Financial Daily from THE HINDU group of publications
Friday, December 27, 2002
Markets (Dec. 26)
BL 2501128.45 (+7.73)
BSE Sensex3382.64 (+29.87)
S&P CNX Nifty1094.80 (+9.80)
Dollar (Buy/Sell)47.98/48.11
Gold Std (10 gm)5610 (+10)

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BOC Medical lines up new products, services
RIDING the rapid growth and modernisation in the health care industry, BOC Medical, medical division of BOC India, which is part of the UK-based BOC Group Worldwide, is planning to introduce a basket of products and services, for both - the ... More

Ranbaxy gets FDA nod for Isotretinoin
RANBAXY Laboratories Ltd today announced that it has been granted approval by the US Food and Drug Administration (FDA) to manufacture and commercialise Isotretinoin capsules in potencies of 10, 20 and 40 mg. Based on pharmacokinetic studies, ... More

Birla 3M has a new name
BIRLA 3M Ltd has undergone a name change and will now be known as 3M India Ltd. This is in line with 3M's global naming approach for its companies outside the US. The Birla Group will however, continue to retain its share in the company and Mr ... More

Mukand to stop taking fresh orders
MUKAND Ltd has informed BSE that in view of the depressed business conditions in the machine tools sector, the machine tools division executed only the orders on hand and had stopped booking further business for the division. Most of the ... More

MERGERS & ACQUISITIONS


Reliance hikes BSES stake to 44%
RELIANCE Industries Ltd, along with Reliance Power Ventures Ltd, today bought close to two per cent equity in power company BSES Ltd. With this, the RIL Group holds 44.12 per cent stake in BSES, according to a notice to the stock ... More

Saptarishi Agro set to change hands again
SAPTARISHI Agro Industries Ltd is set to change hands again with the acquisition of Global Green Company's holding by Calibre Rehabs Ltd, according to information provided by the company to the stock exchanges. Global Green Company, a unit of ... More

NEW PROJECTS


Exterior-Interiors to set up subsidiary in Sri Lanka
KOLKATA-BASED design organisation, Exterior-Interiors (P) Ltd, engaged in the business of training and consulting in "architectural interior design", on Thursday announced the setting up of its wholly-owned subsidiary in Colombo, Sri ... More

TRADE & LABOUR UNIONS


`Kerala Govt must avert Indal unit closure'
THE Save Indal Action Council (SIAC) has sought the intervention of the State Government to avert closing down of Indal's unit at nearby Eloor. The company management has already served a notice to Kerala State Electricity Board (KSEB) to ... More

Coastal Paper hit by strike
THE workers of Coastal Paper Mill at Kadiyam near here are on strike to press the management to concede their demands, including payment of bonus at 20 per cent. The workers went on strike on Tuesday night, bringing to a halt the three ... More

ALLIANCES & JOINT VENTURES


Milma, NDDB arm sign marketing pact
THE Kerala Co-operative Milk Marketing Federation Ltd (Milma) and National Dairy Development Board (NDDB) subsidiary, Mother Dairy Foods Ltd, have entered into a joint venture to market Milma products in Kerala. The joint venture agreement, ... More

DIVERSIFICATION


Godrej group forays into tea retailing
THE Rs 4,000-crore Godrej group's foray into tea will witness a phased rollout of Godrej Tea Ltd's two brands with a target of reaching out to 1.5-2 lakh retail outlets in the next three months, Mr Pranab Barua, Managing Director of the newly ... More

OUTLOOK


Skoda targets 40 pc more sales in 2003
CARMAKER, Skoda Auto India, hopes its sales in 2003 will go up by 40 per cent over the current year to 8,500 units, driven by new models and the success of its existing brands. "We are confident of achieving our target of 6,000 cars for the ... More

Swatch group plans to expand in India
SETTING up a vendor development base in India, outsourcing software expertise from India, as well as plans to set up its own production unit in the country depending on the brand's performance - the 4.6 billion Swiss Francs Swatch group has ... More

Agro Corpn on growth path
THE Andhra Pradesh State Agro Industries Development Corporation Ltd (APSAIDCL), which was in the `red' for long and recommended for closure by the Subramaniam Committee, has been slowly rehabilitating itself after shedding excess flab, winding ... More


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