Financial Daily from THE HINDU group of publications
Saturday, July 13, 2002
Markets (July 12)
BL 2501142.21 (+7.42)
BSE Sensex3305.83 (+15.27)
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Dollar (Buy/Sell)48.73/48.86
Gold Std (10 gm)5230 (+30)

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German lender backs RSP periphery development
PERIPHERY development around Rourkela Steel Plant which was being held up on account of the plant's cash crunch, is now getting a new lease of life with KfW, the German lending agency ploughing back a part of its interest earnings on the loan ... More

Lasik facility at CDR hospital
CDR, the Hyderabad-based corporate hospital, has introduced the laser eyesight correction facility called Lasik, which uses ultraviolet radiation. The Rs 2 crore-equipment has been imported from Schwind of Germany through Wipro Biomed, the ... More

  • Holiday Inn office
  • HLL board meet on July 22
  • Levi Strauss' raid on fakes

    COURTS/LEGAL ISSUES


    CESC told to revise tariff only with SC approval
    THE RPG-controlled power utility, CESC Ltd, has been told to effect any future revision of tariff only with the permission of the Supreme Court. CESC, which had won a tariff review petition against the West Bengal Electricity Regulatory ... More

    Dunlop allowed to remove papers
    A DIVISION Bench of the Calcutta High Court, comprising Mr Justice Ganguly and Mr Justice H.Banerjee, permitted Dunlop India Ltd (DIL) to remove certain documents, which are required for compliance of statutory purposes, from its previous ... More

    RESTRUCTURING


    Coromandel Fert closes down ammonia unit — Writes off Rs 25 cr
    COROMANDEL Fertilisers has decided to close down its "unviable" ammonia unit. Since "it was considered no longer viable to operate the plant", the company wrote off Rs 25.42 crore from the profits of last year, representing the value of the ... More

    MERGERS & ACQUISITIONS


    Escorts to get Rs 235 cr from divesting in 3 cos
    ESCORTS Ltd has announced the divestment of its equity holding in Escorts JCB Ltd (EJCL) and Escorts Class Ltd (ECL) in favour of its joint venture partners - - J.C. Bamford (UK) and Class (Germany) respectively. The company also said it ... More

    SICK UNITS


    Ispat defers decision on package
    ISPAT Industries Ltd, which defaulted on the repayment of its $125-million convertible bonds at maturity in April 2001, has informed an ad hoc committee of bondholders that consideration by the board of the financial restructuring terms agreed ... More

    HC takes up Jessop case hearing
    MR Justice K.J. Sengupta of the Calcutta High Court on Friday took up the matter of Jessop & Co. Ltd (JCL) for hearing. Earlier, on March 7, the court directed the Board for Industrial and Financial Reconstruction (BIFR) not to implement the ... More

    OUTLOOK


    Neuland Labs to cash in on USFDA approvals
    The USFDA authorities had inspected the company for Latonoprost, an innovative drug for glaucoma, for which Neuland is a contract manufacturer. More

    SET hopes to make profits this year
    SET (Sony Entertainment Television) India is hoping to break even and make profits this financial year. Speaking to newspersons, SET India's Chief Executive Officer (CEO), Mr Kunal Dasgupta, said that the channel hoped to get 40 per cent of the ... More

    PERFORMANCE


    IOC only Indian Fortune 500 co
    INDIAN Oil Corporation has slipped to 226 from 209 last year, on the list of 500 top global companies compiled by the Fortune Magazine. The lower ranking was because of fall in the value of Indian rupee against the US dollar, a news release ... More
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  • Top Stories
    SBI tightens norms for corporates


    IT spend to grow at 24 pc: IDC

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    No one can pull it off like Indians

    Cotton prices flare up

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    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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