Financial Daily from THE HINDU group of publications
Tuesday, June 18, 2002
Markets (June 17)
BL 2501160.09 (+4.23)
BSE Sensex3323.50 (+11.43)
S&P CNX Nifty1088.90 (+3.20)
Dollar (Buy/Sell)48.94/49.07
Gold Std (10 gm)5230

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CORPORATE

ACCIDENTS


Tata Chem tank collapse claims three lives
THE Tata Chemicals soda ash plant at Mithapur near Dwarka in Jamnagar district witnessed a bizarre accident today as two steel tanks of the unit collapsed on some seven workers who were at that time engaged in maintenance work underneath the ... More

RESEARCH & DEVELOPMENT


`MDR-TB, new area for drug research in India'
MULTIDRUG-resistant TB (MDR-TB), which is emerging as a big health risk these days, is an area with research potential for Indian drug companies, according to Prof Javed Iqbal, well-known scientist and academician and Director of Regional ... More

ANNOUNCEMENTS


RINL to focus on retail market
RASHTRIYA Ispat Nigam Ltd (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP), is in the process of changing its marketing gears by giving a sharper focus to retail sales. As part of this programme, the company has decided to open a ... More

BUYBACK


Sterlite purchase scheme `not binding'
STUNG by criticism over its scheme of arrangement to purchase 50 per cent of its equity stake, Sterlite Industries (India) Ltd's (SIIL) has said that the scheme is voluntary. "This is a completely voluntary scheme, not binding on the investor ... More

RESTRUCTURING


ITDC in revamp mode -- Refocussing on core competence
The in-house creative wing, Ashok Creative, which has positioned itself as a specialised tourism communication agency, will now offer its services to others. More

NEW PROJECTS


Ramapuram Holiday plans resort at Kabini
RAMAPURAM Holiday Resorts will soon start construction of its second holiday resort project in Karnataka. Located at Kabini, the resort would be spread over 12 acre and have 20 cottages after the first phase of construction. Speaking to ... More

REGULATORY BODIES & RULINGS


Tumble from the Temple
THINGS happen fast in the US judicial system when it comes to putting a noose round the neck of a once-venerated accounting firm. Within months - not mega months as here - the 12-member jury has found the audit firm Andersen guilty of ... More

Vanishing cos get show-cause notices
THE Department of Company Affairs (DCA) has initiated action against 70-odd companies and their promoters who had "vanished'' after cheating the gullible investors. "Show-cause notice has been issued to some of these companies and their ... More

ICWAI council may get back some financial powers
"This move is intended to enable ICWAI to put its house in order and function smoothly," official sources told Business Line. But this comes with a rider. More

ALLIANCES & JOINT VENTURES


Stewarts & Lloyds ties up with four foreign partners -- To sell Mumbai factory
"If necessary, we may offer some stake, but it will depend on the nature of that particular agreement. There is no hard and fast rule against offering equity." More

STANDARDS & BENCHMARKS


J.B. Chem gets EU certification for Nifedipine
J.B. Chemicals and Pharmaceuticals Ltd (JBCPL) has been awarded the `Certificate of suitability to European Pharmacopoeia Monograph' or `EP4' from the European Union for its active pharmaceutical ingredient - Nifedipine. The EU recently ... More

SICK UNITS


MoU signed for revival of Trayons
THE much-awaited MoU for reviving the sick Travancore Rayons Ltd (Trayons) at nearby Perumbavoor was signed on Monday. The signatories were Mr John Mathai, Principal Secretary (Industries), on behalf of the Government, Mr Jayaprakash, Managing ... More

OUTLOOK


Bharti targets 35 pc cellular market share
BHARTI Tele-Ventures Ltd expects to boost its share in the domestic cellular market by over 35 per cent with the launch of five projects in the next month. The company expects to register a 50 per cent growth in revenues by March 2003. By ... More

PEOPLE


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  • Top Stories
    How the US subsidises its farmers


    Rabo bank to take off early next year -- To focus on growth sectors

    Vanishing cos get show-cause notices

    IDC expects strong growth in outsourcing

    GIC may transfer stake in 4 PSU insurers at par

    Wheat prices at 26-month high

    No changes in EPFO structure proposed -- Pension panel meet on June 24

    In Depth
    Gender Justice
    Simple Economics
    Guide to derivatives

    Looking back
    Jun. 9-Jun. 15
    Infosys fears long-term effect of border tensions

    Sharp Tools plans white goods foray; IPO in 2 years

    Talks with contributors of UTI on new co soon

    SAIL raises Rs 500 cr for funding VRS

    CESC falters on FRN interest

    SAB close to buying stake in Shaw Wallace


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