Financial Daily from THE HINDU group of publications
Saturday, October 05, 2002
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ACCIDENTS


SPIC ammonia unit shut due to leakage problem
THE ammonia unit of Southern Petrochemical Industries Corporation (SPIC) at Tuticorin has been shut down due to a leakage in the pipeline. When the repair works were going on, a fatal accident occurred on October 1, company sources told ... More

ANNOUNCEMENTS


Vestergaard Frandsen unveils `Zerofly' sheets
VESTERGAARD Frandsen, a $22-million Danish company dealing in emergency relief articles and disease control textiles, today announced the launch of "ZeroFly" shelter - an insecticide incorporated plastic sheeting developed as a dual function ... More

Allergan India to invest Rs 20 cr in Global Bulk
ALLERGAN India Ltd (AIL), the joint venture between the US-based speciality pharmaceuticals major Allergan Inc and Nicholas Piramal India Ltd (NPIL), has decided to invest up to Rs 20 crore in Global Bulk Drugs and Fine Chemicals, a ... More

Boston Scientific to launch drug-coated stents soon
ARMED with a favourable directive from a US district court, medical devices company Boston Scientific is set to commercially launch Taxus — its paclitaxel-coated stent and the product that was in the eye of the storm. Taxus is expected ... More

Rs 256-cr GAIL dividend paid for 2001-02
THE Gas Authority of India Ltd (GAIL) has made a dividend payment of Rs 256.28 crore to the Government for 2001-02. GAIL had announced a dividend of 45 per cent for 2001-02 on the Government's equity of Rs 569.50 crore, compared to 40 per cent ... More

ACCOUNTING STANDARDS


A folio for Gandhiji
SCORES of hours have elapsed since flower petals were showered on statues of the Father of the Nation and civic workers are busily removing the scaffolds and platforms. Many gave messages, but in all probability, with what has happened to ... More

NEW PROJECTS


SEW Eurodrive puts off plans for second plant — Chennai's loss may be Lanka's gain
SEW Eurodrive India Pvt Ltd, the fully-owned subsidiary of SEW Eurodrive GmbH & Co of Germany, has postponed its plans for setting up its second assembling plant for gear motors and gear boxes. According to Mr P.K.C. Bose, Managing Director, ... More

KMML plans to spend Rs 23 cr on capacity hike
THE State-owned Kerala Minerals and Metals Ltd (KMML), the only manufacturer of rutile grade titanium dioxide pigment in the country, is expanding capacity at a cost of around Rs 23 crore. The expansion will see the company's capacity being ... More

REGULATORY BODIES & RULINGS


SEBI notifies 3-yr lock-in for sweat equity shares
THE Securities and Exchange Board of India (SEBI) has notified new separate regulations specifying the procedure for holding enquiry and imposition of penalty in respect of all the intermediaries regulated by it. These regulations — ... More

Public arms of foreign cos can revert to pvt status: DCA
DEEMED public companies, which are subsidiaries of foreign body corporates, now can revert to their earlier status of a private company. All they need to do for this is to make an application to the Registrars of Companies (RoCs) for reverting ... More

BONUS ANNOUNCEMENTS


Pentamedia Graphics board allots bonus
CHENNAI: The board of directors of Pentamedia Graphics Ltd at its meeting held today allotted 74,95,829 new equity shares of Rs 10 each. Such new equity shares credited as fully paid up, be accordingly allotted as bonus shares to such ... More

OUTLOOK


Sony India sets turnover target of Rs 750 cr
SONY India has set a target of Rs 750 crore turnover in the next fiscal and also plans to consolidate its position in the flat colour television (CTV) and mini audio hi-fi segments, according to Mr Teruo Ishii, its Managing Director. At a press ... More

PERFORMANCE


Hyundai sales up 64 pc in Sept
HYUNDAI Motor India Ltd has announced record sales of 10,053 vehicles in September 2002. At this level, the sales mark a jump of 64 per cent over the 6,781 units sold in September in the previous year. Sales of the company's flagship, the ... More

Rly catering corpn posts profit in maiden year
THE Indian Railway Catering and Tourism Corporation Ltd (IRCTC) has reported a turnover of Rs 9.85 crore during 2001-02, the very first year of its full-fledged operations. The corporation registered a net profit of Rs 83.08 lakh and declared ... More


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