Financial Daily from THE HINDU group of publications
Tuesday, November 12, 2002
Markets (Nov. 11)
BL 2501030.27 (-3.87)
BSE Sensex2948.04 (-8.80)
S&P CNX Nifty954.05 (-2.90)
Dollar (Buy/Sell)48.21/48.34
Gold Std (10 gm)5280 (-10)

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China aluminium major plans Rs 1,750-cr smelter
DESPITE the recent political fiasco over the Nalco disinvestment, foreign investors' interest in the country's aluminium industry remains unaffected. The latest to join the fray is the Chinese state-owned Aluminium Corporation of China ... More

Gates opens $100-m AIDS window
VERMILION on his forehead, sitting cross-legged on a mattress and talking to HIV-infected people — it was a different avatar of Mr Bill Gates, indeed! Far from the hurly-burly of the anti-trust case in the US or the billion dollar ... More

MICO to buy Philips units
MOTOR Industries Co Ltd (MICO) today announced that it has decided to purchase the business communication products and closed circuit television (CCTV) products from Philips India Ltd, a subsidiary of Koninklijke Philips Electronics N.V., ... More

Ministry opposes Cargill 100% outfit
THE External Affairs Ministry is believed to have opposed the Singapore-based Cargill International's proposal to set up a 100 per cent subsidiary in India. The US-based commodity trading giant Cargill Inc has firmed up plans to set up its second ... More

G-sec yield fall adds to insurers' woes
THE drop in Government security yields could not have come at a worse time for general insurance companies in the country. This fall in yields, industry sources said, had translated into a fall in incremental investment incomes for four public ... More

Covanta may exit TN power projects
COVANTA Energy Corporation, the US-based power utility, is likely to pull out of the two power projects in Tamil Nadu in which it has controlling stakes, as part of an overall financial restructuring the company is going through. No decision has ... More


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