Financial Daily from THE HINDU group of publications
Saturday, February 23, 2002
Markets (Feb. 22)
BL 2501122.62 (+12.94)
BSE Sensex3604.08 (+33.62)
S&P CNX Nifty1163.50 (+13.65)
Dollar (Buy/Sell)48.72/48.80
Gold Std (10 gm)4890 (+20)

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BUYBACK


Godrej buyback at Rs 18 per share
GODREJ Industries Ltd (GIL) today announced a scheme of arrangement to purchase its shares from the shareholders. The company plans to purchase not more than 40 per cent of its paid-up equity share capital — 2,46,88,014 equity shares of ... More

RESTRUCTURING


Sasken restructures business model
SASKEN Communication Technologies Ltd, the Bangalore-based software products and services company has restructured its business into four strategic business units (SBUs). The four SBUs, carved out of the erstwhile business divisions and their ... More

Zee Tele to merge, liquidate 11 subsidiaries
ELEVEN subsidiaries of Zee Telefilms Ltd (ZTL) will cease to exist according to the company's corporate restructuring proposal cleared by its board on Friday. These subsidiaries include five Indian companies — E-connect India Ltd, ... More

Alembic to relaunch Glycodin
AS part of its restructuring process, the Baroda-based Alembic Ltd is planning to relaunch one of its oldest brands in the OTC (over-the-counter) segment, Glycodin. Ms Mallika Amin, whole-time director, Alembic Ltd, told reporters that the ... More

DCA clears 2 ITDC properties demerger plan
THE Department of Company Affairs (DCA) has cleared the demerger proposal of the two Indian Tourism Development Corporation's (ITDC) properties - Lodhi Hotel and Laxmi Vilas Palace Hotel, from its parent company. "The demerger proposal for ... More

NEW PROJECTS


2/3-wheeler venture -- Suzuki accuses Govt of lacking inter-Ministerial co-ordination
THE Indian counsels for Suzuki Motor Corporation, who were co-ordinating with the Foreign Investment Promotion Board (FIPB) regarding the company's latest plan to set up a two/three-wheeler facility in India, have fired off a letter to the ... More

Gurukul Online to expand business
GURUKUL Online Learning Solutions Pvt Ltd (GOLS), a provider of e-learning solutions is planning to expand its reach in the country. The company has tied up with UXL, a multi-level computer peripherals marketing company to sell its online ... More

CIAL moots SEZ near airport
COCHIN International Airport Ltd (CIAL) has mooted the idea of setting up a special economic zone on its surplus land near the international airport at nearby Nedumbassery. Discussions were on with Hudco and SBI Caps on this proposal, Mr Babu ... More

ABB to expand Vadodara power transformer unit
ABB India on Friday said it would expand the capacity of its Vadodara power transformer factory. The unit will now be able to produce a complete range of power transformers up to 400 kV, according to a news release. The company would also ... More

TRADE & LABOUR UNIONS


Leyland signs wage pact at Ennore plant
ASHOK Leyland Ltd has signed a long-term wage settlement with its workers at the Ennore plant, involving a hike in pay and production. The settlement involves an average hike of Rs 3,500 per worker in addition to flexibility in work practices, ... More

OUTLOOK


Tata Engg financial recast will reflect its true worth, says ED
TATA Engineering's financial restructuring is perceived by the company as a move towards reducing capital employed, thereby improving the return on capital employed (ROCE) and enhancing overall shareholder value. On Wednesday, the company's ... More

Mid-Day turnover may dip on lower adspend
A SLOWDOWN in advertising spend in the economy is expected to impact the topline of Mid-Day Multimedia Ltd during the current fiscal. Turnover for the year 2001-2002 is expected to decline to around Rs 93 crore. This will be three per cent ... More


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Top Stories
Top IT cos lean heavily on five major clients


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In Depth
Inside Kashmir
Guide to derivatives
US-64
Looking back
Feb. 10-Feb. 16
ChrysCapital buys 5 pc stake in NIIT -- Seeks FIPB nod for 10 pc more

Schreiber to acquire 11 pc Britannia stake in Dynamix

Open offers up despite fewer M&A deals

Rashtriya Chem eyes 74% stake in SAIL unit

RBI approves ADR/GDR re-issue

VSNL enters Tata family

Pechiney may bid for Nalco control

Paradeep sold for Rs 151.7 cr

TVS signs Sachin as brand ambassador


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