Financial Daily from THE HINDU group of publications
Tuesday, November 12, 2002
Markets (Nov. 11)
BL 2501030.27 (-3.87)
BSE Sensex2948.04 (-8.80)
S&P CNX Nifty954.05 (-2.90)
Dollar (Buy/Sell)48.21/48.34
Gold Std (10 gm)5280 (-10)

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CORPORATE

ANNOUNCEMENTS


Kala Jyothi to invest Rs 20 cr
KALA Jyothi Process Ltd, the city-based printing solutions provider, has embarked on an expansion-cum diversification process with an outlay of Rs 20 crore. This process involves expansion of its existing facility here and addition of new ... More

Apollo unveils new range of tyres
APOLLO Tyres Ltd (ATL), the Rs 1,700-crore tyre company, on Monday launched its new range of tyres across various segments. The new products are targeted at opening up newer customer segments for the company. The products have been rolled out ... More

Tata Robbins unit bags Birla Copper jetty crane deal
THE port & yard equipment division of Tata Robbins Fraser Ltd (TRF) has secured the order for supplying a large capacity slewing unloader crane for Birla Copper's jetty at Dahej (Gujarat) in the face of stiff international competition. Birla ... More

Orchid flagship product clears US FDA audit
ORCHID Chemicals & Pharmaceuticals Ltd has said that its flagship product, Cephalexin, which is manufactured in its Alathur bulk drug facility, has gone through the US FDA audit successfully. A formal communication from the US FDA certifying the ... More

New Resident Director for Indian Seamless
NEW DELHI: The Pune-based Rs 1,000-crore Indian Seamless group has appointed Mr Rakesh Duda as its Resident Director in New Delhi. Mr Duda would continue to work in his role as a strategic planner besides developing and implementing ... More

3,000 Telcon excavators delivered
HYDERABAD: Telcon, a Tata-Hitachi Joint Venture manufacturing earth moving and construction equipment has reached a milestone of delivering 3,000 mini excavators, a good number of them in Andhra Pradesh. The General Manager, sales and ... More

CORPORATE DISPUTES


HC bars Indya.com's online info services
THE Bombay High Court has restrained STAR Group's Indya.com from providing information-related services and yellow pages on the Internet following a petition from the Pune-based yellow pages publisher Indiacom Ltd, formerly known as Sesa ... More

High Court directs AP to alter vaccine tenders
INTERVENING in the `unhealthy' corporate war between the two Andhra Pradesh-based Hepatitis-B vaccine manufacturers, triggered by the tenders floated by the AP Government for the $25-million vaccination project being funded by the Bill & Melinda ... More

RESTRUCTURING


Bangurs to get major chunk of Cochin Malabar
COCHIN Malabar Estates Ltd, the country's second largest rubber producer, Cochin Malabar Estates Ltd, is being bifurcated between the two warring shareholders, Mr Jimmy Gazdar, the present promoter, and the Kolkata-based G.D. Bangur group, the ... More

MERGERS & ACQUISITIONS


MICO to buy Philips units
MOTOR Industries Co Ltd (MICO) today announced that it has decided to purchase the business communication products and closed circuit television (CCTV) products from Philips India Ltd, a subsidiary of Koninklijke Philips Electronics N.V., ... More

CORPORATE GOVERNANCE


`Auditors must be accountable to the company's board'
AUDITORS should be held accountable to a company's board of directors and not the management, said Mr N.R. Narayana Murthy, Chairman and Chief Mentor, Infosys, while stressing the need for independence of auditors in his address on corporate ... More

NEW PROJECTS


China aluminium major plans Rs 1,750-cr smelter
DESPITE the recent political fiasco over the Nalco disinvestment, foreign investors' interest in the country's aluminium industry remains unaffected. The latest to join the fray is the Chinese state-owned Aluminium Corporation of China ... More

ALLIANCES & JOINT VENTURES


  • Dua Consulting clarifies

    OUTLOOK


    J.L. Morison to bring in more healthcare products — OTC items also on cards
    PERSONAL care and healthcare products major J.L. Morison (India) Ltd has targeted a turnover of Rs 80 crore in the current fiscal, up from Rs 60 crore recorded in 2001-2002. In the next five years, the company hopes to surpass the Rs 200-crore ... More

    Pricol upbeat as auto industry gains speed
    THE pick-up in the automobile industry in the current fiscal has infused confidence in the dash board instruments major, Premier Instruments and Controls Ltd (Pricol). It expects a 15-20 per cent topline growth this fiscal. The company, which ... More

    PERFORMANCE


    Hero Honda's `Ambition' exceeds target
    HERO Honda Motors Ltd, India's largest two-wheeler maker, has said that it has sold 10,000 units of its latest bike, Ambition, surpassing internal projections. Hero Honda said in a statement here on Monday it had earlier set a sales target of ... More

    Tata Engg sales up 34.6% in Oct
    TATA Engineering today reported a 34.6 per cent rise in the total number of vehicles it sold in October 2002, to 18,837 units, as against 13,996 units in the previous corresponding period. According to an official statement, sales for the ... More


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