The Hindu Business Line : Thursday, January 31, 2002

Hindalco board okays buyback
THE board of directors of Hindalco Industries Ltd has approved a buyback of shares to the extent of 10 per cent of the company's share capital at a maximum price of Rs 825 per share. The total amount of funds to be deployed would be Rs 428.20 ... More

CORPORATE DISPUTES

BSNL seeks stay on Bharti's long-distance operations
BHARAT Sanchar Nigam Ltd (BSNL) has approached the Telecom Dispute Settlement Appellate Tribunal (TDSAT) seeking a stay on the national long distance operations of Bharti Telesonic Ltd (BTSOL) launched on January 26. According to official ... More

RESTRUCTURING

Microland pact to divest stake in Net Brahma
MICROLAND Ltd on Wednesday announced that it has signed a MoU to divest complete stake in its group company Net Brahma Technologies to Metro-Optix, a US-based telecommunications optical networking equipment provider for an undisclosed sum. ... More

MERGERS & ACQUISITIONS

PFC offers to pick up Rs 1,000-cr KPCL stake
POWER Finance Corporation (PFC) has offered to pick up an equity stake equivalent to Rs 1,000 crore in the State-owned Karnataka Power Corporation Ltd (KPCL). This offer would amount to a dilution of the State Government's stake in the KPCL. ... More

Piramal to buy BUPA's stake
PIRAMAL Enterprises is to buy out its 50 per cent stake in the joint venture company BUPA (British United Provident Association) Piramal Healthcare Ltd. According to a press release, the decision was jointly taken by BUPA and Piramal ... More

NEW PROJECTS

Infosys forays into testing space
SOFTWARE major Infosys Technologies Ltd has forayed into independent software-testing services. The company has recently set up a separate core group — InSolaTER (Infosys Software Labs for Text Execution and Research) for this new ... More

Binani Zinc plans Rs 35-cr expansion
BINANI Zinc, a division of Binani Industries Ltd, has drawn up plans for an 8,000-tonne capacity expansion by the end of 2003 with an investment of Rs 35 crore. Addressing a press conference here, Mr N. Mohan, President, said the capacity would ... More

MNC moolah for Bollywood masala
THE face of film financing in the country is set to change with the entry of the US-based Film Finances Inc. One of the largest issuers of `film completion bonds', the company has firmed up plans for an Indian presence. The arrival of the US ... More

ALLIANCES & JOINT VENTURES

Ranbaxy to get $15 m from Eli Lilly divorce
RANBAXY Laboratories Ltd (RLL) is slated to receive a total payment of $15 million from the US-based Eli Lilly and Company, following the final wrap-up of their mutual decision to part ways. According to an RLL communique, Ranbaxy ... More

OUTLOOK

Modi Revlon to take on Elle 18 with new brand
MODI Revlon, the 74:26 joint venture between Modi Mundi Pharma and Revlon of the US, finally seems to be getting its act together. Six years after it stepped into the Indian market, the cosmetics major has charted a plan to take on arch rivals, ... More

Scoreboard
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in

Infosys forays into testing space

VSNL cuts annual rental for bandwidth lease

Re loses 12 paise

SBI net goes up three-fold in Q3

Treasury operations sparkle for banks

Western cow vs Third World farmer

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Jan. 20-Jan. 26
Norsk to sell Utkal stake to Indal-Alcan