Financial Daily from THE HINDU group of publications
Wednesday, May 22, 2002
Markets (May 21)
BL 2501099.10 (-27.58)
BSE Sensex3186.53 (-96.28)
S&P CNX Nifty1049.20 (-25.15)
Dollar (Buy/Sell)48.95/49.08
Gold Std (10 gm)5235 (+55)

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RCI expands resorts network
RCI India, a vacation ownership exchange, has announced the expansion of its network in India by adding four new locations from the Club Mahindra portfolio. The new resorts in the RCI network are at Mussoorie, Binsar and Manali. It has also ... More

LML to roll out value-for-money bikes
HAVING established a presence of sorts in motorcycles with a market share of about six per cent in the tiny niche segment, LML Ltd is now gearing to take on the competition in the `value for money' mid-segment. LML, the Kanpur-based scooter ... More

Hi-tech salesmen to give Pomsy Foods an edge
IN probably the first instance of a technology-savvy FMCG company arming its fieldsmen to the teeth, an up-and-coming Kerala-based biscuit manufacturer has decided to provide the latter with portable data collectors (PDCs) that work on Palm OS ... More

MARKET SHARES


Shaw Wallace, UB shunting out smaller brewers in AP
CONSOLIDATION in the Indian beer market is gaining speed. Smaller brewers conceded market space to the domestic beer majors, United Breweries (UB) Ltd and Shaw Wallace Breweries Ltd (SWBL), in the buoyant Andhra Pradesh beer market during the ... More

NEW PRODUCTS & SERVICES


Whytehall plans ad blitz
WHYTEHALL India Ltd (WIL) has formally launched `Whytehall 5' deluxe whisky and has set itself a target of selling five lakh cases in the first year. The company has also announced Rs 10-crore brand promotion strategy to inform whisky ... More

Genzyme launches biotech drug for osteoarthritis
GENZYME Corporation, the US-based $1.1-billion global biotechnology major, has launched Synvisc, an USFDA-approved second-generation biotech product indicated for the treatment of osteoarthritis (OA) of the knee in the Indian market here on ... More


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