Financial Daily from THE HINDU group of publications
Friday, September 20, 2002
Markets (Sept. 19)
BL 2501038.22 (-8.10)
BSE Sensex3040.30 (-29.48)
S&P CNX Nifty976.05 (-7.55)
Dollar (Buy/Sell)48.37/48.50
Gold Std (10 gm)5270 (+55)

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RESEARCH & DEVELOPMENT


`India good place for clinical trials'
THE healthcare industry can look forward to good times ahead with prospects opening up in terms of gene mapping, gene therapy and bio-technology and India can play a significant role in this, according to Mr Hocine Sidi Said, Managing Director, ... More

ANNOUNCEMENTS


BPL Engineering shuts down `service division'
IN a significant move, BPL Engineering Ltd, the Rs 148-crore manufacturer of various components, has decided to shut down the operations of its `service division'. The company is currently into the manufacture of compressors, washing machine ... More

BILT suspends operations at Orissa unit
A COMMITTEE of Directors of Ballarpur Industries Ltd (BILT) today decided to suspend operations at Unit Choudwar (Orissa) with immediate effect. This unit is one of the five units of the company. The total production at Choudwar unit for the ... More

Tata Chem to bolster marketing network
THE Rs 1500-crore Tata Chemicals Ltd proposes to expand and integrate its marketing network in rural and urban areas, besides taking up brownfield and greenfield projects as the company's long-term growth strategies. Mr Prasad Menon, Managing ... More

Swaraj Mazda to roll out LPG version LCVs soon
SWARAJ Mazda Ltd, a joint venture between Punjab Tractors, Mazda Motor Corporation and Sumitomo Corporation of Japan, is working on the LPG version of its popular LCV (light commercial vehicle) range and is planning to roll them out in 3-4 ... More

Emcure launches anti-hypertensive in AP market
EMCURE Pharmaceuticals Ltd (EPL), the Rs 350-crore Pune-based company, has announced the launch of S-Amlodipine, a novel anti-hypertensive, under the brand `Asomex' in the Andhra Pradesh market. The drug, which was developed jointly by EPL and ... More

BILT's Sewa mill to add capacity
THE tight supply situation regarding writing and printing paper in the domestic market is likely to ease with additional production of this variety of paper from Ballarpur Industries Ltd's (BILT) Sewa paper mill in Orissa. A new paper-making ... More

PREFERENTIAL ALLOTMENTS


Nagarjuna Agrichem pref allotment to group co
NAGARJUNA Agrichem Ltd (NAL) proposes to issue 45.55 lakh equity shares of Rs 10 each on a preferential basis to Vijayalakshmi Insecticides and Pesticides Ltd (VIPL) at a price of Rs 16.15 per share, which is 25 per cent more than the Rs 12.90 ... More

OVERSEAS BORROWINGS


HPCL raises Rs 360 cr thru FCNR route
HINDUSTAN Petroleum Corporation Ltd (HPCL) has raised close to Rs 360 crore through foreign currency non-resident borrowings. This is the first time that the PSU has gone in for foreign currency borrowing, according to company officials. The ... More

ESOPS


ACC allots ESOP
ASSOCIATED Cement Companies has informed the stock exchanges that 17,000 shares were allotted as stock options to employees under the Employees Stock Option plan 2000. As a result, the company's paid-up share capital (of Rs 10 each) has ... More

AWARDS & HONOURS


  • Tata Steel mine bags eco award
  • Swiftlink gets excellence award

    MERGERS & ACQUISITIONS


    SEBI amnesty scheme for errant cos
    HERE'S an amnesty scheme from the Securities and Exchange Board of India for errant corporates and their promoters! SEBI has given a three-four months' time for companies or shareholders, which have failed to make disclosures under the takeover ... More

    Raymond buys 75 pc in ColorPlus for Rs 58 cr
    RAYMOND Ltd today acquired 75.1 per cent of the existing equity share capital of ColorPlus Fashion Pvt Ltd, makers of the ColorPlus clothes brand, for Rs 58 crore. The remaining share will be purchased after 42 months based on the future ... More

    CORPORATE GOVERNANCE


    Corporate values and quest for quality
    "WHAT are your company's values?" I asked a friend who often complained about his employer, a second-tier pharma company in the South. He was bewildered. "Come again," he said. "What are the set of values, I mean principles, your company ... More

    ALLIANCES & JOINT VENTURES


    Philips, Samtel plan tie-up for CTV picture tubes
    PHILIPS India Ltd has initiated discussions with Samtel for a back-to-back arrangement whereby the former will offer technology support to the latter for manufacture of pin-free colour television picture tubes. Such picture tubes are used in ... More

    STANDARDS & BENCHMARKS


  • Cemex gets ISO 9001:2000

    OUTLOOK


    Global operations to drive Asian Paints' sales
    INTERNATIONAL operations of Asian Paints are expected to witness a five-fold increase in turnover to around Rs 500 crore over the next two years, primarily on account of the recent acquisitions overseas. "This year we expect a turnover of Rs ... More

    Deepak Nitrite to step up exports
    DEEPAK Nitrite Ltd (DNL), a manufacturer of organic, inorganic and fine chemicals, plans to step up its export efforts in the coming years even while transforming itself from a product centric company to a process focused company. "We plan to ... More

    PEOPLE


    Onkar Kanwar takes over at Apollo Tyres
    MR Onkar Singh Kanwar has taken over the mantle of Apollo Tyres following the retirement of its present Chairman, Mr Raunaq Singh. The 29th annual general meeting of shareholders here on Thursday formally elected him as the next head of the ... More

    ACC appoints Narula as MD
    THE board of directors of Associated Cement Companies Ltd (ACC) today decided to appoint Mr M.L. Narula as Managing Director of the company for a three-year term from December 1, 2002. Mr Narula is currently the Director and Chief Operating ... More

    TRENDS


    Securing business interests goes hi-tech
    Mr Diwan Rahul Nanda, Managing Director of the Mumbai-based Tops Detective and Security Services Ltd, told Business Line that the investment decisions were now being looked at from the business security perspective. More
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    Top Stories
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    TN Govt eyeing BPO segment — Sets up task force to tap market

    Global operations to drive Asian Paints' sales

    Private banks can have 49 pc FDI + 49 pc FII

    Finance Ministry prunes sugar buffer stock size

    Golden Quadrilateral Phase-I to be completed next year

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Sep. 8-Sep. 14
    `Tata Chem to retain equity investments in group cos'

    Indian Hotels acquires Regent Hotel — Makes North Mumbai entry with Rs 452-cr deal

    Gujarat HC approves RIL-RPL merger


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