Financial Daily from THE HINDU group of publications
Tuesday, August 05, 2003
Markets (Aug. 4)
BL 2501374.96 (+25.68)
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RESEARCH & DEVELOPMENT


JB Chem to set up research unit in Pune
THE Mumbai-based pharma firm, JB Chemicals & Pharmaceuticals Ltd proposes to set up a research and development unit at Pune with an investment of Rs 40 crore. The unit, which is funded entirely through internal accruals, will be completed in ... More

ANNOUNCEMENTS


GSPC ties up Rs 300 cr for exploration
GUJARAT State Petroleum Corporation Ltd (GSPC) has tied up funds to the tune of Rs 300 crore for its oil and gas exploration activities. The funds have been provided by a consortium of banks led by State Bank of India, to meet the company's ... More

BHEL bags Hind Zinc order for 154-MW power plant
BHARAT Heavy Electricals Ltd (BHEL), the public sector power engineering major, has bagged a contract from Hindustan Zinc Ltd (HZL) for setting up a 154-MW captive power plant at its lead zinc smelter at Chittorgarh in Rajasthan. Outbidding ... More

Indal shuts down smelter unit
INDIAN Aluminium Industries Ltd (Indal) of the Aditya Birla group has shut down its smelter unit at nearby Eloor (Alupuram) in the absence of a positive response from the Kerala State Electricity Board (KSEB) on supply of power at concessional ... More

Tata Tea seeks nod for adjusting accounts
TATA Tea Ltd has informed the BSE that it is seeking shareholders' approval for adjustment of miscellaneous expenses to the extent not written off amounting to Rs 41 crore in the books of accounts and any accretion during 2003-04 against share ... More

  • Indo Rama hikes polyester yarn prices

    PREFERENTIAL ALLOTMENTS


    Transgene Bio okays preferential issue allotment
    TRANSGENE Biotek Ltd has informed the stock exchanges that its board at its meeting held last week has approved the allotment of 10 lakh equity shares of Rs 10 each at a price of Rs 60 per share along with 10 lakh fully convertible warrants of Rs ... More

    CORPORATE DISPUTES


    Heart centre divestment — Status quo likely till Nandas find common ground
    STATUS quo is likely to be maintained on the issue of divestment of equity in Escorts Heart Institute and Research Centre (EHIRC) till such time that the deadlock between the Nanda brothers is "amicably" resolved. With Mr Anil Nanda, ... More

    OVERSEAS BORROWINGS


    Tata Motors issues convertible notes
    TATA Motors has informed BSE that the company has issued one per cent convertible notes due in 2008 convertible into ordinary shares or global depository shares aggregating $100 million (including over-allotment of $10 million in the ... More

    COMPANY LAW


    Cos Bill bumpy with speed breakers, says CII economist
    HAS the Companies (Amendment) Bill, 2003 become a bone of contention between the Department of Company Affairs (DCA) and India Inc? That's what it seems like with the corporate sector being unanimous in its view that `some provisions of the ... More

    AWARDS & HONOURS


  • BEML bags export award

    COURTS/LEGAL ISSUES


    Calcutta HC allows ICI writ plea in Excise case
    MR Justice Amitava Lala of Calcutta High Court has allowed the writ petition of ICI India Ltd making the entire order absolute. The Collector-I, Central Excise, Calcutta II had issued a show-cause notice to ICI about use of certain items for ... More

    RESTRUCTURING


    Liberty Shoes begins recast
    AIMED at taking advantage of the consolidated resources of the group companies, Liberty Shoes Ltd (LSL), the Rs 72-crore footwear manufacturer, has initiated the process of restructuring of its operations. LSL has in its group other partnership ... More

    Lanco okays Kalahasthi Cast amalgamation
    THE board of directors of Lanco Industries Ltd (LIL), part of the Hyderabad-based Lanco group, at its meeting has approved a scheme of arrangement of amalgamation of Lanco Kalahasthi Castings Ltd (LKCL), another group company, with itself with ... More

    MERGERS & ACQUISITIONS


    Mallya set to buy out Chhabria's stake in Herbertsons
    THE UB group Chairman, Mr Vijay Mallya, confirmed an impending settlement with Mr Kishore Chhabria to buy out the latter's shareholding in Herbertsons Ltd. Mr Mallya is scheduled to meet Mr Chhabria in Mumbai on Tuesday in a bid to end the ... More

    SB&T promoters to hike stake through creeping acquisition
    THE promoters of SB&T International Ltd have decided to hike their stake by another five per cent in the secondary market by way of creeping acquisition route. Currently, the promoters' shareholding stood at 34.14 per cent. With this ... More

    NEW PROJECTS


    Tata Power plans 500-MW plant in Maharashtra
    TATA Power Company plans to set up a 500-MW green field power plant in Maharashtra, the company Chairman, Mr Ratan Tata, told shareholders on Monday. The company is studying sites in Chandrapur and Mahad districts, Mr Tata said at the annual ... More

    Samtel to make Rs 5.3-cr investment in 2 cos
    THE Delhi-based Samtel India Ltd has decided to make investments\loans in the equity capital of Samtel Electron Devices, GmbH and Akla Investments Pvt. Ltd, Mauritius to the extent of Euros one million, equivalent to about Rs 5.3 crore. This is ... More

    ALLIANCES & JOINT VENTURES


    DaimlerChrysler, CSIR join hands for fuel project — To develop bio-diesel from jatropha plants
    AUTOMOBILE giant DaimlerChrysler and the Council for Scientific and Industrial Research (CSIR) have joined hands for a project to develop bio-diesel from jatropha plants as an environment-friendly alternative fuel for automobiles. The five-year ... More

    INTERVIEW


    `Indo-Canadian trade will witness upswing in the near future'
    BILATERAL trade and collaborations between India and Canada will witness an upswing in the near future with a changed perception about business climate, increased visits by high-level delegations and heightened interest among Canada's small and ... More

    SICK UNITS


  • Restile to allot shares to new promoters

    OUTLOOK


    Honda firms up plans for small car
    IT could be a toss-up between Life and Jazz as Honda firms up plans to launch a small car in India. "We are seriously looking at the `B' segment. We have already commissioned a study in this respect," the Honda Siel Cars President and Chief ... More

    NEW PRODUCTS & SERVICES


    Wockhardt launches indigenous human recombinant insulin
    SWEET news for diabetics. Domestic Pharma major, Wockhardt today unveiled the first indigenously produced recombinant human insulin, which will be substantially cheaper than the imported products. The insulin — branded as Wosulin — ... More

    Hyundai unveils SUV Terracan at Rs 18.49 lakh
    HYUNDAI Motor India Ltd (HMIL) on Monday marked its foray into the sports utility vehicle (SUV) market segment with the launch of the `Terracan'. The vehicle, being imported as completely built units (CBUs) from Korea, comes equipped with a ... More


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    Looking back
    Jul. 27-Aug. 2
    UB Spirits offers to share profits with executives

    Suzuki takes joint venture route for 2/3 wheelers

    Pharma cos upbeat on BPO opportunities: Ranbaxy CEO

    HLL: Regaining health, but gradually

    Tata Chem sees growth in knowledge chemicals


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