Financial Daily from THE HINDU group of publications
Thursday, December 04, 2003
Markets (Dec. 3)
BL 2501840.59 (+13.75)
BSE Sensex5221.90 (+35.82)
S&P CNX Nifty1670.50 (+12)
US Dollar (Buy/Sell)45.58/45.71
Gold Std (10 gm)6040 (+10)

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ANNOUNCEMENTS


IOC offers products to Bangladesh through Haldia
"Haldia dock would gradually emerge as IOC's export point." More

WHO pre-qualifies Ranbaxy's AIDS drug combination
RANBAXY Laboratories Ltd said today that the World Health Organisation (WHO) has pre-qualified its triple drug anti-AIDS fixed doze combination, Triviro-LNS 30 and 40mg tablets, sold in India as Virolans. The product, a bio-equivalent of the ... More

Spl dividend from Colgate-Palmolive
THE board of directors of Colgate-Palmolive on Wednesday announced a dividend of 25 per cent, consisting of a second interim dividend of 12.5 per cent for year 2003-2004 and a one-time "special" dividend of 12.5 per cent, in commemoration of the ... More

Orchid diabetic drug to start human trials in Europe
ORCHID Chemicals & Pharmaceuticals Ltd on Wednesday announced that an anti-diabetic drug developed by its associate company, Bexel Pharmaceuticals, would start clinical trials on humans in Europe on December 15. The drug had received the ... More

  • Colgate-Palmolive changes director
  • Color Chips board meet

    OVERSEAS BORROWINGS


    Cos can offer equity against all ECBs
    THE Government has permitted Indian companies to issue equity shares against all types of external commercial borrowings (ECBs). Earlier in July, the Government had permitted partial conversion of ECBs for those loans that have already become ... More

    MERGERS & ACQUISITIONS


    Boston-based fund picks up stake in KEC
    GMO Emerging Markets Fund, a Boston-based FII, has picked up a 5.01 per cent stake in power transmission company KEC International Ltd. KEC informed the stock exchange on Wednesday that GMO Emerging Markets Fund had acquired 17.97 lakh shares ... More

    NEW PROJECTS


    Maruti plans diesel engine plant
    MARUTI Udyog Ltd (MUL) is mulling the possibility of setting up a diesel engine assembly plant near its automobile manufacturing facilities at Gurgaon, near Delhi. This could mark a distinct shift in the company's strategy regarding diesel ... More

    Asian Paints to set up new plant in TN
    ASIAN Paints Ltd is setting up a new manufacturing plant in Tamil Nadu with an estimated phased investment of Rs 120 crore. The water-based paint plant will have a total capacity of one lakh tonnes per annum. This will be the sixth ... More

    SRF board meet to on Dec 9 to consider nylon yarn proposal
    THE board of directors of SRF Ltd is to meet on December 9, to consider and approve a capital expenditure proposal for setting up facilities to manufacture nylon yarn at the company's factory at Malanpur. The company has informed the Bombay ... More

    REGULATORY BODIES & RULINGS


    Govt nod for unlisted cos' sweat equity to be mandatory
    THE Government's approval will soon become mandatory for the issuance of sweat equity by unlisted companies beyond a specified level. The Department of Company Affairs (DCA) proposes to impose this restriction in cases where unlisted companies ... More

    BONUS ANNOUNCEMENTS


    Haria Exports board meet on Jan 7
    MUMBAI: Haria Exports Ltd has informed the Bombay Stock Exchange that its board of directors has decided to meet on January 7, for the consideration of a bonus issue of equity shares. ... More

    OUTLOOK


    Super Spinning pins hope on new hybrid cotton
    SUPER Spinning Mills Ltd (SSML), which has taken to contract cotton cultivation for the second successive year this kharif, is betting on Sara-2, its new hybrid long stable cotton variety developed in-house. This strain seems to be catching ... More

    Balaji Tele pins hopes on new shows to improve financials
    TELEVISION software producer, Balaji Telefilms Ltd (BTL), is gearing up to improve its performance not only on the stock markets but also in financial terms. After a sluggish performance during the second quarter of the current fiscal, the ... More

    PERFORMANCE


    M&M auto sales up in Nov
    MAHINDRA & Mahindra Ltd (M&M) on Wednesday reported a rise in automotive sales for November 2003, to 9,662 units from the 7,191 units of the previous corresponding period. Utility vehicle sales touched 7,719 units (5,778 units in November ... More
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    Mid-Term Monetary and Credit Policy for the year 2003-2004

    Pick a Winner Stock Market Contest

    Top Stories
    Eco Ministry notification — `Construction sector may take a hit in 2004'


    Govt nod for unlisted cos' sweat equity to be mandatory

    `Gift route' offers scope for ADR arbitrages

    Software majors hire more, earn less

    Consolidation boosts bank stocks

    Pepper failure reflects poor commercial intelligence

    The missing linkages for borrowers

    In Focus
    Outsourcing backlash
    Stamp paper scam
    Housing finance scenario
    Insurance Round-up — 2003
    Organic farming
    The Cable tangle
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    Rising intolerance
    (The Hindu)
    Vaishnavaite Temples in Tamil Nadu
    (The Hindu)
    Saivite Temples in Tamil Nadu
    (The Hindu)

    In Depth
    Insurance Corner
    Swati CA
    Simple Economics
    Slowburn
    Tax Talk
    NRIs & Investment Avenues
    Iraq Diary

    Looking back
    Nov. 23-Nov. 29
    ECB curbs — A clichéd approach to tackling forex riches?

    Escorts tractor unit pegs Rs 175 cr profit in 2 years


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