Financial Daily from THE HINDU group of publications
Saturday, November 09, 2002
Markets (Nov. 8)
BL 2501034.14 (-1.53)
BSE Sensex2956.84 (-18.42)
S&P CNX Nifty956.85 (-3.75)
Dollar (Buy/Sell)48.22/48.35
Gold Std (10 gm)5290 (+40)

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RESEARCH & DEVELOPMENT


Dhindsa says higher outlay for R&D must
THE Union Minister for Chemicals and Fertilisers, Mr S.S. Dhindsa, today expressed his concern over the meagre allocation of resources for research and development. Expenditure on R&D would have to be raised at least to 2 per cent of a ... More

ANNOUNCEMENTS


IOC shelves Sandheads floating storage project
All the three bidders had submitted conditional price bids that featured clauses that deviated from the bid conditions in view of the risks associated with the FSO project. More

Morphy Richards re-enters India — Launches premium appliances
THE UK small appliances major Morphy Richards making its re-entry into the country launched its range of premium appliances here on Friday. The brand will be marketed and serviced by Bajaj Electricals Ltd (BEL). Through this strategic ... More

Colgate board to meet on Nov 15
COLGATE-Palmolive (India) Ltd has informed the Bombay Stock Exchange that its board of directors will meet on November 15 to decide on the declaration of interim dividend for the year ending March 31, 2003. It previously declared an interim ... More

New range of Tata Safari launched
TATA Engineering today announced the launch of a new range of its premium sports utility vehicle (SUV), the Tata Safari, for year 2003. "The new Safari EX and LX come equipped with contemporary interiors and cabin features aimed at providing ... More

Apollo Hospitals, Parkway venture takes off
THE Rs 210-crore 50:50 hospital joint venture project between Apollo Hospitals Group and Singapore-based Parkway Group has finally taken off. The multi-speciality hospital located here today announced that it would conduct its first open heart ... More

AWARDS & HONOURS


M&M institutes award for auto design
MAHINDRA & Mahindra Ltd (M&M) today announced the K.C. Mahindra Award for excellence in automotive design. "The award is open to students of engineering and design from all engineering colleges and polytechnics across India. A theme for the ... More

MERGERS & ACQUISITIONS


Delta-T in talks for Praj stake
DELTA-T Corporation, the global alcohol processing solutions major, is in talks with the Pune-based Praj Industries Ltd (Praj) for picking up equity stake in the latter. "We are in discussions with Praj. There is a lot of synergy in our ... More

SEBI may call for more details on ACC deal
THE Securities and Exchange Board of India may make use of some of its new powers while probing, as directed by the Securities Appellate Tribunal, whether there was any "change of control'' in the Gujarat Ambuja-ACC deal. According to a SEBI ... More

NEW PROJECTS


Shaw Wallace to increase capacity — Launches `Vladivar' vodka
THE breweries division of Shaw Wallace is in an expansion mode with plans to invest around Rs 100 crore. According to Mr H.N. Nanani, Chief Operating Officer (India Operations), Jumbo World Holding India Ltd, the company will set up four ... More

OUTLOOK


M&M plans 2 more Bolero variants
LAUNCHING Bolero Sportz in the Andhra Pradesh market here today, the multi-utility vehicle (MUV) segment major Mahindra & Mahindra has announced that it plans to launch two more variants of its popular MUV Bolero early next year. Though the ... More

PEOPLE


Srei Securities MD resigns
IN a direct fallout of the March 2001 share scam, Mr Dinesh Jain, Managing Director of Srei International Securites, accused in the on-going police investigation into the scam, and in jail custody till November 14, 2002, has resigned from the ... More

TRENDS


`Broom' campaign by Bhopal victims against Dow Chem
WOMEN victims of the Bhopal gas leak have launched a campaign to sweep the facilities owned by Dow Chemicals away from India and will be carrying out a demonstration in front of its joint venture company at Thirubhuvanai industrial estate in ... More
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`Broom' campaign by Bhopal victims against Dow Chem


Spices export declines in value terms in first half

SBI local head offices to get more powers

Ethanol blended petrol to cost up to 75 p less

Pay thru the roof

As in petroleum ...India needs `reliance' in oilseeds too

In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Oct. 27-Nov. 2
SEBI `overlooked' alliance issue in ACC deal

ECIL: Back in fast lane

Tata Steel sees sharp rise in net — Higher prices, better product mix catapult growth

SEBI directs new owners of Widia, FAG Bearings to make open offers

B-school placements probe new avenues


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