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Friday, January 28, 2005

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CORPORATE

CORPORATE DISPUTES


Reliance Info shares allotted at discount to 3 more companies
THREE "unknown companies with unknown shareholders" have been allotted shares in Reliance Infocomm at a discounted price, according to fresh allegations today made by sources in the Reliance group. These allegations come on the heels of a ... More

OVERSEAS BORROWINGS


Tata Chem raises $150 m via FCCBs
TATA Chemicals Ltd has raised $150 million (around Rs 620 crore) through an issue of Foreign Currency Convertible Bonds. The issue was conducted on January 25 via the accelerated book built route with Citigroup, Merrill Lynch and Deutsche Bank ... More

COURTS/LEGAL ISSUES


Illegal routing dispute: HC asks BSNL to clarify stand on arbitration
THE Delhi High Court today asked Bharat Sanchar Nigam Ltd to clarify if it was interested in arbitration of its dispute with Reliance Infocomm over the alleged routing of international calls as local ones by the private telecom operator. ... More

ENVIRONMENT


Get tough with polluting units, Reddy tells PCB
The Chief Minister, however, cautioned the officials not to harass the industry in the name of checking pollution. More

MERGERS & ACQUISITIONS


Dabur buys 3 Balsara group cos for Rs 143 cr
DABUR India Ltd (DIL) has announced acquisition of three Balsara group companies for Rs 143 crore in an all-cash deal. This acquisition will give the company access to oral care brands of Balsara - Babool and Meswak - besides household ... More

Celebrity acquires Span Eicher Design for Rs 5 crore
CELEBRITY Fashions Ltd, apparel exporter to some of the big brands in the world and which owns the Indian Terrain menswear brand, has acquired Span Eicher Design from the Delhi-based Eicher group in a Rs 5 crore deal. Mr V. Rajagopal, MD, ... More

ALLIANCES & JOINT VENTURES


Lupin signs deal with Cornerstone to promote Suprax in US
LUPIN has tied up with Cornerstone BioPharma Inc to promote Suprax in the US. Suprax is Lupin's brand of the anti-infective drug cefixime. Lupin's sales-force in the US has been promoting this drug to paediatricians and the new deal seeks to ... More

Indian Immunologicals forms joint venture with US company for livestock breeding
INDIAN Immunologicals Ltd (IIL), the wholly owned subsidiary of National Dairy Development Board (NDDB), has entered into an agreement with Cooperative Resources International (CRI), the US-based largest cooperative breeding company, to provide ... More

OUTLOOK


Videocon group eyes $1-b global sales
WITH the acquisition of Thomson's colour picture tube plant in Italy, the Videocon group is looking at reaching international sales of $1 billion in three years time. According to Mr V.N. Dhoot, Chairman and Managing Director, Videocon Group, ... More

PERFORMANCE


GCC achieves Rs 112-crore sales turnover
THE Girijan Co-operative Corporation (GCC) here has achieved a sales turnover of Rs 112.16 crore by the end of December and will easily cross the annual turnover target of Rs 130 crore, according to Ms T. Ratna Bai, new chairperson. Ms Ratna ... More
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Top Stories
Trading in rupee options picking up


Dabur buys 3 Balsara group cos for Rs 143 cr

Indian Immunologicals forms joint venture with US company for livestock breeding

GE Shipping posts Rs 288-cr net in Q3

SAIL Q3 rises to Rs 1,514 cr — To pay 15% interim

Hexaware Q4 net up multi-fold

Vijaya Bank Q3 net down 49 pc

In Focus

BHEL Disinvestment
The Yuan 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
Jan. 16-Jan. 22
Cairn Energy to invest $200 m in developing new oil finds

Balrampur Chini plans Rs 200-cr expansion

Saudi Aramco may partner IOC to build crude reserves

ONGC to bid for refinery project in Equador

SWC liquor biz sale in limbo?

A380 may open new biz opportunities for HAL

SEBI mulls altering takeover code

Agrochem industry answers Jammu call


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