Financial Daily from THE HINDU group of publications
Friday, November 21, 2003
Markets (Nov. 20)
BL 2501698.32 (-22.84)
BSE Sensex4771.23 (-52.50)
S&P CNX Nifty1522.30 (-18.30)
US Dollar (Buy/Sell)45.72/45.86
Gold Std (10 gm)5935 (-5)

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ANNOUNCEMENTS


Supreme Yarns EGM to decide on mortgage
SUPREME Yarns Ltd has informed the Bombay Stock Exchange that the extraordinary general meeting of the company will be held on November 29. The meet is convened to mortgage all the company's immovable and movable properties wherever situated, ... More

CORPORATE DISPUTES


Eisai takes Dr Reddy's to court on gastro drug
EISAI, a global pharmaceutical company, has filed a lawsuit against Dr Reddy's Laboratories Ltd, the city-based pharma major, alleging that the latter has infringed its patents on Aciphex, a drug indicated for the treatment of gastroesophageal ... More

MANPOWER


CESC extends voluntary retirement scheme date
THE West Bengal power utility, CESC Ltd, has decided to extend its voluntary retirement scheme (VRS) by five days, which opened on November 1. A CESC source said that this had been done in view of the "days lost due to festivities such as ... More

NEW PROJECTS


Kistler opens sales office in Chennai
KISTLER Instrumente AG, the Swiss firm and suppliers of measurement instruments, has opened its sales and marketing office in Chennai. Kistler's instruments measure parameters such as pressure, force and acceleration using "peizo electric" ... More

RIGHTS ISSUES


Electrolux Kelvinator to submit revised rights issue proposal to SEBI
WILL Electrolux Kelvinator Ltd, the Indian subsidiary of the Swedish white goods major AB Electrolux, be lucky this time around? The company is all set to submit its updated letter of offer (LoF) for the Rs 199.7-crore rights issue proposal ... More

OUTLOOK


Kinetic may ride in Hyosung's Comet
AFTER Aquila, it will be the 250 cc Comet, the stylish looking sports bike from the stable of Hyosung, to make heads turn and Kinetic is negotiating with the South Korean company to bring it into the country. "We are considering the ... More

Hyundai bets on new Accent variants to take on Honda City
HYUNDAI Motor India plans to pit two of its Accent variants against the new Honda City launched last month. "We believe that we have products that can take on the City," asserts Mr B.V.R. Subbu, President, Hyundai Motor India Ltd. Hyundai's ... More

LG sees 36 pc sales growth this year
LG Electronics India Pvt. Ltd. expects its revenue to grow 36 per cent in this calendar from a year ago to report close to Rs 4,500 crore, Managing Director, Mr Kwang-Ro Kim, said. The company hopes to report net profit at five per cent of ... More

Price cut to hit Nicholas Piramal
THE price cut announced by the National Pharmaceutical Pricing Authority on vitamin A bulk drugs would have an adverse impact on Nicholas Piramal Ltd's profit before tax and sales for financial year 2004. The company informed the BSE in a ... More


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