Financial Daily from THE HINDU group of publications
Thursday, November 21, 2002
Markets (Nov. 20)
BL 2501053.28 (-3.27)
BSE Sensex3075.48 (+18.32)
S&P CNX Nifty1001.60 (+4.75)
Dollar (Buy/Sell)48.18/48.31
Gold Std (10 gm)5235 (+5)

News
Features
Stocks
Port Info
Archives


Subscription

Group Sites

CORPORATE

ANNOUNCEMENTS


Promoter sells shares of Godrej Consumer to FII
GODREJ & Boyce Manufacturing Co Ltd has sold 3.15 per cent stake in Godrej Consumer Products Ltd (GCPL) in the open market, the company said in a statement today. The company, which is the promoter of GCPL, sold 18,23,703 shares but did not ... More

Arvind Mills recasts board
THE Arvind Mills Ltd has inducted Mr Deepak Satwalekar, Mr Jaithirth (Jerry) Rao and Ms Rama Bijapurkar on its board as independent directors. Mr Jayesh Shah, Chief Financial Officer, has also been inducted as a whole time director. Mr Deepak ... More

CORPORATE DISPUTES


Now, Coca-Cola files complaint over bottles
THE ongoing `battle of the bottles' between the cola giants — Coca-Cola and Pepsi has moved one step away from a `truce'. It was Coca-Cola's turn on Wednesday to file a complaint with the police. Hindustan Coca-Cola Beverages (HCCB) filed ... More

RESTRUCTURING


Shareholders of Indo Rama to meet on recast
A MEETING of the Rs 1,900-crore Indo Rama Synthetics (I) Ltd's shareholders has been convened on December 13, to consider for approval the proposed restructuring scheme involving the segregation of the spun yarn business of the company into Indo ... More

MERGERS & ACQUISITIONS


UK parent to buy out Escorts in joint venture
ESCORTS Ltd has announced that it has signed an agreement to sell its 40 per cent equity stake in Escorts JCB (EJCB) to the UK-based J C Bamford Excavators Ltd. The divestment would be done partially by buyback of shares and partially by ... More

NEW PROJECTS


Sigma in Indian foray with McIntosh Timber
THE $8-million Dubai-based office and interior fit-out company, Sigma Enterprises, has announced its entry into the Indian market by representing McIntosh Timber Laminates, which is a New Zealand-based company that deals with design, fabrication ... More

Red E to open more food courts
THE Chennai-based Food Alliance plans to take its food court format restaurant — Red E — to Hyderabad, Bangalore and Kochi, according Mr V. Manu Reddy, Executive Director, Food Alliance. The expansion would be through the franchisee ... More

ALLIANCES & JOINT VENTURES


Zydus Cadila ties up with Swiss major to expand range
ZYDUS Cadila Healthcare Ltd (ZCHL), the Ahmedabad-based Rs 589-crore healthcare major, has chalked out a plan to expand its product portfolio of vaccines through overseas arrangements. Towards this, the company proposes to take the technology ... More

SICK UNITS


BIFR confirms closure of Cepham Organics
AFTER exhausting all options to rehabilitate Cepham Organics Ltd, the Board for Industrial and Financial Reconstruction (BIFR) has reiterated its earlier opinion of winding up the chemical company, which was declared sick in 1999. The recent ... More

  • Pennar Steels to be referred to BIFR

    OUTLOOK


    TVS Motor hopes to be in top-5 league by 2007-08
    TVS Motor Company Ltd hopes to be among the top five 2-wheeler manufacturers in the world with operations in at least five countries by 2007-08, Mr Venu Srinivasan, Managing Director of the company, said here today. "We will make only ... More

    Despite adverse product-mix, DSP hopes to post profit
    HANDICAPPED as it is by a rather adverse product-mix, Durgapur Steel Plant (DSP) is hoping to make a net profit in the second half of the current fiscal. DSP sources said that if long prices remain firm, the plant would make a net profit in ... More

    Zydus upbeat on anti-rabies marketshare
    HYDERABAD: IN the Rs 160-crore anti-rabies vaccine market, Zydus Cadila hopes to take a share of 10 per cent in the first year, Mr Nagaraj said. The traditional but unsafe nerve tissue vaccines (NTVs) that are manufactured in the public sector ... More

    PEOPLE


  • Bajwa is new Marico ED
    Scoreboard
    SE Diary
    Comments & Letters to the Editor to: bleditor@thehindu.co.in
    Subscribe to: Business Line
  • Pick a Winner Stock Market Contest

    Top Stories
    Andhra Bank cuts rates on credit card rollover balance


    Corporatisation of SEs may need changes in Act

    Stand-off with SEBI drags on — Brokers take turnover fee issue to Ministry

    Sunflower to buck downtrend

    Fiscal deficit under control: Narayan

    Driving a safer world for kids

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Nov. 10-Nov. 16
    `Auditors must be accountable to the company's board'

    Coca-Cola `committed' to divesting 39 pc

    MS, Wipro may go hand in hand to take on IBM — To enter into BPO relationship soon

    Cost-cutting, exports are India Inc's new mantras

    `More focus on exports, heavy vehicles' - Mr Rakesh Kalra, Chief Executive, Eicher Motors

    MindTree sees huge healthcare prospects


    The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
    Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

    Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line