Financial Daily from THE HINDU group of publications
Tuesday, January 31, 2006
Commodities ( Jan 30 at close)
Gold (per gram) Rs755
Silver (per gram) Rs15.50
Brent crude (per bbl) Rs2931
Markets (January 30)
BSE Sensex9849.03 (-21.76)
S&P CNX Nifty2974.50 (-8.25)
US Dollar (Buy/Sell)44.08/44.22



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Holcim acquires 14.8 pc in Guj. Ambuja for Rs 2,100 cr — Rs 90 a share plus Rs 15 non-compete fee
A YEAR after it bought into India's largest cement maker, ACC, Swiss major Holcim today announced that it was buying 14.8 per cent stake in Gujarat Ambuja Cements Ltd (GACL) from its founder-promoters, the Sekhsarias and the Neotias, for Rs 2,100 ... More

A win-win deal with Holcim — Handsome exit price, non-compete free
The association with Holcim is bound to sharpen Gujarat Ambuja's edge as the most efficient player in the cement industry in the country. More

ACC — after Holcim is in
IT was last January that Holcim announced its acquisition of the hoary ACC Ltd, which has some of the oldest plants in the country and arguably the largest workforce in the cement industry. Although Holcim has been particular that the ... More

Apollo Tyres to buy Dunlop South Africa for Rs 290 crore — To get access to European market via distribution network
IN a significant all-cash overseas deal worth about Rs 290 crore, the board of directors of Apollo Tyres Ltd (ATL) on Monday approved the acquisition of the Durban-headquartered Dunlop Tyres International (Pty) Ltd (Dunlop South Africa). The ... More

Arcelor bid: Mittal Steel begins campaign to counter opposition
MITTAL Steel on Monday began a sustained campaign to counter the opposition to its $23-billion bid after the 18-member Arcelor board's rejection of the offer on Sunday. Sources in Mittal Steel told Business Line that without raising the ... More

DD to telecast Indo-Pak ODI matches live
CRICKET fans, who did not have access to Ten Sports and had to settle for the highlights of the test matches being played between India and Pakistan, will now be able to watch the live coverage of the forthcoming one-day international matches on ... More

Marginal drop in growth of infrastructure industries
THE six core infrastructure industries, including crude petroleum, coal, cement and electricity, witnessed a marginal decline in growth to 4.7 per cent in December 2005 from 4.8 per cent in the same month last year. For the April-December ... More

Polaris Software posts Rs 5.7-cr net loss — Co upbeat as orders are in the pipeline
POLARIS Software Lab Ltd has reported a net loss of Rs 5.70 crore on revenues of Rs 203.28 crore for the quarter ended December 31, 2005, against a net profit of Rs 18.27 crore on revenues of Rs 209.20 crore for the same quarter last ... More

MFs collection thru NFOs may touch Rs 10,000 cr in Jan
THE Sensex is just short of the 10,000-point mark. And the retail money continues to pour into the market through the mutual fund route, thanks to the huge amounts collected by the fund houses led by SBI Mutual Fund and UTI Mutual Funds through ... More

i-flex net rises — Oracle President joins board
I-FLEX posted a net income of Rs 48.2 crore in the quarter ended December 31, 2005, representing a 6-per cent growth year-on-year, and a 26-per cent increase quarter-on-quarter. Revenues for the quarter grew 29 per cent at Rs 388 crore, as ... More

Dell to add 5,000 more employees in India — Manufacturing unit on its radar
BULLISH on India, the world's largest PC maker Dell on Monday announced it would add 5,000 employees to its Indian operations, taking the workforce to 15,000 over the next two years. Dell is also looking at establishing a manufacturing facility ... More

Bids for Mumbai, Delhi airports revamp to be opened today — Union wants Govt to consider its alternate plan
THE modernisation and restructuring of Delhi and Mumbai airports is set to reach the last lap with the Government scheduled to open the financial bids to decide on the eventual winners here tomorrow. "The bids will be opened at 3.30 p.m. ... More

Foot soldiers or salesmen? Medical reps seek clarity
The solution to the problem goes beyond just fixing the legal position of medical representatives, points out Dr R. B. Smarta, Managing Director of Interlink, a consultancy outfit to pharma companies. More

Cold loses bite as westerly systems `flatten out'
A FRESH western disturbance forecast to enter the northwest by Wednesday is likely to be delayed since the existing system over Jammu and Kashmir and the adjoining hills continues to persist triggering cloudiness and rain over north Pakistan and ... More

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