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Tuesday, April 19, 2005

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ANNOUNCEMENTS


Glenmark floats unit to reach out to doctors
IN order to address the general practitioners in metros, non-metros and rural areas, Glenmark Pharmaceuticals on Monday launched a new division called Milieus. The general practitioners would be addressed through a select basket of products, ... More

MRPL to pump water from Sarapady dam
MANGALORE Refinery and Petrochemicals Ltd (MRPL) has been allowed to pump water from the Sarapady dam across Netravati river. Of the two pumps used for lifting water, the district administration has permitted the refinery to use only one pump. ... More

MFL settlement with ICICI Bank
CHENNAI: Madras Fertilizers Ltd has entered into a one-time settlement agreement with ICICI Bank, which will benefit the company to the tune of Rs 18.95 crore as of March 31, 2005. In a communication to the National Stock Exchange, MFL ... More

OVERSEAS BORROWINGS


Srei Infrastructure mops up Rs 153 cr through GDR issue
SREI Infrastructure Finance Ltd (SIFL), formerly Srei International Finance Ltd, has successfully raised Rs 153 crore ($35 million) through the issue of 8.65-million Global Depository Receipts (GDRs). Priced at $4.05, each GDR represents four ... More

Apollo Hospitals plans GDR
CHENNAI: Apollo Hospitals Enterprises Ltd has announced an offering of global depository receipts for an aggregate amount up to $135 million (Rs 600 crore) comprising an issue of fresh equity shares in the form of GDRs for an amount up to ... More

AWARDS & HONOURS


Tata Coffee bags awards
BANGALORE: Tata Coffee Ltd has bagged the all-India as well as regional awards at the `Flavour of India-Fine Cup Award Cupping Competition 2005' organised by the Coffee Board of India at the Speciality Coffee Association of America (SCAA) ... More

INSIGHT


Putting results ahead of resources
The ownership and deployment of corporate resources will be determined by how critical they are to the accomplishment of a company's core market objectives. G. Ramachandran and R. Vijay Shankar, looking at the Tata Tea and Hindustan L ever cases, conclude that the resources freed by the two majors shedding their status as producers will be a shot in the arm for their operations. More

HUMAN RESOURCES


ICFAI training programme
HYDERABAD: The ICFAI Business School (IBS) has announced that it is organising a two-day management development programme (MDP) for Coromandel Fertilisers Ltd (CFL) in Hyderabad from Tuesday. In a press release, IBS said trainers with ... More

RESTRUCTURING


Ambica to hive off hotel wing
HYDERABAD: The board of directors of Ambica Agarbathies & Aroma Industries Ltd has decided to hive off the company's hotel division, comprising units at Chennai and Visakhapatnam, and all other hotel-related businesses into a separate ... More

MERGERS & ACQUISITIONS


Panel report on oil PSUs' merger likely next month
WITH just a month to go before the Committee on Synergy in Energy submits its report to the Ministry of Petroleum, the industry is abuzz with the much talked about proposed mega merger of the oil firms to beat global competition. Official ... More

IISCO-SAIL merger: Montek riles Left again
THE recent statement made by the Planning Commission's Deputy Chairman, Mr Montek Singh Ahluwalia, against the proposed merger of IISCO (Indian Iron & Steel Co) with SAIL (Steel Authority of India Ltd) may lead to another round of bickering ... More

TACO in talks to buy co in Europe
THE Tata Group company, TATA AutoComp Systems Ltd (TACO), is in advanced stages of talks to acquire an auto components-based company in Europe. TACO is eyeing a turnover of $500 million this fiscal and is expecting to wrap up the acquisition ... More

REGULATORY BODIES & RULINGS


Closure notice to TTP
THIRUVANANTHAPURAM: The State Pollution Control Board has issued closure notice to the public sector Travancore Titanium Products (TTP) for not complying with directions to set up an effluent treatment plant. The board has issued the ... More

ALLIANCES & JOINT VENTURES


Charak Pharma in pact with Russian co for liver disorder drug
CHARAK Pharma has entered into an alliance with Russian allopathic company Avin Pharma to co-market its liver disorder drug Livomin. Next on the anvil is the anti-diabetic drug, Hyponidd, currently under registration in the Russian ... More

SICK UNITS


FACT revival under RCF management likely to be okayed
THE Central Board of Reconstruction for Public Sector Enterprises (BRPSE) is likely to consider positively the package submitted by the Rashtriya Chemicals and Fertilisers (RCF) for reviving the Central public sector undertaking, Fertilisers and ... More

OUTLOOK


MetalJunction eyes mineral trading
METALJUNCTION Services Ltd, formerly known as MetalJunction.Com Pvt Ltd, is set to enter into the mineral trading business. The new business is expected to generate a turnover of Rs 2,000 crore during the current fiscal. The total turnover is ... More

Taneja Aerospace set to turn around after financial rejig
TANEJA Aerospace and Aviation Ltd (TAAL) is set to turn around after undergoing financial restructuring and winning new orders for its light sports aircraft from the US. "We expect to post net profits from 2004-05 onwards," Mr Salil Taneja, ... More

PEOPLE


Ministry fiat to CIL
KOLKATA: The Union Ministry of Coal & Mines has advised Coal India Ltd to transfer the Chairman & Managing Director of South Eastern Coalfields Ltd (SECL), Mr M.K. Thapar, with immediate effect. The vacancy thus created will be filled by ... More
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Top Stories
Panel report on oil PSUs' merger likely next month


Charak Pharma in pact with Russian co for liver disorder drug

Lower prices heat up microwave oven sales

India second largest apparel exporter to US?

Power projects sans govt guarantees — FIs ready to accept alternative payment security mechanism

IISCO-SAIL merger: Montek riles Left again

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Apr. 10-Apr. 16
Ahill to widen garment range, enter Lanka

Coal India sets production target of 343 mt for '05-06

`CIAL is now a cash-rich company'

Simbhaoli plans new model to double capacity

Srei inks deal with Tatas for 10,000 vehicles

Tata Steel plans capacity expansion at units in China

Apollo Tyres hikes prices by 3-4 pc

Sundram Fasteners' China unit takes off — Zhejiang plant starts third shift

Bharat Forge approves $100-m GDR issue


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