Financial Daily from THE HINDU group of publications
Thursday, November 14, 2002
Markets (Nov. 13)
BL 2501038.59 (+3.22)
BSE Sensex2960.66 (-0.58)
S&P CNX Nifty962.65 (+2.80)
Dollar (Buy/Sell)48.29/48.36
Gold Std (10 gm)5300

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ACCIDENTS


Pent-up ire
Two women survivors of the Bhopal gas leak (broom in hand) lead a team of activists demonstrating in Chennai on Wednesday. The survivors, who have launched a `Jhadoo maro Dow ko' campaign, want to sweep away Dow facilities from India. Dow ... More

ANNOUNCEMENTS


ONGC to argue against heavy dividend payout
OIL and Natural Gas Corporation will be shortly making a presentation before top Finance Ministry officials to outline its investment plans in the short term. This follows the Finance Ministry eyeing ONGC's reserves to help make good the revenue ... More

Indo Rama hikes output with capacity expansion
ONE of the major polyester producers in the country, Indo Rama Synthetics (I) Ltd, has increased its production capacities in several product categories. The partially-oriented yarn (POY) and fully drawn yarn (FDY) capacity had been enhanced ... More

ACCOUNTING STANDARDS


Auditors qualify H1 results of Hyderabad Industries
WHILE qualifying the accounts of Hyderabad Industries Ltd for the first-half of the current fiscal ended September 30, 2002, the company auditors pointed out that some of the accounting methods adopted were not in tune with the guidelines of the ... More

CORPORATE DISPUTES


Sibling discontent in Jumbo?
A FAMILY crisis is threatening to pull the late Manu Chhabria's Jumbo Group, a Dubai-based business empire worth over $600 million, in different directions. Ms Bhavika Godhwani (Kanchan Chhabria), the eldest of Manu Chhabria's three daughters, ... More

AWARDS & HONOURS


MMA award for Hero chief
THE Madras Management Association (MMA) has selected Mr Brij Mohan Lall Munjal, Chairman, Hero group, for the MMA Business Leadership Award this year, according to Mr A. Satish Kumar, President, MMA. He said at a press conference that the ... More

BMW scientific award contest
BANGALORE: The BMW Group has called for applications for its seventh Scientific Award competition. The theme for the competition this year is "Passion for Innovation". Research submissions, which are innovative, have been invited ... More

RESTRUCTURING


Coke seeks to uncork Rs 803 crore
HINDUSTAN Coca-Cola Holdings Private Ltd (HCCHPL), the holding company for Coca-Cola's bottling operations in India, has sought the approval of the Government for a massive capital restructuring of its bottling operations. Coke's bottling ... More

MERGERS & ACQUISITIONS


Kennametal to make open offer for 23 pc Widia stake
THE world's second largest metals company Kennametal Inc., which bought out Widia India from Milacron, has proposed to make an open offer to acquire up to 23.32 per cent of the outstanding equity stake held by the public at Rs. 76.28 per equity ... More

CORPORATE GOVERNANCE


Business Council says Asian cos must focus on governance
THE Asia Business Council, a non-profit consortium of 42 CEO-level business leaders with operations stretching across the Asia-Pacific region, has said that Asian businesses must improve their corporate governance and plan ahead to ensure Asia's ... More

NEW PROJECTS


NCR Corp plans to set up ATM plant in Bangalore
THE US-based provider of financial technology solutions, NCR Corporation, is setting up a manufacturing facility for automatic teller machines (ATM) in Bangalore at an estimated cost of Rs 30 crore, the company announced today. The new 1.3-lakh ... More

Baxter's Haryana unit goes on stream
MEDICAL devices company, Baxter India, on Wednesday formally commenced operations at its Manesar plant, Haryana. A wholly-owned subsidiary of global healthcare company, Baxter International Inc, the plant was set up at a project cost of Rs 36 ... More

ALLIANCES & JOINT VENTURES


MS, Wipro may go hand in hand to take on IBM — To enter into BPO relationship soon
THE Chief Architect of Microsoft, Mr Bill Gates, thrilled the 1,000-odd strong crowd of Wipro employees when he announced that the two companies had a "great future ahead of them." He went on to suggest that Microsoft and Wipro could go to the ... More

OUTLOOK


Volkswagen's LCV plans create few ripples
AUTOMOBILE industry circles here are cool to Volkswagen's planned entry into the light commercial vehicles (LCV) segment of the domestic market. A news report on Wednesday said that the German automobile major intends to launch the armoured ... More

SAIL eyes turnaround this fiscal — Targets 10 pc improvement in productivity
HAVING set a target of 10 per cent improvement in critical productivity parameters to boost its bottomline, the PSU steel major Steel Authority of India Ltd (SAIL), is now eyeing a turnaround within this fiscal, provided the present market trend ... More

TRENDS


HMT Chairman sole staffer on its board
QUITE an unusual phenomenon in corporate India, crowded with its bloated boardrooms, can be traced to the three-member board of directors of the HMT Ltd. The Chairman of the company, who also heads the board, is the sole company employee. ... More
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Top Stories
MS, Wipro may go hand in hand to take on IBM — To enter into BPO relationship soon


New York Life keen to hike stake in Indian venture

`India earning a reputation for its quality work'

Interest waiver, a short-term relief

Business confidence at June level: NCAER

Kelkar report: Flawed `n' faulty

Gemini TV consolidates position in AP

In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Nov. 3-Nov. 9
Treat investors' complaints lightly... at your own cost

Nortel to focus on CDMA first for 3G shift

`Broom' campaign by Bhopal victims against Dow Chem


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