Financial Daily from THE HINDU group of publications
Friday, June 13, 2003
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Maruti IPO gets big response — Quotes above floor price; retail interest lukewarm
THE initial public offering (IPO) of Maruti Udyog Ltd met with an overwhelming response on the day of its opening today. It was oversubscribed 1.46 times at a price averaging 8.6 per cent higher than the floor price of Rs 115 per share, in the ... More

L&T board may spike ICRA plan for cement unit
THE plethora of valuations of Larsen & Toubro Ltd's cement division may be irrelevant as few on the board of the company are likely to agree to the proposals brought to the table by Grasim Industries, strategic partnership aspirant CDC Capital ... More

Beware fly-by-night players, Govt warns BPO sector
THE Indian ITES-BPO industry must guard against fly-by-night operators who could undercut prices affecting the industry, said Mr Rajeev Ratan Shah, Secretary, Dept of Communication and IT. Indian companies could not rest on their laurels but ... More

Bajoria sells holding in Bombay Dyeing
MR Arun Bajoria, the jute baron, who had forced the Securities and Exchange Board of India (SEBI) to rewrite the takeover code in 2001 through a creeping acquisition move on Bombay Dyeing, told Business Line on Thursday that he and his ... More

Fire at Ranbaxy's Mohali plant; 2 killed
THE fire at Ranbaxy's bulk drug facility in Mohali, Punjab, is unlikely to upset the company's apple-cart in global markets, particularly the US, where it has been marking impressive sales, according to pharma industry analysts. "Production ... More

Tatas to roll out new car models soon
TATA Engineering is all set to roll out the station wagon version of its Indigo Sedan in the next couple of months. Also revving up to make its debut is the petrol version of the company's multi-utility vehicle, the Safari, which is expected to ... More

Reservoirs storage at alarming low
EVEN as the south-west monsoon is yet to gain momentum, as many as 16 out of the country's 71 major reservoirs in key agricultural areas of Karnataka, Andhra Pradesh, Tamil Nadu and Gujarat are virtually dry. According to data released by the ... More


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