CORPORATE DISPUTES
Birla Corp gets CLB nod to conduct AGM today
BIRLA Corporation Ltd has been given the nod to hold its annual general meeting on Wednesday, by the Company Law Board's Principal Bench, comprising Mr S. Balasubramanian. Rejecting an appeal of the company's minority shareholders to adjourn the ... More

Lodha allowed to file Priyamvada will through another affidavit in 10 days
MR Justice K.J. Sengupta of the Calcutta High Court today permitted Mr R.S. Lodha to file the registered will of late Priyamvada Birla through a supplementary affidavit within 10 days; in failure, the liberty shall stand cancelled. The court ... More

OVERSEAS BORROWINGS
Sterling Biotech concludes FCCB issue
PHARMACEUTICAL-gelatine maker Sterling Biotech Limited has concluded the issue of $ 70 million foreign currency convertible bonds (FCCB). The bonds will be listed on Luxembourg Stock Exchange, subject to regulatory approvals, the company said in ... More

COURTS/LEGAL ISSUES
Zee not to re-bid for cricket rights
ZEE Telefilms Ltd (ZTL) has decided not to re-bid for the rights to broadcast cricket matches played in India. "The board of directors in its meeting on September firmly decided against re-bidding," ZTL said in a press release issued here on ... More

CORPORATE BONDS
Ispat to settle euro bond conversion deal by Oct
ISPAT Industries Ltd is expecting to strike a settlement on its $125-million convertible euro bond by October this year. The bond was issued in 1994 for commissioning the steel plant in Dolvy and was due for conversion in April 2001. The ... More

FIXED DEPOSITS
Corporates favour easier norms on public deposits
DESPITE attempts to rationalise norms for acceptance of public deposits by companies, it may take some time before companies as well as depositors regain confidence in it. A section of corporate sector would like the Ministry of Company ... More

ALLIANCES & JOINT VENTURES
Ind-Swift in contract research pact with European firms
THE Chandigarh-based Ind-Swift Laboratories has entered into a contract research arrangements worth $3 million to $5 million with two European companies for molecules with a market size of over $8 billion to be completed in the next 18 ... More

SICK UNITS
Madras HC orders winding up of SIV Industries
THE Madras High Court has ordered the winding up of the Coimbatore-based SIV Industries Ltd following the recommendation of the Board for Industrial and Financial Reconstruction (BIFR). Mr Justice K. Raviraja Pandian, in his order, recalled ... More

OUTLOOK
Suzuki Motor Corp move: What's in store for Maruti Udyog?
WHY would Suzuki Motor Corporation (SMC) want to promote two new companies in India to establish a diesel engine and a new car assembly plant when it already has a 54 per cent subsidiary in Maruti Udyog? This is the question irking analysts and ... More