The Hindu Business Line : Sunday, December 14, 2003

Titan Energy's special packs for defence
TITAN Energy Systems Ltd, engaged in the manufacture of solar photovoltaic modules, has developed special man packs for use in the defence sector. The devices are currently undergoing trials in Nepal and the Philippines apart from India and ... More

ANNOUNCEMENTS

Idea slashes roaming rates by 50 pc in South
IDEA Cellular Ltd, the private cellular operator with over two million customers in the country, on Saturday announced its move to slash regional roaming charges for its post-paid customers in the southern region. Now, Idea customers will ... More

Marico Ind EGM on Jan 2

Hyundai Motor: Correction

PREFERENTIAL ALLOTMENTS

Avon members okay pref issue

COURTS/LEGAL ISSUES

Sandvik Asia scheme — HC frowns on minority capital reduction
THE Bombay High Court has virtually closed Section 100 of the Companies Act to firms that wish to eliminate minority equity holding, under its provisions merely to make them closely held. In his written order dismissing the petition of Sandvik ... More

TAXATION

FIEO wants 100 pc tax exemption on export profits
THE Federation of Indian Export Organisations (FIEO) has made a case for restoration of benefits under Section 80HHC of the Income-Tax Act, 1961. This Section allowed exporters to avail themselves of 100 per cent tax exemption on their export ... More

MERGERS & ACQUISITIONS

Ranbaxy buys Aventis' generics unit in France
PHARMACEUTICAL major Ranbaxy Laboratories Ltd on Saturday announced that it has inked an agreement to buy RPG (Aventis) SA, along with its fully owned subsidiary OPIH SARL, in France. The transaction is expected to be completed in the first ... More

WS Industries to buy US plant
TWO more names will be added to the list of Indian companies that have acquired production units abroad - WS Industries and El Forge. Both, incidentally, are Chennai-based companies. WS Industries has done a Sundram Fasteners — a sale ... More

Mahindra subsidiaries' merger

REGULATORY BODIES & RULINGS

Inter-unit transfer of imported raw materials allowed
COMPANIES with multiple units may have cause for cheer. The Director General of Foreign Trade (DGFT) has formally issued instructions to allow transfer of raw materials imported/procured against advance licence from one unit to another unit of ... More

ALLIANCES & JOINT VENTURES

SAIL mulls jt venture with BHP group for coal mining
STEEL Authority of India Ltd (SAIL) is contemplating the setting up of a joint venture company with the Australian mining major, the BHP group, for undertaking coal mining in Australia. Though company officials are extremely tight-lipped about ... More

Coromandel Fert ties up with Fosker

INTERVIEW

`Focus now is on strengthening our presence in decorative segment'
Dealers and contractors play an important role in the purchase decision for paints, as they are the major influencers. Over the past few years, we have concentrated on increasing our network in terms of depth and width. More

OUTLOOK

Titan to ramp up production capacity — No plans to enter luxury segment at present
TITAN Industries Ltd (TIL), which recorded a near 20 per cent top line growth in the first half of this year compared to the corresponding period last year, is confident of maintaining the momentum throughout the current fiscal. The company, ... More

Hindustan Latex aims at Rs 1,000-cr turnover
THE central public sector Hindustan Latex Ltd, major manufacturer of family planning and other healthcare products in the country, has chalked out a "rapid growth" programme aimed at reaching a turnover of Rs 1,000 crore by 2010. The core ... More

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