The Hindu Business Line : Friday, May 07, 2004

Poll forecast lifts Sensex by 71 points
FINANCIAL markets seem to be moving in tandem with the exit poll forecasts. Notwithstanding the fall of 213 points after the second phase of Lok Sabha elections, the Sensex today gained 71 points as exit polls, after the third phase, indicated a ... More

PHARMA COMPANIES ON ACQUISITION SPREE
Dr Reddy's buys US skincare co Trigenesis
DR REDDY'S Laboratories on Thursday announced the acquisition of Trigenesis Therapeutics Inc, the US-based, privately-owned skincare company. The total investment outlay is $11 million. The acquisition assumes significance for the company, as ... More

Wockhardt acquires German firm Esparma
WOCKHARDT Ltd has acquired a German pharma company called Esparma Gmbh for $11 million (Rs 49 crore). The acquisition does not include the company's manufacturing facility but covers the businesses, sales and marketing organisation and the name ... More

TCS public offer by June-end?
THE much-awaited initial public offer of Tata Consultancy Services is expected to hit the markets towards the end of June. Corporate finance personnel of the company and the book running lead managers are readying the red herring draft prospectus ... More

SC seeks ad revenue details from Ten Sports
THE Supreme Court today asked the Dubai-based Ten Sports to give details of the advertising revenue it garnered during the Indo-Pak cricket series. A Bench comprising Mr Justice N. Santosh Hegde, Mr Justice S.B. Sinha and Mr Justice S.H. ... More

FM radio cos fail to pay licence fees
NONE of the private FM radio companies have paid up the annual licence fee even as the deadline expired today. Sources in the Government confirmed that nobody had paid up, but some of the companies, which had approached various courts in Delhi ... More

Centre moves SC on company law tribunal
THE Supreme Court on Thursday admitted an appeal filed by the Centre challenging a Madras High Court order on the formation of a National Company Law Tribunal (NCLT). The Centre has approached the apex court against the High Court order issuing ... More

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