The Hindu Business Line : Saturday, April 16, 2005

Bosch to launch `do-it-yourself' tools next month
BOSCH Power Tools, a division of the euro 40-billion Bosch group, today announced its plan to launch new products targeting the home and small professional segments under its new concept `do-it-youself'. The new products consists of IXO, a ... More

Deutz AG to source more valve seats from India
DEUTZ AG, a commercial vehicle and tractor engine manufacturing company, hopes to increase its sourcing of a critical component — valve seats inserters — from India, which it considers one of the few low-cost source with precision ... More

Glenmark to consider interim
MUMBAI: Glenmark Pharmaceuticals Ltd's board of directors are set to meet later this month to take up the payment of an interim dividend on equity shares of the company for 2004-2005. In an announcement to the BSE, the company said that ... More

Apollo Hospital board meet
CHENNAI: Apollo Hospital's board will meet on Monday to discuss an issue of equity shares or depository receipts or warrants on preferential basis. The board will also consider giving existing shareholders an option to divest their ... More

OVERSEAS BORROWINGS

Bharat Forge approves $100-m GDR issue
BHARAT Forge Ltd (BFL) today informed the BSE that its Committee of Directors has approved the offering and pricing of a $100-million GDR issue including a $10 million-greenshoe option. Two tranches of foreign currency convertible bonds of $60 ... More

COURTS/LEGAL ISSUES

US judge rules Eli Lilly's patent valid — Dr Reddy's loses case on generic drug trial, to appeal
"Despite today's adverse ruling, our strategy remains unchanged and we continue to make consistent progress towards building a sustainable generics business in the US." More

FINANCIAL PERFORMANCE

Finolex net up at Rs 95.92 cr
FINOLEX Industries Ltd (FIL) has clocked an annual turnover of Rs 1,001 crore and recorded a net profit of Rs 95.92 crore for the year ended March 31, 2005 as compared to Rs 865 crore and Rs 90.2 crore respectively in the previous year. The ... More

NEW PROJECTS

Sureka Group setting up silver jewellery export unit in Kolkata
THE Kolkata-headquartered Sureka Group, in association with the Farinni Group and Mr Mayur Sheth, a US citizen of Indian origin, is setting up the first silver jewellery unit at Manikanchan, which is India's first greenfield special economic zone ... More

Jaipuria's plaza in Ghaziabad
NEW DELHI: The Rs 1,200-crore Jaipuria Group on Friday announced the launch of its latest commercial project, Sunrise Plaza. The proposed shopping-cum-entertainment centre would come up at Indirapuram in Ghaziabad. "Work on the project ... More

REGULATORY BODIES & RULINGS

FDA bans sale of Harpic; notice to No Marks soap
THE Maharashtra Food and Drug Administration (FDA) has prohibited the sale of Reckitt & Benckiser's popular disinfectant Harpic in the State. This follows a notice from the regulatory authority to the company, charging it with violating ... More

OUTLOOK

Taj SATS sees 15 pc growth with arrival of more carriers
TAJ SATS Air Catering expects to register a 10-15 per cent growth in turnover in the current fiscal as the aviation industry in the country expands with the arrival of new global players and the proposed launch of a clutch of domestic ... More

PERFORMANCE

Tecumseh reaches new milestone in compressor exports
TECUMSEH India, a leading manufacturer of compressors, has logged an export figure of one million air conditioning compressors, the first Indian company to reach the milestone. During 2004, the company doubled its exports of AC compressors with ... More

PEOPLE

T.S. Santhanam passes away
MR T.S. Santhanam, son of the founder of the TVS group, the late T.V. Sundram Iyengar, passed away on Friday morning, after a brief illness. He was 92. He is survived by his wife Mrs Padma, two sons, Mr S. Ram, Chairman, Wheels India Ltd; and ... More

T.K. Ramachandran is Symrise MD
CHENNAI: Mr T.K. Ramachandran has taken over as the Managing Director of Symrise Pvt Ltd starting April 15. He earlier managed the Operations Division of the company in India for over 10 years. Mr Ramachandran replaces Mr C. Venkat, who ... More

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BHEL Disinvestment