Financial Daily from THE HINDU group of publications
Monday, December 16, 2002
Markets (Dec. 16)
BL 2501116.60 (-6.20)
BSE Sensex3328.39 (-14.58)
S&P CNX Nifty1078.45 (-7.75)
Dollar (Buy/Sell)48.10/48.23
Gold Std (10 gm)5435 (-15)

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ANNOUNCEMENTS


Asian Paints to focus on emerging global markets
ASIAN Paints has announced that the company will focus on the emerging markets for growth and that Berger International will be the main growth driver for its international operations. The company is transforming itself to become a major world ... More

ACCOUNTING STANDARDS


FAPCCI seeks amendments to Companies Act
ACKNOWLEDGING the fact that the recent corporate failures across the globe eroded the confidence of retail investor on the accounting standards, the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) sought more amendments to ... More

OPEN OFFERS


Final cash offer at Rs 40 to Madura Coats shareholders
DSP Merrill Lynch Ltd has informed the Bombay Stock Exchange that J&P Coats Ltd (JPC), Scotland, with Coats Plc, had made an open offer (letter of offer dated September 17) to acquire up to 2,16,69,392 fully paid-up equity shares of Rs 10 each - ... More

AWARDS & HONOURS


  • Award for NGRI
  • Indal, HLL best energy savers
  • R&D award for NeST group co

    AUDITING


    Body planned to clear cases against auditors
    THE Government is contemplating setting up an appellate authority to enable speedy disposal of cases against auditors facing disciplinary action for professional misconduct. At present action against chartered accountants, under the existing ... More

    TAXATION


    Corporate tax parity to follow move on dividend
    THE Finance Ministry will consider aligning the corporate tax rate for foreign companies with that of domestic companies if it decides to abolish dividend distribution tax. ``A final view on bringing the tax rate of foreign companies at par ... More

    MERGERS & ACQUISITIONS


    Apollo still keen on Nocil division
    TRUCK and bus tyre major Apollo Tyres Ltd (ATL) is still interested in acquiring the rubber chemicals division of National Organic Chemicals Ind Ltd (Nocil), the Chairman and Managing Director of ATL, Mr Onkar Kanwar, has said. "The earlier MoU ... More

    ALLIANCES & JOINT VENTURES


    Pvt coal-bed methane explorer seeks to bring in third partner
    GREAT Eastern Energy Corporation Ltd (GEECL), a joint venture between the Y.K. Modi group and the US-based bankrupt energy multinational, Covanta Energy, has decided to induct US-based investment company, CBM Investments Ltd, as the third partner ... More

    INTERVIEW


    `Total decontrol is the only solution — Mr K.S. Raju, Vice-Chairman and Managing Director, NFCL
    IN India, the Government is the chief determinant of the fertiliser industry's fortunes. It now proposes to implement a new pricing policy with retrospective effect from 1997 whichproposes to change the basic premise of the existing one. This, ... More

    SICK UNITS


    Lenders seek to shut BIFR door against defaulters
    BANKS and financial institutions (FIs) are opening up a new front in their offensive against defaulters. Lenders are now busy joining hands to drill a hole in Board for Industrial and Financial Reconstruction (BIFR) umbrella that for long was ... More

    OUTLOOK


    Siemens AG to make India a hub for medical tools
    According to Mr Wulfen, India and China will be the two main markets that Siemens AG is looking to focus on. It also plans to introduce one or two products from the medical division every year. More

    Yamaha India plans capacity expansion
    Anticipating greater demand for its newly launched models, the 125 cc Enticer and the 106 cc Libero, Yamaha India will increase the capacity of both the models to 10,000 units per month each from January 2003 onwards. More

    Essilor thrust on plastic lens
    HAVING firmed up its manufacturing base to service the Indian market, which along with China will be the company's focus in the Asian region, the French spectacles lens major, Essilor SRF Optics Ltd, has stepped up its marketing endeavours to ... More

    PEOPLE


    Ambani stamp release on Dec 28
    THE Government is issuing a stamp bearing the portrait of Dhirubhai Ambani, founder of the Reliance group of industries. He passed away in July this year. The stamp would be formally released on December 28, the late industrialist's 70th ... More
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    Top Stories
    `Core infrastructure must improve' — Mr S. K. Mohapatra, Chairman, Paradip Port Trust


    Lenders seek to shut BIFR door against defaulters

    Jt venture issue blown out of proportion: NDDB chief

    Ascon survey shows rise in industrial output

    Divestment panel draws roadmap for TCIL — `Merge Semiconductor Complex with a PSU'

    In Focus
    Inside China

    Gujarat Elections
    Small Investor
    In Depth
    Gender Justice
    Simple Economics
    India Interior
    Consumer Notes
    Looking back
    Dec. 8-Dec. 14
    Encore to scale up Simputer output

    `We will put Railways on savings track' — Mr V. Gujral, Vice-Chairman & CEO, Jindal Steel

    I am ready to quit, says Mardia Chem chief

    Cost auditors gear for shield against law suits


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