Financial Daily from THE HINDU group of publications
Saturday, December 13, 2003
Markets (Dec. 12)
BL 2501903.34 (+3.04)
BSE Sensex5315.81 (+15.85)
S&P CNX Nifty1698.90 (+3.50)
US Dollar (Buy/Sell)45.50/45.63
Gold Std (10 gm)6080 (+30)

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Non-payment of additional deposit — Regulator stops BSES from cutting supply
THE State electricity regulator on Thursday stopped BSES Ltd from cutting supply to about 20 lakh users if they did not pay an "additional security deposit" demanded by the company. BSES Ltd, now part of the Reliance Group, last week told its ... More

UB scouts for buys in wine, RTD segments
UNITED Breweries is planning to scale up its presence in the wine and ready-to-drink (RTD) alcoholic beverages market in a big way. According to Mr Vijay Rekhi, President of UB Spirits Division, the company is looking to make a local ... More

BHEL bags order from Ambuja Cement
NEW DELHI: Bharat Heavy Electricals Ltd (BHEL) has bagged an equipment order from Ambuja Cement Eastern Ltd (ACEL) for a captive power plant at its cement factory in Chhattisgarh. Aimed at augmenting its captive power generation ... More

  • Ester shareholders' meet on Jan 5
  • Shasun plant passes European inspection

    OPEN OFFERS


    3 groups make open offer for 20 pc in Sterling Holiday
    AN open offer for 20 per cent of the Rs 18.22-crore equity of Sterling Holiday Resorts has been made by three entities — Mr Steve Borgia, President, Sterling Holiday, Auromatrix Hotels, a licensee of Days Inn Worldwide in India, and Star ... More

    CORPORATE DISPUTES


    Patent violation: Mauser plans legal action
    THE Germany-based Mauser Gmbh, a leading global player manufacturing rigid plastic packaging products, plans to take legal action for patent violation, against some Indian companies engaged in the manufacture of plastic containers. The company ... More

    ENVIRONMENT


    Green marble, soap stone quarrying stopped
    THE production of internationally famous green marble and stones have come to a halt due to closure of mines located in Kherwada Tehsil (Udaipur) of Rajasthan, according to Rajasthan Khanij Udyog Mahasangh. The 226 green marble and 49 soap ... More

    MANPOWER


    Colour Chem offers VRS
    COLOUR Chem Ltd has informed the BSE that the company is offering the voluntary retirement scheme to its employees at its Thane factory and the Head Office at Churchgate, Mumbai. The scheme is intended to reduce overhead costs. "The company ... More

    MERGERS & ACQUISITIONS


    Bharti Tele to acquire 27 pc stake in Hexacom
    TELECOM behemoth Bharti TeleVentures Ltd, which is seeking to expand its cellular footprint across the country, has reached an agreement with Telesystem (Mauritius) Pvt Ltd, a subsidiary of Telesystem International Wireless Inc (TIW), Canada, to ... More

    AP Paper Mills stake sold to L.N. Bangur
    THE Andhra Pradesh Government has sold its 25.36 per cent stake in AP Paper Mills Ltd (APPML) for Rs 39.29 crore at Rs 130.95 per share to Digvijay Investments Ltd (DIL), which already holds 46.73 stake in the company. An agreement was signed ... More

    ALLIANCES & JOINT VENTURES


    Micro Labs, Eurodrug mull E. Asian jt venture
    Micro Labs is licensed to manufacture and market two of Eurodrug molecules namely Spasmopriv and Metadoxil. More

    IPOS


    Ma Foi proposes public offering
    THE board of directors of Ma Foi Management Consultants Ltd has decided to float an IPO in four months and the pricing of the share offer would depend on the market conditions at the time of the float. Since the company wants to list its shares ... More

    DIVERSIFICATION


    Mr Butlers into processed food
    KOCHI: Mr Butlers Group, the manufacturers of soda maker, is diversifying into manufacturing and marketing of FMCG products by entering the processed food sector, offering wide range of jams, squashes and sauces under the brand name Mr ... More

    STANDARDS & BENCHMARKS


    US nod for Gland Pharma injectables unit
    GLAND Pharma Ltd (GPL), the city-based injectables manufacturing company with the German collaboration, has received the approval of the US Food and Drug Administration (USFDA) for its injectables facility here. At a press conference here on ... More

    Samsung takes `Six Sigma' beyond manufacturing
    SAMSUNG India is taking the implementation of Six Sigma in the company, a step further to cover even non-manufacturing activities. According to a company official, Six Sigma projects implemented in recent months include divisions such as sales ... More


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    `US plan to cut tariff may push steel prices up'


    Cell base to cross 100 m in 2 years: Sunil Mittal

    Notebook prices set to fall further

    Above normal weather threatens rabi crops — Record area under gram

    Industrial growth slips to 5.4 per cent in Oct

    Pharma sector can double market size in 7 yrs, says Ranbaxy CEO

    In Focus
    Steel Industry in 2003
    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. 30-Dec. 6
    Indraprastha Gas IPO oversubscribed on first day

    Cipla told to pay Rs 77 cr penalty for over-pricing

    Govt nod for unlisted cos' sweat equity to be mandatory

    Coal India mulls setting up power plants

    Lupin prunes debt by Rs 300 cr


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