The Hindu Business Line : Sunday, June 16, 2002

Chambal plans Rs 390-cr investments -- To consolidate holdings in 4 ventures
AIMED at consolidating and maintaining its equity holdings in four of the latest ventures, Chambal Fertilisers and Chemicals Ltd (CFCL), the K.K. Birla-controlled fertilisers major, has decided to pump in investments to the tune of over Rs 390 ... More

BUYBACK

Sterlite Industries: Reject the scheme
UNDER a scheme of arrangement (approved by the Mumbai High Court), Sterlite Industries proposes to purchase around 2.79 crore equity shares (representing approximately 50 per cent of the paid-up equity) from the shareholders. The following are ... More

Finolex Cables: Snap the wire now, but...
Recommendation:
Accept the buyback and evaluate fresh exposures later More

Rationale for share buybacks
SHARE buybacks have increased in recent times. Why do companies buy-back shares? Financial literature attributes two reasons for buybacks. First, companies typically engage in buybacks when they have excess cash. Suppose Wipro has huge cash ... More

INTERVIEW

`We have arrested the slide in market share' — Mr Utpal Sengupta, President, Agro Tech Foods
AGRO Tech Foods, 51 per cent subsidiary of international agri-business major ConAgra, a leading player in the domestic market for branded edible oils, has been through the wringer in 2001-02. While a sharp increase in global vegetable oil ... More

`Wholly-owned Indian cos can succeed' — Mr T. K. Balaji, MD, India Nippon Electricals
EXCEPT for the two-wheeler segment, the auto components industry has been through a tough phase. Business Line discusses the industry's outlook with Mr T. K. Balaji, Managing Director, India Nippon ... More

PERFORMANCE

Cyclical cos: More capital, less profit
THE contribution of the information technology, telecom (mainly VSNL and MTNL) and media sectors - despite a downturn in their business prospects in 2001-02 - to the profits of India Inc is much more than their share in revenues. In sharp ... More

Barren show, barring healthcare, auto
THE automobile sector has zipped ahead in fiscal 2001-02, earning more than double what it did in 2001-02. A healthy show by the pharmaceutical sector is perhaps the only other bright spot in a lacklustre year for the manufacturing sector. Though ... More

Leaders, laggards, turnarounds, savers
A SCRUTINY of the performance of 1,500 companies threw up the following interesting sidelights: Impressive earnings growth: IBP, Dr Reddy's Labs, Balaji Telefilms, Ingersoll Rand, IDBI Bank, Syngenta, PNB Gilts, Mphasis BFL (an exception ... More

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