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Friday, November 19, 2004

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E.I.D. Parry to retail branded sugar
E.I.D. Parry has launched Parry's Pure Refined Sugar.According to the Managing Director, Mr P. Rama Babu, the company will increasingly look at branding and value addition of sugar, which has till now been looked at as a commodity. Branded and ... More

Neuland Labs plans preferential offer to promoters
THE board of directors of Neuland Laboratories Ltd has decided to offer equity shares to promoters on a preferential basis. The company has informed the stock exchanges that the board at its meeting on Wednesday approved issue of 2,74,986 ... More

Sun Pharma issues zero coupon FCCBs to raise $225 m
THE Mumbai-based Sun Pharmaceutical Industries Ltd has launched a zero coupon foreign currency convertible bond (FCCB) issue to raise $225 million from the international market. The five-year bonds would be convertible at 50 per cent premium ... More

Similarity in brand labels would confuse consumers: HC
THE Madras High Court has held that use of same colour combination and get-up of labels used to market edible oil by a manufacturer could not be used by another company to market its product simply because the business of the former was not ... More

SABMiller open to acquiring smaller regional brewers — Rules out picking up stake in UB
SABMILLER has said that it is looking at acquiring independent regional brewers in India but rejected an outright bid for United Breweries (UB) Ltd. This comes in the wake of industry speculation that SABMiller has plans to take a stake in UB, ... More

Yash Papers scouting for overseas investors
YASH Papers Ltd is looking at the possibility of taking on an overseas investor aboard. The company is in talks with a European paper manufacturer for a possible stake offer in Yash Papers. "A strategic investor is one of the options we are ... More

Biocon to make equity investments in Vaccinex of US
BIOCON Ltd has announced that it will invest in and work with Vaccinex Inc of the US to "discover and co-develop" at least four therapeutic antibody products. The company did not disclose the size of what is said to be a minority stake. The ... More

SPIC to hike stake in SPEL to over 50 pc
SPIC is increasing its stake in SPEL Semiconductor Ltd to over 50 per cent. In the process, SPEL will become a subsidiary of SPIC. SPIC has decided to invest Rs 36.80 crore in SPEL by way of subscription of 1.47 crore equity shares of Rs 10 ... More

Shareholders okay ITC Hotels merger plan
KOLKATA: The court-convened EGM of ITC Hotels Ltd as per the amalgamation scheme, proposing a merger with ITC Ltd, was held on Wednesday. The shareholders approved the scheme with an overwhelming majority. Similarly, the court-convened ... More

SKF opens application development centre
THE SKF Group opened its application development centre here on Thursday. While declining to reveal investments, company officials said the new centre would become a full-fledged R&D centre for the company over the coming year. Initially, the .. More

Shreya Life to step up manufacturing capacity
SHREYA Life Sciences plans to step up its manufacturing capacity, the Chairman, Mr Sujit Kumar Singh, said here on Thursday. The company would commence the setting up a manufacturing plant in Uttaranchal, in January, he said at a function to ... More

Revised exit scheme for defunct companies planned
THE Ministry of Company Affairs is contemplating bringing out a revised scheme for exit of non-functional or defunct companies, the Minister for Company Affairs, Mr Prem Chand Gupta, said at the Economic Editors' Conference here. In fact, ... More

`Next few years will see DaimlerChrysler on growth path'
DAIMLER Chrysler India's new Chairman designate, Mr Hans Heinrich Weingarten, the outgoing Chairman, Mr Helmut Petri, and the Managing Director and CEO, Mr Hans Michael Huber, could not ask for a better Christmas gift this year with the company ... More

Man-machine mismatch affects Jessop revival
MR PAWAN Ruia does not consider money or market to be the biggest barrier in the way of achieving his target of getting Jessop & Co's turnover to Rs 500 crore in five years from a meagre Rs 45 crore in 2003-04. What bothers him the most is the . More

Candico eyeing jt ventures in Nepal, Bangladesh, Africa
WHEN Candico announced plans to go global last month, it set itself apart as the only Indian confectionery firm that has survived the aggressive domestic market and dares to look overseas for growth. After charting a $6 million investment in ... More

Ghadiyar joins Dabur India
Dabur India Ltd on Thursday announced the appointment of Mr Nitin Ghadiyar as the Executive Director of its consumer healthcare business. "Dabur India has identified OTC as one of the growth drivers for the company and Mr Ghadiyar will lend his ... More

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