CORPORATE
ANNOUNCEMENTS
Lupin gets DCGI nod for skin drug clinical trials
LUPIN Ltd said on Thursday that it has received clearance from the Drug Controller-General of India (DCGI) to commence phase I clinical trial for its investigational new drug (IND) candidate, LLL-3348 (Desoris), indicated for the treatment of a ...
More
Vishal Exports to tap capital market
MUMBAI: Vishal Exports Overseas Ltd is entering the capital market to raise Rs 27 crore through a public issue. The offer, which constitutes 25 per cent of the paid-up capital of Vishal, will comprise 60 lakh equity shares of Rs 5 each ...
More
Devaki Hospital to hold '03 AGM
DEVAKI Hospital has decided to hold the annual general meeting for the fiscal 2003 next month after an interim ruling from Madras High Court permitted its management to call the meeting. Doctors from the hospital's renal unit hold about 33.5 ...
More
CORPORATE DISPUTES
Alleged misleading advertisement — MRTPC rejects Nirma's plea against HLL
THE Monopolies and Restrictive Trade Practices Commission (MRTPC) has rejected the applications filed by Nirma Ltd against Hindustan Lever Ltd (HLL), alleging the latter of disparaging its product. The commission was considering an application ...
More
OVERSEAS BORROWINGS
SEBI working on norms for IDR issues: Bajpai
GUIDELINES for overseas corporates to raise funds through the Indian capital markets will be issued shortly. The Securities and Exchange Board of India (SEBI) is working on the operational aspects of the issue of Indian Depository Receipts (IDRs) ...
More
COURTS/LEGAL ISSUES
Pepsi gets HC stay, but cannot draw ground water
A DIVISION Bench of the Kerala High Court today stayed the Pudussery Grama Panchayat's order cancelling the licence of the Pepsico India Holdings Private Ltd for running its factory in Kanjikode in Palakkad, subject to the condition that the ...
More
MERGERS & ACQUISITIONS
Sanmar group stake up in Chemplast Sanmar
THE Sanmar group, promoter of Chemplast Sanmar, on Thursday informed the NSE that it had acquired 1.05 crore shares of Chemplast on April 20. Following the acquisition, the promoter group holds 76.88 per cent of the company's total paid-up ...
More
REGULATORY BODIES & RULINGS
National Company Law Tribunal — DCA may move apex court on HC order
THE Department of Company Affairs (DCA) is considering filing an appeal before the apex court against the recent Madras High Court order declaring the setting up of the National Company Law Tribunal (NCLT) and the National Company Law Appellate ...
More
ALLIANCES & JOINT VENTURES
Hero Motors ties up with Bombardier-Rotax for engines
HERO Motors has announced a licensing agreement with Austria-based Bombardier-Rotax that will provide 125cc-175cc engines for the upcoming `Hero Aprilia' range of scooters. The entire project would entail an initial investment of Rs 200 crore, ...
More
PERFORMANCE
Hotel Corporation posts lower operating loss
AIR India's subsidiary, Hotel Corporation of India (HCI), has registered an operating loss of Rs 7.97 crore for the 2003-04 fiscal, which is much lower than the operating loss of Rs 22.45 crore recorded during 2002-03. For the current fiscal, ...
More
Scoreboard
SE Diary
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds