Financial Daily from THE HINDU group of publications
Thursday, July 11, 2002
Markets (July 10)
BL 2501147.27 (-9.20)
BSE Sensex3332.36 (-26.22)
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Dollar (Buy/Sell)48.74/48.87
Gold Std (10 gm)5205 (+30)

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ANNOUNCEMENTS


Amara Raja to design products for US partner
TALKS are on between Amara Raja Batteries Ltd (ARBL) and the company's American partner, Johnson Controls Inc, for an understanding under which ARBL would develop products for Johnson Controls. "What we are talking about is possibly getting to ... More

Dr Reddy's gets USFDA final nod for Ciprofloxacin
DR Reddy's Laboratories Ltd, the Hyderabad-based pharma major listed on the New York Stock Exchange (NYSE), has announced that the US Food and Drug Administration (USFDA) has granted final approval for the company's abbreviated new drug ... More

Agro Tech plans board meets through video conferencing
AGRO Tech Foods Ltd (AFTL), a subsidiary of global food major, ConAgra, proposes to hold board or committee meetings through video or tele-conferencing. The company intends to amend the articles of association for this purpose by introducing a ... More

Infosys: Good show despite challenges
DESPITE a challenging global environment, Infosys Technologies has managed to clock a robust revenue growth for the first quarter of 2002-03 compared to the corresponding quarter of the previous year and the previous quarter ended March 31, ... More

Ranbaxy's anti-AIDS drugs on WHO list
RANBAXY Laboratories Ltd today announced that its anti-AIDS drugs have been approved by the World Health Organisation. The announcement is significant for the company as its anti-AIDS drugs would now be part of WHO's approved list and Ranbaxy ... More

Sahara plans multi-utility smart card
SAHARA India Pariwar, the diversified business group which is in to public deposit mobilisation, housing, aviation and media, is planning to introduce a multi-utility smart card for the masses. The group's plans also envisage a large network ... More

Siemens to consider Joka plant closure
SIEMENS Ltd has said that its board will meet next week to consider the closure of its works/plant located at Joka in West Bengal. The board, which is scheduled to meet on July 16, will consider, among other matters, the closure of the plant as ... More

ACCOUNTING STANDARDS


No business sans ethics: PM
THE Government has indicated that it would come out with more regulatory steps to strengthen the practice of good corporate governance among industry in the country in the wake of a wave of accounting scandals emerging in the US. The indication ... More

ACCOUNTANCY


ICAI's IT foray going global
IN an environment where good news about accountants is as rare as clean air, here is something to cheer the Indian CAs. The Information Technology Committee of the Institute of Chartered Accountants of India (ICAI) is growing strong and also ... More

CORPORATE BONDS


Bhoruka to set up five more hydel power units — Gets `LAAA' rating for Rs 8-cr NCD
THE Investment Information and Credit Rating Agency (ICRA) has assigned a conditional `LAAA' (structured obligation) rating to the Rs 8- crore non-convertible debenture programme of Bhoruka Power Corporation Ltd (BPC). The rating is ... More

MERGERS & ACQUISITIONS


SWC beer valuation delaying SAB deal?
DIFFERENCES over the valuation of Shaw Wallace's beer business are said to have created hurdles to its equity deal with transnational brewer South African Breweries plc. Sources close to the negotiating table said the talks had reached a ... More

GE Capital to buy stake in TV Today
TV Today Network Ltd has tied up with GE Capital, the wholly owned subsidiary of the US-based electrical giant General Electric. . According to sources, GE Capital will pick up a six per cent stake in TV Today Network Ltd at a premium. However, ... More

NEW PROJECTS


  • BusinessGyan to expand

    OVERSEAS INVESTMENTS


    `India is No 2 investor from Asia in UK'
    INDIAN companies are fast emerging as important source of investment in the UK, according to the Invest.UK Operations Review, 2002, which was released in London. A press release issued by the British Deputy High Commission here says that India, ... More

    SICK UNITS


    Centre's package for IISCO offers little funding
    THE lifeline that the Cabinet Committee on Economic Affairs (CCEA) decided to hand out on June 11 to Indian Iron & Steel Co Ltd, the ailing subsidiary of Steel Authority of India Ltd, is quite a departure from the scheme that was posed to the ... More

    OUTLOOK


    No plans to return cash: Infosys CEO
    INFOSYS Technologies has no plans to return its growing cash reserves to shareholders, the company CEO and Managing Director, Mr Nandan Nilekani, said here on Wednesday. "Cash reserves are strategic and adequate," Mr Nilekani told a news ... More
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  • Top Stories
    Ranbaxy's anti-AIDS drugs on WHO list


    Amara Raja to design products for US partner

    New notebook versions from Wipro stable

    RBI proposes to utilise SBI electronic transfer facility

    `Alarming' drop in leather garment exports

    Jayalalithaa: In the eye of another storm

    In Depth
    Gender Justice
    Simple Economics
    Guide to derivatives
    Looking back
    Jun. 30-Jul. 6
    RSP is keen on improving marketability of products — Interview with Dr Sanak Misra, acting Managing Director

    Keeping family businesses ticking

    DCA in talks with SEBI to tighten pref allotment norms

    Orchid sets up joint venture with Bexel Biotechnology


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