Financial Daily from THE HINDU group of publications
Wednesday, October 08, 2003
Markets (Oct. 7)
BL 2501659.77 (-4.32)
BSE Sensex4632.94 (+1.55)
S&P CNX Nifty1477.85 (-1.05)
US Dollar (Buy/Sell)45.28/45.41
Gold Std (10 gm)5655 (+30)

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ANNOUNCEMENTS


Honda Siel readies desi version of Fit
HONDA Siel Cars India Ltd has started the countdown and kicked off the commercial production of its yet unnamed second offering in the highly competitive C segment of the industry. Top company sources told Business Line that over a ... More

KAL shifts gears to petrol engines
THE public sector Kerala Automobiles Ltd (KAL), manufacturer of diesel three-wheelers, is busy effecting a strategic shift to petrol engines with strict pollution norms and progressively chasing diesel engines out of a number of cities within ... More

COMPANY LAW


Cochin chamber flays some provisions in Co Amendment Act
Provisions relating to independent and non-executive directors under the proposed amendments and those mooted by SEBI are counter productive and restrictive, says Mr Shah. More

AWARDS & HONOURS


BHEL bags award
Instituted by the Ministry of Communication and Information Technology, the award has been won by BHEL's Electronics Division, Bangalore, for its achievements in the area of instrumentation and industrial electronics. Mr K.G. Ramachandran, the ... More

MANAGEMENT


Stop, check, go!
If you are keen to evaluate where your organisation is headed and how it is performing at every turn, CPM tools are your answer. More

MERGERS & ACQUISITIONS


TVS Motor to acquire Lakshmi Auto's engine components biz
The move to split LAC into `engine components' and `rubber and plastics components' businesses and take them into two separate companies, has been in the offing for some time now. More

NEW PROJECTS


Subway to set up shop in Chennai
SUBWAY, said to be the world's largest submarine sandwich and salad restaurant chain, is scheduled to open in Chennai before Deepavali. The restaurant will be located at Spencer Plaza and will be under the direct supervision of the Subway world ... More

ALLIANCES & JOINT VENTURES


ECIL in pact with Osmania varsity
THE Electronics Corporation of India Ltd (ECIL) and the Osmania University (OU) have joined hands to offer `MS by Research' degree for B.E/B.Tech graduates. The tie-up is to make the academic staff of the OU and the MS students actively ... More

STANDARDS & BENCHMARKS


We've not received FDA report: Cadbury
CADBURY India Ltd said that it has not received any official intimation from the Food & Drug Authority (FDA) on the laboratory report on Cadbury's products. FDA had conducted laboratory tests on samples of Cadbury products. The tests had ... More

SICK UNITS


BIFR directs Enchante to iron out issues with SBI
IS branded gold and diamond jewellery maker, Enchante Jewellery Ltd (EJL), losing its sparkle? The company, which was declared sick almost a year ago, seems to be finding it difficult to convince secured creditors about its resourcefulness. The ... More

PERFORMANCE


Leyland H1 sales up 29%
ASHOK Leyland Ltd has sold 20,360 vehicles in the first half of this financial year, a 28.7 per cent growth over the 15,821 vehicles it sold in the first half of the previous financial year. The company's sales at 4,615 vehicles in September 2003 ... More

Eicher's Sept sales dip due to vendor's labour trouble
SALES for commercial vehicle manufacturer Eicher Motors Ltd (EML) fell by 11.5 per cent in September due to disruption in supplies from a key component supplier following a labour strike. The company sold 1,120 vehicles during the month ... More

CRDi speeds past Hyundai's other Accents
ACCENT CRDi, the new-gen diesel model of Hyundai, is turning out to be a huge success for the country's second largest carmaker — but at the cost of other variants of the same model. Within a year of its launch, Accent CRDi (common rail ... More


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Looking back
Sep. 28-Oct. 4
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Interest burden declines more for mid-sized companiess


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