Financial Daily from THE HINDU group of publications
Thursday, August 08, 2002
Markets (Aug. 7)
BL 2501062.28 (+3.78)
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Dollar (Buy/Sell)48.61/48.74
Gold Std (10 gm)5100 (+20)

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Maruti to launch Esteem diesel variant this month — May sport a tag of Rs 5.5-6 lakh
MARUTI Udyog Ltd (MUL) is launching a diesel version of the Esteem, the company's popular mid-size sedan, in Chennai later this month. Company sources said that the diesel version of the Esteem, MUL's second attempt at dieselisation, is being ... More

Cranes varsity in Hyderabad soon
CRANES Software International Ltd (CSIL), the Bangalore-based scientific and engineering software solutions company, has announced its plans to establish the company's Cranes varsity centre and product marketing facility in Hyderabad and mulls ... More

ACCOUNTING STANDARDS


Bark and bite
WHEN you receive your auditors' report, what should you do? First lay it on the table and open the main report of theirs where they talk about `T&F' — which is not `track and field' but `true and fair'. If they say, your P&L and B/S (which ... More

COURTS/LEGAL ISSUES


Madras High Court clears dissolution of Pond's
THE final seal of approval for the dissolution of the Chennai-based Pond's (India) Ltd, a cosmetics unit, has been given by the Madras High Court after overruling the objections to the proposal raised by the Official Liquidator. The dissolution ... More

NEW PROJECTS


Hyatt Regency enters Kolkata
HYATT Regency Kolkata, the second venture in the five-star deluxe category hotel of Asian Hotels Ltd, will open on August 10 with a firm projection that the new 235-room hotel will be totally debt-free and a profit-making establishment within 8 ... More

Ford India begins exporting auto parts to plant in China
FORD India Ltd today commenced exports of automotive components to the company's plant in China. It expects to export Rs 50-crore worth of components to China in calendar year 2003. (Ford Motor Company is setting up a plant at Chongqing in China ... More

LifeStyle to enter Delhi, Mumbai soon
THREE years since opening its first store in Chennai, LifeStyle International Pvt Ltd, which operates the LifeStyle chain of stores, is all set to enter New Delhi and Mumbai. Mr H. Ramanathan, the company's Managing Director, told Business ... More

ALLIANCES & JOINT VENTURES


Japan co to outsource from Hero Cycles
HERO Cycles, the world's largest bicycle maker, today announced a strategic tie-up with Japan's National Bicycle Industries (NBI) to produce high-end cycles for exports. NBI, part of Matsushita Electric, which owns the brands National and ... More

OUTLOOK


LML eyes Rs 900-cr turnover this fiscal
TWO-WHEELER major LML Ltd is hopeful of achieving a turnover of Rs 900 crore in the current fiscal. In 2001-2002, the company had registered sales of Rs 460 crore. In absolute terms, LML Ltd is hopeful of selling 1.5 lakh motorcycles and one ... More

Alkem Labs looking at Rs 1,000-cr sales by '05
Alkem Laboratories, primarily into the allopathic drug market, has made a foray into the herbal formulations market with the launch of two herbal products in the lifestyle segment. More

PERFORMANCE


RSP despatches increase 23 pc
ROURKELA Steel Plant (RSP) products have gained better acceptability in the market; gross despatches have gone up 23 per cent in the first four months of this fiscal. A spokesman for the Central Marketing Organisation (CMO) said, while ... More

TRENDS


Corporate India still napping on fraud prevention: KPMG study
FOR most Indian organisations, corporate espionage is something that happens to others. An attitude that probably explains the inadequate preparedness of most corporates in handling white-collar crimes, says a recent fraud survey carried out by ... More
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Top Stories
Bankers' meeting to consider more sops for coffee growers


Maruti to launch Esteem diesel variant this month — May sport a tag of Rs 5.5-6 lakh

Tax charges on top three cos higher

Japan co to outsource from Hero Cycles

Margin financing through SEs — SEBI shoots down BSE proposal

Corporate India still napping on fraud prevention: KPMG study

IBA for speedy disposal of loan applications

In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Jul. 28-Aug. 3
`BPL is going through mid-course corrections' — Mr H.N. Srinivas, Senior Vice-President, HR

DCA to closely monitor buybacks

Reliance to complete Phase I K-G basin drilling by Dec

RPL used public issue proceeds to buy group co stocks: DCA


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