The Hindu Business Line : Thursday, August 28, 2003

ECIL bags Rs 150-cr order for EVMs
ELECTRONICS Corporation of India Ltd (ECIL), Hyderabad has bagged a nearly Rs 150 crore order from the Election Commission of India to supply 1.45 lakh electronic voting machines (EVMs). The public sector electronics major, which has pioneered ... More

Glenmark files first drug master file
GLENMARK Pharmaceuticals has filed its first drug master file (DMF) on Amiodarone. The company expects an USFDA inspection at its Ankleshwar facility, acquired from GlaxosmithKline last year, in the last quarter of 2003-2004. This marks ... More

Bayer India plans non-crop science arm
BAYER India Ltd has informed the BSE that the Board of Directors of the company, at their meeting held on Wednesday, have decided to form and incorporate a 100 per cent wholly-owned subsidiary. The company also plans to transfer the non-crop ... More

Jupiter Biotech shareholders' meet on September 30

COURTS/LEGAL ISSUES

GCPL files writ on counterfeit hair dye manufacturers
GODREJ Consumer Products Ltd (GCPL) said it has registered a case under the Copyright Act against the manufacturer of counterfeit Godrej powder hair dye in Ghaziabad. ``It was found that counterfeit products of Godrej Hair Dye were available ... More

CORPORATE BONDS

Rallis plans to raise Rs 188 cr through securities issue
RALLIS India Ltd, which reported a net loss of Rs 77.27 crore for 2002-2003, plans to raise additional long-term resources not exceeding Rs 188 crore through issue of securities. Included as a resolution for its upcoming AGM of September 18, ... More

MERGERS & ACQUISITIONS

Dabur to divest entire stake in jt venture Dabon
FMCG major, Dabur India, plans to divest its entire stake in Dabon International Pvt Ltd, its 50:50 joint venture with the French dairy major, Bongrain SA. While confirming this to Business Line, Mr P.D. Narang, Corporate Director, ... More

Pentamedia pegs Intelevision buy stock swap at 1:1.8
PENTAMEDIA Graphics has decided to acquire Intelevision, which it had de-merged a couple of years back, through a stock swap in the ratio of 1:1.8. The acquisition, which was approved during the company's AGM last week, would entail a share swap ... More

NEW PROJECTS

Rain Calcining to cash in on smelter expansions
AIMED at cashing in on several brownfield aluminium smelter expansions taking place across Africa, West Asia, Europe and India in the next couple of years, Rain Calcining Ltd (RCL), the Rs 333.22-crore producer of calcined petroleum coke and ... More

EVENTS

`Listing on Singapore SE to benefit Indian cos'
INDIAN companies should seek listing on Singapore Stock Exchange, suggests Mr Satpal Khattar, Chairman of Network India, an organisation that assists Indian and Singapore companies to work together. "From our side, Singapore is very keen to ... More

SICK UNITS

PEL converts mushroom EOU into EPCG enterprise
PREMIER Explosives Ltd (PEL) has converted its mushrooms division, a 100 per cent export-oriented unit (EOU), into an Export Promotion Capital Goods (EPCG) enterprise to sell larger volumes in the domestic market and turn around its operations. ... More

Fresh hopes on FACT revival in co-op sector — IFFCO chief visits factory
THE chances for revival of the Fertilisers and Chemicals Travancore Ltd (FACT) in the cooperative sector have brightened in the wake of the positive response from the IFFCO Managing Director, Mr Uday Shankar Awasthy, during a visit to the company ... More

OUTLOOK

Tide Water Oil gears up for tough times — Steep rise in raw materials prices
TIDE Water Oil Co (India) Ltd, a member of the Andrew Yule Group (now a Government of India enterprise), is gearing up to come out of the difficulties posed by the steep increase in base oil prices (key input for petroleum-based lubricants) ... More

Volvo launches 2 new trucks — Expects 15% growth in revenues
VOLVO India which launched two new trucks on Wednesday as part of a global overhaul of its product line, said it expects 15 per cent increase in revenues to around Rs 320 crore during 2003. Volvo has also targeted an export of components worth ... More

A makeover for The Grand Ashok
IN the 1970s, it was quite a landmark in the city. The Grand Ashok, then known as Hotel Ashok, was one of the first five-star hotels in south India and like one employee puts it, "held the beacon for Bangalore for a long time." In the 1980s, a ... More

Apeejay Fin targets Rs 200-cr disbursements
APEEJAY Finance Group Ltd, which is exclusively engaged in car financing business, has set itself a disbursement target of Rs 200 crore in the current fiscal. In 2002-03, the company disbursed Rs 123 crore on a pan-India basis. The company ... More

PERFORMANCE

Sharp rise in DSP exports
DURGAPUR Steel Plant (DSP) belonging to Steel Authority of India Ltd (SAIL) has substantially increased its exports during the first four months of the current financial year. According to a press release issued by DSP, the plant exported more ... More

TRENDS

`Vivaha' fair gets fair corporate involvement
WITH the wedding season round the corner, related businesses are getting their act together now. Publishing company Vivaha recently organised a three-day exposition concentrating on the significance of corporate involvement in the business of ... More

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