Financial Daily from THE HINDU group of publications
Saturday, July 19, 2003
Markets (July 18)
BL 2501293.42 (-15.05)
BSE Sensex3647.58 (-21.33)
S&P CNX Nifty1140 (-12)
US Dollar (Buy/Sell)46.22 (46.34)
Gold Std (10 gm)5270 (-10)

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ANNOUNCEMENTS


Altair to invest $2 m, increase manpower
THE Michigan-based Altair Engineering, a leading product design consulting and technology company, plans to invest $2 million in the next 12 months in India. Much of the investment will go towards sprucing up infrastructure including setting up ... More

COMPANY LAW


FICCI calls for review of new Companies Bill
The Bill proposes to plug the loopholes prevailing in the Act since long, to avoid misuse and to protect stakeholders effectively. It proposes to insert 16 new sections, substitute 34 existing sections, amend 123 and delete 21 existing sections. More

AWARDS & HONOURS


  • Regency chief honoured

    COURTS/LEGAL ISSUES


    Hatsun sues Tirupur dairy co for trademark infringement
    THE Chennai-based Hatsun Agro Product Ltd, owners of the `Arokya' brand of milk and milk products, has sued a Tirupur-based private milk company for trademark infringement. Hatsun Agro, which has taken a legal recourse in the Madras High Court ... More

    MERGERS & ACQUISITIONS


    Sundram Fasteners to buy promoters' stake in TVS Autolec
    SUNDRAM Fasteners Ltd has informed the Bombay Stock Exchange that it has entered into an agreement with Mr K. Vasudevan and his family members for acquiring 23.55 per cent equity of TVS Autolec Ltd, from them. As per the agreement, Mr ... More

    NEW PROJECTS


    Asian Paints to raise capacity
    PAINT major, Asian Paints (India) is to increase capacity and look towards its international business to boost growth. At the annual general meeting in Mumbai today, Mr Ashwin Choksi, Chairman, Asian Paints India Ltd, said the company plans to ... More

    Enercon wind energy project commissioned
    ENERCON India Ltd, a joint venture between the German power major, Enercon GmbH, and the Mehra Group, today commissioned a 21-MW wind energy project at Chitradurga in Karnataka. This is the second such project executed by Enercon's subsidiary, ... More

    TRADE & LABOUR UNIONS


    `Managerial negligence causes disputes'
    MOST frivolous disputes in the industrial sector are due to managerial problems and can be sorted out amicably, according to the West Bengal Labour Commissioner, Mr R.P.S. Kahlon. He was addressing members of the Bengal National Chamber of ... More

    SOCIETY & DEVELOPMENT


  • Venky's nutritional supplement

    SICK UNITS


    Dunlop: Kothari to find out ways to restart units
    EVEN as the Appellate Authority for Industrial and Financial Reconstruction (AAIFR) has re-fixed the date on August 28 for hearing of the stakeholders on the revival package for ailing Dunlop India Ltd (DIL), the Jumbo Group of late M.R. ... More

    OUTLOOK


    Wipro sees pressure on margins easing
    WIPRO Ltd has said the rate of slippage of operating margins is seen stabilising even as it reported a 2.3 per cent sequential margins contraction in April-June, the first quarter of the current financial year. Operating margin was at 22.2 per ... More

    WIPRO Health Sciences trips on forecast
    WIPRO Health Sciences, the health care and life sciences unit of Wipro Ltd, has tripped in meeting its break-even forecast which was June quarter of fiscal 2003-04. Wipro restructured the health sciences business in April 2003 and merged it ... More

  • Honeywell mulls new ventures

    PERFORMANCE


    Pricing pressure, higher costs tell on Wipro
    STEADY margin erosion continued to be the theme that underlined the earnings performance of Wipro Technologies, the Global IT Services and Products division of the diversified Wipro in the first quarter ended June 30, 2003. Despite registering ... More

    Herbalife sales cross Rs 330 cr in 3 years
    HERBALIFE India Pvt Ltd, a subsidiary of Herbalife International, US, has run up sales of over Rs 330 crore in a little over three years with a product basket filled with dietary supplements and weight-management products. Company officials ... More

    Palio helps Fiat cut losses 65 pc
    RIDING on the back of the success of its flagship model, Palio, Fiat has been able to reduce losses in its Indian operations by as much as 65 per cent over the previous year. Sources in Fiat told Business Line that since its launch in ... More


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    In Focus
    The Cable tangle
    Pakistan Diary
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    In Depth
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    Simple Economics
    Slowburn
    Tax Talk
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    Looking back
    Jul. 6-Jul. 12
    LABS to provide livelihood to 1 million by 2005

    Tata Engg begins pilot production for Rover

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    Court allows divestment in Jessop

    Hindalco, Indal merger `not now'

    Infosys projects may lose Rs 100 cr on strong rupee

    Infosys: Revenue growth to the fore

    Dip in M&As in line with global trend

    US court rejects Dr Reddy's plea against Pfizer


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