Cogentrix quits; CLP stays, to have Indian partner
COGENTRIX has formally opted out of the vexed Mangalore power project. Its partner, CLP Power International (formerly China Light & Power International), which is now left with the designated lead promoter's 50 per cent stake too in Mangalore Power Co (M PC), says it will execute the 1,000-MW project with an Indian partner, to be finalised in the next two weeks.

Sanmar Properties shares for Chemplast shareholders
THE shareholders of Chemplast Sanmar Ltd are to be offered shares of Sanmar Properties and Investments Ltd (SPIL), the exchange ratio for which is being worked out, Mr. N. Sankar, Chairman, Chemplast told Business Line.

Monitoring mineral water a grey area
HOW safe are those ubiquitous mineral water bottles from which one tends to guzzle water, blissfully oblivious about the lack of hygiene standards for bottled water in the country ? And even as a myriad mineral water brands battle for shelf-space, the is sue of its monitoring remains a grey area with government agencies.

Corporation Bank Q3 net rises 29 pc
CORPORATION Bank has reported a 29 per cent increase in its net profit at Rs. 65.68 crores for the third quarter ended December 31, 1999 as compared to Rs. 50.86 crores in the year-ago period.

Aurobindo Pharma declares 1:1 bonus
THE board of directors of Aurobindo Pharma Ltd (APL) today decided to issue bonus shares in the ratio of 1:1. The last bonus, also in the ratio of 1:1, was made in November 1998.

Fresh equity issue from DSQ Software
DSQ Software Ltd will issue 30 lakh fresh shares as per the price stipulated by SEBI guidelines, and these shares will be privately placed with ``strategic companies which will add value to the company's sales'', according to a company statement.

Page One | Index | Home

Investment World

News Update

Brand Quest

Canvas


Praxis

Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line.