Coromandel Cements' board meet on Oct 5
HYDERABAD: Coromandel Cements Ltd has informed stock exchanges that it proposes to hold the meeting of its board of directors on October 5 to allot 6,36,500 equity shares to the promoters on preferential basis. Earlier, the shareholders ...
Merck sues Dr Reddy's for patent violation
THE global pharmaceutical major Merck has sued Dr Reddy's Laboratories Ltd alleging patent infringement by the latter. In a press release here on Friday, Dr Reddy's said it had filed an Abbreviated New Drug Application (ANDA) with the US Food ...
SC to hear Zee's plea on Tuesday
THE Supreme Court will hear on October 5 another application filed by Zee Telefilms challenging the move by the Board of Control for Cricket in India (BCCI) to award telecasting rights to Ten Sports and Sony network to telecast the first Test ...
Cricket telecast: Prasar Bharati to move SC as `aggrieved party'
THE legal battle surrounding the awarding of telecast rights to Sony Entertainment Television for the forthcoming Australia tour of India is getting complicated with the Prasar Bharati CEO, Mr K.S. Sarma, saying that the national broadcaster ...
Corporates allowed to convert ECBs into equity
CORPORATES, whose activities are covered under the automatic route for FDI, would now be allowed to convert their external commercial borrowings (ECBs) into equity. Further, the foreign equity after the conversion of debt into equity should be ...
SEBI to oversee issue of ESOP by listed cos
THE Securities and Exchange Board of India (SEBI) will now govern the issue of Employees Stock Option Scheme (ESOP) by a listed company in the knowledge-based sectors, the RBI said today. This issue of ESOP will be according to the SEBI ...
AWARDS & HONOURS
ITC paper unit gets eco prize
Roots Ind thinks out of the `suggestion' box
At a time when sophisticated technologies have replaced the human element in manufacturing activities, how many organisations would care to take a peek into that suggestion box of ideas put forth by their employees? Though a survey has not been ...
Suryalakshmi Cotton to demerge yarn division
THE board of directors of Suryalakshmi Cotton Mills Ltd (SCML) at its meeting held on Friday approved the proposal of de-merger of its yarn division after considering various restructuring options. The company informed the stock exchanges that ...
Bajaj Electricals pins hopes on power transmission biz
BAJAJ Electricals, one of India's major electrical appliances company, is betting big on power transmission. The company hopes it will see its earnings from its recently set up transmission business double to Rs 300 crore, from the present Rs ...
DVC mulls setting up gas-based power stations
WITH emerging prospects of the availability of natural gas and coal bed methane (CBM) by 2006-7, Damodar Valley Corporation is considering setting up gas-based power stations during the Eleventh-Plan period. Talking to Business Line, ...
Polymer, naphtha duty cut unlikely to hit Reliance
THE duty cut in polymers and naphtha is not likely to have any impact on the price line of Reliance Industries Ltd, the largest producer of polymers in the country. The reason being cited for this insulation from the duty cut is that it had ...
Polymer duty cut not to hit Haldia Petro IPO plans
THE Union Government's decision to reduce import duties on polymer products will affect the profitability of Haldia Petrochemicals, despite a corresponding reduction in the import duty of naphtha. However, Haldia Petrochemicals is firm on its ...
Maruti Sept sales rise 27 pc
NEW DELHI: Maruti Udyog, India's biggest carmaker, on Friday said its total sales rose by 27 per cent in September 2004. A total of 43,949 units were sold during the review month over 34,543 units sold in September 2003, a company ...
Hero Honda sales up 38 pc
NEW DELHI: Two-wheeler major Hero Honda has recorded a 38 per cent growth in sales in September 2004 to 2,17,507 units over 1,57,583 units sold in the same month last year. This is the seventh time in the last 12 months that Hero Honda has ...
Bajaj Auto sales 15 pc higher
MUMBAI: Bajaj Auto Ltd (BAL) on Friday reported a 15 per cent growth in total two-wheeler and three-wheeler sales for September, from the previous 1,42,023 units to 1,63,942 units. Motorcycle sales for the period rose by 32 per cent from ...
TVS Motor sales down in Sept
CHENNAI: TVS Motor Company's total two-wheeler sales in September stood at 1,04,837 units compared to 105,989 units, during the same month last year. However, the total two-wheeler sales in September 2004 recorded a growth of 17 per ...
More Britannia executives quit
DAIRY and bakery major Britannia Industries is witnessing an exodus from its senior management cadre even as Bangalore's corporate circles are abuzz with talk of a major restructuring exercise within the organisation in the near term. Informed ...
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