Financial Daily from THE HINDU group of publications
Thursday, June 05, 2003
Markets (June 4)
BL 2501190.54 (+16.31)
BSE Sensex3216.49 (+34.52)
S&P CNX Nifty1021.05 (+10.40)
Dollar (Buy/Sell)46.84/46.97
Gold Std (10 gm)5645 (-10)

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ANNOUNCEMENTS


No immediate plans to revive IOC Paradip project
INDIAN Oil Corporation Ltd (IOC) has no immediate plans to revive its ambitious Rs 12,400-crore Paradip refinery project in Orissa. In the light of the sharp increase in project cost and surplus demand supply situation for petroleum products in ... More

Indo Rama Textiles plans to list shares
INDO Rama Textiles Ltd (IRTL), the company into which the spun yarn business of Indo Rama Synthetics (I) Ltd (IRSL) has been de-merged from April 1, 2002, plans to list its equity shares in all stock exchanges in which IRSL's equity shares are ... More

  • Correction

    CORPORATE DISPUTES


    Standby charges to MSEB — Tata Power, BSES told to pay equal amount
    THE Mumbai High Court today settled a three-year-long dispute between Tata Power and BSES Ltd over payment of standby charges to the Maharashtra State Electricity Board. Both companies have been asked to share the charges equally, paying monthly ... More

    Tatas happy; BSES decision soon
    TATA Power Company officials said the High Court's order directing BSES to pay 50 per cent of the standby charges every month from July 2003 has "fully supported Tata Power's stand regarding standby charges." BSES officials said: "MERC's ... More

    OVERSEAS BORROWINGS


  • Tata Chem goes for $20-m ECB

    OUTSOURCING


    Ford to increase sourcing components from India
    FORD India Ltd expects the sourcing of components from India by its parent, Ford Motor Company, to grow by three or four times in the next two years. At present, the component exports to Ford Motor Company's global programme is valued at about ... More

    COMPANY LAW


    Chamber seeks to simplify laws for corporate sector
    THE Associated Chambers of Commerce and Industry of India (Assocham) has emphasised the need for continuous liberalisation, deregulation and simplification of the laws governing the corporate sector. The Chamber feels, the entire corporate ... More

    AWARDS & HONOURS


  • Lamina group cos bag awards

    MERGERS & ACQUISITIONS


    Promoters to buy Bhagyanagar stake in Surana
    THE promoters of the Surana Telecom Ltd (STL), the Hyderabad-based jelly-filled telecom cables manufacturer, have proposed to acquire 10 lakh shares of the company currently owned by the group company - Bhagyanagar Metals Ltd (BML) - at the ... More

  • Correction

    REGULATORY BODIES & RULINGS


    Independent directors to head audit panels?
    Critics of the existing structure have said that the Chairman or Chief Executive Officer (CEO) of a company is invariably the Chairman of such a committee and therefore, has an overarching influence on its functioning. More

    OUTLOOK


    Cola's Chotta seen to boost dealer fridges
    PERHAPS it is the `paanch' ad that is helping 200-ml Coke bottles fly off refrigerator shelves - and that makes Godrej Appliances happy. The company, which has supplied refrigerators and visicoolers - with the glass door - to ... More

    PERFORMANCE


    The black, red tally of 217 cos
    THE improvement in the industrial growth rate and commodity prices in 2002-03 has not led to a higher number of turnaround stories in India Inc. Even as companies with linkages to the industrial economy and commodity prices have witnessed a ... More

    Hyundai May sales rise 38 pc
    HYUNDAI Motor India sold 11,200 cars in May, a 38.6 per cent increase over the 8,078 cars sold in May 2002, according to a company release. The sales last month were aided by a strong export demand with the company exporting 2,300 ... More

  • Fiat sales up 63 pc

    PEOPLE


    Britannia asks Alagh to go; successor not named
    THE board of directors of Britannia Industries Ltd has decided to terminate the employment of its Managing Director, Mr Sunil K. Alagh, with immediate effect, the company notified the Bombay Stock Exchange. Earlier, Mr Alagh had informed the ... More

    Venu Srinivasan among Stars of Asia of Business Week
    MR Venu Srinivasan, Chairman and Managing Director of TVS Motor Company, has been featured as one of Business Week's Stars of Asia which features 25 top achievers in the continent. He is the only Indian entrepreneur who has been ... More


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    Rupee depreciation versus euro — European auto cos to absorb hike

    Strong Re to boost oil cos' earnings

    The black, red tally of 217 cos

    PSBs comfortable with medium-term lending

    Centre in a bind over UP cane payment issue

    Demand for gold up 4.2 pc in Q1

    BITS, Pilani opens campus in Dubai

    Are we ready for CAS?

    In Focus
    SARS scare
    The Cable tangle
    Pakistan Diary
    Indo-Pak Monitor
    Indo-China Relations
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    NPAs in Banking
    In Depth
    Simple Economics
    Consumer Notes
    Tax Talk
    The Brahmananda collection
    NRIs & Investment Avenues
    Corporate Governance
    Gold: Still the winner?
    Cars: Always a beauty
    Books and Reviews
    Looking back
    May. 25-May. 31
    ITC: Eyeing big FMCG pie, acquisitions

    IOC public issue unlikely in near future

    Suzuki to waive royalty for five Maruti models

    Tata Engg to prepay half its debt

    Rothschild bid to switch on Dabhol

    `Leadership key to market penetration'


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