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Sunday, December 07, 2003

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Lupin EGM okays hike in FIIs limit to 33 pc
LUPIN Ltd has informed the Bombay Stock Exchange that its EGM approved increasing the limit of investment by foreign institutional investors (FIIs) to 33 per cent of the paid-up share capital of the company. Its board has also approved `in ... More

GMR plans investments in ING Vysya Life
GMR Technologies & Industries Ltd has informed the stock exchanges that following the decision taken by its board recently to enhance its investments in ING Vysya Life Insurance, the company has convened an extraordinary general meeting of its ... More


Punjab Tractors climbing up — Poor response to open offer
THE increase in stock prices of Punjab Tractors Ltd over the last four months, given the company's poor financial condition, has stumped market watchers. So much so, that the open offer by the UK-based private equity investor CDC Capital Partners ... More


Norms relaxed for direct investment overseas by domestic cos
THE Reserve Bank of India (RBI) on Saturday announced fresh steps to simplify and liberalise overseas direct investment by Indian entities. Firms registered under the Indian Partnership Act, 1932 and having a good track record, will be ... More


They serve well too, the new-age verve called flexi-staff
PUSHPARAJ, who conducts surveys for an MNC in the manufacturing sector, hopes to make marketing his career. Though he is a graduate in microbiology, he feels his contract job, the third such since he finished college, is the stepping-stone to ... More


Reliance to pay $4 m more for FLAG Telecom
FLAG Telecom has said that it has entered into a second amendment to the agreement and plan of amalgamation with Reliance Gateway that would increase the consideration of $207 million to about $211 million in cash. This reflects a new price ... More

L&T's engineering business — Structuring a good deal
THE Larsen & Toubro (L&T) board of directors has to examine ways of tailoring the proposed acquisition of stake from Grasim to suit the interest of shareholders. Grasim holds a 15 per cent stake in L&T; once the ... More


Boss Profiles plans Rs 30-cr expansion
The company has so far recorded a sales turnover of around Rs 12 crore and expects to register Rs 20 crore this year and nearly Rs 40 crore next fiscal. More


US co to market carbonless paper thru Srinivas Fine Arts
MEADWESTVACO Corporation, a US-based manufacturer of speciality papers, will soon market carbonless paper through its sole distributor in India, Srinivas Fine Arts (P) Ltd. An agreement was signed on Saturday, which will enable Srinivas Fine ... More

Anchor teams up with UK co for modular switches
With the baseline, `Great switches from Great Britain', the company is expected to have a new agency handling its account in India. More


`Pre-qualification criterion is a major challenge'
`Pre-qualification criterion in India, unlike in the other countries, require us to have undertaken a job of similar size and nature.' More


LG to make China factory global hub for appliances
LG Electronics plans to make its factory in this port city, 137 km south-east of Beijing, its global hub for producing microwaves and air-conditioners. It plans to replace even its South Korean base to this low-cost manufacturing unit by ... More


NDDB surplus slides Rs 76 cr
THE National Dairy Development Board (NDDB) has reported a negative growth of Rs 76.15 crore in its surplus income during 2002-03 (April-March) at Rs 158.78 crore, down from Rs 234.93 crore in the previous year. This came even as its interest ... More


Coal India helm: Yet another ad hoc arrangement
WHILE the suspension order on the regular chairman of Coal India Ltd (CIL), Mr N.K. Sharma, has remained unaltered, the Union Ministry of Coal has made another ad hoc arrangement for the chairmanship with the incumbent Chairman, Mr Lakshmi Chand, ... More

Turner India MD also to act as senior V-P
THE Managing Director of Turner India, Mr Anshuman Misra, has been appointed the channel's distribution and content sales head for the South-East Asia region. According to a company release, Mr Misra will continue to serve as the Managing ... More

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Dalmia Consumer Care keen to expand reach of tobacco alternative

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Vanaspati: Good news for eastern region units

In Focus
Outsourcing backlash
Stamp paper scam
Housing finance scenario
Insurance Round-up — 2003
Organic farming
The Cable tangle
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Oil PSUs: Disinvestment dilemma
Rising intolerance
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Vaishnavaite Temples in Tamil Nadu
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Looking back
Nov. 30-Dec. 6
Indraprastha Gas IPO oversubscribed on first day

Cipla told to pay Rs 77 cr penalty for over-pricing

Govt nod for unlisted cos' sweat equity to be mandatory

Coal India mulls setting up power plants

Lupin prunes debt by Rs 300 cr

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