THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Tuesday, October 31, 2000

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Index

Agriculture
Time ripe for vegoil duty hike
Grains handling major eyes India

Automobiles
Outsourcing auto components for MNCs -- Rough road ahead for Maini group

Banking and Finance
Vaidya bullish on IMD inflows

Stanchart sees scope in retail
SBI succession: Residual tenure the key factor
South Indian Bank to deploy new software
`Call rates may hold steady at 8-8.5 pc'
Second thoughts on expanding the field?
Securities close firmer, call rates softer
UFBU calls nationwide strike on Nov 15

Cement
Cement assn may sign supply pact with CIL

Commodities
Bullion market hit by poor festival demand

Corporate
Bharti Televentures offers ESOP
Sushil Suri to head Morepen Labs
The Pioneer to raise Rs 25 cr to fund multimedia venture
SEBI's code of corporate governance -- Missing the woods for trees
Nestle table water from Italian Alps
Petrofils to be wound up
250 MUL workers rejoin duty
Non-supply of films to theatres `restricted trade practice'

Courts
HC ruling on regularising HMT casual labourers upheld

Economy
Pangs of transition -- Coping with Chinese competition
To boost exports to third countries -- India, Japan urged to explore the SEZ route
US economy: Fingers crossed for a soft landing
Food policy in a total mess

Editorial
Hard up

Fast track
Cipla: Formulations firm

Financial Performance
Suven Pharma turnover, net up
Lakshmi Mills Q2 net zooms
BEL net up in Q2 on higher sales
Shanthi Gears net up
Indo Gulf net up 20%, sales down
CESC cuts loss by Rs 6 cr, turnover up

Hindalco Q2 net up 8.7%
India Cements net down 28%
IVRCL net falls in Q2
Wockhardt 9-month net jumps to Rs 52 cr
Rhone Poulenc Q2 net up 34 pc
Cheminor Drugs net up
Computech Intl Q2 net up
Sundaram Brake net dips
Sundaram Clayton net down 71 pc

SBI posts 71 pc rise in Q2 net
Reliance Petro Q2 net at Rs 402 cr
Steep fall in L&T net
BPL net slips to Rs 22.26 cr in first half
TNPL net rises 159 pc in Q2
BASF Ltd
ITC Bhadrachalam
Chemplast Sanmar net down 82 pc in Q2
EIH Ltd
Exide Ind H1 net up 6 pc at Rs 21 cr
Gulf Oil net dips
Hoechst Marion
Jindal Strips Q2 net up at Rs 20.48 cr
Jindal Vijayanagar Steel
Proctor & Gamble
Marginal dip in Glaxo Q3 net
Indo Rama Synthetics posts Rs.11.12 cr profit in H1
Dr Reddy's Q2 turnover at Rs 164.6 cr, net up
Tata Chemicals
SSI Q2 net up at Rs 27.5 cr
Karur Vysya net up 34 pc
PNB net rises to Rs 290.18 cr in H1

Food & Dairy Products
Call to tap bio-tech potential in fishing

Foreign Trade

UK Minister for joint ventures in software

Forex
Re recovers to end at 46.65/67
Sinha allays fears on Re
Fedai screens turning `hot'

Impact
Ranbaxy Labs: A sharp jolt
Astra-IDL: Marginal impact
Silverline: Acquisition-led growth

Information Technology
B2B portal for S. Indian tea auction
Unanimous GoM nod for DTH broadcast -- I&B Ministry to draft Cabinet note
`Indian IT cos should go for high-end products'
Calsoft launches B2B product suite

IT.Com to focus on common man
Portal for bearings goes live
Online processing of visas
Nasscom protests tax `hurdles'
Nortel earmarks $350 m for hi-speed Internet

Insurance
GIC arms may opt for coordination set-up

Mutual Funds
ICSI President in SEBI MF panel

Plantations
Pepper prices down Rs 1,800 per quintal
Dull trading in cardamom

Policy
T.R. Prasad is new Cabinet Secy
Meet skips petro price hike issue

Politics
Fuelling waste
A major setback

Power
NHPC proposes surcharge to fund addl capacity
Karnataka warned against creation of LNG-based power capacity

Shipping
Mormugao port to buy four barge unloaders

States
Farmers'woes: AP for Central intervention
Karnataka's eco-impact study proposal cleared
Kerala withdraws talks with TTP protesters
NRI firm bags beach resort project in AP
Nabard aid for 2 development projects

Stocks
Jittery traders resort to heavy selling
Sensex closes with moderate fall

Technical Analysis
Uptrend reversed

Textiles
April-August textile exports up $513 m
SIMA launching portal on Nov 6

Transport
STUs Q1 revenue up 15 pc
Kvaerner bags Delhi Metro deal
Toyota vehicles riding on rails to cut cost
Cabinet okays ordinance for dedicated road fund
Land owned by Railways

Travel & Places
Gregarious Brits offer home away from home


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