CORPORATE
ANNOUNCEMENTS
Ajanta Pharma's Tadalisa to take on Viagra
AJANTA Pharma Ltd has launched Tadalisā, a drug for erectile dysfunction in men. Tadalisa is a chemical equivalent of tadalafil and the original patent holder for this drug is Eli Lilly, which also hopes to market the drug in the country under ...
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Leasing out spare capacity — Hind Motors in talks for contract production
AUTOMOBILE manufacturer Hindustan Motors has said that it is in talks with five foreign companies, including BMW and Volkswagen, to lease out spare capacity at its Chennai plant, where the Mitsubishi Lancer is being made. "We have spare ...
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Kinetic to bring in just 100 more Aquilas
RETAINING exclusivity seems to be what the Pune-based Kinetic Engineering Ltd likes to do with its new offering — the Kinetic Aquila. With about 200 orders for the vehicle, the company is planning to bring in only one more batch of 100 ...
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ACCOUNTING STANDARDS
The bold face of the new preface to Accounting Standards
ALONG with a change of guard in the Institute of Chartered Accountants of India (ICAI), there is a sea change of face. The pronouncements that emanate from the accounting body are getting repackaged and the ICAI is redefining its own standard ...
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OVERSEAS BORROWINGS
Corporates go slow on ECB plans — Ratings upgrade on cards; domestic tap also attractive
CORPORATES have put on hold their plans to raise foreign currency funds through the external commercial borrowings (ECB) route. The Ministry of Finance last month had raised the ECB ceilings to $500 million (around Rs 2,261 crore) from $50 ...
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OUTSOURCING
Reuters shifts jobs from US, UK to Bangalore
GLOBAL information company, Reuters, will shift 150 jobs from its US and UK operations and hire 450 more in Bangalore to carry out its data management work. The Reuters Global Head of Data Operations, Mr Justin Abel, told newspersons on ...
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COMPANY LAW
Sleek version of Cos Act on cards
A SLIMMER version of the company law is on the cards, which is expected to be more in tune with current times. The Department of Company Affairs (DCA) is working on a concept paper that may lead to a trim and slender version of the Companies Act. ...
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AUDITING
Plea to develop profession of internal auditors
THE Institute of Internal Auditors, the US-based body with a presence in over 100 countries, is urging India to play a greater role in the development of the profession of internal audit. Internal audit has in recent times emerged as a major ...
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RESTRUCTURING
Samsung recasts Asian region management
BRACING itself for further strengthening its position in the Asian region, Samsung Electronics has announced a shift in management structure in the region. Under a new regional structure, India, which was previously under Samsung South-East ...
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MERGERS & ACQUISITIONS
Vedior of Netherlands to pick up 76 per cent stake in Ma Foi
VEDIOR of the Netherlands, a leading staffing services company, will pick up a 76 per cent stake in the Chennai-based Ma Foi Management Consultants Ltd. The Foreign Investment Promotion Board is believed to have approved Vedior's ...
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CLB approves Compact Power, HBL Nife merger
HBL Nife Power Systems Ltd has informed the stock exchanges that the scheme of amalgamation of Compact Power Sources Pvt Ltd with the company has obtained the approval of the Company Law Board, Chennai. Earlier during August last year, the ...
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NEW PROJECTS
Dabur Foods to set up Rs 20-cr multi-fruit processing plant
DABUR Foods Ltd, a 100 per cent subsidiary of Dabur India Ltd, has drawn up plans to establish a multi-fruit processing plant to support the growing domestic and export markets for packaged food. The Executive Director of Dabur India and ...
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Pokarna begins trial production
HYDERABAD: Pokarna Ltd, engaged in the production of granite slabs and garments, has started trial production in its apparels division. The manufacturing capacity of the plant, established here at a cost of Rs 20 crore, is 1,500 shirts ...
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REGULATORY BODIES & RULINGS
DCA talks soon to harmonise share valuations
THE Department of Company Affairs (DCA) will soon initiate discussions with regulators such as the Reserve Bank of India and the Securities and Exchange Board of India (SEBI) to "harmonise" the various share valuation approaches prescribed by the ...
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Ispat Industries under DCA lens
THE Department of Company Affairs (DCA) has initiated a probe against steel major Ispat Industries Ltd. Confirming this the Secretary, DCA, Mr M.M.K. Sardana, told reporters here on Thursday on the sidelines of FICCI conference on corporate ...
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ALLIANCES & JOINT VENTURES
Arvind, Pantaloon announce tie-up
ARVIND Brands and Pantaloon Retail Ltd on Thursday announced a tie-up under which Arvind's jeanswear brand, Ruf `n Tuf, would be available at Pantaloon's Big Bazaar outlets across the country. Announcing the tie-up at the Images Fashion Forum ...
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BONUS ANNOUNCEMENTS
Wockhardt prescribes 1:2 bonus, higher dividend
WITH a net profit growth of 300 per cent in the fourth quarter alone, Wockhardt Ltd on Thursday said that calendar year 2003 ended with a 36-per cent growth in net profit at Rs 143 crore. Having missed the Rs 1,000-crore mark, the company ended ...
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OUTLOOK
Toyota research chief sees future in hybrids
DESPITE increasing implementation of environment-friendly technologies, the internal combustion engine is certainly not on its way out. This was pointed out by Mr Hiroyuki Watanabe, Senior Managing Director and member of the board of Toyota ...
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PERFORMANCE
Exports cramp Indica domestic supplies
TATA Motors has been unable to supply Indica petrol passenger cars to buyers over the last two months, dealers said. Since most of the petrol vehicles manufactured at the company's Pune plant was being shipped to MG Rover, UK, there are hardly ...
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PEOPLE
H.W. Bhatnagar to head BHEL
MR Harsh Wardhan Bhatnagar, Director (IS&P), Bharat Heavy Electricals Ltd (BHEL), has been named to take charge as Chairman and Managing Director of the public sector engineering and power major, in addition to his current responsibilities. A ...
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