Financial Daily from THE HINDU group of publications
Thursday, March 02, 2006
Markets (March 1)
BSE Sensex10565.47(+195.23)
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ANNOUNCEMENTS


Baleno price cut by Rs 8,000
Maruti Udyog Ltd has cut the price of its premium car Baleno by Rs 8,000 after custom duties were brought down in the Union Budget. With this, the ex-showroom price (Delhi) of Baleno LXi comes down from Rs 5,83,173 to Rs 5,75,173 and that of ... More

Tata hikes prices of hot rolled coils
Tata Steel has raised prices of hot rolled coils by Rs 1,500-2,000 per tonne in its non-contract sales, the company's spokesperson said. The steel major also raised prices of galvanised steel by Rs ... More

DS Constructions bags hydel project
DS Constructions has bagged a hydroelectric power project from the Government of Arunachal Pradesh. The Naying hydro project will involve construction on Siyom river in West Siang district at a cost ... More

MyTVS Club HP Smart1 card launched
More

CORPORATE DISPUTES


Tatas move to buy Birla stake in Idea Cellular
Serves notice for breach of shareholders pact More

OVERSEAS BORROWINGS


Aban Loyd to raise $80 m via FCCBs
Aban Loyd Chiles Offshore proposes to go in for an issue of Japanese Yen denominated foreign currency convertible bonds for $80 million. The bonds carry a coupon rate of zero per cent till conversion. ... More

COURTS/LEGAL ISSUES


Gardes-Essar backs out of CBM contracts bid
Stay order on ONGC awarding contracts lifted More

MERGERS & ACQUISITIONS


Pidilite acquires 75 pc stake in Thai company
Company on the lookout for more buys More

Gujarat Narmada to merge arm with itself
GNFC holds 56.45 per cent equity in NCPL and the two companies are located on the same campus at Bharuch. More

CORPORATE GOVERNANCE


Govt to nominate only two directors to oil PSU boards
Meeting demand for greater corporate autonomy More

ALLIANCES & JOINT VENTURES


French co Saft picks up stake in Amco
To set up jt venture for batteries making More

INTERVIEW


Price cuts to step up growth, says Khattar
Maruti aims to achieve double-digit growth More

SOCIETY & DEVELOPMENT


Grayson gives blind people a Web vision
A visit to Mr David Grayson's Web site will reveal that he is truly a campaigner for responsible businesses. The home page of Mr Grayson's Web site, www.davidgrayson.net, has been designed to be fully ... More

OUTLOOK


IOC's revenue loss on LPG sales to come down
Indian Oil Corporation Ltd on Wednesday said that its revenue loss on sale of cooking gas (LPG) would come down by Rs 600-650 crore a year because of certain Budget proposals announced by the Finance Minister, Mr P. Chidambaram, on Tuesday. ... More

PERFORMANCE


TVS Feb sales up 18 per cent
TVS Motor Company posted a growth of 16 per cent in motorcycles, selling 66,391 units in February. "With the launch of TVS Apache, TVS expects to close this year with a growth of 18 per cent in motorcycle sales and the highest volumes ever ... More

Maruti sales down 5.8 pc
Maruti Udyog has reported a 5.8 per cent decrease in total sales in February at 41,095 units, as compared to 43,603 units in same month last year. The domestic sales for the month declined 8.1 per cent at 36,608 units versus39,826 unitsin ... More

Hero Honda sales rise 12 pc
NEW DELHI: Hero Honda on Wednesday reported a 12.14-per cent rise in sales during February as compared with the same month last year. The company clocked sales of 2,50,695 units (2,23,546 units) in February. ... More

GM India Feb sales up 3.6 pc
General Motors India on Wednesday reported a 3.6 per cent increase in sales during February this year compared with the same month a year ago. The company sold 1,709 units in February 2006 (1,650 units). "The sales of the Chevrolet Tavera ... More


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Top Stories
Cement sector says nothing concrete


Australia hails easing of mining norms

Tatas move to buy Birla stake in Idea Cellular

UTI Mutual to enhance international operations

AWB wins wheat tender

India to turn major metals consumer

Pre-monsoon activity seen setting in early

Tata Motors unveils Cliffrider at Geneva show

In Focus

Infrastructure woes stare IT sector
IPO Scams
FDI in retail sector
Dynamic Tirupur
Surging Sensex
Gold scaling new highs
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Feb. 19-Feb. 25
ONGC close to buying SPIC Petro for Rs 1,200 crore — Formal pact may be signed soon

Exclusive marketing rights for Novartis' cancer drug cancelled



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