Financial Daily from THE HINDU group of publications
Wednesday, October 02, 2002
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Financial Daily from THE HINDU group of publications Wednesday, October 02, 2002 |
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CORPORATE ANNOUNCEMENTS LPG, kerosene subsidy costs IOC Rs 350 cr per month INDIAN Oil Corporation (IOC) is losing around Rs 350 crore every month on sale of LPG and kerosene through the public distribution system due to non-revision of product prices in the wake of high global crude prices, according to the IOC Chairman ... More
Reliance cuts polymer prices
Tamilnadu Petro gets nod for captive unit
Pace CFS scouts for partners
CORPORATE DISPUTES VSNL takes row with BSNL to regulator VIDESH Sanchar Nigam Ltd (VSNL) has finally approached the Telecom Regulatory Authority of India (TRAI) to intervene in its interconnection spat with Bharat Sanchar Nigam Ltd (BSNL). According to highly-placed VSNL officials, the company has ... More COURTS/LEGAL ISSUES HC directive to RuiaCotex on Jessop offer MR Justice Kalyan Jyoti Sengupta of Calcutta High Court has directed the counsel of Ruia Cotex Ltd (RCL) to produce documents in support of the statement that the offer of RCL is valid till October 13. The staff association of Jessop & Co Ltd ... More ENVIRONMENT IICT process to help drugmakers IN an interesting laboratory-industry collaboration, the Indian Institute of Chemical Technology (IICT) has demonstrated an eco-friendly process that can break down the pollution causing methyl mercaptan, a by-product in the commercial production ... More CORPORATE BONDS 
IOC in talks with banks to monetise bondsINDIAN Oil Corporation (IOC) is closing on a deal to monetise oil bonds worth Rs 5,276 crore, according to the IOC Chairman and Managing Director, Mr M.S. Ramachandran. IOC hopes to realise Rs 5,000 crore from the bonds and this receipt would be ... More MERGERS & ACQUISITIONS IOC not keen on stake in Haldia ``We learn that they (HPL promoters) do not want to give management control to one company. They want a professional board to manage the company,'' according to the IOC Chairman and Managing Director, Mr M.S. Ramachandran. More CORPORATE GOVERNANCE Corporate governance, bond ratings — SEBI keen to ensure convergence THE Securities and Exchange Board of India (SEBI) would like to ensure that the rating assigned to a bond issue by a company converges with its corporate governance (CG) rating over the long term. In the short run, there could still be a ... More NEW PROJECTS Suzuki seeks FIPB nod to set up aluminium foundry SUZUKI Motor Corporation, the Japanese automobile major, is planning to set up an aluminium foundry in India. The company had filed an application with the Foreign Investment Promotion Board (FIPB) last Friday seeking permission to ... More REGULATORY BODIES & RULINGS DCA discusses rules for issuance of IDRs THE Department of Company Affairs (DCA) is considering a proposal on whether to permit issuance of the proposed Indian Depository Receipts (IDRs) only by companies which are listed overseas. According to the proposed rules for IDRs, the ... More TRADE & LABOUR UNIONS Nocil application sent to Labour Commissioner THE closure of the petrochemicals division of National Organic Chemical Industries Ltd has been delayed after the Mumbai High Court remanded the closure application to the labour commissioner on appeal from the company's union. Over 500-odd ... More INTERVIEW 
`Our philosophy is not to rely too much on debt'AMARA Raja Batteries Ltd prides itself on the strength of its under-geared balance sheet. Last year, the company turned in a record sales of Rs 188 crore; assets expanded by Rs 45-crore but with practically no debt, and only a marginal increase ... More SICK UNITS Dunlop Ambattur unit to resume THE decks have been cleared for the Dunlop factory at Ambattur, near here, to be reopened following an agreement signed between the management and the workers' union. The agreement between Dunlop India Ltd and the Dunlop Factory Employees Union ... More PERFORMANCE Honda Siel sales up 26 pc in April-Sept HONDA Siel Cars India Ltd today said sale of its City and Accord models rose 26.36 per cent during April-September this year to touch 6,318 units. Sales in September stood at 1,354 units, up 18 per cent, over the same month last year, the company ... More
TVS Motor sales up 44 pc in Apr-Sept
Bajaj Auto bike sales up 31 pc in September
Hero Honda sales up 30.22 pc in Apr-Sept. Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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