Financial Daily from THE HINDU group of publications
Tuesday, April 08, 2003
Markets (April 7)
BL 2501083.22 (+15.82)
BSE Sensex3215.24 (+47.54)
S&P CNX Nifty1031.50 (+14.55)
Dollar (Buy/Sell)47.37/47.50
Gold Std (10 gm)5060 (-80)

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ANNOUNCEMENTS


HCL Tech bags $160-m BT deal
HCL Technologies, the Shiv Nadar-promoted software major, on Monday announced it has won a business process outsourcing (BPO) deal worth $160 million from the BT Group, UK's telecom service provider. The five-year contract was the largest deal ... More

Elgi to showcase `smallest compressor' at Hannover fair
Since the new screw air compressor, termed as "the world's smallest", was portable, the companies could save on the infrastructure needed for operating conventional air compressors. More

Vadilal scotches takeover rumours — Scouting for partners in processed foods arm
VADILAL Industries Ltd (VIL) has denied that it is in talks with Nestle India Ltd or any other multinational for offering a substantial stake in its ice-cream business. "Vested interests in the industry speculate about Nestle or other MNCs ... More

  • HLL postpones AGM

    ACCOUNTING STANDARDS


    DCA accepts many recommendations — Naresh Chandra voice to find echo in Bills
    THE Department of Company Affairs (DCA) has accepted most of the suggestions of the Naresh Chandra Committee on `Corporate audit & governance'. These recommendations are likely to form part of the two proposed Bills — Companies ... More

    OPEN OFFERS


    Clariant to make open offer for 20% Colour Chem stake
    THE Switzerland-based speciality chemicals major Clariant International Ltd AG will make an open offer to acquire 20 per cent stake in Colour Chem Ltd at Rs 318 per share. In a notification to the stock exchanges, EBITO Chemiebetelligungen AG ... More

    OUTSOURCING


    Kennametal mulls BPO outsourcing
    KENNAMETAL Inc, world's second largest metals company and the parent of Widia India Ltd, is likely to outsource customer support efforts to Indian call centres to cut costs, the Widia Managing Director, Mr Kumar Kanetkar, said. ``We are ... More

    AWARDS & HONOURS


  • Swedish award for ABB's Uppal

    COURTS/LEGAL ISSUES


    SC rules against I-T Dept claims, says Tata Chem
    TATA Chemicals Ltd said that the Supreme Court has ruled in its favour with regard to Income-Tax Department's claims worth Rs 400 crore. ``The claims by the income tax authorities pertain to interest expenses capitalised by Tata Chemicals ... More

  • Dredging Corpn gets Andhra HC stay

    RESTRUCTURING


    ECC revamped into 4-business sector model
    LARSEN & Toubro has restructured its Chennai-based Engineering Construction and Contracts division, telescoping the 18 strategic business unit structure into a four-business sector model. This is part of the company's plan for its ECC division ... More

  • Excel shareholders meet on April 25

    CORPORATE GOVERNANCE


    Narayana Murthy panel report on corporate governance — Is whistle blower policy practical?
    THE whistle blower policy recommended in the recent report of SEBI's committee on corporate governance and Clause 49 of the Listing Agreement, which was headed by Mr N.R. Narayana Murthy, Chairman and chief mentor of Infosys Technologies, seems ... More

    NEW PROJECTS


    JCB plans to make Indian arm export hub for South Asia
    LEADING earthmoving equipment manufacturer, the $1.5-billion JC Bamford Excavators is planning to develop India as an export hub for the South Asian markets and will soon be investing towards capacity expansion at its Indian facility. "We will ... More

    Uranium Corpn to set up mining unit in Algona dist
    URANIUM Corporation of India Ltd (UCIL) is in the process of securing various clearances to commence work on the Rs 415-crore project to tap huge uranium reserves in Andhra Pradesh aimed at supporting fuel requirements of Nuclear Fuel Complex and ... More

  • Ayur Health Centre launched

    ALLIANCES & JOINT VENTURES


    V9 Broadband in pact with US co
    V9 Broadband Technologies, engaged in research and commercial deployment of next generation broadband networks, has tied up with IP Deliver Inc of the US for establishing research and development centres at Bangalore and Tirupati. Under the ... More

    BPCL ties up with HM for co-branded lubricants
    BHARAT Petroleum Corporation Ltd (BPCL) and Hindustan Motors Ltd (HM) on Monday announced the launch of a range of co-branded lubricants in Kolkata, to begin with. To be marketed under the "MAK-HM'' brand, the lubricants will be launched ... More

    ECONOMIC OFFENCES


    ICSI tightens disciplinary mechanism
    THE recent spate of white-collared frauds has pointed fingers at the company-auditor nexus. In order to combat any such professional misconduct of its members, the Institute of Company Secretaries of India (ICSI) has spruced up its disciplinary ... More

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    Vadilal scotches takeover rumours — Scouting for partners in processed foods arm

    HCL Tech bags $160-m BT deal

    Steep decline in mango prices

    Gold goes off `green channel'

    i-flex issue: More in it than meets the eye

    In Focus
    Run-up to Budget
    Kelkar Report
    Bottled water: How safe is it?
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    Housing Fin. rate war: Bonanza for consumers!
    NPAs in Banking
    In Depth
    Simple Economics
    Consumer Notes
    Tax Talk
    The Brahmananda collections
    NRIs & Investment Avenues
    Corporate Governance
    Gold: Still the winner?
    Cars: Always a beauty
    Books and Reviews
    Looking back
    Mar. 30-Apr. 5
    Philanthropy with a difference

    `Ethics are important' for top brass

    HSL: In the dock

    How foods failed to add muscle to HLL

    Honda Motor to import two-wheeler built units — Changes royalty payment norms


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