Financial Daily from THE HINDU group of publications
Tuesday, December 17, 2002
Markets (Dec. 16)
BL 2501116.60 (-6.20)
BSE Sensex3328.39 (-14.58)
S&P CNX Nifty1078.45 (-7.75)
Dollar (Buy/Sell)48.10/48.23
Gold Std (10 gm)5435 (-15)

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Ranbaxy to gain royalty from Bayer for Cipro
EVEN as German pharma major Bayer AG receives the green signal from the US regulatory authority for its antibiotic Cipro XR (500 mg), home-grown drug company Ranbaxy has announced that it would receive royalty on sales of the drug. Ranbaxy ... More

CORPORATE DISPUTES


Polaris chief held in Jakarta — Business trip goes sour
THE city-based Polaris Software Laboratories Ltd today said that its Chairman and Managing Director and CEO, Mr Arun Jain, had been held against his will by the police in Jakarta, Indonesia. In a statement, the company said that Mr Jain had ... More

SC judgment on limited mobility today
THE long wait will finally be over. The Supreme Court on Tuesday is expected to deliver its final judgment on a petition filed by the Cellular Operators Association of India (COAI), challenging the decision of the Telecom Dispute Settlement ... More

AWARDS & HONOURS


  • Jindal Steel bags energy award

    MERGERS & ACQUISITIONS


    Bangur group cos may take stake in sugar unit
    THE sugar venture of the city-based S.K. Bangur group, Bharat Sugar Mills Ltd, may not remain a subsidiary of the group's flagship - West Coast Paper Mills Ltd - for long as other companies of the group are likely to take an equity stake in ... More

    Orchid acquires Mano Pharma
    ORCHID Chemicals and Pharmaceuticals Ltd announced the decision to acquire the Chennai-based formulations company, Mano Pharmaceuticals, and its sister company, Sali Healthcare, on a cash deal of Rs 26 crore. According to an Orchid press ... More

    NEW PROJECTS


    TI Cycles to set up plant at Noida
    IN a bid to tap markets located in the eastern part of the country, TI Cycles of India, a unit of Tube Investments of the Murugappa group, plans to set up a plant in Noida. According to Mr Adiraj Sarin, Managing Director, TI Cycles, "the ... More

  • Pivotal opens centre in India

    ALLIANCES & JOINT VENTURES


    BHEL plans tie-up with IT major
    BHEL, which has put service exports high on its new business priorities, is working on plans to provide remote services through a joint venture with a domestic IT major. Mr K.G. Ramachandran, CMD, told a news conference today that BHEL, which ... More

    Balaji Tele MoU with Indonesian co for serial rights
    BALAJI Telefilms has entered into a MoU for assignment of rights of its library of Hindi serials with an Indonesian company, PT Menara Media Sakti, for Rs 1.5 crore ($300,000). The company has informed BSE that the assignment of rights will be ... More

    INTERVIEW


    `India has the potential of becoming a developed nation'
    LORD Swraj Paul has consistently articulated his firm and unflagging faith in India's potential. As Co-Chairman of the Indo-UK Roundtable and the Ambassador for British Business , he has passionately encouraged British companies to use the huge ... More

    EVENTS


    Taj joins consortium bidding for AAI land
    THE Taj Group of Hotels, part of Indian Hotels Company Ltd, is to be part of a consortium of five-star hotels in Mumbai to set up a convention centre near the international airport in Mumbai, according to Mr R.K. Krishna Kumar, Managing Director ... More

    RIGHTS ISSUES


    Tata Coffee to pick up Barista shares
    TATA Coffee Ltd has informed the Bombay Stock Exchange that its board today decided to subscribe to 4,56,140 equity shares of Rs 10 each at a premium of Rs 50 per share offered by way of the rights issue by Barista Coffee Company Ltd. Tata ... More

    OUTLOOK


    Reliance pegs subscription base at 6 m in first year — LG, Samsung hope to liven up CDMA market
    EVEN as the tariff plan for limited mobility services submitted by Reliance Communications Ltd is being "studied" by the Telecom Regulatory Authority of India (TRAI), the company has pegged its subscriber base during the first year of operations ... More

    PERFORMANCE


    Cochin Intl Airport may post Rs 2-cr profit
    THE Cochin International airport at nearby Nedumbassery, the first ever private sector airport in the country, is likely to post a profit of over Rs 2 crore during the current fiscal. Improvement in revenue coupled with cost-effective ... More

    NEW PRODUCTS & SERVICES


    Tata debuts in sedan segment with Indigo — Formal launch tomorrow
    THREE and a half years after it put the first `completely made in India' car, the Indica, on the roads, Tata Engineering on Monday unveiled its second offering and debut in the sedan segment, the Indigo, effectively positioning itself as a car ... More

    Volvo launches new tipper truck
    SWEDISH group Volvo has launched its new FM9 tipper truck in India. The new truck will be aimed at the construction industry, fuelled by speedy highways projects commissioned across the country. India is implementing a major 10-year programme ... More

    Wipro's Light Show
    The Chief Executive of Wipro Lighting — C&I Business, Mr Rajesh Kochhar, at a display of energy-saving lighting products manufactured by the company at the "Light Show" in Chennai on Monday. The products showcased included electronic ... More


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    `India has the potential of becoming a developed nation'


    `Cos lack market focus'

    Sugar trade split on buffer stock allocation

    Reliance pegs subscription base at 6 m in first year — LG, Samsung hope to liven up CDMA market

    Korea `ready' to plug India into 3G mobile tech

    Competition Bill passed in Lok Sabha — Panel proposed to check MNCs

    Gold poised higher

    In Focus
    Inside China

    Gujarat Elections
    Small Investor
    In Depth
    Gender Justice
    Simple Economics
    India Interior
    Consumer Notes
    Looking back
    Dec. 8-Dec. 14
    Encore to scale up Simputer output

    `We will put Railways on savings track' — Mr V. Gujral, Vice-Chairman & CEO, Jindal Steel

    I am ready to quit, says Mardia Chem chief

    Cost auditors gear for shield against law suits


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