CORPORATE
PREFERENTIAL ALLOTMENTS
Ind-Swift okays pref allotment to FIIs
THE Chandigarh-based Ind-Swift Laboratories Ltd (ISLL) has finalised a preferential allotment of 15 lakh shares, or seven per cent of its equity, to foreign institutional investors (FIIs) - Swiss Finance Corporation (Mauritius) Ltd and Aeneas ...
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COMPANY LAW
Concept paper on Company Law: Ministry begins rule-making exercise
The draft rules and the Companies Bill would be released together and put on the Ministry Web site to elicit public response. In fact, once all recommendations on the paper are received, the Government proposes to constitute a high-level committee t hat will examine the suggestions received and frame the Bill.
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AWARDS & HONOURS
Award for Sanghi Spinners
HYDERABAD: Sanghi Spinners India Ltd has won the "Texprocil Silver Trophy' for the second highest cotton yarn exports under the EOU/EPZ category during 2003-04. The company had achieved an export turnover of Rs 109 crore last fiscal. ...
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COURTS/LEGAL ISSUES
Efforts on to remove hurdles in setting up NCLT
THE Government on Tuesday said that efforts are afoot to resolve the legal hurdles regarding the setting up of the National Company Law Tribunal (NCLT), now pending in the Supreme Court. According to an official statement, "The Government ...
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MERGERS & ACQUISITIONS
`MTNL-BSNL merger by mid next year'
THE Union Government plans to complete the merger of public sector telecom companies MTNL and BSNL by mid next year, Mr Dayanidhi Maran, Union Minister of Communication and Information Technology, said here on Tuesday. "Six merchant bankers ...
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Kochi Refineries board approves merger with BPCL
KOCHI Refineries Ltd on Tuesday said its board of directors has approved merging itself with parent Bharat Petroleum Corporation Ltd. KRL has informed the Bombay Stock Exchange that its board of directors has given its in-principle approval to ...
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ALLIANCES & JOINT VENTURES
Paswan urges RINL to go for joint ventures
RASHTRIYA Ispat Nigam Ltd (RINL) may consider entering into joint ventures or acquiring coalmines in view of the input shortage following an advisory by the Government. "The Union Minister for Steel, Mr Ram Vilas Paswan, has stressed on the ...
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SOCIETY & DEVELOPMENT
Fapcci moves to expand `defluoridation' scheme
THE Federation of Andhra Pradesh Chambers of Commerce and Industry (Fapcci) has decided to expand the defluoridation initiative taken up by it recently to Nalgonda and Khammam districts. Announcing this at the seminar on `Corporate Social ...
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BONUS ANNOUNCEMENTS
Matrix announces 1:1 bonus issue; plans stock split
MATRIX Laboratories Ltd, the Hyderabad-based bulk drugs and intermediates company, has declared it's first bonus issue in the ratio of 1:1. The company is also in the process of setting up a new plant at Hyderabad to fortify its plans for the ...
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OUTLOOK
Trident Hilton eyes elite business class
DOVETAILING into its national strategy, the Trident Hilton Cochin will be repositioning itself as a premium business class hotel and the exclusive destination for the elite leisure traveller. "This strategy will go hand-in-hand with our recent ...
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PERFORMANCE
Nalco's Rs 224.60-cr dividend
BHUBANESWAR: Nalco has paid Rs 224.60 crore to the Union Government as its share of dividend for 2003-04, according to a company release. The dividend cheque was handed over to Dr Dasari Narayana Rao, Union Minister of State for Coal and ...
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