Financial Daily from THE HINDU group of publications
Saturday, June 01, 2002
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Dollar (Buy/Sell)49.00/49.13
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MODERNISATION


Supply troubles dog Travancore Cements
UNCERTAINTY hovers over the modernisation of the State-owned Travancore Cements Ltd (TCL) near Kottayam because of hindrance in the supply of the raw material, lime shell. Despite having huge deposits of white lime shells in the company's ... More

ANNOUNCEMENTS


ITC cans gourmet desserts
ITC Foods, a division of ITC Ltd, is all set to introduce ready-to-serve desserts, including vermicelli-based payasam (sevian) and khubani ka meetha (an apricot-based sweet), in 450-g cans, promising shelf life of up to 12 ... More

  • Intl Travel to pay 10%
  • Yokogawa Electric tech for Shell Expo

    MANPOWER


    Separation deal for Bharat Gold Mines staff
    THE Cabinet on Friday approved a special termination benefit package for 3,533 employees of Bharat Gold Mines Ltd (BGML). This package will be offered for a period of one month from the date of notification of the scheme. Briefing newspersons ... More

    Most of Somasundara Mills workers accept VRS
    THE wrangle over the modified voluntary retirement scheme (MVRS) of the Somasundara Mills, the sick textile unit under the National Textiles Corporation (NTC), took a surprising turn, with a majority of the 600-odd workers accepting the MVRS ... More

    MERGERS & ACQUISITIONS


    Grasim ups stake in L&T by 2.84%
    The increase in stake notwithstanding, board representation stands unchanged, a spokesperson said. More

    REGULATORY BODIES & RULINGS


    Remote board meets: DCA nod to come with riders
    THE Department of Company Affairs (DCA) has in-principle decided to allow board meetings through video conferencing and tele-conferencing. But the provision would come with a caveat, the Secretary, Department of Company Affairs (DCA), Mr Vinod ... More

    RIGHTS ISSUES


    Subex plans Rs 20-cr rights issue
    BANGALORE: Telecom products company Subex Systems plans to fund its expanding, marketing and sales initiatives through a Rs 20-crore rights issue, the Managing Director, Mr Subash Menon, has said. ``We need that money for our sales ... More

    OUTLOOK


    Global licensing is Ranbaxy prescription for growth
    The global licensing initiative also seeks to strengthen collaborative research through alliances with drug delivery and research companies. More

    Thermax bets on services business to drive growth
    THERMAX Ltd, the Pune-based energy and environment major, is looking at a five-pronged strategy for driving growth. Ms Anu Aga, Chairperson, Thermax Ltd, told Business Line that the company's new `services' business would be a major ... More

    TRENDS


    Surviving the recession -- II: When India Inc goes places
    Companies that were never keen on export markets (which are now ruing that) are putting exports as high priority. And those that are already exporting are looking to newer markets. More
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  • Top Stories
    Grasim ups stake in L&T by 2.84%


    Huge agri-database in the making

    Grains export price cut

    i-flex IPO to open on June 5 at Rs 530

    Mahajan warns VSNL of tough legal action

    Public sector bank profits show 100 pc growth

    Export trend shows diversification to small nations

    In Depth
    Gender Justice
    Simple Economics
    Guide to derivatives

    Looking back
    May. 19-May. 25
    `Park Hotels open to ideas of going overseas'

    HLL tags special dividend to bonus debenture -- Scheme modified to address income-tax problem

    Hind Sanitaryware to demerge glass unit to separate co

    A costly miss for Indian Oil?

    Pre-1971 cos continue to dominate: CMIE study

    OrbiTech merges with Polaris -- Citigroup is largest stakeholder

    IOC to divest stake in ONGC, GAIL -- Over Rs 2,500-cr gain seen

    Significant M&A activity in offing: A.T. Kearney survey


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