Financial Daily from THE HINDU group of publications
Saturday, January 04, 2003
Markets (Jan. 03)
BL 2501133.30 (-2.86)
BSE Sensex3357.54 (-7.52)
S&P CNX Nifty1089.60 (-3.45)
Dollar (Buy/Sell)47.97/48.10
Gold Std (10 gm)5590 (+10)

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Dunlop to take up conversion jobs for other tyre majors — Ambattur unit to get priority
DUNLOP India Ltd (DIL) is gearing up to play a major role as converter of tyres for other established tyre companies. The conversion job is being taken up to ensure that the existing installed production facilities at DIL's two factories - ... More

Novo Nordisk too cuts prices
NOVO Nordisk has reduced the price of human insulin by almost 25 per cent for human insulin vials filled in India. Dr Anil Kapur, Managing Director and Vice-President (International Operations), Novo Nordisk India Private Ltd, said the price ... More

Eli Lilly slashes price of human insulin
ELI Lilly and Company (India) Pvt Ltd has slashed prices of its human insulin brand — Huminsulin. After the price reduction, a 10-ml human insulin vial will cost Rs 145 against the earlier price of Rs 218, the company today said. The ... More

Reliance Infocomm alerts customers
RELIANCE Infocomm has cautioned subscribers and customers not to make any payments in cash or cheque to anyone except authorised `Point of Sales Agents' and `Dhirubhai Ambani Entrepreneurs'. In a press release, it claimed that there has been an ... More

Dr Reddy's ships generic Ibuprofen to America
DR Reddy's Laboratories Ltd, the Hyderabad-based pharmaceuticals major has announced that it has commenced shipment of prescription Ibuprofen tablets in the dosages of 400mg, 600mg and 800mg to the US market. In a press release here on Friday, ... More

ESOPS


Accounting norms for ESOPs by mid-Feb
THE Institute of Chartered Accountants of India (ICAI) hopes to lay down comprehensive accounting norms for Employee Stock Option Schemes (ESOPs) by mid-February. The detailed norms are also likely to cover the accounting treatment for the new ... More

AUDITING


Auditors `qualify' Siris accounts
THE statutory auditors of Siris Ltd, the Hyderabad-based ailing pharmaceutical company, have qualified the accounts of the company for the year ended March 31, 2002. Interestingly, the auditors have also announced that the directors of the ... More

MERGERS & ACQUISITIONS


Readers Digest sale stuck over royalty
ROYALTY payment to the US parent is believed to be the main issue holding up the Tatas' plan to sell the Indian Reader's Digest to the Living Media group. Indian Reader's Digest is published by RDI Print & Publishing Ltd (a 100 ... More

CORPORATE GOVERNANCE


`Accountability must be built into corporate governance'
CREATING wealth and maintaining a free and just society are essentially two sides of the same coin. Both require broad-based systems of accountability that need to be built into the governance structures of corporations, according to Mr Viren J. ... More

SICK UNITS


Alind units put up for sale
THE process for sale of the various divisions of the ailing Aluminium Industries Ltd (Alind) has been set in motion with tenders being floated inviting bids for take-over of the company's Relays Division near here and the Switchgear Division at ... More

PERFORMANCE


SAIL output up 7 pc in April-Dec
STEEL Authority of India Ltd (SAIL) produced 7.34 million tonnes of saleable steel, a growth of seven per cent during April-December 2002 over the corresponding period last year, according to a company release. The four integrated steel plants ... More

NEW PRODUCTS & SERVICES


Nicholas Piramal launches new anti-allergic drug
NICHOLAS Piramal India Ltd (NPIL) plans to launch 10 new products through its newly-formed respiratory division, ACTIS. The company, which recently acquired Rhone-Poulenc, expects a revenue worth Rs 325-330 crore through ACTIS and ... More
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