The Hindu Business Line : Thursday, September 11, 2003

Cadila Pharma launches new cardiovascular drug
THE Cadila Pharmaceuticals Ltd (CPL) has fortified its cardiovascular basket of products with the nitric oxide donating beta-1 blocker, nebivilol, under the brand name, Nodon. With this product launch, CPL has become the first indigenous bulk ... More

It's of no account, this Duncans AGM
THE ninth AGM of Duncans Industries Ltd, the flagship company of former FICCI President, Mr G.P. Goenka, held on Wednesday was adjourned until further notice, as the company failed to prepare the balance sheet and the profit-and-loss account. ... More

BUYBACK

Promoters' holding up marginally in Bombay Dyeing
THE promoter's holding in Bombay Dyeing and Manufacturing Company Ltd has marginally risen from FY-03 close, following the recent completion of its share buy-back operation. According to a senior company official, the promoter's equity stake ... More

AWARDS & HONOURS

Award for Rasna chief
MR Piruz Khambatta, Chairman and Managing Director, Rasna Pvt Ltd, has been awarded the Dadabhai Naoroji Millennium Award in recognition of his achievements as a young entrepreneur. On receiving this award on Wednesday from Mr T.N. Chaturvedi, ... More

COURTS/LEGAL ISSUES

Dues recovery: HC admits appeal against Duncan
A DIVISION Bench of the Calcutta High Court comprising Mr Justice A.N. Roy and Mr Justice J. Banerjee on Wednesday admitted an appeal against Duncan Industries Ltd (Duncan) for hearing. The appeal was filed by the US-based Phosphate Chemicals ... More

RESTRUCTURING

Duncans Ind's debt revamp proposal to be submitted soon
THE reference paper for the proposed debt restructuring of Mr G.P. Goenka's ailing flagship company, Duncans Industries Ltd, will be submitted to the Corporate Debt Restructuring (CDR) cell by the end of this month. The CDR cell comprises ... More

MERGERS & ACQUISITIONS

M&M loses bid for Valtra unit
MAHINDRA & Mahindra Ltd (M&M), which had submitted a bid for acquiring the tractor business of Valtra Oy AB, Finland, and Valtra do Brasil Ltd, Brazil, from its owner Kone, has lost out in the race. M&M does not see it as a setback and says ... More

Maharashtra Scooters: Bid to stall stake sale to Bajaj
A GROUP of minority shareholders of Maharashtra Scooters Ltd (MSL), a 27:24 per cent joint venture between the Maharashtra Government and Bajaj group, has decided to initiate legal steps to stall the proposed move over sale of the Maharashtra ... More

NEW PROJECTS

Lakshmi Auto to pump in Rs 24 cr
LAKSHMI Auto Components proposes to invest Rs 24 crore in plant and machinery in the current year, "to cater to the increased volume and new products". This expansion project comes on top of another Rs 44 crore capex project, last year. Lakshmi ... More

DuPont sets up safety consultancy arm — Looks to Railways, aviation sectors for business
AFTER putting `science to work' for 200 years, DuPont is now putting its `knowledge and experience' to work. The company on Wednesday announced the setting up of its safety consultancy and training arm, DuPont Safety Resources (DSR) in India, ... More

INTERVIEW

`Our focus is people'
Excerpts from an interview with Mr Roger Moore, President-Asia Pacific, DuPont Safety Resources: Why have you chosen to start a consultancy and training arm in India? We believe there is large opportunity in India. Beyond saying ... More

IPOS

Vardhman Acrylics to come out with public issue
WITH boom in the stock market, especially in the textile sector stocks, Vardhman Acrylics Ltd is coming out with a public issue through offer for sale of 2,71,33,127 equity shares at Rs 10 per share by Mahavir Spinning Mills. The offer opens ... More

SICK UNITS

`FACT takeover plan may dilute Centre's stand on restructuring'
THE big talks about the take over of the ailing Fertilisers and Chemicals Travancore Ltd (FACT) by the cooperative sector might dilute the Centre's stand on the restructuring proposal submitted by the company. Expressing their concern, highly ... More

OUTLOOK

Lifting curbs on Indian exports — Tata Steel urges Govt to prevail upon China
TATA Steel has asked the Government to prevail upon China to lift restrictions on import of steel from India. The Tata Steel Managing Director, Mr B. Muthuraman, told newspersons on Wednesday that China should itself lift restrictions because ... More

Taj group hopes to cash in on Beijing Olympics
INDIAN Hotels Company Ltd (IHCL) is looking for management contracts of hotel properties in China to cash in on the 2008 Beijing Olympics and the economic boom of Shanghai. "The Beijing Tourist Bureau has over 50,000 hotel rooms in the city and ... More

I3CL to break even by year-end
"We are looking at global footprints... where there is right labour market, where we want to grow," the Chairman of the joint venture, Mr Jules Kortenhorst, said. More

TVS Motor hopes to export one lakh two-wheelers
TVS Motor Company expects to export one lakh two-wheelers in 2005-06, the company's Chairman and Managing Director, Mr Venu Srinivasan, said today. In the current year, the company is confident of exporting 20,000 vehicles, which is expected to ... More

PEOPLE

Essel Propack gets new MD
ESSEL Propack Ltd has informed the BSE that Mr Cyrus Bagwadia has tendered his resignation as Managing Director and from the Board of the company. Mr Ashok Kumar Goel, Executive Vice-Chairman will step in as Managing Director. According to ... More

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