Financial Daily from THE HINDU group of publications
Thursday, June 13, 2002
Markets (June 12)
BL 2501159.76 (+1.33)
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Dollar (Buy/Sell)48.94/49.06
Gold Std (10 gm)5260 (-20)

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ANNOUNCEMENTS


Super Spinning offers premium to `Sara' growers
SUPER Spinning Mills Ltd (SSML) of Coimbatore, which is making a serious bid to enter contract cotton cultivation this season, has offered to buy raw cotton from growers coming under the company-backed cultivation programme at a premium ... More

BHEL looking for strategic business alliances in IT
BHEL's Tiruchi unit is "trying to establish strategic alliances with renowned names in the IT industry for IT-enabled services in the power sector as a business segment," according to a press release. BHEL Tiruchi has set up a School for ... More

OUTSOURCING


HAL looking at work packages
ALTHOUGH HAL has been outsourcing smaller components for its various projects, now the aerospace major is looking at tooling, work packages, family of assembled components and ground handling equipment. These would then be tried and tested by ... More

CORPORATE BONDS


SAIL raises Rs 500 cr for funding VRS
STEEL Authority of India Ltd (SAIL) has raised Rs 500 crore through issue of bonds for funding its VRS, for which the much-awaited Government guarantee was received recently. Company sources confirmed to Business Line that the money was ... More

NEW PROJECTS


Sahara optimistic about Bengal tourism project
Sahara India is developing the world's largest mangrove forest in the Sunderbans and is planning to develop it into a major tourist hub with floating vessels and world-class facilities. More

REGULATORY BODIES & RULINGS


Filing fee for foreign cos raised
THE Department of Company Affairs (DCA) has revised the filing fees payable by foreign companies from the existing Rs 1,000 to Rs 5,000 per document. The revised rates have been made effective from May 15. DCA has made this revision under ... More

TRADE & LABOUR UNIONS


Lock-out at Wimco Chennai factory
WIMCO Ltd has declared a lock-out at its safety-match making unit in Chennai, according to information provided by the company to the stock exchanges on Tuesday. When contacted by Business Line, company officials were not available for ... More

SICK UNITS


IDBI to hold meeting on Kanoria revival
THE Industrial Development Bank of India (IDBI) has been directed by the Board for Industrial and Financial Reconstruction (BIFR) to hold a joint meeting of all the parties concerned to discuss the proposed changes in the draft rehabilitation ... More

OUTLOOK


Essel Propack eyes pharma sector for healthy growth
PACKAGING major, Essel Propack Ltd (EPL), has identified the pharmaceuticals sector as a thrust area for growing the use of its products. Conversion of potential users from their currently used packaging materials to laminated tubes is among ... More

PERFORMANCE


Leyland's sales up 17 pc in April-May
Ashok Leyland Ltd has sold 17 per cent more number of vehicles in the months of April and May, compared to those months of last year. The company sold 4,696 vehicles in the two months of the current year, as against 3,980 vehicles in the same ... More

PEOPLE


Uday Saxena to oversee global R&D at Dr Reddy's
DR Reddy's Laboratories Ltd, the Hyderabad-based global pharma giant listed on the New York Stock Exchange (NYSE), has appointed Dr Uday Saxena as its Chief Scientific Officer (CSO). Dr Saxena was the President and Chief Executive Officer of ... More

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  • Top Stories
    `Privatisation process will be delayed' -- Divestment Ministry opposes BPCL float


    SAIL raises Rs 500 cr for funding VRS

    I-T: Of non-filers and under-reporters

    LIC set to venture into Sri Lanka

    Industrial growth in April rises marginally to 2.9 pc

    Survey soon on corruption in five S. Asian countries

    In Depth
    Gender Justice
    Simple Economics
    Guide to derivatives

    Looking back
    Jun. 2-Jun. 8
    Contract farming -- Rallis ties up with SBI; replaces ICICI Bank

    Cos will be able to pay dividend to pref shares from capital -- Act change in wake of telecom row

    `LML will ride again into glory days with mobikes'

    Rs 1,000 - cr private placement -- CVC to look at UTI's Reliance exposure

    `Funds no constraint for Grasim's expansion plans'


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