Financial Daily from THE HINDU group of publications
Thursday, November 28, 2002
Markets (Nov. 27)
BL 2501077.55 (-3.06)
BSE Sensex3174.11 (-13.65)
S&P CNX Nifty1031.10 (-5.05)
Dollar (Buy/Sell)48.20/48.33
Gold Std (10 gm)5220 (+10)

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SEBI wants Grasim open offer stalled
Counsel for Grasim suggested that the company be allowed to make the open offer with an additional clause in the offer document informing investors of the case in question and also offering to make good any price difference should the regulator direc t i t to change its offer price. More

Pfizer India sells Protinex to Danish co
PFIZER India Ltd has sold its protein supplement brand, Protinex to EAC Trading Private Ltd, Indian subsidiary of Denmark-based EAC Nutrition, for a consideration of about Rs 35 crore. The sales of Protinex follows the parent company, Pfizer ... More

SG to shut Asian arm
SG, the corporate and investment banking arm of Société Générale, today announced that it is closing its Asian equity sales and research activities on account of depressed markets. The move will result in around 180 employees, representing nine ... More

Probe into RIL insider trading charge over
SEBI today told the Securities Appellate Tribunal that the regulator has completed investigation into allegations of insider trading by the Reliance group in L&T shares immediately before it sold its stake to Grasim Industries. Mr Rafiq Dada, ... More

`Small' coins have only one side
VERY soon, coins such as 5 paise, 10 paise, and 20 paise may acquire the halo of a collector's item - not by choice but by default. If you have them with you, you may have no option but to keep it. For, these coins seem to lack the critical ... More

Top officials quit Radico Khaitan
RADICO Khaitan Ltd, a fast growing liquor company, is witnessing a shakeout in its top-level management with Mr V.K. Arora, Chief Operating Officer (COO) and Mr C.B. Srivastava, Assistant Vice-President (sales) putting in their papers. Mr Arora ... More


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