Financial Daily from THE HINDU group of publications
Tuesday, December 31, 2002
Markets (Dec.30)
BL 2501126.21 (-4.93)
BSE Sensex3374.97 (-23.03)
S&P CNX Nifty1091.95 (-6.45)
Dollar (Buy/Sell)47.90/48.03
Gold Std (10 gm)5645 (+5)

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  • BHEL bags order for steam turbine generator set

    CORPORATE DISPUTES


    Polaris to write off $1 m on `Indonesian safari' — Board for legal action against Bank Artha Graha
    POLARIS Software Lab Ltd plans to write off about $1 million on the Bank Artha Graha-related expenses. This included about $6,60,000 Polaris got from the bank for the order and legal expenses, Mr Arun Jain, Chairman and Managing Director and CEO, ... More

    OVERSEAS BORROWINGS


    Zee shares to be pledged with CSFB — Subhash Chandra to raise $40-m loan via OCB
    IN a major move to raise funds, the Subhash Chandra group has finalised plans to pledge equity shares of Zee Telefilms Ltd with the Zurich-based Credit Suisse First Boston Corporation (CSFBC) for a three-year term loan of $40 million. According ... More

    AUDITING


    `Fixing' audit reports may no longer be easy
    IMPERSONATING an auditor for signing the financial statements of enterprises may now not be all that easy, with the Institute of Chartered Accountants of India (ICAI) making it mandatory for an auditor to mention the membership number along with ... More

    RESTRUCTURING


    Gestetner board okays revamp plan for Nasik plant
    THE board of directors of Gestetner India Ltd has accorded permission to the company's Managing Director to take any measure for restructuring, including closure of manufacturing operations at Nasik. The restructuring process is expected to ... More

    MERGERS & ACQUISITIONS


    Oppenheimer buys 12.6% stake in SB&T
    OPPENHEIMER Funds has acquired from the market 16.98 lakh equity shares of jewellery manufacturer SB&T International, representing 12.58 per cent of the company's capital, an official statement said. "Leading institutional investors have shown ... More

    Polaris board okays merger with Orbitech
    THE shareholders of Polaris Software Lab Ltd on Monday approved the scheme of amalgamation between the company and Oribtech Solutions Ltd. The approval was given at an extra-ordinary general meeting (EGM) convened by Polaris here. In another ... More

    NEW PROJECTS


    LG plans to invest $7 million in life science venture
    THE Korea-based LG group has finalised plans to invest approximately $7 million in its Indian life science venture, LG Life Science India Pvt Ltd. The company has recently received the approval from the Foreign Investment Promotion Board (FIPB) ... More

    ALLIANCES & JOINT VENTURES


    Tata TD to leverage on third-party synergies
    DIAMONDS may be an investor's best friend in more ways than one, a fact that seems to have attracted Tata TD Waterhouse Securities. The joint venture between the Tatas and the Canadian investment group has roped in a top player in Mumbai's ... More

    INTERVIEW


    `Feedback on Bt cotton from farmers has been positive' - Mr Sekhar Natarajan, Managing Director, Monsanto India
    We have never seen the lack of patent protection as a major hurdle in launching new products. In fact, we hold Indian registrations for almost the entire complement of products held by our parent and generally do not hold back any brand from our pare nts' portfolio. More

    OUTLOOK


    Cognizant bullish on healthcare practice
    Currently, Cognizant addresses the three key drivers in the healthcare industry — which encompasses quality care, administrative efficiencies and compliance and provides the entire range of solutions to all the players. More

    Tata Steel to focus more on sustainable development
    TATA Steel is looking at further conforming to `triple bottomline reporting' standards that will cover various economic, environment and social aspects. The company would like to catch up with global initiatives on sustainable development, said ... More

    NEW PRODUCTS & SERVICES


    IOC launches high-end fuels in Kolkata
    INDIAN Oil Corporation (IOC) today launched two new branded petro-fuels in Kolkata, Durgapur and Siliguri. The branded petrol is called IOC Premium while the branded high speed diesel has been christened Diesel Super. To begin with, the branded ... More

    Goodlass Nerolac offers free insurance scheme
    FOLLOWING the trend of companies offering `free' insurance packages with their products, Goodlass Nerolac, the second largest paint company in the country, too has joined the fray and is giving insurance schemes. Coinciding with the holiday ... More


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    Top Stories
    Traditional items push export growth in H1


    Regional brands keep FMCG giants on their toes

    `Feedback on Bt cotton from farmers has been positive' - Mr Sekhar Natarajan, Managing Director, Monsanto India

    `Convergence India' to focus on broadband

    Mediclaim premiums to be hiked 6 pc

    Kelkar suggestion on edible oil duty a healthy one

    In Focus
    Inside China

    Stock scam unravelling
    Red signal for Chinese silk
    Petrol pump controversy
    Kelkar Report
    In Depth
    Gender Justice
    Simple Economics
    India Interior
    Consumer Notes
    Looking back
    Dec. 22-Dec. 28
    New fuel-efficient engine from Audi?

    SEBI allows 500 more cos to file documents electronically

    Car care centre goes extra mile to woo customers

    Body blow to body shopping by CAs


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