Financial Daily from THE HINDU group of publications
Tuesday, October 29, 2002
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Financial Daily from THE HINDU group of publications Tuesday, October 29, 2002 |
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CORPORATE ANNOUNCEMENTS Ranbaxy to market UK co cancer drug THE dynamic Rs 100-crore anti-cancer drugs segment is witnessing the entry of a new player in Ranbaxy Laboratories Ltd (RLL). RLL today announced an exclusive marketing right (EMR) with UK-based biopharmaceutical company K.S. Biomedix (KSB) Ltd ... More ENVIRONMENT Essar Power, Indal keen on carbon trading ESSAR Power Ltd, which is in the process of changing from naphtha to natural gas as feedstock for its power plant at Hazira, is working on trading in the carbon dioxide that it could save through emission reduction. According to senior Essar ... More CORPORATE BONDS Guj Ambuja NCDs on ratings watch FITCH Ratings India has put the Rs 450-crore non-convertible debentures of Gujarat Ambuja Cements Ltd (GACL) on ratings watch with evolving implications after the Securities Appellate Tribunal (SAT) asked SEBI to re-investigate purchase of 14.5 ... More MERGERS & ACQUISITIONS SEBI `overlooked' alliance issue in ACC deal THE Securities and Exchange Board of India (SEBI) had overlooked, among others, two obvious and crucial pieces of information while investigating whether Gujarat Ambuja Cements Ltd (GACL) had gained control of Associated Cement Companies Ltd ... More NEW PROJECTS Madras Cements to make spray plasters MADRAS Cements Ltd has set up a Rs 15-crore plant at Sriperumbudur, about 50 km from here, to manufacture a range of spray plasters to be used by the construction industry. The plant, with a capacity of 40 tonne per hour, is expected to begin ... More ALLIANCES & JOINT VENTURES IBP, IFTEX Petro in marketing pact FUEL retailer IBP Co and speciality chemicals maker IFTEX Petrochemicals Ltd have entered into a strategic marketing alliance to market fuel additives and car care products through IBP's retail outlet network. The marketing alliance will cover ... More
BONUS ANNOUNCEMENTS India Nippon bonus CHENNAI: The board of directors of India Nippon Electricals Ltd has announced a bonus issue of shares, in the ratio of seven shares for every ten held. The issue would capitalise Rs 3.32 crore of the free reserves. The record date for this ... More OUTLOOK Rising costs may see Polaris H2 bottomline drop POLARIS Software Lab on a stand-alone basis (without the subsidiaries and OrbiTech) may see its bottom line numbers drop for the second half of the year. The reasons for this include merger-related costs (with OrbiTech Solutions) and the ... More PERFORMANCE Low sugar prices take toll on Balrampur Chini SUGAR major Balrampur Chini Mills Ltd recorded a mixed result in the second quarter of 2002-03. While its turnover increased by 65 per cent, net profit suffered a setback and fell by 35 per cent compared to the corresponding quarter of ... More
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Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Oct. 20-Oct. 26 Toyota Kirloskar hopes to sell 1,000 Camrys in 1 year — Corolla to be launched next year `More FDI will help more exports of auto parts' — Mr Suresh Krishna, Chairman & MD, Sundram Fasteners Maruti's hour of reckoning Whither `greenwashing'? Grasim offer: Forum warns SEBI, FIs M&M rolls out petrol version of Scorpio SEBI to speed up enquiry into L&T insider trading Only listed cos may be allowed to offer IDRs |
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