Corporate
Nestle to launch butter?
THE Rs 400-crore table butter market is all set to see a new player -- Nestle India Ltd. The Rs 1,700-crore subsidiary of the Swiss multinational, Nestle S.A, is expected to launch its butter in the next two months, according to dairy industry sources.

Alden Prepress Services to expand operations soon
THE Chennai-based Alden Prepress Services Pvt Ltd (APPS), the wholly owned subsidiary of the Alden Group, UK, is set to expand its operations by mid-2002.

Grasim Ind seeks shareholders' nod to raise funds
GRASIM Industries Ltd is seeking shareholders' approval enabling it to raise up to Rs 200 crore during the current fiscal.

`HOCL hopes to break even in next 2 quarters'
THE loss-making Hindustan Organic Chemicals Ltd (HOCL) is in the process of achieving a turnaround and is expected to break-even within the next two quarters.

Pharmaceuticals
Abu Dhabi co, Ranbaxy in manufacturing pact
NEOPHARMA, the new pharmaceutical manufacturing facility coming up in Abu Dhabi, has an agreement with the Indian major Ranbaxy to manufacture antibiotic drugs and is also in serious discussions with Dr Reddy's Labs for technical collaboration.

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