Financial Daily from THE HINDU group of publications
Wednesday, February 27, 2002
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Financial Daily from THE HINDU group of publications Wednesday, February 27, 2002 |
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CORPORATE ANNOUNCEMENTS Chatterjee ready to bring more equity into HPL MR Purnendu Chatterjee of Chatterjee Petrochem (Mauritius), one of the three promoters of Haldia Petrochemicals (HPL), is ready to bring in more equity to the company but would like to share the risks with a partner who could add value to ... More OPEN OFFERS Cadbury parent ups stake to over 90%; plans second offer CADBURY Schweppes Plc's holding in Cadbury India Ltd has risen to over 90 per cent after its open offer to the shareholders of the Indian company. Approximately 14 million shares were tendered in the open offer, pushing up Cabdury Schweppes ... More RESTRUCTURING Grasim to divest loss-making unit GRASIM Industries has decided to divest its loss-making fabric manufacturing operations at Gwalior to Melodeon Exports Ltd and its associates (Swastik group of Bhilwara). However, in this divestment, Grasim will pay a sum of Rs 15 crore to ... More MERGERS & ACQUISITIONS CORPORATE GOVERNANCE Enronitis: US will recoup, but will we? A Big Five auditing firm actively connived in concealing the truth of Enron's financial position and destroyed documents. More ALLIANCES & JOINT VENTURES 
Offshore development centre in Chennai -- Hexaware,Valtech tie upHEXAWARE Technologies, part of the Aptech Group, has signed a three-year contract, worth around $25 million, with the French firm, Valtech, to set up a worldwide development centre (WDC) in the city for the latter. The offshore development ... More INTERVIEW 
`Wipro has optimised shareholder value'MR Suresh K. Senapati, the CFO of Wipro Ltd, sees himself as the co-pilot, assisting the CEO of this technology bellwether to navigate in these choppy times. In the backdrop of Wipro's robust growth complemented by its stringent accounting ... More OUTLOOK M&M to ride on Lada unit for overseas foray "We are at an advanced stage for launching Bolero in Georgia. Already test vehicles have been sent. By leveraging the Lada manufacturing base, we will be able to roll out Bolero there." More PERFORMANCE Purchase policy pays for Core Health CORE Healthcare Ltd has seen a sharp improvement in performance in the first 9 months of 2001-2002. The company attributes this to the multi-pronged strategy adopted by it, including improving the cost-effectiveness in raw material purchases. It ... More PEOPLE NEW PRODUCTS & SERVICES 
Mahindra unveils 15-seater mini-busMAHINDRA & Mahindra Ltd, a major player in the multi-utility vehicle (MUV) segment in the country, has launched Tourister, a 15-seater mini-bus, at its Zaheerabad plant located about 100 km from Hyderabad. The President and Executive Director ... More
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Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Feb. 17-Feb. 23 Sponsored ADR/GDR programme to be liberalised -- Cos may get nod to divest in unlisted arms abroad DCA tightens norms on loans to directors Board meetings may go hi-tech HP in pact to help AP bridge digital divide |
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