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Friday, January 25, 2002

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Glenmark's new molecule to go through trials
GLENMARK Pharmaceuticals Ltd today said its newly- found anti-diabetic/anti-obesity molecule will be put into clinical trials by later this year. Mr Glenn Saldanha, Executive Director, Glenmark Pharmaceuticals, told newspersons that the ... More

Navision to invest $8 m to boost marketing
NAVISION Software India Pvt Ltd is planning to invest about $8 million this year to strengthen its marketing set-up in the country. The investments would be in building partnerships and training 3,000 representatives of its solution centre ... More

  • It's now Tulip Aruna

    BUYBACK


    Heritage begins buyback process
    HYDERABAD: Heritage Foods (India) Ltd, which has decided to buy back its shares for providing an exit route to small shareholders, has announced the buy-back schedule. According to the company, the buyback from the open market starts ... More

    NEW PRODUCTS & SERVICES


    Corel launches IRIS in Kerala
    COREL Telecom, provider of telecommunications equipment, has launched its IRIS (Integrated Voice and Data Servicer) series of high-end EPABX systems in Kerala. IRIS is an indigenously designed switch capable of simultaneous switching of data ... More

    MERGERS & ACQUISITIONS


    HPCL okays Birla group plan to hike MRPL stake
    HINDUSTAN Petroleum Corporation Ltd has agreed to the A.V. Birla group's proposal to raise its equity in Mangalore Refineries and Petrochemicals Ltd (MRPL) to 51 per cent from the present 37.5 per cent. This will help the A.V. Birla group ... More

    UB-S&N team scouting for AP, Rajasthan buys
    ARMED with a war chest of Rs 300 crore, the domestic beer major, UB group, along with its strategic partner, Scottish & Newcastle (S&N), is on the prowl for brewery acquisitions in the crucial markets of Andhra Pradesh and Rajasthan. The ... More

    HC okays ITC merger plan
    THE Calcutta High Court has approved the proposal of amalgamation of ITC Bhadrachalam Paperboards Ltd with ITC Ltd. On December 7, 2001, a meeting of shareholders of ITC Ltd was held here to consider the proposal of amalgamation, when majority ... More

    Raymond keen on acquisitions
    HAVING acquired the entire equity stake in Regency Texteis Portuguesa Limitada - a Portugal-based garments company - for $3 million, Raymond Ltd has expressed its willingness to acquire more companies provided such acquisitions are consistent ... More

    NIIT acquires Click2learn assets
    NEW DELHI: NIIT Ltd said it would acquire the custom development business of the US-based Click2learn for $3 million as part of a strategic alliance between both the companies. ``NIIT will acquire Click2learn's current commercial ... More

    Tata Power: Hopeful on Dabhol
    TATA Power Company will look at the ``combined efforts'' with Gas Authority of India Ltd (GAIL) for acquiring Dabhol Power Company, after due diligence is completed, according to Mr Adi Engineer, Managing Director. ``GAIL and TPC have worked ... More

    NEW PROJECTS


    Suzuki seeks 100 pc arm for 2/3-wheelers
    WITHIN three months of exiting from a 15-year association with the TVS group, Japanese auto major Suzuki Motor Corporation has now sought the approval of the Foreign Investment Promotion Board (FIPB) to set up a manufacturing facility in India ... More

    Bharti's submarine cable project by March
    The $ 650-million project, being undertaken by SingTel and Bharti, will facilitate various data-centric applications for the growing telecom sector in India. More

    Zigma to invest Rs 105 cr for training centres
    THE Kolkata-based Zigma Software Ltd plans to invest Rs 105 crore over the next two years on setting up software development and training centres, educational institutions across the country and overseas acquisitions and forays. Zigma was ... More

    Isagro unveils Indian arm
    THE Isagro group, an Italy-based crop protection products company, on Thursday officially announced the formation of a new company called Isagro Asia, born from Isagro's acquisition late last year of the agri-chemicals division of RPG Life ... More

    RIGHTS ISSUES


    Maruti: Suzuki team coming on Jan 28 for rights talks
    THE top brass of Japan's Suzuki Motor Corporation (SMC) is expected to arrive here on January 28 to hold negotiations with the Union Government on the renunciation premium and control premium for the proposed Rs 400-crore rights offering in the ... More

    OUTLOOK


    VSNL set to lose 45-50 pc market share: Study
    VIDESH Sanchar Nigam Ltd will lose at least 45 to 50 per cent of its market share in international long distance telephony over the next three to four years, says a joint paper released by Crisil Advisory Services and PA Consulting ... More

    Tata Elxsi plans expansion
    TATA Elxsi Ltd, the technical computing arm of the Tata Group has charted a new strategy aiming to grow at 100 per cent in exports next financial year. The company has forayed into overseas market for the high-margins multimedia services, while ... More

    Wipro seen billing less from Lattice Group
    CONTRIBUTION from Lattice Group, Wipro's top client for the September quarter, is likely to dwindle in the March quarter of the current financial year, leading to talks on whether robust ramp-ups of certain projects could offset Lattice's ... More

    LG Electronics aiming for market leadership
    LG Electronics India Ltd (LGEIL) is targeting to emerge as a market leader in the frost-free refrigerator brand in the country during 2002. The company, which has achieved a 37 per cent growth in 2001 over the previous year, has chalked out a ... More


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  • Top Stories
    Suzuki seeks 100 pc arm for 2/3-wheelers


    VSNL set to lose 45-50 pc market share: Study

    TRAI okays Bharti's tariff plan

    SBI to recruit IT pros once arm gets okay

    Insat-3C launch successful

    Bank guarantee for box movement by domestic liners cut to 15 pc

    Tata Steel net down 73 pc at Rs 34.54 cr

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Jan. 13-Jan. 19
    Stanchart in alliance with Dept of Posts

    Hind Motors pins hopes on new Amby variants

    Motorola, HP may strike deals with Reliance Comm

    Tatas, Hughes call off talks for basic merger

    Moser Baer posts Rs 62-cr net in Q3, expects revenues to double

    Shaw Wallace brews more to feed TN market


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