The Hindu Business Line : Saturday, February 02, 2002

Dr Reddy's contests drug ruling in US
CLOSE on the heels of the expiry of 180-day marketing exclusivity for Fluoxetine 40mg capsules in the US generics market, Dr Reddy's Laboratories Ltd has filed a complaint against the United States Food and Drugs Administration (USFDA), seeking ... More

DVC chalks out upgrade plan
DAMODAR Valley Corporation (DVC) has chalked out a Rs 1,363.6-crore renovation and modernisation (R&M) plan for restoring the original capacity of its old units, and extending their life by another 15 years. DVC sources told Business Line ... More

PREFERENTIAL ALLOTMENTS

Shareholders okay Tele Data pref issue
CHENNAI: The Chennai-based Tele Data Informatics Ltd has obtained shareholder approval for its proposed issue of 11.35 lakh equity shares of Rs 10 each at a premium of Re 1 per share on a preferential basis to Net Tracking Solutions, Inc, ... More

CORPORATE DISPUTES

Herbertsons issue -- Mallya, Chhabria may bury hatchet
THE protracted battle between Mr Vijay Mallya and Mr Kishore Chhabria over management control of Herbertsons Ltd, producer of the Bagpiper brand of whisky and rum, seems to be drawing to an amicable close because both believe that they have been ... More

Conflicting signals on Dabhol pact
THERE were conflicting signals on Friday about the status of the confidentiality agreement for the due diligence of Dabhol Power Company (DPC). While Mr P.P. Vora, Chairman and Managing Director of IDBI, told newspersons that three prospective ... More

Keskar proposal may be accepted
THE Centre is set to accept a fresh proposal submitted by the Dr Ajit Keskar promoted Tulip Hospitality Services Ltd (THSL) to increase the bank guarantee amount from Rs 5 crore to Rs 41 crore for acquiring the Juhu Centaur hotel in ... More

NEW PROJECTS

Arena plans more animation centres
ARENA Multimedia, the multimedia education wing of Aptech Training Ltd, has outlined plans to augment the number of Arena Animation Academy (AAA) centres across the country and in select nations abroad from the present 15 to 50 by August this ... More

Jaypee Cement launches new unit
NEW DELHI: Jaypee Cement Ltd has commissioned a new six-lakh tonne per annum blending and packaging unit at Sadva Khurd near Allahabad. The Jaiprakash Industries Ltd Executive Vice-President (Commercial), Mr Rahul Kumar, said the ... More

ALLIANCES & JOINT VENTURES

Tata Power signs pact with PowerGrid for Tala project
TATA Power Company Ltd (TPC) and PowerGrid Corporation of India Ltd (PGCIL) today signed a formal joint venture agreement for executing the 400 kV inter-State Tala transmission project. The Rs 1,100-crore project involves setting up 1,200 km of ... More

OUTLOOK

No dividends in the near-term -- Bharti offers investors value appreciation
THE Bharti group thinks differently when it comes to rewarding its investors. It is not really in favour of providing returns on investments by way of dividend income, which most retail investors would wish for. Rather, the Bharti group feels ... More

Rallis India back in the black
RALLIS India is looking at diversification of its product range as well as its geographical reach to propel topline growth, Mr Rajeev Dubey, CEO and Executive Director, has said. In the third quarter, Rallis reported a net profit of Rs 7.28 ... More

Nucleus hopeful of revenue targets
CHENNAI: The New Delhi-based Nucleus Software Exports on Thursday said that it was on track to achieving its target of Rs 70 crore revenue for the year ending March 2002. Addressing presspersons, the Managing Director of Nucleus ... More

PERFORMANCE

RIL units' operating rate at 104 pc
MUMBAI: Reliance Industries has reported an overall operating rate of 104 per cent for all major plants during the nine months ended December 31. The operating rates for polymers, polyester and fibre intermediates were 106, 97 and 108 ... More

TVS Motor motorcycle sales up 40 pc
TVS Motor Co Ltd on Friday said that sales grew by 10 per cent in December 2001 over December 2000, while motorcycle sales alone grew by 40 per cent. The company sold 73,259 two-wheelers in December 2001 against 66,319 units the previous ... More

Bajaj Auto sales volume up 30 pc
BAJAJ Auto Ltd (BAL) on Friday reported a 30 per cent rise in sales volume for January this year, as against the corresponding year ago level, an official statement said. Motorcycle sales were up by 91 per cent during the period, giving the ... More

Hero Honda Jan sales up 51.73 pc
HERO Honda Motors Ltd, the country's largest two-wheeler company in terms of turnover and sales, sold 1,37,119 motorcycles in January, a 51.73-per cent year-on-year rise, according to a company official. In January 2001, Hero Honda had sold ... More

INVESTOR PROTECTION

Investor plaints
NEW DELHI: The Investors' Protection Cell in the Department of Company Affairs (DCA) has settled 144 complaints of investors in December 2001. All the complaints belonged to individual investors. During December, the Regional Bench of ... More

PEOPLE

Joseph Kennedy joins i-flex Board
MUMBAI: i-flex Solutions Ltd has appointed Mr Joseph P. Kennedy II on its Board of Directors. Mr Kennedy, a former US Congressman and House banking committee member and sub-committee chairman, currently serves as the Chairman and ... More

Scoreboard
SE Diary

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

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In Depth
Inside Kashmir

Guide to derivatives

US-64

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