The Hindu Business Line : Tuesday, October 05, 2004

ANNOUNCEMENTS
Ranbaxy asks doctors to prescribe Rofibax only for short-term use
FOLLOWING the withdrawal of painkiller and arthritis drug Vioxx (Rofecoxib) by Merck and Co due to side effects such as heart-attack and stroke, Ranbaxy Laboratories Ltd has sent out an advisory to physicians urging them to prescribe its version, ... More

Cotton Corp pays Rs 5-cr dividend
NEW DELHI: The Cotton Corporation of India (CCI) on Monday presented a cheque of Rs 5 crore as dividend to the Government for 2003-04. The company posted a higher turnover of Rs 1,049.49 crore last year, against Rs 971.53 crore in ... More

ACCOUNTING STANDARDS
Cost Accounting Records Rules for 3 industries notified
THE Centre has notified the Cost Accounting Records Rules with reference to plantation products, telecommunications and petroleum industry. Every company covered under these Rules is obliged to maintain cost accounting records for each ... More

CORPORATE DISPUTES
Gaziabad unit blast: Bhushan Steel to move court against scrap suppliers
BHUSHAN Steel & Strips Ltd has decided to take legal action against Mumbai-based Metco Marketing and Lucky Metal of Dubai for supplying scrap containing explosives that resulted in a blast last Thursday at its Gaziabad factory. "The company has . More

COMPANY LAW
Amendments to remove glitches in setting up law tribunals
THE Ministry of Company Affairs is all set to clear the glitches insetting up the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) by proposing suitable amendments to the Companies (Second Amendment) ... More

AWARDS & HONOURS
Capexil Special Export Award for KMML
CAPEXIL, formerly known as Chemicals and Allied Products Export Promotion Council, has selected the public sector Kerala Minerals and Metals Ltd (KMML) for the Special Export Award based on its export performance during 2003-04. KMML, a major ... More

FIXED DEPOSITS
Banks, FIs against Morepen's FD conversion plan
BANKS and financial institutions have raised objections to Morepen Laboratories Ltd's (MLL) proposal to allow the fixed deposit (FD) holders of the company to opt for a conversion of their FDs into fully convertible debentures (FCDs). They have ... More

NEW PROJECTS
Raj Rayon plans Rs 150-cr expansion
RAJ Rayon, a Mumbai-based polyester texturised yarn (PTY) manufacturer, is planning a Rs 150-crore expansion of its existing facilities and setting up a POY (partially oriented yarn) unit to aid backward integration of its operations. The unit ... More

NLC gets Govt nod for Mine-II expansion
NEYVELI Lignite Corporation Ltd today announced that the Union Government has approved its expansion proposal for increasing the lignite production capacity of second mine from 10.5 million tonnes per annum to 15 million tonnes per annum and for ... More

Cookson opens research centre at IISc
COOKSON Electronics today launched the first leg of its $5 million to 8 million expansion plan in Bangalore with the opening of its India Research Centre (IRC) at the Indian Institute of Science. A manufacturing centre for surface mount ... More

SOCIETY & DEVELOPMENT
HPCL's Rasoi Ghar project — Weaning rural areas away from firewood
IT'S called killing two birds with the same stone — Hindustan Petroleum Corporation Ltd (HPCL) is doing precisely that as it executes its LPG Rasoi Ghar (community kitchen) project across the rural heartland. First and foremost, the idea ... More

OUTLOOK
Haier Appliances aims at 10% market share in CTVs by 2008
HAIER Appliances (India) P Ltd, a 100 per cent subsidiary of the $9.2-billion Haier Group of China, has planned to capture a 10 per cent share of the market for CTVs in India by 2008. Powered by a strategic combination of India-centric model ... More

IOC aims to apply FMCG tactics in oil retailing
INDIAN Oil Corporation is consciously involved in a brand building exercise and wants to become an FMCG company, according to Dr N.G. Kannan, Director (Marketing). Speaking to newsmen in Coimbatore on Saturday, Dr Kannan, said IOC, which has a ... More

PERFORMANCE
Pilani knows its Investment
The first family of India's business world - the Birlas - has remained as market savvy as ever and its investments have kept on appreciating as expected. Nothing proves this more than the treasury skills honed by Pilani Investment & ... More

PEOPLE
Meher Pudumjee to take over as Chairperson today — Thermax in `transformation' phase
ENGINEERING company Thermax Ltd, which went through a major turnaround exercise over the last couple of years, is gearing up for a transformation phase, which will double its turnover and triple profits by 2008. The company, which roped in ... More