Financial Daily from THE HINDU group of publications
Saturday, October 19, 2002
Markets (Oct. 18)
BL 2501044.68 (+5)
BSE Sensex3009.76 (+3.62)
S&P CNX Nifty971.65 (-1.65)
Dollar (Buy/Sell)48.36/48.49
Gold Std (10 gm)5150

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Eli Lilly launches Xigris to combat `blood poisoning'
IT kills on a scale similar to heart attack, lung cancer or breast cancer - but Sepsis or "blood poisoning'' does not have the same recall, even with medical personnel. Sepsis, an acute organ dysfunction and death resulting from an ... More

Exide to launch batteries for CVs — Service network on highways, in rural areas
EXIDE Industries Ltd plans to shortly launch a battery specifically for commercial vehicles. This is part of the company's thrust on the commercial vehicles segment and rural markets to increase automobile battery sales, according to Mr Paban Kr. ... More

Ashok Leyland units to be 100% reliant on wind energy
ASHOK Leyland Ltd proposes to make its Ennore, Hosur and Bhandara units "100 per cent wind energy-reliant"; it is learnt from the company's publicity literature. When contacted, a senior official of Ashok Leyland said that the company proposed ... More

Royal Palms to build `retirement villages'
GERIATRIC care in India, as in the Western countries, is assuming great socio-economic importance. This is mainly because of the weakening of the joint family system that had given social and economic security to citizens on the last lap of life. ... More

ENVIRONMENT


Jindal Vijaynagar to trade carbon emission — Govt clearance awaited
JINDAL Vijaynagar Steel can earn up to $225 million over the next 10 years by trading with developed countries the carbon dioxide emissions that it hopes to reduce by using the less polluting Corex technology. The company is awaiting clearance ... More

TAXATION


Corporation tax receipts — How much comes from private sector?
Over the last five years, various factors have conspired to drag down growth and profitability in the private corporate sector, with the inevitable fallout that its contribution to corporation tax receipts has dipped considerably. It is, in fact, th e public sector that now accounts for the bulk of the tax receipts. Why, then, the continued mollycoddling of the former, asks P. R. Brahmananda. More

HUMAN RESOURCES


Corporates take a fancy to foreign interns
MILANIE, a German MBA student, and Chulgi Hong, a Korean student, are among the 30 young foreigners who are helping Indian companies here market products in the countries of their origin. Some of them also double up as their countries' cultural ... More

CORPORATE GOVERNANCE


Training on corporate governance
HYDERABAD: The Bombay Stock Exchange (BSE) Training Institute is organising a one-day training programme on corporate governance here on October 21 at the new building of Hyderabad Stock Exchange (HSE). According to a release of HSE, the ... More

TRADE & LABOUR UNIONS


HLL Garden Reach contract workers to get 20 pc bonus
THE crisis brewing at the Garden Reach factory of Hindustan Lever Ltd (HLL) has been averted after the contractors agreed to pay a bonus of 20 per cent to its workers at the insistence of the West Bengal Labour Minister, Mr Md Amin. The ... More

ALLIANCES & JOINT VENTURES


Suven Pharma, Pfizer plan research centre
SUVEN Pharmaceuticals Ltd (SPL), the Hyderabad-based company, has announced that it has entered into an alliance with Pfizer Ltd and the Bombay College of Pharmacy for setting up an Academy for Clinical Excellence (ACE), claimed to be first of ... More

SOCIETY & DEVELOPMENT


Corporates have a duty to society: Sudha Murty
THE Chairperson of Infosys Foundation, Ms Sudha Murty, has urged corporates to discharge their social responsibilities, besides focussing on generating higher revenue and recording increased profits. Speaking on `social responsibility' at a ... More

OUTLOOK


Wipro sees no let-up in pressure on margins
WIPRO Ltd sees no relenting of the pressure on margins, which is expected to continue. However, it expects rates to stabilise and sustain the momentum in volume growth of its software business in the coming quarters. The company reported its ... More

With more ads, HBO hopes to break even in two years
MOVIE channel, HBO, is expected to break even in the next one to two years and the proof is in the channel's higher reach as well as increased number of advertisers, Ms Shruti Bajpai, Director (Marketing), said. "Our model has worked very well ... More

Kinetic hopes to sell 60,000 units of Boss
KINETIC Engineering expects to sell 60,000 units of its newly launched four-stroke motorbike, Boss, this fiscal, according to its Joint Managing Director, Ms Sulajja Firodia Motwani. The Rs 1,300-crore Pune-based company has seen a spurt in ... More

PERFORMANCE


Wipro Tech: Pricing pressure flattening
DRIVEN by strong volume growth in software services, Wipro Technologies — the global IT services segment of the diversified Wipro — recorded a revenue growth of 7.4 per cent on a sequential (quarter-on-quarter basis) at Rs 679.10 ... More

Hero Honda: Slowed down by competition
TWO-wheeler major Hero Honda has reported a 42 per cent growth in post-tax earnings and a 19.02 per cent rise in turnover for the quarter ended September 2002. Considering that the motorcycle sales volume during this period jumped 23.56 per ... More

PEOPLE


Jumbo shifts 2 top executives to India
THE Dubai-based Jumbo Group has decided to bring the operational and financial management of its Indian companies under the supervision of two of its top executives, Mr H.N. Nanani and Mr Prakash Nene. The two executives will shift base to India ... More
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US West Coast port strike fallout — Congestion surcharge to hit Indian garment exporters

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ISRO to reach out to the moon

Unfair deal for the ordinary investor

In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Oct. 6-Oct. 12
Transfer of unclaimed moneys to investor fund — DCA warns defaulter-cos

`One-time settlement scheme will help us greatly' — Mr Narasimharamulu, Director (Finance), NTPC

CESC to seek tariff review for 2002-03

Nirma in pact with P&G to make Camay

`Our credibility with banks and MFs is very high'

Cross-connections at VSNL

Floating a co? Get all your cards ready

From pressure garments to artificial limbs

Maruti to review options on diesel engines

Hyundai launches new diesel engine for Accent

`Maruti has no plans to jettison 800 cc' — Mr Kinji Saito, Director (Marketing and Sales), MUL


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