The Hindu Business Line : Tuesday, May 13, 2003

Sun Pharma to focus on exports, R&D
EXPORTS and research and development initiatives will be the key growth drivers for the Baroda-based Sun Pharmaceuticals Industries Ltd. The company is expected to increase its expenditure on R&D substantially and will file about five to six ... More

SAIL R&D unit develops new steel props for coal mines
THE Ranchi-based Research & Development Centre for Iron & Steel (RDCIS) of Steel Authority of India Ltd, in collaboration with the Central Mine Planning Design Institute of Coal India Ltd has developed high-strength, lightweight steel props for ... More

ANNOUNCEMENTS

Raj TV defers launch of Telugu channel
RAJ TV has deferred the launch of its general entertainment Telugu channel, Vissa, by three weeks, its CEO, Mr Rajeev Nambiar, told Business Line. Along with Vissa, the channel's proposed 24-hour music and news channels are likely to ... More

TPL defers decision on accounts

Archies to exit perfume biz

OVERSEAS BORROWINGS

Sify ADR back in limelight
THE Sify ADR (American Depository Receipt) on the Nasdaq is again in the limelight. As on May 9, the stock's last sale was $7.70, volume 139,075 and market capitalisation over $1,000 million. Such a performance has now brought back interest ... More

AWARDS & HONOURS

Shantha Biotech bags tech award
SHANTHA Biotechnics Pvt Ltd (SBPL), the Hyderabad-based company into genetic engineering, has bagged the National Technology Award-2003 for the second time for `successful commercialisation of indigenous technology.' The award was handed over ... More

COURTS/LEGAL ISSUES

Trial court order on serial stayed
A DIVISION Bench of the Calcutta High Court comprising Mr Justice A. Ganguly and Mr Justice D.P. Sengupta on Monday stayed the operation of an order passed by the Trial Court on May 8 with regard to the telecasting of a serial `Miracle of ... More

CORPORATE BONDS

Essar Oil gets nod for new payment schedule
ESSAR Oil Ltd today said a majority of investors holding its 14 per cent secured redeemable non-convertible debentures have agreed to revised payment schedules and interest rates proposed by the company at a court-directed meeting. The Gujarat ... More

MERGERS & ACQUISITIONS

EID Parry's fertiliser arm to go to Coromandel
IN a two-pronged restructuring move, the board of directors of EID Parry Ltd today decided to demerge the farm inputs division of the company and merge it with the subsidiary company, Coromandel Fertilisers Ltd. Concurrently, the board also ... More

NEW PROJECTS

Honeywell keen on expansion
THE Chief Executive Officer, Honeywell, Mr David M Cote, has said that his company has a vision to expand their current $75 million business in India. "I firmly believe that Honeywell must take advantage of the benefits of doing business in ... More

Hical opens 4th 100 pc EoU

PERFORMANCE

Balrampur Chini Mills: Uncertainties sour picture
A SHARP slide in sugar prices and the rising input costs have soured Balrampur Chini Mills' performance for 2002-03. The company has managed a 3 per cent growth in its gross sales for the year. Since sugar prices in 2002-03 ruled around 15 per ... More

HDFC Standard crosses Rs 5,000 cr in cumulative insurance coverage
HDFC Standard Life Insurance Company has crossed Rs 5,000 crore in cumulative insurance coverage during 2002-03. The premium income from new business has more than trebled during last fiscal compared with the previous year. The company ... More

NEW PRODUCTS & SERVICES

Choice hotels to launch toll-free reservation nos
CHOICE Hospitality (India) Private Ltd, which operates 25 hotels around the country, plans to introduce a toll-free reservation number within the next two months. "Initially, the toll free number will be available only for the hotels in India. ... More

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