The Hindu Business Line : Sunday, January 02, 2005

Toubro issues convertible warrants
MUMBAI: Toubro Infotech & Industries Ltd has informed the BSE that its board of directors meeting held on December 31, issued/allotted 8,72,000 warrants convertible into/exchangeable with the equal number of equity shares, to KDS ... More

Aarti Drugs to offer securities
MUMBAI: Aarti Drugs Ltd has informed the BSE that at the meeting of the board of directors of the company held on December 31, 2004, the following decision has been taken: To issue/offer securities like foreign currency convertible ... More

PREFERENTIAL ALLOTMENTS

Max Healthcare to make pref allotment to Warburg Pincus group
MAX Healthcare Institute Ltd, a subsidiary of Max India Ltd, will make a preferential allotment of shares to Madison Holding Ltd and Melany Holdings Ltd, registered FIIs belonging to the Warburg Pincus Group. The allotment approved by the ... More

Avon plans rights, pref issue
HYDERABAD: The board of directors of Avon Organics Ltd has decided to go in for a rights issue to shareholders and a preferential offer of share warrants to promoters and their associates. The board has approved a proposal for a rights ... More

Shree Vani Sugars EGM to get shareholders' nod for pref offer
THE board of directors of Shree Vani Sugars and Industries Ltd has approved a proposal to allot 26.5 lakh equity shares of the company in favour of promoters and their associates on a preferential offer basis. The company proposes to convene ... More

CORPORATE DISPUTES

Reliance Industries: Uncertain still for shareholders
THE dice were always heavily loaded in favour of Mr Mukesh Ambani, ever since this high voltage tussle between the two brothers — Mukesh and Anil Ambani — spilled into the public domain. Even as shareholders ... More

ESOPS

Natco Pharma to mull stock option
MUMBAI: Natco Pharma Ltd has informed the BSE that the meeting of remuneration committee of the company will be held on January 7, to consider granting of stock options to its employees. ... More

FIXED DEPOSITS

Jubilant Organosys: Keep it reactive for a year
INVESTORS can consider the fixed deposit programme of Jubilant Organosys for a year. The company has bright prospects and its financials are improving. Longer tenures can, however, be avoided, as the incremental returns ... More

SOCIETY & DEVELOPMENT

Corporates contribute to relief fund
CORPORATES are increasingly coming forward with relief packages to help the tsunami victims. The Hyderabad-based cargo and logistics major, Gati Ltd, has offered to carry clothes, food and other relief material free-of-cost in its cargo ships ... More

OUTLOOK

Tata Power bets on coal-based projects
AT a time when other power producers are considering natural gas as a replacement for costly oil, Tata Power Company has decided to bet big on coal. The company hopes to invest Rs 40,000 crore in thermal power plants — the smallest with ... More

PERFORMANCE

TVS Motor clocks 21% rise in motorcycle sales
TVS Motor Company sold 63,496 motorcycles in December 2004 — a 21 per cent increase in sales compared to the same period in 2003 when it sold 52,464 motorcycles, according to a company press release. Total two-wheeler sales grew by 15 per ... More

TRENDS

Amid buoyancy, tsunami strikes sober note
THE corporate sector soared to new profit levels, the stock indices touched record highs and the rupee surged against the dollar in a year that also drove home-grown companies to look beyond the country's shores for growth. The year 2004 will ... More

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