Financial Daily from THE HINDU group of publications
Friday, December 23, 2005
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Financial Daily from THE HINDU group of publications Friday, December 23, 2005 |
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CORPORATE ANNOUNCEMENTS Lupin gets USFDA nod for Cefprozil LUPIN Ltd has received regulatory approval in the US for its Abbreviated New Drug Application (ANDA) for antibiotic Cefprozil oral suspension. The company said that its different dosages of Cefprozil, a generic equivalent of Bristol Myers ... More
Reliance to develop gas grid in AP — May set up bio-diesel plant
Rajasthan Spinning to produce ladies trousers for Marks and Spencer
JK Synthetics to sell Jhalawar plant
Ucal sells stake in joint venture
HAL pays Rs 48.20-cr interim
Titan board meet on Dec 26
Oudh Sugar to spend Rs 250 cr in expansion PRIVATE PLACEMENT Prajay Engineers' warrants HYDERABAD: Prajay Engineers Syndicate Ltd has allotted 13,50,000 warrants, convertible into equity shares, to Mr D. Vijay Sen Reddy (5,80,000), Ms V. Smitha Reddy (3,60,000), Ms S. Madhuri Reddy (4,10,000). Further, the company has not ... More CORPORATE DISPUTES HC defers NTPC petition against Reliance THE Bombay High Court deferred till Friday the petition filed by the National Thermal Power Corporation (NTPC) seeking an ad interim relief against Reliance Industries Ltd (RIL). The relief has been sought, as RIL wants changes in the terms of ... More OVERSEAS BORROWINGS Uttam Galva raises $14 m thru FCCB issue UTTAM Galva Steels today announced that it has exercised its green shoe option and raised $14 million through Foreign Currency Convertible Bonds (FCCB). The Green Shoe option of $14 million is over and above the initial FCCB offering of $30 ... More
Glenmark $30-m FCCB issue
IOC to raise $300 m foreign loan AWARDS & HONOURS British honour for Asian Paints' units MUMBAI: Four manufacturing facilities of Asian Paints in Ankleshwar (Gujarat), Mumbai (Maharashtra), Kasna (Uttar Pradesh) and Patancheru (Andhra Pradesh) have been presented with the British Safety Council (BSC) Sword of Honour. ... More INSIGHT Independent directors — an unhealthy clause With listed companies being taken to task even for innocuous statements made in the media companies are justified in being cautious, which perhaps explains the delay in appointing the independent directors. More COURTS/LEGAL ISSUES Shareholder moves HC seeking ouster of Lodha as Birla Corp head A CHENNAI-BASED shareholder of Birla Corporation has moved an application before the Calcutta High Court seeking removal of Mr R.S. Lodha as Chairman of the company on the grounds that Mr Lodha suffers from statutory disqualifications to act as a ... More RESTRUCTURING Reliance fixes Jan 25 as record date for demerger scheme — `Resulting cos' to issue shares to RIL shareholders RELIANCE Industries Ltd (RIL) has fixed January 25 as the record date for verifying entitlement of its shareholders to receive shares in each of the four demerged companies, also called `resulting companies'. As per the scheme of arrangement ... More
TV18 announces consolidation scheme
CMD, 5 directors of DCM resign MERGERS & ACQUISITIONS IBP-IOC merger: Swap ratio likely to be modified THE swap ratio for the proposed merger of the IBP Co Ltd with Indian Oil Corporation Ltd (IndianOil) is likely to be modified. At a recent meeting, the Committee of Secretaries (CoS) is understood to have suggested that the two companies ... More NEW PROJECTS Visa Steel to tie up debt for Orissa project by month-end VISA Steel Ltd, which is executing a Rs 1,400 crore integrated steel and stainless steel project in Orissa, hopes to tie up the debt for the project by the month-end. "We have a debt component of Rs 750 crore, most of which has been tied up," ... More
Great Eastern Energy to invest Rs 575 cr in CBM project OVERSEAS INVESTMENTS Wipro buys mPower in all-cash deal WIPRO Technologies on Thursday announced the acquisition of the US-based mPower Inc in an all-cash deal worth $28 million. This amount includes the takeover of the Chennai-based MPACT, a joint venture of MasterCard and mPower. MasterCard, ... More
ALLIANCES & JOINT VENTURES Ferro Alloys venture to dig deep for platinum — Actual size of deposits inOrissa to be assessed A 70:30 joint venture between Platinum Mining Corporation of India (UK), a subsidiary of Platinum Mining Corporation of India Plc, and Ferro Alloys Corporation, will begin deep diamond core drilling to assess the actual size of platinum deposits ... More VENTURE CAPITAL Avesthagen awaits 25-m-euro private placement AVESTHA Gengraine Technologies Pvt Ltd is expecting a private placement shot of 25 million euros (Rs 134 crore) from an unnamed European player shortly. The funding will meet its acquisition plans overseas, the Avesthagen CEO, Dr Villoo M. ... More OUTLOOK IOC expects stiff competition in small, unorganised markets HAVING dominated the consumer market for decades, Indian Oil is finally expecting stiff competition from private players especially in the small and unorganised consumer petroleum products market. Consumer market is roughly three times the size ... 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 In Focus Dynamic Tirupur Trends in IT - 2005 FDI in retail sector Indian Aviation: Sky is the limit India Inc's bonus bonanza India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back Dec. 11-Dec. 17 Bajaj plans fresh bike, scooter rollouts in 2006 52 MoUs for mining, but none cleared Japanese firm Yanmar forays into farm implements market Kirloskars cannot hike stake in Toyota Kirloskar beyond 11% — Original share buyback deal renegotiated Nokia to set up global network solution centre in Chennai |
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