Financial Daily from THE HINDU group of publications
Saturday, June 22, 2002
Markets (June 21)
BL 2501131.30 (-6.57)
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Dollar (Buy/Sell)48.88/49.01
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ANNOUNCEMENTS


No new Ikon variants for now, says Ford — Focus on localisation, new markets
FORD India Ltd (FIL) hopes to sell 50,000 cars in the domestic and export markets in 2002. In 2001, the company sold 15,200 Ikon variants in the domestic market while 28,000 Ikons were exported to Mexico and South Africa as CKD (completely ... More

Ranbaxy US arm gets FDA nod for Adderall
RANBAXY Pharmaceuticals Inc, New Jersey, a wholly-owned US-based subsidiary of Ranbaxy Laboratories Ltd, has, in an alliance with CorePharma LLC of Middlesex, New Jersey, received FDA approval to manufacture and market the fixed combination of a ... More

`Bajaj group not breaking up'
THE Bajaj family, promoters of companies including the Rs 4,402-crore Bajaj Auto Ltd (BAL), is likely to treat the matter of Mr Shishir Bajaj's desire to exit from the group as a one-time issue and not a cause for larger retreat from active ... More

Ford Ranger to hit road in July next
CAR manufacturer Ford India Ltd is gearing up to enter the sports utility vehicle (SUV) segment in the domestic market. Plans are at an advanced stage to manufacture the Ranger at its Maraimalainagar facility. Top sources told Business ... More

Usha Beltron to use Gustav brandname for steel cords -- To act as production base for German co
GUSTAV Wolf (GW), the German steel cord manufacturer, will treat Usha Beltron as its production base in India, lending its brandname as well, as per an agreement entered into between the two companies. The Jhawars, who have a 24 per cent stake ... More

Nelco returns to dividend list
NELCO Ltd, a Tata group company, has declared a 10 per cent dividend for 2001-2002 after a gap of seven years. For the nine-month period ended March 31, 2002, the company achieved sales of Rs 91.33 crore and a net profit of Rs 1.34 crore. The ... More

AWARDS & HONOURS


Civil engineering awards
DR P. Dayaratnam, former Vice-Chancellor of Jawaharlal Nehru Technological University, in his keynote address to the annual convention of the Association of Consulting Civil Engineers (ACCE-India), here on Friday, said the challenges faced by ... More

NEW PROJECTS


Suguna Poultry in venture with Saudi co for chicken processing — TN-based project to go on stream in August
TAMIL Nadu's first chicken meat processing unit jointly promoted by the Udumalpet-based Suguna Poultry Farm Ltd (SPFL) and the Saudi Arabian chicken company, Supreme Foods Company Ltd (SFCL), in Vayalur village near Udumalpet, is expected to go ... More

REGULATORY BODIES & RULINGS


  • 1,213 foreign cos registered in '01

    DIVERSIFICATION


    Pragati diversifies into packaging
    PRAGATI Offset, the Rs 49-crore printing company, has decided to diversify into the packaging sector, which it says is growing at a healthy rate of 18 per cent. The Hyderabad-based company has tied up with the Dutch company, Ecobliss, for the ... More

    SICK UNITS


    Will IISCO figures lend allure to revival package?
    WHAT at the end of 2001-02 are the relevant figures of Indian Iron & Steel Co Ltd (IISCO), which after remaining in the news for a long time for all wrong reasons is to be handed out a lifeline? The figures assume importance for the ... More

    OUTLOOK


    Vikrant Tyres hopes to sustain turnover growth
    VIKRANT Tyres Ltd, subsidiary of J.K. Tyres Ltd, expects to sustain the momentum in turnover growth for the financial year 2002-03, the President, Mr A.K. Bajoria said. The company, which is likely to report a 35 per cent turnover growth in ... More

    PERFORMANCE


    RINL global rating up
    RASHTRIYA Ispat Nigam Ltd (RINL) has climbed up to the 68th position in the list of world's largest steel producing companies on the strength of improved peformance in production and related areas. An official spokesman of the company said the ... More
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    N-S, E-W corridor road project may be over ahead of schedule


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    Jun. 9-Jun. 15
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    SAB close to buying stake in Shaw Wallace


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