Financial Daily from THE HINDU group of publications
Friday, September 19, 2003
Markets (Sept. 18)
BL 2501463.88 (-49.29)
BSE Sensex4134.15(-101.20)
S&P CNX Nifty1302.35 (-39.25)
US Dollar (Buy/Sell)45.94/46.07
Gold Std (10 gm)5700 (+50)

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ANNOUNCEMENTS


Uniworld Consulting to set up operations in India
THE US-based Uniworld Consulting Inc, which deals in the business of providing best practices such as Six Sigma focused deployment solutions in several countries globally, intends to set up operations formally in the Indian market, Mr Dave Antis, ... More

EIH rules out cut in room rates
RULING out any new hotel projects by way of expansion, the EIH Ltd, a member of the Oberoi Group of Hotels, said the first priority would be to complete the on-going projects, both domestic and international. Also ruling out any further decline ... More

Taj Krishna relaunches Grand Ballroom
AS part of the Rs 60-crore renovation plan at the Taj Krishna hotel, Taj Hotels, Resorts and Palaces relaunched the `Grand Ballroom' with an outlay of Rs 6 crore. Besides having a lavish ambience with Italian marble, Czech chandeliers and ... More

BUYBACK


Bombay Dyeing board to consider buyback
THE board of directors of Bombay Dyeing & Manufacturing Company Ltd will meet on September 24 to consider a proposal for another round of buyback of the company's equity shares. The company had recently completed a buyback programme at the end ... More

PREFERENTIAL ALLOTMENTS


  • Mukand to issue preference shares
  • Asahi share allotment panel to meet on Sept 24

    AWARDS & HONOURS


    NFL, Ranbaxy units bag Indo Rama safety awards
    NATIONAL Fertilisers Ltd (NFL), Ranbaxy Laboratories Ltd and Indo Rama Synthetics (I) Ltd are part of a host of companies that have bagged the National Safety Awards for 2001 and 2002. The Union Labour Minister, Dr Sahib Singh Verma, presented ... More

    Granules MD gets award
    THE New Delhi-based Institute of Economic Studies (IES) has chosen the Managing Director of Granules India Ltd (GIL), Mr C. Krishna Prasad, for its annual Udyog Rattan Award and Granules for Excellence Award for the year 2003, according to a GIL ... More

  • ISO award for coir firm

    TECHNOLOGY


    Nanofiltration to treat textile dye effluents
    ENVIRONMENTAL Care Engineers, the Chennai-based effluent treatment consultants, have developed a nanofiltration-based technology for treating inlet dye bath in textile dyeing units. The company's Managing Director, Mr V.K. Somakumar, told ... More

    HUMAN RESOURCES


    Maruti offers VRS again
    THE country's largest car maker, the Rs 9,426-crore Maruti Udyog Ltd, has announced a two-phased voluntary retirement scheme for its employees, which will be completed during this financial year. The scheme will be available to permanent ... More

    Burroughs Wellcome offers VRS
    BURROUGHS Wellcome India Ltd has issued a notification to the Bombay Stock Exchange that the company has offered a voluntary retirement scheme to its workmen at the Mulund factory. According to the BSE Web site, Burroughs has accepted ... More

  • HR centre launched in Hyderabad

    MERGERS & ACQUISITIONS


    Business Standard offers 13 pc stake to Financial Times
    BUSINESS Standard Ltd has entered into an `in-principle' agreement with Financial Times, offering a 13.85 per cent equity stake in the company for Rs 14.1 crore. According to a company statement, detailed agreements will be worked out ... More

    RIGHTS ISSUES


    Chettinad Cement approves rights issue
    THE board of Chettinad Cement Corporation Ltd has approved a rights issue proposal for a value not exceeding Rs 40 crore. It has appointed a three-member committee to decide on the size and timing of the issue, and also to get regulatory ... More

    SICK UNITS


    Decision on TRL likely this month
    INDICATIONS are that a positive decision on the revival of the sick Travancore Rayons Ltd (TRL) at nearby Perumbavoor would emerge soon provided the promoters submitted a final demand with minimum requirements. Mr P.P. Thankachan, former ... More

    See reason, Chittivalasa mill management tells workers
    THE management of Chittivalasa jute mill in Visakhapatnam district has appealed to the workers "not to be misled by propaganda and act sensibly'' after considering the issues at stake. The mill has been out of production since June over an ... More

    OUTLOOK


    Ford India expects to break even next fiscal
    FORD India, the Indian subsidiary of global automobile major, Ford Motor Company, expects to record breakeven during the next fiscal, according to the Ford India President and Managing Director, Mr David Friedman. The Indian subsidiary has so ... More

    Q2 `going well' for Rallis
    FOR agro-chemicals major, Rallis India Ltd, which reported a loss of Rs 77.27 crore in 2002-2003, the current fiscal is expected to be better, given its own restructuring efforts and benefits accruing to the agricultural sector from the good ... More

    Bajaj Auto eyes overseas market for growth
    BAL is also all set to increase its share in the domestic market with a tie-up with State Bank of India. More

    Apollo plans to generate more overseas business
    APOLLO Hospitals plans to generate more overseas business in future. The company is working towards managing hospitals abroad as well as treating more overseas patients here. On the occasion of the 20th anniversary of Apollo's Chennai hospital ... More


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    TAM brings science to measuring TV promos

    Business Standard offers 13 pc stake to Financial Times

    IMF pegs GDP growth this year at 5.6 pc

    Tea industry rules out output cut

    Mutual funds — The importance of hedging short-term

    In Focus
    Cola Controversy
    The Cable tangle
    Indo-China Relations
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    In Depth
    In Kashmir
    Simple Economics
    Slowburn
    Tax Talk
    NRIs & Investment Avenues
    Corporate Governance

    Looking back
    Sep. 7-Sep. 13
    LG Electronics to double manpower in R&D unit

    Krebs Bio plans foray into food, agro-based business

    Lifting curbs on Indian exports — Tata Steel urges Govt to prevail upon China

    No overlap between SEBI, DCA: Bajpai


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