The Hindu Business Line : Tuesday, June 21, 2005

Kanda Motors to launch more 2-wheeler models
LAST year, a Pune-based entrepreneur, Mr R.S. Kanda, entered the already crowded two-wheeler segment with his Thunder 100 motorbike. One-and-a-half years down the line, he has sold 500 bikes in Maharashtra without a two-wheeler loan ... More

Ambani brothers' gesture
BOTH the Ambani brothers today wrote e-mails bidding farewell to the employees of the respective companies whose chairmanship they were relinquishing. The Chairman of Reliance Infocomm, Mr Mukesh Ambani, who will soon relinquish his position ... More

CORPORATE DISPUTES

Settlement to benefit shareholders: Kampani
THE splitting up of the Reliance empire between the two brothers Mr Mukesh and Mr Anil Ambani would be beneficial for shareholders, the Chairman of JM Financial, Mr Nimesh Kampani, said here today. Mr Kampani, who helped in carrying out the ... More

Natco challenges Novartis' patent on anti-cancer drug
NATCO Pharma Ltd (NPL) has filed an opposition to the patent claim made by Novartis India Ltd for an anti-cancer drug (Imatinib Mesylate) with the Controller of Patents. The Hyderabad-based Natco said the move was to curb a widely prevailing ... More

Within patent regime ambit: Novartis
MUMBAI: The pre-grant opposition filed by Natco against Novartis' patent application for its blood cancer drug is within the ambit of the new patent regime, said Mr Ranjit Shahani, Vice-Chairman and Managing Director of Novartis India. ... More

OVERSEAS BORROWINGS

Govt may seek GDR end-use details from Morepen
THE $15.5-million global depositary receipts raised by Morepen Laboratories Ltd in 2003 may yet again become an issue with the Government likely to seek details from the company on the end-use of the funds. The company had raised the money to ... More

BILT launches $60-m FCCB issue
BALLARPUR Industries Ltd (BILT) said today that it has launched a $60-million foreign currency convertible bond offering. The bonds are expected to be listed on the Singapore Stock Exchange and bondholders have an option of converting them to ... More

COURTS/LEGAL ISSUES

HC likely to finalise Standard Motors' property sale issue
THE long-delayed sale of the movable and immovable properties of the closed light vehicle factory of Standard Motor Products of India Ltd at Perungalathur, near Chennai, is likely to come through in the next few days. The Madras High Court is ... More

Two firms get HC order to recover monies from HMA
THE Chennai-based SSI Ltd has obtained an order from the Madras High Court that will help it recover Rs 4.36 crore from HMA Data Systems Ltd. SSI had paid this amount as part of a letter of intent it signed in April 2000 with HMA Data Systems ... More

MANAGEMENT

ICAR management programme in Hyderabad
HYDERABAD: Dr S.P. Tiwari, Director of NAARM (National Academy of Agricultural Research Management) has said that management of change is necessary in order to cope with emerging needs and also to remain relevant. He was addressing at ... More

MERGERS & ACQUISITIONS

Bengal bars Haldia Petro from taking part in Basell acquisition
THE West Bengal Government will not permit Haldia Petrochemicals Ltd to participate in the TCG- (The Chatterjee Group) led global consortium for the acquisition of the Amsterdam-based Basell NV as long as it remains a shareholder of the ... More

OUTLOOK

Venus bets on new combination drugs
FOR a low-profile company from Chandigarh, Venus Remedies Ltd certainly seems to have caught the interest of industry-watchers. The estimated Rs 34-crore company is looking to notch up sales of Rs 100 crore this year on the back of a pipeline ... More

New Holland Tractors to launch two new models this year
NEW Holland Tractors (India) Pvt Ltd plans to introduce two tractors this year, taking its total tractor models to six. The company hopes to sell 14,000 tractors in 2005, against 10,000 it sold last year. According to Mr D.K. Dhamija, ... More

PEOPLE

Alex Kuruvilla quits as chief of MTV India
THE Managing Director of MTV Networks India (MTVN India) and Executive Vice-President of MTV Networks Asia, Mr Alex Kuruvilla, has announced his decision to move on from the company after an action-packed six years. He joined the company in ... More

Schuster quits Skoda
NEW DELHI: Mr Helmuth Schuster, head of the Volkswagen project in India, and responsible for human resources at the Skoda Auto Company, has quit with effect from June 15. Skoda said in a statement that his successor would be appointed ... More

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Govt may seek GDR end-use details from Morepen

Petro subsidies: Flawed basis

Use of disinvestment proceeds — Throwing good money after bad?

Settlement to benefit shareholders: Kampani

IOB chief raises growth target

Singapore-India pact: A `win-win' settlement

IDFC proposal among FDI worth Rs 484 cr cleared

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BHEL Disinvestment