Financial Daily from THE HINDU group of publications
Thursday, April 10, 2003
Markets (April 9)
BL 2501062.60 (-11.25)
BSE Sensex3141.25 (-33.61)
S&P CNX Nifty1004.85 (-13.25)
Dollar (Buy/Sell)47.44/47.57
Gold Std (10 gm)5130 (+50)

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ANNOUNCEMENTS


SMS Pharma to foray into healthcare products
SMS Pharmaceuticals Ltd, the city-based Rs 100-crore company manufacturing life saving bulk drugs, has announced its foray into the life enhancing healthcare products. Addressing newspersons here on Wednesday, the SMS Pharma Managing Director, ... More

  • Kennametal keen on acquisitions
  • Century Tex securities premium a/c

    ACCOUNTING STANDARDS


    Naresh Chandra panel recommendation — ICAI not for `certificate of independence'
    According to the circular, the simplified excise procedure, presently allowed for the exempted category of units, has been extended to the exporters of readymade garments who primarily export almost all their production but are now required to pay du ty on rejects/wastes generated during the export production. More

    OUTSOURCING


    Birla Tyres keen to outsource from Tyre Corporation
    BIRLA Tyres of the B.K. Birla group has evinced interest in outsourcing crossply truck tyres on a conversion basis from the state-owned Tyre Corporation of India Ltd (TCIL), which falls under the administrative control of the Union Ministry of ... More

    TAXATION


  • Assocham for relook at dividend tax hike

    CORPORATE BONDS


    Great Eastern to raise Rs 95 cr
    MUMBAI: Great Eastern Shipping Co is raising Rs 95 crore through a non-convertible debenture issue. The company's shipping and offshore divisions have contributed 73 per cent and 21 per cent to its total revenues respectively in ... More

    FIXED DEPOSITS


    Norms for corporate assets, shares — DCA expert group outlines model code for valuers
    According to the committee, the valuation norms should also be applicable to all unlisted public companies accepting public deposits with a minimum net worth of Rs 25 crore or minimum turnover of Rs 150 crore. More

    MERGERS & ACQUISITIONS


    Bajoria, `others' declare 4.9% stake in Bombay Dyeing
    THE Kolkata-based jute baron, Mr Arun Kumar Bajoria, is back in the news. He and his associates on Wednesday disclosed their acquisition of 4.9 per cent stake in Bombay Dyeing and Manufacturing Company to the stock exchanges. A Bajoria entity ... More

    NEW PROJECTS


    Rashtriya Ispat to boost coke output
    THE Rashtriya Ispat Nigam Ltd (RINL) here is adding one more coke oven battery to increase coke production and thereby enhance capacity, said Mr B.K. Singh, the acting Chairman and Managing Director. Reviewing the performance of the steel plant ... More

    EVENTS


    Amby finds its way to Smithsonian
    IT'S yet another feather in the cap of the grand old dame of the Indian automobile industry— Ambassador. It has achieved the unique distinction of being the first Asian car whose photographs are on display — by invititation, no less ... More

    STANDARDS & BENCHMARKS


  • Cachar Paper gets ISO 14001

    OUTLOOK


    Honda hopes to double scooter sales — Launches new model `Eterno' aimed at middle class
    HONDA Motorcycles and Scooters India Ltd (HMSI), the wholly-owned subsidiary of Japan's Honda Motor Company, hopes to double the sales of its scooters to over 3.50 lakh units in the current fiscal, riding on the success of existing models and a ... More

    Order book keeps BHEL busy
    THE country continues to face a severe shortage of power. The `independent power producers' are still groping in the dark. This may be an unhappy situation for most people in the country. But for the public sector BHEL, it is exactly what the ... More

    Tata Engg plans fully-built buses
    TATA Engineering and Locomotive Company Ltd (Telco) plans to launch a range of fully-built buses in the first half of this financial year. The buses will be from the 12-15-seat category, going through the standard to the semi-luxury to the ... More

    PERFORMANCE


    Central Coalfields turns around
    CENTRAL Coalfields Ltd (CCL), a subsidiary of Coal India Ltd (CIL), has created a record by earning a net profit of Rs 270 crore on a despatch of about 36.5 million tonnes (mt) of raw coal during the fiscal ended March 2003. The company produced ... More

    PEOPLE


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    CAS likely to hurt content providers

    ESPN-Star to `animate' cricket fans

    RBI's Currency and Finance Report: The unfinished agenda of reforms

    JWT study casts new light on consumer attitudes

    N. India cotton growers facing double whammy — Old hybrids seen uneconomical; no Bt cotton this year too

    Why banks are averse to lending rate cut

    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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