Corporate
Work at TTP suspended `indefinitely'
THIRUVANANTHAPURAM: The management of the public-sector Travancore Titanium Products Ltd (TTP), a major manufacturer of anatase grade titanium dioxide, has announced that works at the plant were being suspended ``for an indefinite period'' after several
rounds of parleys failed to throw up a solution to the fortnight-old stand-off triggered by sustained protests over pollution caused by effluents from the plant.
Nile refusal to transfer shares to GMM upheld
THE Company Law Board (CLB), Southern Region, Bench has upheld the refusal of Nile Ltd to transfer the Gujarat Machinery Manufacturers Ltd's (GMM) acquisition of the company's shares.
Tata Electric's pricing strategy unfair: BSES
THE Mumbai-based power company, BSES Ltd, has said Tata Electric Companies (TEC) is adopting an unfair pricing strategy which is affecting its bottomline.
Early revival package for Dunlop unlikely
CHANCES of an early BIFR-approved revival package for the ailing Dunlop India Ltd (DIL) is not in sight, with commercial banks jointly refusing to accept any package which will not ensure 100 per cent repayment of their outstanding loans given to DIL as
working capital.
CII `Quality Summit' in Bangalore
THE Chief Minister of Karnataka, Mr S.M. Krishna, is to inaugurate CIIs three-day eighth `Quality Summit' in Bangalore on November 16, while the Minister for Power, Mr Suresh Prabhu, will deliver the valedictory address on November 18.
Santi Arts bags US award
Santi Arts, the Andhra Pradesh-based company into the production of high quality screen printed advertising material, has won second prize in the prestigious Golden Image Awards, announced in the US by the Screen Printing Graphic Imaging Association Inte
rnational.
Arthur Andersen to advise SHCIL on Vision 2003
THE Stock Holding Corporation of India Ltd (SHCIL) has appointed Arthur Andersen recently to advise it on Vision 2003, that is, what SHCIL should be doing in the next few years, so that it remains a profitable organisation.
Financial Performance
Web Development H1 turnover, profit up
WEB Development Company Pvt Ltd, a city-based internet solutions provider, registered a 307 per cent increase in turnover and 234 per cent in profit before tax for the six months ended September 30 this fiscal year, as against the same period of 1999-200
0.
Information Technology
ITC Info bags IT.Com award
CALCUTTA: ITC's wholly-owned subsidiary, ITC Infotech India Ltd, was adjudged the best designed stall from among 356 participants at the five-day Bangalore IT.Com 2000, which was organised by Electronics City Industries' Association, US Department of Com
merce. -- Our Bureau
PSU
Raw material scarcity hits Travancore Cements
TRAVANCORE Cements Ltd, which produces white cement from `lime shell', has stopped production due to the non availability of raw material.
Pharmaceuticals
Glenmark Pharma launches new R&D initiative
GLENMARK Pharmaceuticals Ltd (GPL), which specialises in drugs for ailments relating to dermatology, cough, respiratory problems, gynaecology and pediatrics, has initiated fresh R&D activities in the areas of metabolic disorders, diabetes, pain, inflamma
tion, asthma and obesity for new chemical entities.
Stocks
Draw up HRD plan to recruit pros, Govt tells SEBI
THE Government has told the Securities and Exchange Board of India (SEBI) to evolve a policy to recruit professionals who have experience of working in the capital markets to improve policing of the markets.
