CORPORATE
ANNOUNCEMENTS
Bio-Rad Labs launches new diagnostic kit for diabetes
BIO-RAD Laboratories (India) Pvt Ltd has launched D10, the next generation system for diabetes monitoring and thalassaemia screening in the country. D-10 has been especially designed for low and middle-sized laboratories and offers superior ...
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PSL bags pipeline deal in Bangladesh
MUMBAI: PSL Ltd has informed BSE that the company has recently been awarded with an order for supply of API grade X60 pipes for a gas transmission pipeline to be laid in Bangladesh. The value of this contract is around $3.20 million ...
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Aurobindo Pharma allots warrants to promoters
FOLLOWING the consent of shareholders at the extraordinary general meeting in November last, the board of directors of Aurobindo Pharma Ltd (APL), the city-based pharmaceutical major, at the meeting held on Wednesday, has allotted convertible ...
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OVERSEAS BORROWINGS
Indian Hotels mops up $150 m via foreign currency bonds
SENIOR officials of the Indian Hotels Company Ltd (IHCL) on Wednesday reported successfully raising $150 million through a foreign currency convertible bonds (FCCB) issue, at rates argued to be a recent best in Asia. The corpus created will ...
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Reliance raises $250 m from overseas loans
RELIANCE Industries Ltd has raised $250 million (approximately Rs 1,131.25 crore) through an international syndicated loan in order to pay off its high cost debt, as part of its programme to optimise its cost of capital. The tenor of the loan ...
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Ashok Leyland to raise $100 m via bonds/GDRs
ASHOK Leyland, the country's second largest commercial vehicle maker, is planning to raise $100 million through the sale of bonds or shares. "The decision on whether to go for foreign currency convertible bond (FCCB) or global depository ...
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HUMAN RESOURCES
Lagaan and Bawarchi — recipes for India Inc
AAMIR Khan's Lagaan, in addition to being an entertainer, is considered a lesson in leadership. Many top management institutes have even adopted its storyline as a case study. But Bollywood's role in shaping India Inc's skills, it ...
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RESTRUCTURING
Amendments moved at L&T EGM defeated
THE five amendments moved by minority shareholders to the resolutions at the EGM of Larsen & Toubro were defeated by a majority late last night. The results of the ballot on two major resolutions — pertaining to the demerger of L&T's ..
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NEW PROJECTS
Century Plyboards plans laminates unit
CENTURY Plyboards (I) Ltdis in the process of setting up a paper-based high pressure decorative laminates manufacturing unit at an estimated cost of Rs 26 crore. The proposed unit with an installed capacity of two lakh tonnes of laminate sheet ...
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REGULATORY BODIES & RULINGS
Orchid drug cleared for export to Europe
ORCHID Chemicals & Pharmaceuticals announced that the European drug authority, EDQM, had approved its drug, cefazolin sodium, for export there. Drug authorities in Europe and US need to inspect and clear manufacturing facilities in India ...
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ALLIANCES & JOINT VENTURES
Sangeet Cinema in pact with Singapore cos for Cineplex
SOMNA Entertainment, a Hyderabad-based promoter of Sangeet Cinema, has struck a joint venture with Royal Brothers and CPG Corporation, both from Singapore, to develop a Cineplex that is modelled on the Orchids multiplex. Mr Raj Kumar ...
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INTERVIEW
`Entry into regulated markets will be our focus'
BUOYED by the success in roping in a major foreign equity fund, Newbridge Capital, recently for pumping in funds of over Rs 600 crore and also bagging a major global order from the Clinton Foundation for the supply of anti-retroviral (anti-HIV) ...
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PERFORMANCE
Honda cars Jan sales up 90% at 2,781 units
HONDA Siel Cars India Ltd, maker of City and Accord luxury cars, today said its sales in January rose 90 per cent to 2,781 units as compared to 1,460 cars sold a year ago. While the City model sold 2,380 units in January, sales of Accord stood ...
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Tata Motors Jan sales up 32 pc
TATA Motors Ltd on Wednesday reported a 32 per cent rise in total sales for January 2004, including exports, to 31,840 units. In commercial vehicles, the company sold 14,494 units in the domestic market for the just ended month, 36.9 per cent ...
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Hyundai Jan sales at 17,035 units, up 66 pc
HYUNDAI Motor India today said tat its sales increased by 66 per cent in January 2004 driven by higher demand for its small car, Santro Xing, and the mid-size model, Accent. The company sold 17,035 units during the month compared to 10,235 in ...
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