Financial Daily from THE HINDU group of publications
Friday, January 14, 2005

News
Features
Stocks
Port Info
Archives
Google

Subscription

Group Sites

CORPORATE

ANNOUNCEMENTS


Tata Power plans to sell Tata Petrodyne
TATA Power Company (TPC) on Thursday said its board of directors will discuss selling its wholly-owned oil and gas exploration subsidiary Tata Petrodyne, at its board meeting on January 20. As Tata Power has decided to focus coal-based power, ... More

  • Malabar Building Products board meeting

    COMPANY LAW


    Co secretaries want issues in amendment Bill resolved
    WORRIED that the period of self-regulation may give way to a bureaucratic regime if the Bill to amend the Company Secretaries Act becomes a law, professionals want contentious issues in the Bill to be resolved. Some of the issues that the ... More

    COURTS/LEGAL ISSUES


    HC can restrain use of trademark by subsequent user
    THE Madras High Court has held that merely because an application for registration of a trademark was pending before the appropriate authority, it could not be said that the Court could not entertain an injunction application restraining the use ... More

    Manu Chhabria's mother serves notice to Shaw Wallace liquor biz bidders
    THE mother of the late Manu Chhabria, Ms Ranibhai Rajaram Chhabria, has served legal notice to all the bidders for Shaw Wallace & Co (SWC)'s liquor business, which is on the block, cautioning them against entering into any deal. The notice is ... More

    FINANCIAL PERFORMANCE


    Micro Inks posts Rs 18-cr net
    MUMBAI: Micro Inks Ltd has reported a net profit of Rs 18.4 crore for the quarter ended December 2004 against Rs 12.7 crore in the year-ago period. Revenues increased by 15 per cent to Rs 233.9 crore for the corresponding period. The ... More

    MERGERS & ACQUISITIONS


    Reliance acquires SM Dyechem's glycol unit
    RELIANCE Industries Ltd on Thursday said it has bought assets of SM Dyechem's glycol division from IDBI. The company did not say what price it paid for acquiring the assets of the 80,000 tpa glycol plant. Reliance Industries plans to get the ... More

    Selling stake in Swaraj Mazda — Punjab Tractors to `respond favourably' to Sumitomo move
    PUNJAB Tractors Ltd (PTL) on Thursday said that it has decided to "respond favourably" to a proposal to sell around half of its 29.04-per cent stake in Swaraj Mazda Ltd to the Japan-based Sumitomo Corporation. For the purpose, the PTL Board ... More

    NEW PROJECTS


    CCEA approves revised cost estimate for Nalco unit
    THE Cabinet Committee on Economic Affairs (CCEA) on Thursday approved the revised cost estimate of Rs 398.36 crore for a rolled product unit of National Aluminium Company Ltd (Nalco) at Angul in Orissa. The project is to be completed in six ... More

    Merck plans to set up arm
    Merck & Co is setting up a wholly-owned subsidiary through its overseas subsidiaries - Merck Sharp & Dohme BV, Netherlands - investing 99.99 per cent and Merck Sharp & Dohme Finance BV Netherlands holding the rest. The US-based comp More

    REGULATORY BODIES & RULINGS


    Pesticide unit penalised in AP
    HYDERABAD: The manufacturing licence of K.V.M. Organic Products Pvt. Ltd, a pesticide manufacturing unit at Satulur in Guntur district has been suspended by the State Commissioner and Director of Agriculture. In a press release the ... More

    ALLIANCES & JOINT VENTURES


    Cargill to forge jt venture with two Pune-based edible oil cos
    THE US agri-business giant, Cargill, is set to considerably expand its edible oils business in the country. After several months of negotiations, Cargill Mauritius Ltd - the holding company of Cargill India Pvt Ltd - is planning to forge a ... More

    OUTLOOK


    Honda plans to sell 65,000 units of `Unicorn'
    HONDA Motorcycle and Scooter India (HMSI) said it aimed to sell 65,000 units of `Unicorn' this fiscal and launched a self-start variant of the 150cc motorcycle. The new version was priced at Rs 55,982 (on-road, Delhi), about Rs 3,000 more than ... More

    Volvo kick-starts exports to S-E Asia
    TRUCK maker Volvo has despatched the first lot of 150 trucks to South Korea kick-starting its exports to South-East Asia. "We hope to continue to export to other countries as well," the Volvo India Managing Director, Mr Ulf Nordqvist, told ... More

    Skoda begins work on car for Asian market
    SKODA Auto has begun work on developing a passenger car for the Asian market, including India; while it is all set to launch the latest version of Octavia during the second half of 2005. Last year, Skoda had revealed that it is looking at the ... More

    Indal unit revival still in limbo
    UNCERTAINTY persists over reopening of the smelter unit of Aditya Birla Group's Indian Aluminium Industries Ltd (Indal) at nearby Eloor as there has not been any progress in ensuring power supply at affordable rates. The company management was ... More


    Scoreboard
    SE Diary


    Comments & Letters to the Editor to: bleditor@thehindu.co.in
    Subscribe to: Business Line
  • Pick a Winner Stock Market Contest

    Top Stories
    `VAT is equitable with least distortion on resources' — Dr Raja Chelliah, Chairman, Madras School of Economics


    Reliance acquires SM Dyechem's glycol unit

    FII flows and RBI's dilemma

    Gur factor may hit sugar output this year

    Raghuram Rajan for calibrated roll-out of economic policies

    State of the World doesn't look good

    Hero Honda Q3 net up 8 pc

    In Focus

    BHEL Disinvestment
    The Yuan Revaluation
    Dabhol power regenerated
    Tracking the rains
    Sethusamudram Canal Project
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Jan. 2-Jan. 8
    ECIL ties up with US co for inspection systems

    GM sales rise 73% in 2004

    Birla Group to merge two sugar mills

    Maruti hikes prices of all models except 800

    Decade-old RBI probe questions fund mop-up by RIL satellite cos

    Ambanis may maintain status quo in face of huge tax incidence


    The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
    Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

    Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line