The Hindu Business Line : Thursday, November 13, 2003

Linc Pen to manufacture Mitsubishi products
LINC Pen & Plastics Ltd, in collaboration with the $500-million (Rs 2,250 crore) Mitsubishi Pencil Co of Japan, plans to take up manufacture of international quality hi-tech pens from the stable of the Japanese writing instruments major. ... More

No plans to set up unit in US now: Elgi
THE Indian economy is expected to remain strong for some years unlike in 1997 when, after an early promise, the economy dived, according to Dr Jay Varadaraj, Managing Director, Elgi Equipments Ltd, Coimbatore. He said this time around the ... More

Novartis receives exclusive marketing rights for Glivec
NOVARTIS India Ltd (NIL) has become the first pharmaceutical company in India to be granted exclusive marketing rights for its oncology drug, Glivec, by the Controller General of Patents and Trademarks of India. "The granting of the first ... More

Residency Hotel to offer service apartments
THE Residency, a three-star hotel in T.Nagar, Chennai, plans to introduce service apartments, as part of its Rs 10-crore renovation plan. The hotel plans to convert some of its 112 rooms into a business centre and a fitness centre and three ... More

LG Pune factory to be made export hub
LG Electronics India Pvt Ltd (LGEIL), the wholly-owned subsidiary of LG Electronics, South Korea, is all set to place Pune on the global map with its products. Mr K.R. Kim, Managing Director, LGEIL, told presspersons that plans had already ... More

Handicrafts Export Corpn presents dividend cheque

Apollo Hospitals brings out CD on laparoscopic surgery

CORPORATE DISPUTES

Natco to challenge grant of exclusive rights to Novartis cancer drug
NATCO Pharma Ltd has decided to challenge the decision of the Controller-General of Patents and Trademarks of India granting exclusive marketing rights to Novartis India for its anti-cancer drug in the country. Novartis India is the first ... More

OVERSEAS BORROWINGS

Norms tightened for external borrowings — End-use conditions read tough
THE Government has imposed stricter conditions for corporates to mobilise funds through the external commercial borrowings route. In the latest revision to its ECB policy, the Finance Ministry has prescribed lower caps {relative to six-month ... More

Corporates yet to heed RBI advice on hedging exposures
REPEATED warnings from the Reserve Bank of India notwithstanding, corporates are still not hedging their foreign currency exposures, according to bankers. While the RBI alerted corporates about the inherent risk of sitting on huge unhedged ... More

BPL to raise $100 m from external borrowing for turnaround
The ECB is expected to revitalise the company's production and marketing initiatives which suffered serious setbacks over the last 18 months due to the mounting debts and working capital crunch. More

AWARDS & HONOURS

Natco bags award for cancer drug research
AFTER bagging the Department of Scientific and Industrial Research (DSIR) annual award for its research & development efforts, Natco Pharma Ltd (NPL), the city-based integrated pharmaceutical company, has now won the award in `Best technology ... More

Udyog Ratna Award

MANPOWER

RPG plans VRS for group cos; to expand retail biz
IN a bid to cut costs, the RPG group is considering reducing workforce across its group companies including power firm CESC and tyre company, Ceat. According to Mr Sanjiv Goenka, Vice-Chairman of RPG Enterprises, the company is planning to ... More

CESC VRS: `Early bird scheme evokes good response'
The smooth sailing of the CESC VRS would boost Bengal's image as an investor-friendly destination. More

HUMAN RESOURCES

`HRM needs a re-look'

MERGERS & ACQUISITIONS

3 FIIs pick 4.6% promoters' stake in Pantaloon Retail
EVEN as Pantaloon Retail is making a preferential issue to the promoters of the company at Rs 112 per share, the promoters have sold their 4.6 per cent stake in the open market for about Rs 275 per share last week. The shares have been picked ... More

OVL to remain flagship for investments abroad
ONGC Videsh Ltd (OVL), the overseas arm of Oil and Natural Gas Corporation (ONGC), will be the country's flagship company for acquisition of oil and gas fields abroad. OVL will continue to enjoy fast track project approval and special ... More

TRADE & LABOUR UNIONS

HNL staff hold picketing at Piravom Road Railway Station
KOCHI: Employees of the Hindustan Newsprint Ltd (HNL), Vellur, under the auspicious of HNL Samrakshana Samithy, organised a train picketing agitation at the Piravom Road Railway Station near here in protest against privatisation of ... More

ALLIANCES & JOINT VENTURES

Shalimar Paints in talks with 2 global majors — Plans strategic tie-ups in non-decorative coatings
SHALIMAR Paints Ltd (SPL) - said to be the oldest paints company in the country (Howrah factory set up in 1902) - is in dialogue with two top global paint companies for a strategic tie-up in non-decorative coatings. Briefing newspersons here ... More

SOCIETY & DEVELOPMENT

Aventis scheme for osteoporosis patients
AVENTIS Pharma Ltd has unveiled a comprehensive healthcare management programme for women diagnosed with osteoporosis. Called Wishbone, the programme, which seeks to offer rapid and sustained protection against fractures caused by osteoporosis, ... More

STANDARDS & BENCHMARKS

Tata Steel coal unit gets `Qimpro Benchmark'
TATA Steel's West Bokaro Collieries has been adjudged the Qimpro Benchmark 2003 in the National Category. Qimpro Consultants was established as the country's first dedicated total quality management consultant. West Bokaro Collieries is certified ... More

OUTLOOK

Tata Steel banks on carbon trading to fund expansion
TATA Iron and Steel Company is banking on carbon trading to generate funds for its various modernisation and expansion projects at its steel works in Jamshedpur, over the next few years. The company has lined up 12 projects involving an ... More

Metso to expand paper equipment biz in India
METSO Corporation of Finland, a global market leader in papermaking lines and minerals processing systems with a turnover of 4.7 billion euros, is targeting to expand its paper equipment business in India to 75 million euros during the next four ... More

Scoreboard
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line