The Hindu Business Line : Sunday, November 30, 2003

`MRPL becomes 3rd largest refinery'
THE Vice-President (Maintenance), Mangalore Refineries and Petrochemicals Ltd (MRPL), Mr B.C. Shukla, has said that MRPL has become the third largest refinery in the country. Addressing the delegates at the international workshop on `Recent ... More

Escorts AGM on Dec 19 for delisting shares
NEW DELHI: Escorts Ltd is planning to delist its shares from the four regional stock exchanges and seek approval for a change in authorised share capital of the company at its annual general meeting (AGM). The AGM is scheduled on ... More

Gujarat Ambuja allots shares
MUMBAI: Gujarat Ambuja has allotted 11,67,634 equity shares at Rs 222.34 per share, on conversion of rating enhanced equity linked securities (REELS) or foreign currency convertible bonds. The value of the allotted shares is $5.6 million ... More

Grasim director reappointed

OUTSOURCING

Morphy, Bajaj Electricals tie up for sourcing electric irons
MORPHY Richards, a leading domestic appliances brand in the UK, and part of the diversified $1.2-billion Glen Dimplex group, has drawn up plans to source some of the appliances made in India for the UK and South African markets, while ... More

COURTS/LEGAL ISSUES

Nagarjuna Fertilizers may have to pay back excess subsidy
NAGARJUNA Fertilizers and Chemicals Ltd (NFCL) may have to shell out Rs 233 crore on account of recovery of excess subsidy received in the earlier years. This follows the Supreme Court's refusal last week to entertain the company's petition ... More

FIXED DEPOSITS

Sundaram Industries: Wheeling along
THE fixed deposit programme of Sundaram Industries (SIL), a subsidiary of TVS and Sons, is open for renewal only. The interest rates are quite attractive. Given the company's fundamentals, the parentage and the strong ... More

MERGERS & ACQUISITIONS

Overseas acquisitions — Needed, information better and faster
THE Securities and Exchange Board of India must quickly tone up the disclosures made by Indian companies when they acquire businesses abroad. The acquisition of FLAG Telecom of the US by Reliance and that of Carl Dan ... More

ALLIANCES & JOINT VENTURES

ThyssenKrupp signs new tech tie-up with Alfred
THYSSENKRUPP Elastomertechnik GmbH (TKEL), one of the largest manufacturers of machinery for the global tyre industry, has signed a new additional contract on technical collaboration with Alfred Herbert (India) Ltd (AHI), to manufacture its ... More

Rodenstock in pact with GKB to make lens
RODENSTOCK, the German eye lens and spectacle frame manufacturer, has entered into an arrangement with GKB Rx Lens to have its lens manufactured here for the Indian market. The lens would be sold under the Rodenstock brand. Rodenstock had ... More

IPOS

Indraprastha Gas IPO oversubscribed on first day
INDRAPRASTHA Gas Ltd's (IGL) initial public offer of equity shares has been oversubscribed by nearly 138 per cent on the first day itself. The issue, which opened on Friday, will close on December 5. Mr Ankush Pitale of JM Morgan Stanley Pvt ... More

DIVERSIFICATION

Eveready setting up sales training institute
THE $200-million BM Khaitan group is likely to diversify into the sphere of education. As a first step, Eveready Industries India Ltd, the group flagship company, is setting up an institute for the training of frontline sales force. The ... More

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