Financial Daily from THE HINDU group of publications
Thursday, September 26, 2002
Markets (Sept. 25)
BL 2501034.71 (+4.04)
BSE Sensex3021.08 (-1.17)
S&P CNX Nifty970.05 (+3.85)
Dollar (Buy/Sell)48.35/48.48
Gold Std (10 gm)5325 (+25)

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ANNOUNCEMENTS


Apollo introduces arthoscopy of shoulder joint
SHOULDER arthoscopy, an orthopaedic surgical procedure to see, diagnose and treat problems inside a joint, something akin to laparoscopic surgery, has been introduced in Apollo Hospitals here for the first time. According to Prof. Simon ... More

GAIL seeks Govt nod to market LPG
GAIL (India) Ltd has sought Government's approval for marketing liquefied petroleum gas (LPG) to domestic consumers and to retail auto-LPG in eight cities. "We have sought Government permission to begin marketing of LPG to domestic, industrial ... More

MphasiS board meet on October 9
BANGALORE: The board of directors of MphasiS BFL Group will meet on October 9 to take on record the audited financial results for the quarter-ended September 30, 2002. The company will also organise an analyst call the same day to ... More

KAL bags Rs 96-cr export order
THIRUVANANTHAPURAM: The public sector Kerala Automobiles Ltd (KAL) has bagged an order to export 15,000 diesel three-wheelers, worth Rs 96 crore, to Bangladesh. The company will export 3,000 vehicles every year over the next five years. ... More

BUYBACK


Rasoi open offer for buyback soon
THE management of Rasoi Ltd will soon come out with an open offer for buyback of its shares representing 10 per cent of the paid-up equity and free reserves of the company. The paid-up equity is at Rs 1.80 crore and the reserves are placed at Rs ... More

CORPORATE BONDS


Usha Beltron NCD downgraded
MUMBAI: Fitch Ratings India has downgraded Usha Beltron Ltd's Rs 50-crore non-convertible debenture (NCD) programme to `A-(Ind)' from `A(Ind)'. The rating outlook is stable. According to a release, the downgrade reflects the decline in ... More

RESTRUCTURING


Kshema restructures business again — To sharpen focus
IN a bid to consolidate its operations and sharpen its focus further, Kshema Technologies, the Bangalore-based software services company has recently restructured its business again. The company has merged four of its five strategic business ... More

REGULATORY BODIES & RULINGS


Operations overboard: NEC
NEC Engineers Pvt Ltd, whose name reportedly figures in a dossier on Iraq's military plans presented to the House of Commons today maintained that the company has been undertaking business in West Asia only in respect of United Nations sanctioned ... More

ALLIANCES & JOINT VENTURES


Balmer Lawrie tourism pact with Kuoni
BALMER Lawrie & Co Ltd has entered into strategic alliance with Kuoni of Switzerland for handling outbound tourism. Negotiations with an MNC for marketing the latter's leather chemicals here to supplement its own range of products have reached ... More

Commerce One, Satyam join hands
SATYAM Computer Services has announced a strategic partnership with the California-based, Commerce One Inc, an enterprise software company to offer supply chain solutions through Web services. A combination of Satyam's expertise in integrating ... More

INTERVIEW


Ashima sets global agenda to ride out rough patch
THE last few years have not been quite good for the textile companies in India. For the Ahmedabad-based Ashima Ltd, this holds particularly true as its merger with a sick textile mill, Ahmedabad New Cotton Mills, last year is set to impact its ... More

STANDARDS & BENCHMARKS


No bacteria found in seafood shipment to Norway: HLL
Since 2000 until August 2002, HLL made shipments of 136 containers to the EU. Except these 5 containers (four others for technical reasons), all others have been cleared through the European ports. More

SICK UNITS


BIFR nod for Jessop stake sale
INITIAL hiccups not withstanding, the ball has been set in motion for disinvestment of other sick public sector undertakings. The Board for Industrial and Financial Reconstruction (BIFR) has sanctioned the scheme for the induction of a strategic ... More

OUTLOOK


Sundram Fasteners upbeat on outsourcing
THE original equipment manufacturers (OEMs) in the US and Europe, particularly Germany, will be forced to outsource their component requirement due to cost compulsions and this presents an opportunity for the Indian component manufacturers, ... More

PERFORMANCE


Zee Tele ad revenue flat, to pay 55 pc
ADVERTISING revenue, which accounted for 57 per cent of Zee Telefilms Ltd's (ZTL) total revenue of Rs 1,155.5 crore in fiscal 2001-02, continues to remain flat, the media and entertainment company informed today. "However, subscription revenue ... More

`Speed' forms 35-40% of BPCL petrol sales
DEREGULATION of the oil sector has brought about an increase in margins for Bharat Petroleum Corporation Ltd (BPCL) and the company is "confident of better profit performance in the current year'', according to Mr Sarthak Behuria, Chairman and ... More

PEOPLE


George Williamson in the news again — Are the Magors mulling sale of tea estates?
After 18 months, George Williamson (Assam) Ltd (GWA), the 17-estate tea outfit controlled by the Magors of the UK, is in news again. Last time GWA was in the news in April 2001; the reason being the parting of ways, after a four decade-old ... More
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Top Stories
Sundram Fasteners upbeat on outsourcing


H1 gold demand dips due to price rise, says survey

CACP moots Rs 200/t hike in paddy MSP — Rs 7,000-cr drought package

Ascon study upbeat on service sector

`Security' curbs likely on FDI from neighbouring nations

Another blow to body politic

In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Sep. 15-Sep. 21
`We will bid for SCI at realistic levels' — Mr Sashikant Ruia, Chairman of Essar group

India Cements in talks with lenders for debt recast

No RBI approval needed for prepaying ECBs up to $100 m

NHPC hopes to be off Govt aid by 2008-09

Electrolux Kelvinator board okays cut in offer size of rights issue

Global operations to drive Asian Paints' sales


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