The Hindu Business Line : Wednesday, September 14, 2005

Kothari Sugars settles dues to lenders
KOTHARI Sugars and Chemicals Ltd has paid Rs 85.60 crore to its lenders to settle its dues to the institutions. The Chennai Debts Recovery Tribunal - I facilitated the compromise settlement between the company and its lenders. According to a ... More

TVS Motor launches 2 motorcycle variants
TWO-Wheeler major TVS Motor Company Ltd is looking at a revenue growth of 15-20 per cent this fiscal. In 2004-05, the company notched revenues of Rs 2,900 crore. Mr Prasad Narasimhan, Vice-President in-charge of Marketing of TVS Motors, was ... More

Asianet to set up digital head end in Kochi
ASIANET Satellite Communications will be commissioning a world-class digital head end at Kochi shortly. According to Mr V. Ramanathan, Senior Manager (Marketing and Customer Care), this will benchmark the integrated services provider with ... More

Finolex to foray into electrical switches
AFTER establishing its leadership in the cables industry, the Rs 650-crore Finolex Cables Ltd has decided to expand its product basket and transform itself into an electrical equipment company. As a first step in this direction, the company ... More

Lupin drug gets US nod
MUMBAI: Lupin Ltd has got regulatory approval in the US for its Lisinopril, used to lower blood pressure and treat heart failures. Astra Zeneca is the original patent holder of the drug, sold under the Zestril brandname. Lupin has got ... More

OVERSEAS BORROWINGS

PSL raises $40 m through FCCB issue
PSL Ltd, a steel pipe manufacturing company, has announced that it has raised $40-million zero-coupon convertible bonds through FCCB route. The bonds have been listed on the Singapore Stock Exchange. The lead manager to the issue is Deutsche ... More

Indus Networks plans $7-m GDR issue
INDUS Networks Ltd has informed the BSE that it has decided to increase the authorised capital and issue Global Depository Receipts (GDRs) worth $7 million. At a meeting held on August 30, the company board passed a resolution to increase the ... More

Nod for Suven's global offering
HYDERABAD: The shareholders of Suven Life Sciences Ltd (SLSL) at the AGM on Monday approved the enabling resolution to issue FCCBs, ADRs, GDRs, or other debt instruments or securities for an amount not exceeding $25 million. In a ... More

Deccan Chronicle FCCB offering
HYDERABAD: Deccan Chronicle Holdings Ltd has launched a $54.02-million foreign currency convertible bonds (FCCBs) offering. The company informed the stock exchanges that the FCCBs would be listed on the Singapore Stock Exchange. The ... More

MERGERS & ACQUISITIONS

Goldman ups holding in Suven
HYDERABAD: Suven Life Sciences Ltd has informed the stock exchanges that Goldman Sachs Investments (Mauritius) Ltd has acquired 5,47,822 shares aggregating 2.19 per cent of the total share capital of the company between January 6 and ... More

NEW PROJECTS

Flextronics to set up Rs 450-cr facility in TN
FLEXTRONICS is all set to invest about Rs 450 crore ($100 million) in a manufacturing facility at Sriperumbudur, near Chennai. The Tamil Nadu Cabinet today approved a package of incentives that included requesting the Centre to accord the ... More

Suryajyoti Spinning's plans
HYDERABAD: Suryajyoti Spinning Mills Ltd (SSML) has unveiled major expansion plans involving Rs 195 crore investment for its production facilities in Andhra Pradesh. In a communiqué to stock exchanges, the company said that in phase-I ... More

OVERSEAS INVESTMENTS

Ranbaxy enters Italy thru' 100 pc arm
SPREADING itself in the European Union (EU), Ranbaxy Laboratories Ltd has forayed into the Italian market through its wholly owned subsidiary, Ranbaxy Italia S.P.A. This is part of the company's organic growth strategy. It will be introducing ... More

ALLIANCES & JOINT VENTURES

NBCC signs pact with ONGC
NATIONAL Buildings Construction Corporation has signed a memorandum of understanding with ONGC for the construction of Green, Energy Efficient and Barrier Free Office buildings in New Delhi and Mumbai, entailing a value of about Rs 400 ... More

Titan Energy enters joint venture to make lead-free solar battery
TITAN Energy Systems Ltd on Tuesday entered into a joint venture with Austrian company EN-O-DE and German company Blitzstrom GmbH for the manufacture of lead-free solar batteries in India. All three companies would have equal stake in the ... More

Chennai desalination project: Pact with IVRCL signed
THE Chennai Metropolitan Water Supply and Sewerage Board (Metrowater) on Tuesday signed a bulk water purchase agreement with IVRCL Infrastructures & Projects Ltd, a Hyderabad-based infrastructure company that has bagged the contract to construct More

SICK UNITS

FACT revival package to be discussed on Sept 19
THE Board for Reconstruction of Public Sector Enterprises (BRPSE) is expected to take up for discussion the revival package issue of the ailing central public sector, Fertilisers and Chemicals Travancore Ltd (FACT) at its meeting on September ... More

OUTLOOK

ONGC sees prospects in crisis management
ONGC seems to be smelling money in adversity. Capitalising on its success in crisis management during recent fire at Mumbai High North (MHN) offshore platform and the on-shore exploration rig at Pasarlapudi in Rajahmundry, ONGC is now exploring ... More

BHEL Tiruchi may get Rs 475 cr for expansion
To achieve the targeted turnover, the Executive Director says, it is necessary to focus on three issues — capacity increase, market building and capability creation. More

PEOPLE

T.R Prasad joins Suven Life board
SUVEN Life Sciences Ltd has announced that Mr T.R. Prasad, former Union Cabinet Secretary, has joined its board on Monday as an independent director. In a press release here on Tuesday, the company said Mr Prasad, IAS, holds a Master's degree ... More

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