Financial Daily from THE HINDU group of publications
Wednesday, May 01, 2002
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Baxter rules out VRS for Wockhardt unit staff -- To bring in Chinese personnel for training
MEDICAL products and services company Baxter India Pvt Ltd (BIPL) has ruled out any form of separation scheme for the additional employees brought into its fold, following Baxter's recent acquisition of the IV fluids business from Wockhardt Life ... More

Haldia Petro appoints Bhowmick acting CEO -- Joint venture with IOC being drafted
THE board of Haldia Petrochemicals Ltd, which met here on Tuesday appointed Mr Swapan Bhowmick, President-polymer, as the acting Chief Executive of the company to fill the void created by the resignation of the present MD, Mr Richard Saldanha, ... More


Banks, FIs may accept Sardas' offer for BSL
THE takeover threat, which is looming large over BSL Ltd, formerly known as Bhilwara Synthetics Ltd, is likely to take an interesting turn soon, as banks and financial institutions might opt for the open offer from the Kolkata-based raider, Mr ... More


Karvy portal on corporate laws
KARVY Consultants Ltd, the Hyderabad-based integrated financial services giant, has launched a portal aimed at empowering the corporate law practitioners to discharge their duties with speed and minimal paper work. Launching the portal More


Plea for uniform depreciation rates
The number of court cases pertaining to disputes with regard to depreciation claims are said to run into several thousands, and most of these, experts felt, emanated because of the non-uniform treatment by the two important statutes. More


CESC creditors form panel for debt recast
THE creditors of the RPG-controlled power utility, CESC Ltd, today formed a steering committee to hold negotiations to restructure some of the debts of the loss-ridden company. This followed a series of discussions in Mumbai between the ... More


SPIC mulls merger of pharma, biotech arms
SOUTHERN Petrochemical Industries Corporation Ltd (SPIC) is considering a proposal to merge its pharma and biotech divisions. For a couple of years now, the company has been wanting to get out of both businesses, but could not do so for a ... More

Why Renaissance found Revathi attractive
THE Delhi-based Renaissance group, which has offered to buy the majority stake in Revathi Equipment Ltd (REL) from its Swedish stakeholders, said its decision to acquire the engineering company was primarily driven by REL's stable business and ... More


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