The Hindu Business Line : Tuesday, October 14, 2003

GM rolls out automatic Optra
General Motors India is expected to launch the multi-utility vehicle Chevrolet Tavera next year in the price range of Rs 7-9 lakh. The company on Monday announced the launch of the automatic variant, called Optra AT, of its popular mid-size ... More

Natco Pharma board to mull conversion of equity warrants
THE board of Natco Pharma is scheduled to meet here on October 18 to consider conversion of 60-lakh equity warrants issued earlier in favour of its Chairman, Mr V.C. Nannapaneni, and Natsoft Information Systems. The said conversion at a price ... More

Lupin calls off Newbridge talks
THE promoters of Lupin Ltd, Dr Desh Bandhu Gupta and his associates, and Newbridge Capital Ltd have called off discussions relating to possible divestment of 12.5 per cent of the promoter stake in the pharmaceutical company. According to a ... More

Dr Reddy's board meet

Correction

PREFERENTIAL ALLOTMENTS

Aurobindo to raise Rs 229 cr through preferential offer
AUROBINDO Pharma Ltd (APL), the Hyderabad-based pharma major, has decided to go in for a preferential issue of 38-lakh equity shares/warrants for raising funds to the tune of Rs 229.52 crore . The company said its board has decided to offer ... More

CORPORATE DISPUTES

Lundbeck drops case against Matrix Labs over Citalopram
IN a major relief to Matrix Laboratories Ltd (MLL), the Hyderabad-based drug major that has been thriving on Citalopram sales to the European markets, Lundbeck, the inventor of Citalopram, has on Monday withdrawn the infringement case filed ... More

AWARDS & HONOURS

M&M unit receives Deming award
THE Farm Equipment Sector (FES) of Mahindra & Mahindra Ltd has received the Deming Application Prize for 2003. The prize is given to companies that have established total quality management (TQM) in their entire business operations. M&M's ... More

ECIL gets Govt award
HYDERABAD: The Electronics Corporation of India Limited (ECIL) has been given the Union Ministry of Information Technology award for excellence in the field of instrumentation and industrial electronics. ECIL's solutions in these sectors ... More

BEL bags award for excellence

INSIGHT

Corporate credit portfolio — Baking assets on the fire of securitisation
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SRFESI) was definitely a strong indication that the corridors in New Delhi were waking up to calls from Wall Street. It ... More

TRADE & LABOUR UNIONS

Indal unit revival plans still in a limbo
THE delay in taking a decision on granting permission to the Indian Aluminium Company (Indal) at nearby Eloor to draw power from the Power Trading Corporation (PTC) at low tariff rate has put the reopening of the smelter unit closed down some 75 ... More

SOCIETY & DEVELOPMENT

Corporates urged to get more involved in tackling AIDS
IT is necessary to bring the subject of AIDS out of the closet, before it becomes a global disaster, according to Mr Ratan Tata, Chairman, Tata Sons, and head of the Indian Business Trust on HIV/AIDS. His statement came even as the need for ... More

OUTLOOK

Tata Tea to focus on three `power brands'
WITH the objective of consolidating its portfolio in tough market conditions, Tata Tea Ltd has identified three `power brands' from its packaged, branded tea portfolio. The three brands the company proposes to focus on are — its flagship ... More

PERFORMANCE

Neelachal Ispat is second largest exporter of pig iron
EVEN as MMTC Ltd operates primarily as an export-import trading house, its joint venture with the Orissa Government - Neelachal Ispat Nigam Ltd (NINL) - has emerged as the second largest exporter of pig iron from the country. The company ... More

IPCL: Buoyed by prices, demand
INDIAN Petrochemicals Corporation's (IPCL) numbers for the July-September 2003 period are reflective of a quarter of good product prices and growing demand. Net profit and turnover net of inter-divisional transfers are up 20 per cent and 9 per ... More

TRENDS

Corporate treasury desk gets higher profile
It is hard to tote up the number of active corporate treasury desks but some indication can be had by the increasing membership of the Indian Association of Corporate Treasurers, which now stands at 49 more than double of 23 last year. More

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