Financial Daily from THE HINDU group of publications
Saturday, July 12, 2003
Markets (July 11)
BL 2501311.48 (+0.28)
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Dollar (Buy/Sell)46.09/46.22
Gold Std (10 gm)5265

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Impal to pay 150 pc
INDIA Motor Parts Ltd has kicked-off its 50th year celebrations with a 150 per cent dividend for 2002-03, 30 percentage points higher than for the previous year. The company's board of directors has recommended a dividend of Rs 15 per share, ... More

US co `keen to source' batteries from Exide
EXIDE Technologies, US, has shown interest in sourcing batteries from Exide Industries Ltd for distribution in the Chinese market, according to Mr S.B. Ganguly, Executive Chairman & CEO of Exide Industries Ltd. Talking to newspersons at the end ... More

J B Chem to launch respiratory products
The international business is to get a considerable boost with the United States Food and Drug Administration likely to complete inspection of the company's tablet-making facility at Panoli by December 2003. More

  • Country Club asset stripping cleared

    COURTS/LEGAL ISSUES


    US court rejects Dr Reddy's plea against Pfizer
    Pfizer did not file a lawsuit against the former within the 45-day period prescribed by the Hatch-Waxman Act. More

    SOFTWARE


    Corporates go for security software
    BE they banks, telecom companies or plain vanilla manufacturing companies, as corporate India gets networked and connected, Indian enterprises are on high alert. They are growing more security conscious as they get a taste of the strengths and ... More

    NEW PROJECTS


    Adani Wilmar to double capacity
    Once the additional refining capacity is put in place, crude edible oils import is set to touch 55,000 t per month. More

    TRADE & LABOUR UNIONS


    Strike threat at Pepsi plant
    THE Pearl Bottling Private Ltd (Pepsi) Employees' Union at Madhurawada near here has served a strike notice in protest against the alleged moves of the management to break the union. At a press meet here on Friday, Dr K.S Mohana Kumar, General ... More

    ALLIANCES & JOINT VENTURES


    Mukta Arts, Adlabs form joint venture
    MUKTA Arts Ltd and Adlabs Films Ltd have announced that they have set up a 50:50 joint venture, Mukta Adlabs Digital Exhibition Ltd which will target to update 400 B class theatres across India within the next one year. The companies did not ... More

    OUTLOOK


    NEG Micon turnover may touch Rs 500 cr — Expects boost from domestic sales
    WITH the growth in the wind energy sector, NEG Micon (India) Pvt. Ltd expects its turnover to go up to Rs 800-1,000 crore next year (calendar year). This year, it expects to end with a turnover of Rs 500 crore, which itself is a jump from about ... More

    PERFORMANCE


    Co-marketing pacts boost Orchid's formulations sales
    ORCHID Chemicals & Pharmaceuticals' formulation business (drugs in final form such as tablets) contributed 12 per cent (5 per cent) to Orchid's sales in 2002-03. The company's annual report for 2002-03 identified co-marketing arrangements ... More

    Matrix Labs announces 50 pc dividend
    THE board of directors of Matrix Laboratories Ltd (MLL), the merged entity of Matrix Labs, the Ranbaxy-controlled Vorin Labs and the Chennai-based Shriram group promoted Medicorp Technologies, which met here on Friday to take on record the ... More

    PEOPLE


    Top level changes in Hindalco, Indo Gulf
    ADITYA BIRLA Group companies - Hindalco Industries Ltd and Info Gulf Fertilizers Ltd - - will have new chiefs from October. Mr A.K. Agarwala, Whole-Time Director, Hindalco Industries, will step down to be replaced by Mr Debu ... More

    NEW PRODUCTS & SERVICES


    Chevrolet to be GM's mainstream brand
    WITH the launch of the Chevrolet Optra, General Motors India says the Chevrolet brand will be its mainstream brand in the country while Opel will be the premium brand. Both the brands will co-exist, company officials told journalists here on ... More
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    Top Stories
    Kharif oilseeds, pulses output may rise — Good monsoon aids better sowing


    Resurgent India Bonds redemption — RBI, SBI work out plan for smooth payout

    US court rejects Dr Reddy's plea against Pfizer

    PC sales up 37% in 2002-03 — Class B, C cities post 63 pc growth

    Banks more shy of rural lending

    Minister moots plan to boost `port tourism'

    Most major ports fare better in Q1 but fall short of targets

    Belling the corruption cat that has nine lives

    In Focus
    The Cable tangle
    Pakistan Diary
    Indo-Pak Monitor
    Indo-China Relations
    Telecom Competition

    In Depth
    In Kashmir
    Simple Economics
    Slowburn
    Tax Talk
    NRIs & Investment Avenues
    Corporate Governance

    Looking back
    Jun. 29-Jul. 5
    Pacific Spirits-Inver House to test Indian waters

    Juggling forex, running a PSU: Two sides of a CMD

    Corolla, Qualis to cost more

    For BAL, it's a case of defending leadership, margins

    Mauritius a test run for Arvind Mills, post-2005

    New norms likely on auditor employment


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