up from 505 to 850 in 2002. Over the ... More

    PERFORMANCE


    Hanuman Junction turns around
    FOLLOWING the privatisation process of Hanuman Junction Mill, which was taken over by Delta Sugars Ltd, the mill has turned corner and cane growers too are now in a position to secure assured payment, according to the Implementation Secretariat ... More

    PEOPLE


  • New Hyundai chief

    TRENDS


    Cos queue up to declare dividends -- Promoters, institutions to benefit
    THE proposed removal of regime of benevolent tax treatment of dividends has had a predictable response from the corporate sector. Companies have queued up to declare interim dividends to ensure that shareholders get the benefit of the existing ... More

    NEW PRODUCTS & SERVICES


    Maruti to roll out special edition 800 model
    MARUTI Udyog Ltd on Friday said it is launching a special edition of the country's largest selling 800 cc car, called the Maruti 800 Special. The Special comes with body graphics, body-coloured bumpers and a body-coloured grille. It also has a ... More
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  • Top Stories
    Sinha `scraps' milk shed concept


    `One can't have a road-map every year'

    Gulf Oil, IDL get set to tie the knot

    Reliance Industries, RPL to be merged

    Sinha for linking interest rates to inflation

    A forgettable day for Gujarat businesses

    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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