The Hindu Business Line : Sunday, September 28, 2003

Satnam Overseas gets shareholders' nod for 10 pc dividend
AFTER a two-year gap in announcing dividends, basmati rice exporting company Satnam Overseas Ltd (SOL) said on Saturday that it had received shareholders' approval for a 10 per cent dividend for the fiscal ended March 31, 2003. The dividend ... More

BRPL pays record dividend
NEW DELHI: Bongaigaon Refinery and Petrochemicals Ltd (BRPL) on Saturday paid a dividend of more than Rs 40.17 crore to Indian Oil Corporation Ltd (IOCL) as its share towards IOCL's dividend for 2002-03. The dividend cheque was handed ... More

HAL declares dividend payment
BANGALORE: Hindustan Aeronautics Ltd has declared its highest dividend payment of Rs 77.99 crore and a dividend tax of Rs 9.99 crore — amounting to Rs 87.98 crore or 73 per cent of the paid-up share capital for 2002-03. For the previous ... More

Jindal Poly to raise authorised capital
THE shareholders of Rs 500-crore Jindal Polyester Ltd (JPL) have approved the delisting of the company's equity shares from the Delhi, Uttar Pradesh, Calcutta and Ahmedabad Stock exchanges. The approval has been granted at the company's annual ... More

Shalimar Paints to pay 20 pc
MUMBAI: The board of directors of Shalimar Paints Ltd at its meeting held on September 26, declared a dividend of 20 per cent i.e., Rs 2 per equity share of Rs 10 each. ... More

AWARDS & HONOURS

K.M. Phillip award for Singhania
NEW DELHI: The Vice-Chairman & Managing Director of JK Industries Ltd, Mr Raghupati Singhania, was felicitated on Saturday with the K.M. Phillip award for his contribution towards the advancement of technology, education, training, research and ... More

FIXED DEPOSITS

Jubilant Organosys — There's life in it
THE fixed deposit programme of Jubilant Organosys (JOL) — formerly Vam Organic Chemicals — is open for investment. Considering the company's strong fundamentals, an investment up to one year can be ... More

MERGERS & ACQUISITIONS

Cargill, Kanematsu in talks to buy stake in Karnataka co
CARGILL Exports, a US-based company, and Kanematsu Corporation of Japan are in talks to buy equity stake in Mineral Enterprises, a Karnataka-based mining company. The Mineral Enterprises Managing Director, Mr Basant Poddar, told presspersons on ... More

Reliance Salgaocar turns BSES arm
BSES Ltd on Saturday informed stock exchanges that it has acquired the entire share capital of Reliance Salgaocar Power Company Ltd for Rs 25.28 crore. BSES has acquired RSPCL's entire shareholding of 2.55 crore equity shares of Rs 10 each, ... More

NEW PROJECTS

Saw Pipes mulls expansion
MUMBAI: Saw Pipes Ltd has informed the BSE that the company is having some of its manufacturing facilities at Mundra in Gujarat. It is contemplating to expand its existing facilities/set up new plants, as it may consider appropriate ... More

ALLIANCES & JOINT VENTURES

Glenmark ties up with Apotex
MUMBAI: Glenmark Pharmaceuticals Ltd has tied up with Apotex, Canada for the supply of a new generation bulk drug in cardiac segment. The company has already started supplying developmental quantities to Apotex and expects to start ... More

INTERVIEW

`Removal of quotas will have a positive impact on machinery demand'
The past five years have been difficult for the textile machinery industry. Lack of orders and liquidity crisis eroded the net worth of quite a few companies. Veejay Lakshmi Engineering, a Coimbatore-based company with a turnover of just ... More

SOCIETY & DEVELOPMENT

Corporates urged to get involved in TB control plan
EVEN as India was given a pat on its back for the Revised National Tuberculosis (TB) Control Programme (RNTCP), India Inc came in for the stick for not doing enough to support the programme. "The Government has decided to bring the entire ... More

DIVERSIFICATION

Tehelka to hit stands as weekly
TEHELKA, the news portal, which became known for its sting operations in investigative journalism, will now be on the stands as a weekly. The Editor-in-Chief, Mr Tarun Tejpal, is on an eight-city tour to drum up subscriptions for what will be a ... More

OUTLOOK

IBP eyes 35% growth in lubricant sales — Contest to promote Red brand
IBP Co. Ltd is hopeful of registering a 35 per cent growth in lubricant sales in the current fiscal. In 2002-03, the company generated revenue of Rs 200 crore from lubricant sales, according to Mr B. Dutta, General Manager (Lubes) of IBP Co. ... More

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