Financial Daily
from THE HINDU group of publications

Wednesday, January 10, 2001








Page One

No blanket probe on film, media cos -- But stocks slip on Bharat Shah arrest
THE arrest of the leading diamond merchant and film financier, Mr Bharat Shah, on charges of alleged links with the underworld, need not imply investigations into film and media companies at large, Mr M.N. Singh, Police Commissioner, Mumbai, said here on Tuesday.

Builders' protest over cement prices -- Housing finance cos fear defaults
LEADING housing finance companies fear the price war between cement manufacturers and builders may lead to default by their customers.

Infosys Q3 net rises 125 pc
KEEPING in tune with the analysts' expectations and despite the warnings of a slowdown in IT spendings of US companies, software major, Infosys Technologies Ltd, has registered an increase of 125.41 per cent in net profit and 136.18 per cent in total inc ome for the third quarter ended December 31, 2000.

HLL absorbs IBL sales force
EMPLOYEES in the sales and distribution department of International Bestfoods Ltd (IBL) is being absorbed by Hindustan Lever Ltd (HLL) on their existing terms and conditions.

IPCL board to discuss sale of Vadodara unit to IOC
THE transfer of assets of the Vadodara complex, with the existing manpower on an ``assessed value basis'' to Indian Oil Corporation (IOC), is likely to feature as the top issue at the Indian Petrochemicals Corporation Ltd (IPCL) board which will meet in Mumbai on January 19.

Candico's `all mint no hole' on the block
LOOKS like, after all, there was a hole in the mint. The confectionery market is abuzz with talks that Minto, the mint-based brand from the Rs 90-crore confectionery player Candico, is up for grabs.

Maruti strike off
NORMALCY is expected to be restored at the manufacturing facilities of Maruti Udyog Ltd (MUL), with the striking workers of the company finally ending their agitation. The MUL workers, on strike at the Gurgaon plant for over three months, relented and si gned an agreement with the management on Monday night.

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