CORPORATE
RESEARCH & DEVELOPMENT
Veronica Labs engages SRL Ranbaxy to monitor AIDS drug
MUMBAI-BASED Veronica Laboratories has engaged SRL Ranbaxy Ltd, a special reference laboratory network, to carry out clinical investigations in HIV positive patients. Subsequently, these patients will be put on `Herbovera', Veronica's herbal ...
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ANNOUNCEMENTS
HLL reduces Clinic Plus prices
HINDUSTAN Lever Ltd (HLL) has announced a reduction in prices of Clinic Plus health shampoo. The company has withdrawn the one for one offer. The new prices are: Rs 30 for 100ml; Rs 55 for 200ml and Rs 90 for 300ml. Clinic Plus also has a ...
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Prostrate drug from Dr Reddy's
DR Reddy's Laboratories on Monday announced the launch of Dutas (generic name Dutasteride), a drug for the treatment of enlarged prostrate. The Hyderabad-based pharma major is the first company to launch the product in the Indian market, ...
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Grasim's VSF plant resumes operations
GRASIM Industries Ltd informed the Bombay Stock Exchange that in view of the sudden release of water from the Tungabhadra River, by the Bhadra Dam Authorities, its viscose staple fibre (VSF) plant at Harihar restarted operations from April 17, ...
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Hyundai hikes Accent GVS price
HYUNDAI Motor India on Monday announced a price hike of two per cent on the Accent GVS with immediate effect. The price hike, however, is confined to the GVS, which is the cheapest variant of the Accent. The revised price of the Accent GVS ...
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FINANCIAL PERFORMANCE
Merck net up
MUMBAI: Merck Ltd has posted a net profit of Rs 14.34 crore for the quarter ended March 31, 2004, as compared to Rs 7.41 crore in the quarter ended March 31, 2003. Total income has increased from Rs 78.39 crore in the same quarter last ...
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CORPORATE BONDS
Tata Motors' FCCB issue
REGULATORY BODIES & RULINGS
`Co law changes must address compliance cost'
INDIA Inc is in favour of a slim-and-trim company law. But it also wants any simplification of the existing law to address the issue of rising cost of regulatory compliance. The Department of Company Affairs (DCA) has already started work on ...
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DIVERSIFICATION
MAS Enterprises diversifyng
KOCHI: MAS Enterprises Ltd is diversifying its business activities in the fields of cardamom plantation, export, auction, and marketing and trading of agro-based food products like curry powder, tea and coffee powder. The company, with ...
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STANDARDS & BENCHMARKS
Maruti invests Rs 10 cr in centre for excellence
MARUTI Udyog has invested Rs 10 crore in setting up a `centre for excellence' in collaboration with its suppliers. The centre will provide consultancy and training support to Maruti's suppliers and sales network to enable them to achieve ...
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OUTLOOK
Kalindee keen on joint venture with DMRC for metro projects
DELHI-based Kalindee Rail Nirman Ltd, which is executing a Rs 50-crore underground railway track-laying contract for the Delhi metro rail project, is exploring the possibility of forming a joint venture with the Delhi Metro Rail Corporation ...
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Wipro Consumer Care to focus on topline growth
WIPRO Consumer Care and Lighting expects to maintain its operating margins in the range of 14 per cent to 15 per cent, according to the company's President, Mr Vineet Agarwal. "Our main aim now is to grow top line," he said. Santoor, ...
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PERFORMANCE
Salem Steel posts operating profit
RIDING on the crest of surging demand for steel products, Steel Authority of India Ltd's Salem Steel Plant (SSP) has showed up an operating profit for the first time in the 2003-04 fiscal, which is good enough for the plant to make over its ...
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TRENDS
Indian CEOs thinking global, says study
THE Chief Executive Officers (CEOs) of Indian companies see opportunities from a resurgence in consumer demand, especially in the rural markets, accompanied by attractive financing options. According to a study titled `Your Turn: The Global CEO ...
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