Financial Daily from THE HINDU group of publications
Saturday, November 02, 2002
Markets (Nov. 1)
BL 2501031.65 (+7.53)
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Stewarts & Lloyds in hunt for foreign tie-up for tech inputs
STEWARTS & Lloyds of India Ltd, a subsidiary company of Tata Steel, is looking for a strategic overseas partner for bringing in necessary technological know-how. Mr Utpal Dhar, Managing Director of the company, said a consultant was being ... More

CORPORATE DISPUTES


Chhabria estate must answer case: Mallya
THE UB group Chairman, Mr Vijay Mallya, has said that the legal proceedings against the late Manu Chhabria in a Hong Kong Court would be taken to the logical conclusion. A favourable verdict in the case, which is slated to come up for hearing ... More

MERGERS & ACQUISITIONS


Mitsui, Oman Govt offer to buy out SCI in Greenfield
THE first foray by an Indian shipping company into the LNG transportation sector has failed to run its full course, making the prospective buyers of Shipping Corporation of India (SCI) jubilant. Japan's Mitsui O.S.K. Lines (MOL) and the ... More

Le Meridien plans to buy 6 more hotels
LE Meridien Hotels and Resorts Ltd, the London-based global hotels group with a portfolio of over 140 luxury and upscale hotels in 55 countries across the globe, is currently finalising its expansion plans for India. The hotels major, which has ... More

CORPORATE GOVERNANCE


Corporate governance institute planned
THE Department of Company Affairs (DCA) is planning to create a national institute of corporate governance to ensure professionalism and adherence to ethical standards in companies, Mr Vinod Dhall, Secretary of DCA, has said. Delivering the ... More

REGULATORY BODIES & RULINGS


Appointment norms for SEZ managers eased
THE Department of Company Affairs (DCA) has relaxed the current provisions for the appointment of managerial personnel in order to make the norms more corporate-friendly for companies in special economic zones (SEZ). It has exempted companies set ... More

Zydus Cadila gets Brazilian FDA approval
ZYDUS Cadila's manufacturing plant at Moraiya has received approvals from the Brazilian FDA agency, Agencia Nacional de Vigilancia Sanitaria (ANVISA). The certification qualifies Zydus Cadila to enter the Brazilian market with its oral ... More

TRADE & LABOUR UNIONS


SIV management declares lockout
THE management of the SIV Industries issued a `lockout' notice late last night, apprehending violence following the breakdown of talks with the workers' unions over settlement of wage arrears. The talks, initiated in the presence of the ... More

OUTLOOK


Expressions in stationery soon
STATIONERY will be the next area of focus for ITC Expressions, the greeting cards brand of ITC Ltd. Speaking to Business Line here, Mr Chand Das, Chief Executive, Greeting Cards Business, ITC, said the company would be going national ... More

Mahindra Subhlabh in talks with FIs for fund infusion
MAHINDRA Shubhlabh Services Ltd (MSSL), a subsidiary of Mahindra & Mahindra Ltd (M&M), has initiated talks with interested financial institutions for possible capital infusion to fund its agricultural services business. Though it is yet to ... More

Elgi Equipments net dips; to pay 50% interim
THE air compressor major Elgi Equipments Ltd (EEL), Coimbatore, despite good demand for water well drilling and automotive garage equipment, witnessed almost a flat growth in top line in Q2 of the current fiscal compared to the corresponding ... More

PERFORMANCE


Boxer propels Bajaj's sales in October
BAJAJ Auto Ltd (BAL) today informed that it sold 82,913 motorcycles in October 2002, its highest ever monthly sale. Total sales of two and three-wheeler for the month, stood at 1,35,887 units. "The motorcycle growth was propelled by the sale of ... More

`Shift to bazaar segment helps Tide Water Oil'
THE successful shift from industrial to "bazaar'' segment of the market for engine oils has helped Tide Water Oil Co (India) Ltd (TWOL), a member of theAndrew Yule group, push up the profit after tax for the second quarter to Rs 3.54 crore from ... More

Honda Siel sales up 55% in Oct
HONDA Siel Cars India Ltd today said it sold 1,151 units of its City and Accord models in October, registering a 55.4 per cent growth over the same month last year. Cumulative sales of the company, a joint venture between Honda Motor Company ... More

L&T cement despatch up
MUMBAI: Larsen & Toubro Ltd (L&T) has informed that its domestic cement despatches in October 2002 touched 0.89 million tonnes as compared to the year ago level of 0.73 million tonnes. Cement production for the month was up at 0.99 ... More


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