Financial Daily from THE HINDU group of publications
Friday, August 30, 2002
Markets (Aug. 29)
BL 2501077.89 (-6.81)
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Dollar (Buy/Sell)48.48/48.61
Gold Std (10 gm)5130

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HPCL has no plans to exit MRPL `at the moment'
HINDUSTAN Petroleum Corporation Ltd has ruled out any possibility of it exiting Mangalore Refinery and Petrochemicals Ltd in the immediate future. Mr M.B. Lal, Chairman and Managing Director, HPCL told reporters that the company had no reason ... More

Leyland gets export orders for Rs 34 cr
ASHOK Leyland Ltd has obtained two orders for export of vehicles, from Sri Lanka and Bangladesh. The orders are worth Rs 34 crore. The Sri Lankan contract is from the People Leasing Company, for 250 fully built, 42-seater Viking buses. "This ... More

Emcure, NCL develop new drug
A DRUG for hypertension, Asomex (S-Amlodipine), has been developed by Emcure Pharmaceuticals Ltd. in collaboration with the National Chemical Laboratory (NCL). Dr Sivaram, Director, NCL, told presspersons that the benefits offered by ... More

  • SRF board meet

    OPEN OFFERS


    IPCL open offer: Reliance to accept 57 pc subscription
    RELIANCE Industries has said it will complete payments for accepted shares and return unaccepted shares to IPCL shareholders who had responded to the company's open offer, by September 2. Around 95,000 shareholders participated in the open ... More

    RESTRUCTURING


    Philips to divest printed circuit board assembly business
    PHILIPS India Ltd is to divest the printed circuit board assembly business to the US-based Jabil Circuit Inc for a total consideration of Rs 23 crore. In a notification to the stock exchanges, the company said that the divestment would be ... More

    CORPORATE GOVERNANCE


    SEBI proposes `corporate governance rating' soon — In touch with Crisil, ICRA
    THE Securities and Exchange Board of India (SEBI) has sought the services of two of the leading credit rating agencies in the country - Credit Rating Information Services of India Ltd (Crisil) and Investment Information and Credit Rating Agency ... More

    NEW PROJECTS


    Parakh Foods mulls new refineries
    PARAKH Foods Ltd, the flagship company of the Parakh group, manufacturers of the Gemini brand of refined oil said here on Thursday the company now has the country's largest edible oil refinery situated in a single location, with the commissioning ... More

    Kaveri Telecom facility launched
    BANGALORE: Kaveri Telecom Ltd, a Bangalore-based manufacturer of antennas, repeaters, RF products and solar photo voltaic systems, has launched its new manufacturing facility. This was inaugurated by Mr Dharam Singh, Minister for Public ... More

    REGULATORY BODIES & RULINGS


    DCA sets up panel to review `Maocaro'
    Maocaro is a special order issued by the CLB, requiring the auditor's report in certain classes of companies to include a statement on matters pertaining to the functioning of the company. More

    DCA favours stringent penalties
    THE Department of Company Affairs (DCA) has once again made a case for strengthening the existing penalty and compounding provisions under the Companies Act, 1956 to curb widespread violations of the various provisions of the Act. "The problem ... More

    ICAI questioned on `non-audit work' ambit
    THE Department of Company Affairs (DCA) today questioned the move of the Institute of Chartered Accountants of India (ICAI) to keep certain services such as "tax work" outside the ambit of its recent regulation barring auditors from accepting ... More

    SICK UNITS


    Mahindra Ugine eyes revival
    A RETURN to profitability is inevitable for alloy steel company Mahindra Ugine Steel Company Ltd (Musco), a Mahindra & Mahindra group company, if it wants to revive plans to invite a strategic partner aboard. "We would like a strategic ... More

    Fresh proposal sought for Trayons' revival
    THE Government has called for a fresh proposal from the prospective promoters on the concessions demanded by them for reviving the sick Travancore Rayons Ltd at nearby Perumbavoor. Speaking to Business Line, Mr P.K. Kunhalikutty, the ... More

    OUTLOOK


    Vebtel forays into IP telephony; to invest Rs 5 cr
    VEBTEL Obconic Internet Protocol, a Hyderabad-based firm, has announced its foray into the emerging Internet telephony market and has launched a range of solutions and products to support voice over Internet phone (VoIP) technologies even for ... More

    LML targets bigger export pie
    EXPORTS will be a major thrust area for two-wheeler company LML Ltd, which has targeted to earn 10 per cent from overseas sales by 2005. The company has been exporting its two-wheelers, including its latest launch Freedom. LML Ltd is ... More

    PERFORMANCE


    Price cut boost to Maruti 800 sales; limited model coming
    According to company officials, following the price decline, some variants of the Maruti 800 even have a waiting list. More

    PEOPLE


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    `SE boards must have equal numbers from all stakeholders'

    SEBI proposes `corporate governance rating' soon — In touch with Crisil, ICRA

    New IRDA motor norms may add to insurance cos' woes

    Govt nod for 4 agri-export zones — China keen on MoU to import mangoes

    Solar-powered ATMs?

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Aug. 18-Aug. 24
    `Significant distortion' led to Wipro revision

    Bharti may consider spreading its wings to additional circles

    Pepsi, Punjab Govt sign deal for citrus cultivation

    Maruti studying market for launch of Ignis

    `Tata reputation will stand the test of time'

    Shakti LPG turns sick — Net worth wiped out

    M&M sees early break-even for Scorpio

    `Right time for cos to tap forex loans'

    JCB to acquire Escorts stake in joint venture


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