Financial Daily from THE HINDU group of publications
Friday, July 25, 2003
Markets (July 24)
BL 2501288.45 (+20.32)
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  • New auditing norms laid for `external confirmation'

    OVERSEAS BORROWINGS


    Tata Engg's FCCB issue over-subscribed
    ``On a stand-alone basis, this credit enhancement is among the highest in the last five years for an Indian corporate.'' More

    AWARDS & HONOURS


    Reliance voted `Most admired' business house
    RELIANCE has been voted the `Most admired business house' in the Business Barons-TNS Mode survey followed by Wipro and the Tata Group. The ranking was based on management quality, financial performance and returns to shareholders. This is the ... More

    CONSULTING


    New venture to help people migrate to Canada
    SINGH, Abrahams and Joomratty, a Canadian law firm specialising in immigration law, has tied up with Hi-Tours, a Chennai-based travel company to form SAJ International Pvt Ltd to provide outreach to people who want to immigrate to Canada. Mr ... More

    CORPORATE BONDS


    Cauvery Neeravari Nigam yet to decide on bonds sale
    CAUVERY Neeravari Nigam Ltd (CNNL) is yet to decide on the amount it plans to raise through sale of bonds in the current fiscal to fund its development initiatives in the Cauvery basin, according to Government sources. Earlier, it was reported ... More

    RESTRUCTURING


    Electrolux Kelvinator in revamp mode
    ELECTROLUX Kelvinator Ltd, a subsidiary of the Electrolux Group, today announced its internal reorganisation and appointment of an A-level team to strengthen the company's thrust in the Indian market. The A-team, headed by Mr Rajeev Karwal, ... More

    MERGERS & ACQUISITIONS


    Zee promoters sell 3% stake to FIIs
    PROMOTERS of the Subhash Chandra-lead Essel Group offloaded three per cent of their equity holding in Zee Telefilms, placing 1.23 crore shares in block deals with foreign institutional investors on the Bombay Stock Exchange today. The proceeds ... More

    NDTV seeks FIPB nod for StanChart arm picking up stake
    NEW Delhi Television Ltd (NDTV) has filed an application with the Foreign Investment Promotion Board seeking approval for Standard Chartered Private Equity (Mauritius) Ltd (SCPEML) to subscribe to its equity shares having a face value of Rs 10 ... More

    NEW PROJECTS


    IOC to go ahead with Chennai-Madurai pipeline — Planning Rs. 1100 cr Paradip-Haldia pipeline
    INDIAN Oil Corporation (IOC) is going ahead with plans to construct the Chennai-Tiruchi-Madurai pipeline on its own. The project will be placed before the company's board for approval soon. The 670-km pipeline was originally planned as a joint ... More

    ALLIANCES & JOINT VENTURES


    Infotech signs 3-year deal with Tele Atlas
    INFOTECH Enterprises Ltd has signed a long-term contract with Tele Atlas NV of the Netherlands to provide map data conversion services, which the company claimed was one of the largest outsourcing engagements for the digital mapping ... More

    Sentini ties up with H&R Johnson to set up ceramic tiles plant
    SENTINI Technologies (P) Ltd in association with H & R Johnson (India) Ltd is establishing Sentini Cermica (P) Ltd (SCL) at Chigurukota in Krishna district of Andhra Pradesh for manufacturing ceramic tiles. The 50: 50 joint venture company, ... More

    STANDARDS & BENCHMARKS


    Saj Services gets HACCP certification
    THE Chennai-based aviation catering company Saj Flight Services Pvt Ltd has received the HACCP (Hazard Analysis Critical Control Point) certificate for its flight catering unit in Thiruvananthapuram. The HACCP certificate was awarded to the ... More

    OUTLOOK


    Honda Siel eyes top slot in premium segment
    HONDA Siel Cars Ltd, with models like City and Accord in the domestic market, wants to dominate the premium segment described by it as price segments upward of Rs 6 lakh. According to Mr Hajime Yamada, President & CEO, Honda Siel Cars, the ... More

    PERFORMANCE


    Europe joins US in driving Ranbaxy profits — Q2 net up 42 pc; sales rise 20 pc
    EUROPE has joined the US market in spurring home-spun pharma major Ranbaxy Laboratories Ltd's (RLL) growth for the second quarter and six-month period ended June 30, 2003. Recovering from a de-growth in the anti-infectives segment, RLL's ... More

    Margin expansion boosts SBI net
    STATE Bank of India's performance in the first quarter of 2003-04 was on expected lines. The net profit growth of nearly 20 per cent was always on the cards given that incremental cost of funds for banks has been much lower than 5 per cent for ... More

    Maruti sees 55 pc growth in exports
    THE country's largest car maker, Maruti Udyog Ltd, expects to boost its exports by 55 per cent in 2003-04 to 50,000 vehicles on the back of growing popularity of its compact car, the Alto, in overseas markets. During 2002-03, MUL exported ... More

    PEOPLE


    Jacob Kurian quitting Tanishq, Tata group
    MR Jacob Kurian, Chief Operating Officer (COO) of Tanishq, the branded jewellery division of Titan Industries, is quitting. Mr Kurian has put in his papers to follow a career outside the Tata Group. Mr Bhaskar Bhat, Managing Director of Titan ... More
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    Satyam gets $20-m funding for BPO arm


    Cluster growth approach at industry level mooted

    Europe joins US in driving Ranbaxy profits — Q2 net up 42 pc; sales rise 20 pc

    Bottled water residue norms to take effect from January 1

    SOPA sees bumper soyabean crop this year

    IDBI closer to conversion into bank

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

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

    Looking back
    Jul. 13-Jul. 19
    Ray of hope at last on Tata Steel land-lease renewal

    Balrampur Chini gets $15-m IFC loan for UP project

    Cos can now grant loans in foreign currency for employees abroad

    Govt waives Rs 70.65 cr interest on MFL debt recast

    Small investors may lose direct access to markets

    FICCI calls for review of new Companies Bill


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