Financial Daily from THE HINDU group of publications
Friday, November 08, 2002
Markets (Nov. 7)
BL 2501035.67 (-0.88)
BSE Sensex2975.26 (-7.13)
S&P CNX Nifty960.70 (-1.60)
Dollar (Buy/Sell)48.26/48.39

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ANNOUNCEMENTS


Multimedia solutions centre
MANGALORE: A complete multimedia solutions centre, CAD Media, which incorporates a comprehensive range of recording, editing and production equipment, will be available in Mangalore from Friday. Promoted by the Elco group, a ... More

ACCOUNTING STANDARDS


After the farce comes WorldCom accounting
EVERYBODY knows about history repeating itself as a tragedy the first time and as a farce the second time around...but the third time? Well, you might want to check this out with the honchos at WorldCom, the beleaguered US telecom giant, as it ... More

COMPANY LAW


Chamber wants ownership change clause replaced
THE Associated Chambers of Commerce and Industry of India (Assocham) has suggested replacement of the current provisions in the Companies Act restricting change of ownership of companies by anti-abuse measures such as mandatory continuity of ... More

ENVIRONMENT


CII working on `green' directory
THE Green Business Centre of the Confederation of Indian Industry (CII-GBC) is launching an exercise to produce a directory of companies manufacturing green (environment-friendly) products or providing green services. According to a CII press ... More

ALLIANCES & JOINT VENTURES


Barjeel extends reach to US, Europe via Refco tie-up
BARJEEL Securities, the joint venture between Indian firm Geojit Securities and Al Saud Group of Sharjah, has entered into a strategic relationship with the financial services organisation, Refco Group Ltd, US, to offer trading in the US and ... More

NIIT, AirTel tie up for Computer Literacy Day
On the occasion of World Computer Literacy Day, NIIT intends to bridge the digital divide in the country by offering subsidised computer training programmes. More

SICK UNITS


Kirloskar Electric declared sick
THE Board for Industrial and Financial Reconstruction (BIFR) has accepted the petition of Kirloskar Electric Company Ltd (KECL), pleading sickness. KECL, incorporated in 1946, had filed a reference under Section 15(1) of the Sick Industrial ... More

PERFORMANCE


Indo Rama output, sales up in Oct
INDO Rama Synthetics (I) Ltd has reported a total production of 31,327 tonnes for the month of October 2002 as against 29,508 tonnes in September 2002, while sales volume for October was 35,638 tonnes against 33,759 tonnes in the previous ... More

Kinetic sales up 19 pc in Oct
KINETIC Engineering has announced a strong growth of 19 per cent to 28,450 units in October 2002 over the same month last year. According to a press release by the company, sales growth was witnessed in all the segments it is present in, which ... More

LG sells 20,000 colour TVs in AP
LG Electronics India Pvt Ltd. has sold more than 20,000 colour television sets in October in Andhra Pradesh, a record for any TV manufacturer. The State has registered the highest sale of CTVs for the industry in general, and for LG in ... More


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