PREFERENTIAL ALLOTMENTS
Nagarjuna Const shareholders okay preferential offer
NAGARJUNA Construction Company Ltd (NCC) has informed the stock exchanges that the shareholders of the company at the extraordinary general meeting held here on Wednesday have approved issue of 10-lakh equity shares of Rs 10 each at a premium of ... More

OVERSEAS BORROWINGS
Indian Hotels to raise $ 150 m
INDIAN Hotels Company Ltd has informed BSE that at the EGM of the Company held on January 27, 2004, the members of the Company approved the raising of long-term funds by the company for an amount not exceeding $150 million as per the basis ... More

COURTS/LEGAL ISSUES
Martha Stewart trial a `shooting match'
A JURY pool of eight women and four men is set to decide the fate of Ms Martha Stewart in what is being billed as a sure "shooting match" between the lawyers representing the Government and the defence. The final jury came out of a pool of ... More

ACCOUNTANCY

FINANCIAL PERFORMANCE
Sterlite Ind Q3 net up 43.19 pc
STERLITE Industries (India) Ltd has reported a net profit of Rs 50.70 crore for the third quarter of the current fiscal, against Rs 35.47 crore recorded in the corresponding period of last fiscal, registering a 43.19 per cent jump. The company ... More

RESTRUCTURING
Pfizer to sell Ankleshwar plant
AS part of its strategy to rationalise its manufacturing facilities, Pfizer Ltd has entered into an agreement with Anodyne Remedies India Ltd to sell its plant in Ankleshwar, Gujarat for Rs 4.5 crore. This was, however, subject to approval from ... More

REGULATORY BODIES & RULINGS
Coimbatore RoC to go online in June
THE department of company affairs' (DCA) e-governance initiative will see Coimbatore emerging as the first centre among the country's registrar of companies (RoC) office networks to go online completely. `The RoC Coimbatore will start operating ... More

SOCIETY & DEVELOPMENT
Rashtriya Ispat to launch AIDS awareness drive
THE Visakhapatnam steel plant (Rashtriya Ispat Nigam Ltd) has drawn up a plan to organise health camps to make people aware of the perils of AIDS and the preventive measures during the current year, says a press release issued by the ... More

SICK UNITS

OUTLOOK
General Motors bullish on India
GENERAL Motors has identified India as one of its major growth regions during 2004 and targeted up to $800 million in revenues from the country apart from China and Thailand during the year. "The target is to improve profitability in India," ... More

UB Global hopes to make Rs 50-crore shoe exports
UB Global Corporation Ltd (UBGCL), the international business arm of the UB Group, has emerged as one of the largest exporters of fashion footwear from India. During 2003-04, it hopes to report Rs 50 crore turnover from shoe exports as against ... More

Boeing sees huge demand for new aircraft
THE US-based aircraft manufacturing major, Boeing Commercial Airplanes, said on Wednesday that it was seeing a huge demand for its soon-to-be-ready 7E7 aircraft from airlines in Asia. Speaking to newspersons, Dr Dinesh A. Keskar, Senior ... More

Tata Elxsi sees big jump in royalty income
TATA Elxsi, the product design arm of the Tata Group, said on Wednesday that an increase in turnkey product development projects and royalty revenues would drive its growth over the next few years. Mr Madhukar Dev, CEO, Tata Elxsi, said the ... More

INVESTOR PROTECTION
DCA taps merchant bankers to nab `vanished cos' promoters
THE Department of Company Affairs (DCA), which has legally proceeded against companies that vanished after collecting public money through initial public offering (IPO), is working through the merchant bankers who helped out these IPOs for ... More