Financial Daily from THE HINDU group of publications
Friday, April 12, 2002
Markets (April 11)
BL 2501179.10 (+14.30)
BSE Sensex3497.67 (+18.08)
S&P CNX Nifty1143.60 (+5.10)
Dollar (Buy/Sell)48.85/48.98
Gold Std (10 gm)5010 (+40)

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Siena Weekend to make way for Palio estate
WITH the estate version of the Palio scheduled for launch in May, Fiat India Pvt Ltd will stop producing the Siena Weekend, the estate version of the mid-size passenger car Siena. The Palio Weekend as well as the Palio Adventure are both slated ... More

  • MPM clarification

    COURTS/LEGAL ISSUES


    BIS tag must for bottled water: Madras HC
    IN an interim ruling, the Madras High Court has directed that units producing packaged drinking water can continue to do so only with necessary certification of the Bureau of Indian Standards (BIS). The First Bench, comprising Chief Justice Mr ... More

    RESTRUCTURING


    Ricoh to consider consolidation plan
    JAPANESE major Ricoh may consolidate its business operations in India, which is being currently run through three different organisations. These outfits are Ricoh India, Gestetner Ltd and the Prima Division of Godrej & Boyce Mfg Co Ltd. All ... More

    MERGERS & ACQUISITIONS


    Sterlite concludes HZL deal; pays Rs 445 cr to Govt
    THE Sterlite group on Thursday concluded the deal for buying a controlling stake of 26 per cent in Hindustan Zinc Ltd (HZL) by paying the bid price of Rs 445 crore to the Union Government. Sterlite Industries Ltd and Sterlite Optical ... More

    NEW PROJECTS


    LG Electronics to set up $20-m production unit
    LG Electronics India Ltd (LGEIL) has announced plans to establish a second manufacturing unit in the country at a cost of $20 million. The new unit is expected to commence production from the second half of 2003. The company currently has a ... More

    REGULATORY BODIES & RULINGS


    Corporates for separate panel on searches
    `Sentiments in the capital market are already at low ebb. Grant of sweeping powers to SEBI at this juncture would impact the growth of the securities market as well as the investor sentiment.' More

    ALLIANCES & JOINT VENTURES


    Pact to create awareness on quality diagnostics
    SPECIALITY Ranbaxy Ltd (SRL) and the local branch of the Indian Medical Association (IMA) have entered into an understanding to create awareness of the need to focus on quality specifications in medical diagnostics which is common in the ... More

  • KPCL, Power Finance tie-up

    EVENTS


    Nestle `leverages' knowledge from nutrition workshops
    FOOD fortification is a global phenomenon and food corporates are getting onto the bandwagon. However, it would take Government participation to ensure food fortification for the masses, said Dr Dilip Mahalanabis of the Society for Applied ... More

    `Corporate India needs loyalty'
    THE Executive Vice-Chairman and Managing Director of Eveready Industries Ltd, Mr Deepak Khaitan, has urged young entrants into the corporate world to be loyal to the company that provides them with the opportunity to begin their careers. ... More

    IPOS


    `A Coke IPO will sizzle the capital market'
    THOUGH Coca-Cola India has once again approached the Government seeking a waiver on the mandatory 49 per cent disinvestment norm on grounds of poor market conditions, the capital market in general feels that an initial public offering (IPO) from ... More

    OUTLOOK


    Ranbaxy UK arm a problem child?
    IS the pharma major Ranbaxy Laboratories Ltd's (RLL) UK subsidiary turning out to be a problem child for the parent company? May be not so much in monetary terms, but certainly so in terms of its public image, point out industry ... More

    Maruti to shift gear on production parameters
    MARUTI Udyog Ltd, charting a course ahead for 2005, plans to bring down its rejection cost by half, reduce warranty (in-house) to one-third and achieve a 70 per cent reduction in average defects. The company also hopes to increase its `direct ... More

    Engineers India in pact with Ministry
    NEW DELHI: State-owned Engineers India Ltd on Wednesday signed a memorandum of understanding with the Ministry of Petroleum & Natural Gas, setting a target of Rs 684 crore for the value of services to be rendered in 2002-03. EIL had ... More

    BSES hopes to get Maithon project work
    BSES Ltd is hoping to get a slice of the Maithon Right Bank (MRB) project, which it is promoting through an equal joint venture with Damodar Valley Corporation. Confirming this, sources told Business Line from Mumbai and New Delhi that ... More

    PERFORMANCE


    Tata Engg in cash profit zone with Indica
    TATA Engineering's Rs 1,700-crore car project has reached a cash profit situation in fiscal 2001-2002. "We have been able to achieve it in the third year,'' Mr. Rajiv Dube, Vice-President (Commercial), Tata Engineering, said here on ... More

    BHEL power unit profit up
    BHEL's power project construction unit (Power Sector-Southern Region) has achieved a turnover of Rs 347 crore in 2001-02, which is 9.5 per cent higher than the Rs 317-crore turnover achieved in the previous year, according to Mr N. Kamalanathan, ... More

  • Hinduja TMT net up 10% at Rs 46.40 cr

    PEOPLE


    Ravina Kohli to head Star News
    STAR has appointed Ms Ravina Raj Kohli as President of Star News, after it broke off its alliance with the Prannoy Roy-promoted NDTV. Ms Kohli will spearhead the Star News operations and report directly to Star India's CEO, Mr Peter Mukherjea. ... More
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  • Top Stories
    FDI: Hi China, excuse me India


    `A Coke IPO will sizzle the capital market'

    It's a different `dot' game

    Ranbaxy UK arm a problem child?

    UTI team to examine audit reports of 9 cos

    Madras HC stays cut in tax on perks

    Revised grains export price from May 11

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Mar. 31-Apr. 6
    Murugappa group plans new co for IT services

    Hero Honda, `world's largest 2-wheeler co'

    Hind Lever warning shows FMCG cos are on slow track

    IOC may not pass on post-APM gains -- To add `value' to retail outlets

    Maruti back in black, makes Rs 55-cr profit

    Asian Paints eyes buys; `talking to Snowcem'

    BHEL may keep PSU status after 16 pc stake sale

    Tata Steel plans new forays


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