Financial Daily from THE HINDU group of publications
Friday, April 05, 2002
Markets (April 4)
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ANNOUNCEMENTS


RIL raises polyester, polymer prices
RELIANCE Industries Ltd has hiked prices of polymer, polyester and fiber intermediates by 5 to 16 per cent from April 1. The increase in prices is in line with trend in international market where the prices have hardened in the recent past ... More

CORPORATE DISPUTES


Dr Reddy's mum on Sanofi's plaint
DR Reddy's Laboratories Ltd has declined to comment on the charge levelled against it by the French drug maker - Sanofi-Synthelabo SA - that an application was filed by Dr Reddy's to manufacture a copycat version of its blockbuster ... More

RESTRUCTURING


SPIC seals debt recast deal
SOUTHERN Petrochemical Industries Corporation (SPIC) expects to save Rs 60 crore on interest payment in the next couple of years consequent to a debt restructure plan agreed to by a consortium of bankers. Under the scheme, SPIC would pay a ... More

NEW PROJECTS


Golden Fries to go on stream in June
GOLDEN Fries Ltd, a 100 per cent EOU for producing 10,800 tonnes of parboiled frozen French fries annually, is set to commence production in June. When contacted by Business Line, sources said the Rs 40-crore facility has the capacity to ... More

NTPC mulls IPO route for capacity addition
THOUGH the National Thermal Power Corporation (NTPC) is not currently hamstrung by any liquidity crunch in its day-to-day activities, the premier Central utility may have to go in for a fresh infusion of funds through the public issue route to ... More

FLOWatch begins Chennai operations
CHENNAI: FLOwatch India, a water treatment company, has officially launched its operations in Chennai. A privately held firm, it offers various technologies to manage the water needs of such end-users as housing complexes, hospitals, ... More

REGULATORY BODIES & RULINGS


FIPB grants Pfizer more time to set up wholly-owned arm
THE US-based Pfizer Corporation has been granted a one-year extension by the Foreign Investment Promotion Board (FIPB) for setting up a wholly-owned subsidiary in India, namely — Pfizer Corporation Private Ltd. The subsidiary will ... More

TRADE & LABOUR UNIONS


Dabhol officials detained by angry workers
THREE officials of the Dabhol Power Company (DPC) were said to have been detained by over 170 angry workers in the plant premises from March 30 to April 2. The officials were not allowed to leave the premises until IDBI officials and the Mumbai ... More

ALLIANCES & JOINT VENTURES


SDG Soft, Pramati tie up for Java-based solutions
SDG Software Technologies and Pramati Technologies have announced a strategic partnership that will deliver competitive, high performance enterprise Java solutions to enterprises, institutions, exchanges and capital markets. Through a ... More

SICK UNITS


Will BIFR's tough stand on IISCO force Centre's hand?
A close study of the observations understood to have been made by the BIFR Bench clearly suggests that it is no more prepared to buy the contention of the Centre and IISCO's parent, SAIL. More

Siscol gets Rs 6-cr lifeline from ICICI -- Rolling mill in 6 months
THE Rs 1,035-crore integrated steel plant — Southern Iron and Steel Company Ltd — promoted by the Coimbatore-based LMW group, is finally set to achieve completion of the rolling mill following the release of Rs 6 crore out of the Rs ... More

OUTLOOK


Rain Calcining sees Rs 36-cr hit from new wheeling charges
RAIN Calcining Ltd (RCL), the Visakhapatnam-based Rs 300-crore producer of calcined petroleum coke and power, which till recently was hopeful of coming out of red, now expects to suffer a negative impact of around Rs 36 crore per annum owing to ... More

PERFORMANCE


HAL posts Rs 305-crore profit
HINDUSTAN Aeronautics Ltd (HAL) has posted a sales turnover of Rs 2,730 crore ( Rs 2,447 crore) in the 2001-2002 fiscal with a profit of Rs 305 crore (Rs 265 crore). HAL also exported goods and services to the tune of Rs 67 crore. Mr. N.R. ... More

For whom the `BHEL' tolls
"BE content with what you have, little be it or much...'' Remember that line which advised contentment in life and not try to grab things which are beyond reach. Perhaps, this line of thinking requires an amendment and should read: "Make the ... More

RINL turnover crosses Rs 4,000-cr mark
RASHTRIYA Ispat Nigam Ltd (RINL), which suffered an equity erosion of more than 50 per cent four years back, and was almost brought under BIFR, has bounced back, registering its highest-ever sales turnover and operating profit during ... More


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