Financial Daily from THE HINDU group of publications
Wednesday, January 08, 2003
Markets (Jan. 07)
BL 2501130.59 (+0.32)
BSE Sensex3330.50 (-4.39)
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Dollar (Buy/Sell)47.94/48.06
Gold Std (10 gm)5660 (-70)

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RESEARCH & DEVELOPMENT


NCL developing 3 chiral drug compounds
NATIONAL Chemical Labs, Pune, is developing three chiral drug compounds, which are expected to be in the market by this year-end. These are anti-asthmatic R-Salbutamol, anti-histamine Citrizine and beta blocker Atenolol. Only in late 2002, ... More

ANNOUNCEMENTS


Ashok Leyland unveils new tipper truck
COMMERCIAL vehicles major, Ashok Leyland Ltd (ALL), today unveiled a new tipper truck ahead of `Build India 2003,' scheduled to start here from January 9. The truck - India's first twin bin two-way tipper - is called `Rubic.' Unlike ... More

NFCL board reconstituted
THE board of directors of Nagarjuna Fertilisers and Chemicals Ltd (NFCL), the Hyderabad-based pesticides and fertilisers manufacturer, has been reconstituted. In a communiqué to the stock exchanges on Tuesday, the company said the Chairman of ... More

PREFERENTIAL ALLOTMENTS


Jindal Polyester to issue pref shares to Jindal Photo
THE board of directors of Jindal Polyester Ltd (JPL) on Monday approved a proposal to issue a new series (series III) of Optionally Convertible Preference Shares (OCPS) up to Rs 35 crore on a preferential basis to Jindal Photo Films Ltd. As per ... More

ESOPS


IASB hopeful of nod for proposal on stock options
THE International Accounting Standards Board (IASB) is determined to see through its controversial proposal relating to expensing of employees stock options granted by companies, its Chairman, Mr David Tweedie, has said. "I can't see the ... More

AWARDS & HONOURS


ECIL to get SCOPE award
THE Electronics Corporation of India Ltd (ECIL) has been selected for the SCOPE award for excellence and outstanding contribution to the public sector management in the turnaround category for the year 2001-02. The Standing Conference of Public ... More

Ayurvedic excellence award for Taj group
IN recognition of its quality, purity, authenticity and the ayurvedic care rendered to the tourists, the State Government has given the `Green Leaf' award to the full-fledged ayurvedic centres attached to the four hotels of the Taj group in ... More

  • Award for Kudremukh ED

    HUMAN RESOURCES


    Bringing campus to corporates
    MANAGEMENT students from some of the little known colleges located in remote parts of Tamil Nadu can get jobs as prizes in some of the top-notch Indian firms across sectors. The reward will be given to successful MBA students at the end of the ... More

    MERGERS & ACQUISITIONS


    A good year of M&A activity
    THE M&A (mergers and acquisitions) activity failed to meet expectations raised at the half-year — compared to the 416 deals in the first-half, at Rs 28,900 crore ($6 billion), the second half saw only 260 deals at Rs 10,200 crore ($2.1 ... More

    NEW PROJECTS


    Chemplast PVC project goes to AP
    CHEMPLAST Sanmar Ltd today signed a memorandum of understanding with the Andhra Pradesh Government to explore the possibility of putting up a greenfield PVC project near Krishnapatnam. The MoU was signed by the officials of Chemplast Sanmar ... More

    TRADE & LABOUR UNIONS


    Strike at Rane's Pondicherry unit
    RANE (Madras) Ltd has informed the stock exchanges that workers at its Pondicherry unit have resorted to a strike and that conciliation proceedings are currently under way. When contacted, company officials told Business Line that the ... More

    ALLIANCES & JOINT VENTURES


    Satyam, BaaN form alliance — To offer commerce solutions
    SATYAM Computer Services Ltd and BaaN have formed a strategic alliance to deliver collaborative commerce solutions. Under this initiative both the companies will together deliver solutions that combine Satyam's strategic consulting and ... More

    INTERVIEW


    `Our focus on regulated markets has paid off' - Dr D.R. Rao, CMD, Neuland Laboratories
    NEULAND Laboratories Ltd (NLL), the Hyderabad-based Rs 101-crore active pharmaceutical ingredients (APIs) company with over 60 per cent global sales, has been a victim of market conditions that were beyond its control for a long period of 18 ... More

    OUTLOOK


    `Indica will fill a critical gap in Rover's stable'
    THE Indica from Tata Engineering fills a critical gap in the product line-up of MG Rover, Mr Graeme P. Maxton, Director of UK-based automotive consultancy, Autopolis and a Contributing Editor with the Economist Intelligence Unit, ... More

    PERFORMANCE


    Ashok Leyland vehicle sales up 70 pc in Dec
    ASHOK Leyland Ltd sold a total of 3,152 vehicles in December 2002, a 70 per cent increase over the 1,852 vehicles it sold in December 2001. Domestic sales accounted for 2,946 vehicles and exports 206 in December 2002, against domestic sales of ... More
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    In Focus
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    Consumer Notes
    Looking back
    Dec. 29-Jan. 4
    `Feedback on Bt cotton from farmers has been positive' - Mr Sekhar Natarajan, Managing Director, Monsanto India

    UB move to buy Mallya's US assets suffers setback

    DCA seeks total transparency in assets valuation

    `We are coming out of everything sub-scale' — Mr Ajai Chowdhry, Chairman and CEO, HCL Infosystems Ltd

    In the interest of better governance

    Cutting costs...at what cost to Bhopal residents?

    SEBI directs listed cos to do secretarial audit

    `Accountability must be built into corporate governance'


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