Financial Daily from THE HINDU group of publications
Tuesday, June 04, 2002
Markets (June 3)
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ANNOUNCEMENTS


ZKL Bearings begins marketing operations
CZECH bearings major ZKL Bearings CZ Ltd has launched its marketing initiatives in India. The $40-million turnover company hopes to generate a revenue of $5 million from the sale of bearings in India within the next three years. Speaking to ... More

Reliance reduces polymer prices
RELIANCE Industries Ltd (RIL) has reduced polymer prices by 2 to 5 per cent, effective June 1, keeping in line with falling product prices internationally. Polyethylene prices are down 3.5 per cent to Rs 41.50 per kg (Rs 43), while prices of ... More

Arvind Hospital seeks IBRD aid
MADURAI-centred Arvind Eye Hospital has approached the World Bank for part funding of its Rs 10-crore telemedicine network project. This was stated by Dr Arvind Srinivasan, administrator of the hospital, while talking to reporters here. He was ... More

COMPANY LAW


Cos (Amendment) Bill provisions being reviewed
The review of the Bill will also allow the committee to look into the existing Act in totality. In the current scenario and in tune with the trends in the international market it should be also looking at "stakeholders democracy," corporate sources a dded. More

AUDITING


Indo Rama auditors qualify accounts over dividend
THE auditors of the Rs 1,900-crore Indo Rama Synthetics (India) Ltd have qualified the financial statements of the company for the year 2001-02 over the decision of the board of directors to recommend a 10 per cent dividend to the ... More

NEW PROJECTS


Tata Steel flags off chromium treatment plant
TATA Steel's Rs 50-lakh hexavalent chromium treatment plant at Sukinda chromite ore mine was inaugurated today. Hexavalent chromium in chrome ore was first detected in the mine water of Sukinda valley in 1990 and it was analysed hazardous to ... More

REGULATORY BODIES & RULINGS


Addl disclosures in balance sheet made mandatory
THE Government has issued a Gazette notification making alterations in Schedule VI of the Companies Act, 1956 to provide additional disclosures in Part I Form of the balance sheet with immediate effect. Accordingly, in Part I Form of the ... More

ALLIANCES & JOINT VENTURES


  • Invis Multimedia made Unesco alliance partner

    OUTLOOK


    Market growth is tied to economic recovery: HLL
    FMCG major Hindustan Lever Ltd (HLL) has said that the market growth linked to the turnaround of the economy remains the major risk factor in 2002. Acknowledging that market growth has slowed down with rural demand continuing to be sluggish, ... More

    Nucleus bullish on revenue growth
    FINANCIAL software products and services firm Nucleus Software Ltd will earn more revenue than it did last fiscal going by its order book, the Managing Director, Mr Vishnu Dusad, has said. This backs up analysts' expectation of the company ... More

    Anoop founder raises new hopes
    THE Bill Pates of Kerala is at it again. Mr S. Gopalkrishnan Nair of Anoop Hair Oil fame is priming himself for a second coming to the marketplace 15 years after he raised hopes, apart from some hair on bald pates, among the faithful of the ... More

    PERFORMANCE


    Indian Hotels: As pressure checks in, profit checks out
    THE performance of Indian Hotels in fiscal 2002 has not been hospitable. The key earnings parameters — sales, operating profits and post-tax earnings — have taken a knock. In the immediate future, things do not look bright for the ... More

    Hyundai May sales rise to 8,078 units
    HYUNDAI Motor India Ltd, the country's second largest car maker, on Monday said it sold 8,078 cars in May, which marked a 7.3 per cent rise over April sales. May sales were, however, lower compared with last year's sales of 8,134 cars in the ... More

    TRENDS


    Surviving the recession - IV: Survivors and the lessons they teach
    One common, but unobtrusive element of the approach of these companies, rarely articulated, is the complete non-reliance on the Government. More
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