Financial Daily from THE HINDU group of publications
Friday, May 31, 2002
Markets (May 30)
BL 2501090.40 (-8.72)
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Dollar (Buy/Sell)48.96/49.08
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ANNOUNCEMENTS


L&T John Deere to utilise Sanaswadi unit for exports
TRACTOR manufacturer L&T John Deere has said it will use its Sanaswadi-based manufacturing facilities to export a range of tractors, aggregates and components to markets in the Europe, China, Turkey and the US from August. The company will make ... More

Qatar pulls out of Gulf Air ownership
QATAR, one of the four founding partners of Gulf Air, has pulled out of ownership of the airline. The decision to relinquish ownership was disclosed in Abu Dhabi, following an extraordinary meeting of members of the board of the airline. The ... More

Punj Lloyd gets Dabhol maintenance contract
THE construction major, Punj Lloyd Ltd, has bagged the `care and preservation' contract for the Rs 15,000-crore assets of Dabhol power plant. The six-month contract, valued at Rs 11.94 crore, has been awarded by the consortium of financial ... More

ACCOUNTING STANDARDS


ICAI standard on assets impairment
THE Institute of Chartered Accountants of India (ICAI) has issued an Accounting Standard (AS 28) on `impairment of assets'. This standard will come into effect in respect of accounting periods beginning on or after April 1, 2004 and will be ... More

IPR


Dr Reddy's files patent application in US
DR Reddy's Laboratories has stated that it had filed an Abbreviated New Drug Application (ANDA) with the US Food and Drug Administration for `clopidogrel bisulfate' (CB) 75 mg tablets with Para IV certification on all listed Orange Book ... More

MERGERS & ACQUISITIONS


Software exporters allowed to pick up stake in start-ups
INDIAN software exporters have been permitted to pick up equity up to 25 per cent of their value of exports in overseas start-up companies facing liquidity constraints. The Reserve Bank of India said on Thursday that the move was aimed at ... More

INTERVIEW


Maruti will remain Indian: Suzuki
WHEN Mr Osamu Suzuki, Chairman and Chief Executive Officer of Japan's Suzuki Motor Corp, first came to India in 1982, he found empty roads and no traffic jams. His sharp business acumen spotted a market that could be tapped and the massive risk ... More

RIGHTS ISSUES


Suzuki in driver's seat at Maruti
JAPAN'S Suzuki Motor Corp on Thursday officially took management control of the country's largest carmaker Maruti Udyog Ltd, for which it handed over a cheque of Rs 1,000 crore to its partner, the Indian Government. With this, the second stage ... More

OUTLOOK


Kinetic hopes to charm the Indian male with new Nova
KINETIC Motor Company Ltd hopes to sell 60,000 units of its recently introduced `Nova' 115 cc, 4-stroke scooter, in 2002-2003. At a press conference in connection with the Nova's launch here today, Mr Arun Firodia, Chairman, Kinetic group, ... More

PEOPLE


Star appoints News Director
NEW DELHI: Star India has announced the appointment of Mr Sanjay Pugalia as News Director of Star News. His appointment will be effective July 1 and he will report to Ms Ravina Raj Kohli, President, Star News. Mr Pugalia is currently with ... More

TRENDS


Beating the Recession -- I: Testing times, trusted production values
The downturn has forced many companies to take a hard look at themselves. The result: A silent revolution across industry in terms of restructuring the way manufacturing is organised. More
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Top Stories
Beating the Recession -- I: Testing times, trusted production values


Wipro upbeat with new milestone

Outlook not to react to The Week's campaign

Hope for AIDS cure in ayurveda?

Maruti will remain Indian: Suzuki

Fiscal deficit set to end closer to 6 pc -- Rs 10,000-cr revenue shortfall seen

Sharp rise in domestic prices -- Tyre makers seen importing rubber

In Depth
Gender Justice
Simple Economics
Guide to derivatives

Looking back
May. 19-May. 25
`Park Hotels open to ideas of going overseas'

HLL tags special dividend to bonus debenture -- Scheme modified to address income-tax problem

Hind Sanitaryware to demerge glass unit to separate co

A costly miss for Indian Oil?

Pre-1971 cos continue to dominate: CMIE study

OrbiTech merges with Polaris -- Citigroup is largest stakeholder

IOC to divest stake in ONGC, GAIL -- Over Rs 2,500-cr gain seen

Significant M&A activity in offing: A.T. Kearney survey


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