Financial Daily from THE HINDU group of publications
Wednesday, April 09, 2003
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Financial Daily from THE HINDU group of publications Wednesday, April 09, 2003 |
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CORPORATE ANNOUNCEMENTS Sterling Biotech bags Rs 22.5-cr orders from US STERLING Biotech has bagged two export orders worth Rs 22.5 crore from US-based healthcare companies to supply gelatin. One order is a Rs 12.5-crore export order from the GNC group, a speciality retailer of vitamin, mineral, herbal supplements. ... More
Essar Oil plans 20,000 t diesel imports for local market
VSNL to tap its other strengths ACCOUNTING STANDARDS Accounting norms panel to meet on April 16 THE 12-member National Advisory Committee on Accounting Standards (NACAS) is to meet here on April 16 to discuss the issues concerning the last five accounting standards of the Institute of Chartered Accountants of India (ICAI). Already, NACAS ... More CORPORATE DISPUTES Amul claims Mother Dairy trademark — `13-day gap' puts NDDB in a spin THE Rs 2,747-crore Gujarat Co-operative Milk Marketing Federation (GCMMF), the owner of the Amul brand, has sought to rewrite the script for the National Dairy Development Board (NDDB) by making clear that it has the first lien on the Mother ... More OVERSEAS BORROWINGS Cos pre-paid $595 m ECBs in Apr-Dec 2002 CORPORATES have pre-paid external commercial borrowings (ECBs) amounting to $595 million during the April-December 2002 period, according to a study conducted by the Reserve Bank of India (RBI). The total pre-payment of ECBs from 2000-01 to ... More INSIGHT MNCs: Not above flouting rules As many as 18 blue-chip MNCs have allegedly violated the foreign exchange regulations and paid salaries and perks abroad to their employees working in India without obtaining RBI approval. More COURTS/LEGAL ISSUES Sale of Coimbatore Pioneer Mills machinery — Sundaram Finance gets HC approval THE Madras High Court has permitted the sale by Sundaram Finance Ltd, Chennai, of machinery of Coimbatore Pioneer Mills Ltd by suspending the operation of the order dated February 21, 2003 of the single judge, who had made absolute the interim ... More INFORMATION TECHNOLOGY Synergy is the key IT must offer data and information processing capacity. And the workers of a company must put in their creative and innovative capacity. This synergy will keep the wheel moving. More MERGERS & ACQUISITIONS HLL acquires Amalgam's cooked shrimp business IN a yet another measure to move down the value added chain, Hindustan Lever Ltd (HLL) on Tuesday announced that it has acquired the cooked shrimp and pasteurised crabmeat business of Kerala-based Amalgam group of companies on a going concern ... More NEW PROJECTS Samtel plans foray into colour display tubes AFTER a year of corporate consolidation and restructuring, the colour picture tube (CPT) manufacturer, Samtel Colour Ltd, part of Rs 1,200-crore the Samtel Group, is all set to expand its product portfolio. Close on the heels of launching ... More OVERSEAS INVESTMENTS Credit limit for overseas ventures hiked BANKS can now extend credit and non-credit facilities to Indian joint ventures and wholly-owned subsidiaries abroad for up to 10 per cent of their (banks) unimpaired capital funds (Tier I and Tier II capital). Earlier, banks were allowed to ... More INTERVIEW 
`ONGC has lost Rs 150-200 cr on LPG price regulation'LAST week, ONGC declared a 67 per cent rise in net profit which crossed the Rs 10,000-crore mark for 2002-03 on the back of deregulation and high global crude prices during the year. During the 2001-02 fiscal, it was remunerated $16 per barrel ... More DIVERSIFICATION Yamaha Motor sets up IT arm for software design MOTORCYCLE maker Yamaha Motor India has floated an infotech company to carry out software development and design for its own company and for other clients. Sources in Yamaha Motor India, formerly known as Yamaha Motor Escorts Ltd, said the ... More OUTLOOK 
Tencel hopes to ride on `performance'TENCEL Ltd, a member of the UK-based Accordis Group, hopes to ride on the current trend of increasing demand among apparel buyers for performance-oriented products. "There is clear indication that performance products — wrinkle-free and ... More PERFORMANCE BHEL industrial systems group PBT at Rs 58 cr BHEL's industrial systems group has posted a profit before tax of Rs 58 crore for the financial year 2002-03 on a turnover of Rs 540 crore. BHEL's industrial systems group based in Bangalore comprises the electronics and electroporcelains ... More
Tata Engg 2002-03 sales up 20%
Bajaj Tempo sales up 30% PEOPLE Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus Run-up to Budget Kelkar Report Bottled water: How safe is it? Telecom Competition Oil PSUs: Disinvestment dilemma Housing Fin. rate war: Bonanza for consumers! NPAs in Banking In Depth Simple Economics Consumer Notes Tax Talk The Brahmananda collections NRIs & Investment Avenues Corporate Governance Gold: Still the winner? Cars: Always a beauty Books and Reviews Looking back Mar. 30-Apr. 5 Philanthropy with a difference `Ethics are important' for top brass HSL: In the dock How foods failed to add muscle to HLL Honda Motor to import two-wheeler built units — Changes royalty payment norms |
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