Financial Daily from THE HINDU group of publications
Saturday, July 27, 2002
Markets (July 26)
BL 2501068.53 (-25.10)
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Dollar (Buy/Sell)48.64/48.77
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`e-farmers' is ITC credo
MARKING a departure from the practice of giving a picture of the core businesses of the company, with plans and prospects for the future, the ITC Chairman, Mr Y.C. Deveshwar today spoke to shareholders at the company's 91st AGM almost entirely on ... More

ITC's agri-business boosts net 15 pc in Q1
ITC Ltd's post-tax profit for the first quarter ended June 30, 2002, has grown 15.2 per cent to Rs 343.92 crore as against Rs 298.44 crore in the corresponding period of the previous financial year. The pre-tax profits increased by 15.6 per cent ... More

TRAI puts on hold VSNL bandwidth price hike plan
THE Telecom Regulatory Authority of India (TRAI) has put on hold Videsh Sanchar Nigam Ltd's (VSNL) proposal to hike international bandwidth prices for voice carriage by nearly 300 per cent. According to official sources, the company, which had ... More

J.J. Irani eyes IDBI directorship
THE somewhat lustreless image of the country's largest term-lending institution, Industrial Development Bank of India (IDBI), may get some sheen with one of the country's most accomplished chief executives and two former bankers likely to join ... More

Leyland rides Q1 on higher turnover
ASHOK Leyland has reported a net profit of Rs 9.74 crore for the first quarter of the current year, compared to a net loss of Rs 9.4 crore in the corresponding period of last year. Sales increased 11.4 per cent by value and 19.2 per cent by ... More

Virgin Airways not to pull out of India for now
THE threat of Virgin Atlantic Airways (VAA) pulling out of India has receded for the present. At the end of a day-long meeting with Air India officials at the airline's headquarters in Mumbai on Friday, VAA decided to keep its "notice to ... More

Singhanias to sell 14 pc in JK Ind to Mauritius co
J.K. INDUSTRIES, promoted by the Singhanias, has finalised plans to increase foreign equity in the company from the present level of 0.71 per cent to 14.16 per cent. According to the plan, the promoters' holding company, namely, ... More


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