Financial Daily from THE HINDU group of publications
Thursday, September 12, 2002
Markets (Sept. 11)
BL 2501065.29 (-4.16)
BSE Sensex3125.66 (+36.19)
S&P CNX Nifty998.85 (+0.30)
Dollar (Buy/Sell)48.40/48.53
Gold Std (10 gm)5220 (-90)

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PSL Holdings to acquire tech for under-water construction
PSL Holdings Ltd, currently consolidating its capacity expansion, is in the process of acquiring technology for under-water construction, a top official of the company has said. PSL Holdings, which is into steel pipes, API-grade pipes for oil ... More

IFC to invest $3.6 m in Usha Beltron
INTERNATIONAL Finance Corporation (IFC) will be investing $3.6 million for a 14.4 per cent equity stake in Usha Beltron Ltd, manufacturer of steel wire ropes, specialised steel products and jelly filled telephone cables, said a news release. In ... More

  • BHEL bags GAIL order for compressors
  • IFC to provide $10-m loan to Cosmo Films

    AWARDS & HONOURS


    Lal Bahadur award for Infosys chief
    THE Chairman of the board and Chief Mentor, Infosys Technologies Ltd, Mr N.R. Narayana Murthy, has been chosen for the `Lal Bahadur Shastri national award for excellence in public administration and management sciences' for the year 2001. The ... More

    MERGERS & ACQUISITIONS


    Creeping clause back at 5 pc — SEBI amends takeover code
    THE Securities and Exchange Board of India (SEBI) has now ruled that promoters and promoter groups can undertake creeping acquisitions up to a limit of five per cent only in any financial year ending March 31. The revised limit would come into ... More

    BPL hikes stake in group cos
    BPL Ltd, the flagship of the Rs 3,500-crore BPL group, is consolidating its hold on subsidiary companies. It has hiked stake in BPL Display Devices Ltd (BDDL) and BPL Soft Energy Systems Ltd. BPL Ltd's equity holding in BDDL, manufacturers of ... More

    REGULATORY BODIES & RULINGS


    ICWAI central council may have addl Govt nominee
    THE Department of Company Affairs (DCA) is contemplating a change in the Central Council of The Institute of Cost and Works Accountants of India (ICWAI) so as to increase the number of its official nominees in the council. The increase would come ... More

    RIGHTS ISSUES


    Electrolux likely to cut rights issue offer size — Board to meet on Sept 17
    THE board of the white goods major, Electrolux Kelvinator Ltd (EKL), will meet on September 17 to consider and accept the one-time voluntary and discretionary revenue grant of Rs 50 crore to be made by its parent, AB Electrolux, Sweden, to meet ... More

    OUTLOOK


    New Holland to target mid-HP tractor range — To launch new products
    KEEPING in view the current trends in the Indian tractor market, the multinational tractor manufacturer, New Holland Tractors (India), is increasing its focus on the mid-horsepower (30-40 HP) segment. Apart from increasing its dealer network ... More

    SAIL hopes to reduce operating loss by 70%
    THE Steel Authority of India Ltd (SAIL) is hopeful of closing the current fiscal with a 70 per cent reduction in its operating losses, according to Mr V. S. Jain, SAIL's Director Finance. Mr Jain, who is set to take over the reins of the public ... More

    McDowell to seek shareholder approval for overseas foray
    SPIRITS major McDowell & Co Ltd, an UB group company, will seek shareholder's approval for investments in new companies, or existing companies, incorporated in Scotland, Sri Lanka and Mauritius. The initial investments totalling up to Rs 106 ... More

    Gillette appoints panel to review Geep business
    THE board of directors of Gillette India on Tuesday appointed a committee to review its Geep battery business to assess its future potential and structure in line with Gillette India Ltd's review of its operations, a company release said. The ... More

    Godrej focus on improving food unit's margins
    GODREJ Industries Ltd's focus of its newly acquired foods division will be to increase margins and reduce costs to improve the profitability prospects of this division. According to the company, uncertainty in the foods division continues with ... More

    NEW PRODUCTS & SERVICES


    Toyota Kirloskar to import Camry
    TOYOTA Kirloskar Motor Ltd has firmed up plans to enter the D segment car market by the year-end. While the Camry - stated to be among the best-selling cars in the world - will be imported to India as a completely built unit (CBU) and ... More
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  • Top Stories
    Implications of 100 pc FDI in oil sector


    UTI-II sell-off by mid-2003 likely

    Telecom industry has overspent, says Pitroda

    `Scope for banks to cut lending rates further'

    Centre rethink on dormant bourses — FMC orders closure of potato exchange

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Sep. 1-Sep. 7
    BSNL, MTNL merger plan takes industry by surprise

    Bharat Forge to cut interest cost by retiring part of debt

    NTPC to float arm for power trading — Maiden deal with Kayamkulam

    Cabinet okay to shut HFC, FCI units

    Yamaha to outsource bikes from Indian arm


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