The Hindu Business Line : Wednesday, May 25, 2005

Xerox to hike stake in Indian arm to 100 pc 3 FIPB approval to be sought
XEROX Corporation is planning to seek approval from the Foreign Investment Promotion Board (FIPB) to increase its shareholding in Xerox India to 100 per cent from the current 86 per cent. "Our intent is to have 100 per cent ownership (of Xerox ... More

Ranbaxy launches Clarithromycin tablets in US
RANBAXY Laboratories Ltd on Tuesday launched its approved generic formulation of Clarithromycin immediate release (IR) tablets in the US market. The Office of Generic Drugs, US Food and Drug Administration, has determined that Ranbaxy's ... More

GR Cables unveils new products
HYDERABAD: GR Cables Ltd has announced the launch of special range of power cables for Electricity Boards. These cables help in preventing power loss and theft, the company said. The company said it has got these cables approved by the ... More

MRPL to seek board nod for maiden dividend
SOME 13 years after it went on stream in 1992, Mangalore Refinery and Petrochemical Ltd (MRPL) is likely to announce a maiden dividend to its shareholders for 2004-05. The decision is likely to be taken by the MRPL board at its meeting on June 6. ... More

NTPC releases investor handbook

OVERSEAS BORROWINGS

Apollo Hospitals eyes LSE, Luxembourg for GDR listing
APOLLO Hospitals and Enterprises Ltd (AHEL), which is coming up with a $75 million GDR issue, will seek listing in either the London Stock Exchange or the Luxembourg Stock Exchange, company officials told shareholders today. Alongside the GDR ... More

COURTS/LEGAL ISSUES

Su-Raj Inter Gold gets 6 months to change name
THE Bombay High Court has granted Su-Raj Inter Gold Pvt Ltd six months to change its name in view of a petition filed by older and listed company, Su-Raj Diamonds and Jewellery Ltd. During the hearing, the counsel for the defendants, Su-Raj ... More

NEW PROJECTS

Swiss PET bottle co opens plant in Pune
THE Switzerland-based SIH group on Tuesday announced the inauguration of its first production plant in Asia at Mulshi near Pune. Magplastic Switzerland, a supplier of PET bottle blow moulding machines in the Indian market, has set up Magplastic ... More

OUTLOOK

Apollo Health looks at non-metros for growth
APOLLO Health and Lifestyle Ltd on Tuesday said it has decided to focus on non-metro towns for growth. It plans to open 30-35 clinics in non-metro towns in 2005. The focus States for expansion this year include Uttar Pradesh, West Bengal, ... More

Sargon scouts for global partners
SARGON Geosynthetics, a company in the area of ground engineering, is looking for international partners to bring in technology to market and manufacture geosynthetic products. Sargon has supplied the geosynthetic material in the recently ... More

PERFORMANCE

VIP Q4 net down; to pay Rs 2
VIP Industries Ltd on Tuesday announced a dip in net profit to Rs 4.26 crore for the fourth quarter ended March 2005, from Rs 9.22 crore in the corresponding previous period. However, for the year ended March 2005, net profit rose to Rs 7.21 ... More

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