The Hindu Business Line : Friday, January 21, 2005

Devaki Hospital EGM postponed to Feb 11
AN extraordinary general meeting of shareholders of Devaki Hospital Ltd was postponed on Thursday following a stay granted by the Madras High Court against the conduct of the meeting. The stay was granted on an application filed by Dr K. ... More

Hind Latex interim dividend
THIRUVANANTHAPURAM: Hindustan Latex Ltd has announced an interim dividend of 20 per cent for the period from April to November 2004. A company spokesman said here that the Managing Director, Mr M. Ayyappan, paid the amount of Rs 2.42 ... More

CORPORATE DISPUTES

Anil stays away from IPCL meet; resignation kept in abeyance
THE Indian Petrochemicals Corporation Ltd board today decided to keep in abeyance the resignation of Mr Anil Ambani as Vice-Chairman and Director of the company. Mr Anil Ambani chose to stay away from the board meeting that was called to ... More

Illegal routing of international calls — Tribunal puts on hold DoT penalty on Reliance till Feb 8
Reliance had moved the TDSAT earlier this week challenging the Rs 150-crore penalty imposed by DoT. More

COURTS/LEGAL ISSUES

Tobacco stocks up on SC ruling
STOCK price of cigarette and gutkas manufacturers gained sharply after the Supreme Court (SC) today ruled that States had no power to enact a law to impose luxury tax on these products. States such as Uttar Pradesh, West Bengal, Haryana and ... More

MNCs told to supply `patented' anti-cancer drug
WHILE multinational anti-cancer drug manufacturers had prevented Indian drug firms from distributing the life-saving medicine on the ground that they held the patent rights and had also been granted the exclusive marketing rights (EMR) for these ... More

MERGERS & ACQUISITIONS

Swiss co Holcim cements deal with Ambuja for ACC
THE story of the giants in the Indian cement sector being impregnable to foreign invaders is now truly over, with the second largest cement manufacturer in the world, the Swiss company Holcim, on the threshold of control of the oldest and ... More

Gujarat Ambuja cuts a smart deal
GUJARAT Ambuja Cements has cut a deal that ensures a handsome payoff for its shareholders for its decision to buy a strategic stake in ACC five years ago even as Holcim of Switzerland acquires a major presence in the cement industry in India. ... More

SEBI mulls altering takeover code
THE Securities and Exchange Board of India is considering changing the takeover code. According to the draft amendments to the regulation, creeping acquisition of over 55 per cent in a company cannot be made through open offers, market ... More

Mallya happy with bid value for SWC liquor biz
THE UB Group Chairman, Mr Vijay Mallya, hopes to emerge as the preferred bidder, as he has offered the highest price, for Shaw Wallace & Co's (SWC) liquor business. The Dubai-based Jumbo Group, which manages SWC, mandated McKinsey Singapore to .. More

NEW PROJECTS

Tata Steel to raise Rs 5,000 cr
TATA Steel on Thursday approved a plan to raise up to Rs 5,000 crore to meet its funding requirement for the company's expansion and growth plans. This would be mainly through debt and a combination of rupee and foreign currency debt, Mr ... More

INTERVIEW

Holcim's expertise at GACL disposal virtually free: Singhvi
FOLLOWING the announcement of an alliance between Gujarat Ambuja Cement Ltd (GACL) and Swiss cement major Holcim Ltd that will see Holcim get 67 per cent stake in Ambuja Cements India Ltd (ACIL), Business Line caught up with Mr Anil ... More

OUTLOOK

A380 may open new biz opportunities for HAL
A380, the world's largest aircraft just unveiled by Airbus Industrie, could open up new business opportunities for domestic aircraft major Hindustan Aeronautics Ltd. Having recently won its second order for aircraft doors from the European ... More

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IDBI, Bank share swap ratio fixed at 100:142

SEBI mulls altering takeover code

Pharma sector — No side-effects of patent regime

Spices exports top 2.5-lakh-t target

A380 may open new biz opportunities for HAL

Profit or loss, business owners feel the stress

ACC net rises 138 pc in Q3 to Rs 53 crore

Satyam Q3 net rises 20 pc; ups guidance

Biocon Q3 net rises 44 pc