Financial Daily from THE HINDU group of publications
Wednesday, May 08, 2002
Markets (May 7)
BL 2501159.23 (+5.34)
BSE Sensex3423.75 (+39.40)
S&P CNX Nifty1110.70 (+9.75)
Dollar (Buy/Sell)48.92/49.05
Gold Std (10 gm)5200 (+10)

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CORPORATE

ANNOUNCEMENTS


Thapar group co shelves greenfield coal ventures
KARAM Chand Thapar & Bros. (C.S.) Ltd of the Thapar group has shelved its plan to set up greenfield coal projects as joint ventures. The decision follows the Centre's inability to amend the Coal Mines Nationalisation Act allowing the private ... More

PRIVATE PLACEMENT


Compudyne to raise Rs 25 cr via pvt placement
MULTIMEDIA and software developer Compudyne Winfosystems Ltd plans to raise Rs 25 crore through privately placing a part of its equity with financial institutions and overseas corporate bodies. Accruals would be used to fund its new ... More

CORPORATE DISPUTES


MTNL blames ITI for Dolphin woes
The company has told DoT that it may be reviewing its contract with ITI, in view of its detrimental impact on its cellular operations. More

AWARDS & HONOURS


  • Award for BHEL Tiruchi

    COURTS/LEGAL ISSUES


    Philips told to convene EGM on June 19
    MR Justice G.C. Gupta of the Calcutta High Court on Tuesday ordered Philips India Ltd to hold a meeting of its shareholders on June 19 at the Science City Auditorium, Kolkata, for the purpose of considering the proposed scheme of amalgamation of ... More

    ACCOUNTANCY


    Govt may dissolve ICWAI council; sends notice
    THE Central Government has issued a notice to the council of the Institute of Cost and Works Accountants of India (ICWAI) for violation of some of its directives. "We have issued this notice under Section 35 of the ICWAI Act, 1959, which allows ... More

    MERGERS & ACQUISITIONS


    Friday Corp acquires VANS Info
    FRIDAY Corporation, a Delhi-based content aggregating company, has said it has acquired the business information division of VANS Information Ltd in an all-stock deal. According to Mr Vishal Dhar, CEO of Friday Corp, VANS Information Ltd will ... More

  • Eonour Soft CEO raises stake in co

    ALLIANCES & JOINT VENTURES


    BHEL joins hands with German co
    BHARAT Heavy Electricals Ltd (BHEL) has entered into a technical collaboration agreement with Turbo Luftechnik GmbH (TLT), Germany, for acquiring technology to design and manufacture high-efficiency fans used in 660 MW super-critical power ... More

    INTERVIEW


    `Alcaast buy to boost Wellwin profitability by 20 per cent'
    "Currently, Wellwin Industry is rated as "AAA" account by Bank of India, charging 13.25 per cent interest on fund based working capital facilities. We have been insisting on them to rate our company as a "PLR company" and charge only 12.5 per cent." More

    EXPORTS & IMPORTS


    Growell, Mitcon join hands
    WITH an intention of taking IT education in Marathi to all schools in Maharashtra, Growell IT'Skool, providers of IT learning solutions for children in the age group of 3-16, has joined hands with MITCON Ltd. The companies have launched `e ... More

    DIVERSIFICATION


    JK plans to enter insurance broking
    WITH the insurance industry set to witness the entry of brokers for the first time, JK Industries of the Hari Shankar Singhania group has drawn up elaborate plans to enter the insurance broking business with a proposed initial investment of about ... More

    OUTLOOK


    India Inc views long term with greater optimism
    INDIAN businesses may find the `near term' rather daunting, what with the heightened competition and a squeeze on profit margins. But they well might be viewing the `long term' with greater optimism. Or so it would seem, if the fact of their ... More

    Zensar sees gains from BPO foray -- Strategic alliances on cards
    ZENSAR Technologies Ltd, the Pune-based software services firm, expects its recent foray into business process outsourcing (BPO) to contribute around 20 per cent of its revenues in the next three years, according to Mr Ganesh Natarajan, Deputy ... More

    SAP India bullish on small and medium biz
    More than 50 per cent of the company's 350-odd customer base in India consists of small and medium firms. More

    Tata Steel: New mantra, new rituals
    The corporate communications and IT departments of Tata Steel are working together for the successful implementation of Vision 2007. More

    PERFORMANCE


    Ashok Leyland: Other income to the rescue
    ASHOK Leyland's (ALL) performance in 2001-02 is a repeat of the now all-too-familiar story of a robust fourth quarter compensating for the dull report card in the earlier three. Indeed, from a loss of Rs. 9.40 crore in the first quarter of ... More

    Hyundai April sales rise 4.5%
    HYUNDAI Motor India Ltd on Tuesday said its April sales rose 4.53 per cent to 7,529 cars from 7,203 cars sold in the same month a year earlier. In the financial year 2001-02, Hyundai had sold 93,244 cars, the company said in a statement ... More

    PEOPLE


    Budhiraja resigns from DPC board
    THE troubled Dabhol Power Company (DPC) today lost the last member representing domestic interest on its board of directors with Mr Ravi Budhiraja, Principal Secretary (Energy and Environment), Maharashtra, resigning from the board. Six ... More
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  • Top Stories
    Nestle takes on P&G's Vicks with Acti-V


    India Inc views long term with greater optimism

    Banks charge rates at monthly rests

    Agri exports post 36.5% growth

    Ashok Leyland net rises marginally -- Steps up dividend to Rs 4.50

    Two nations, two agricultures

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Apr. 28-May. 4
    `Usha Intl making the most of China factor'

    DoT, FIs may oppose Batata-BPL merger

    IOC, Reliance, Nirma bid for IPCL stake

    Safeguards likely in SEBI's search & seizure powers

    Colour dot labels for cosmetics in, drugs out

    M.S. Oberoi dies at 103

    Andersen partners join Ernst & Young -- Business consulting kept out

    Cement sector output crosses 100-mt mark


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