The Hindu Business Line : Saturday, February 09, 2002

CESC challenges move of power regulatory body
CESC Ltd has filed an appeal before Mr Justice Samaresh Banerjea and Mr Justice Indira Banerjee of the Calcutta High Court, challenging the action of the West Bengal Electricity Regulatory Commission (ERC), a body set up by the West Bengal ... More

NEW PRODUCTS & SERVICES

Aurobindo launches Cefpirome
AUROBINDO Pharma Ltd, the Rs 1,000-crore pharma major and one of the largest global players in cephalosporins, has announced the launch of its latest drug, Cefpirome, a fourth generation broad spectrum injectable cephalosporin. The company, in ... More

MERGERS & ACQUISITIONS

Zuari-Chambal bids for Paradeep Phos
Most of the contenders appear to have quit the race for PPL despite an assurance from the Government that it will clean up the balance sheet of the company. More

Chhabrias to up overseas stake in Falcon
THE Dubai-based M.R.Chhabria group has decided to increase the overseas holding in Falcon Tyres Ltd to 100 per cent of the issued and paid-up equity capital of the company. The group currently holds around 78 per cent stake in it. Jumbo World ... More

SPIC still keen on Mangalore Chem
SOUTHERN Petrochemical Industries Corporation (SPIC) has confirmed that it is still interested in acquiring Mangalore Chemicals and Fertilisers Ltd (MCF), a Vijay Mallya group company. "We are interested in buying, he (Mr Mallya) is interested ... More

Bumps on the merger route
TODAY, the buzzword across industries around the globe is `restructuring'. In India, too, several companies are entering into mergers to become globally competitive. Thanks to the economic liberalisation, the Government has offered opportunities ... More

IOC signs pact for IBP
INDIAN Oil Corporation Ltd (IOC) on Friday signed the share purchase agreement for acquiring strategic control over IBP Co Ltd from the Government. The agreement was signed between IOC and IBP here in the presence of senior officials from the ... More

Tatas open offer for VSNL at Rs 202
THE Tata group today announced an open offer for 20 per cent of the equity share capital of Videsh Sanchar Nigam Ltd (VSNL) at Rs 202 per share. The offer follows the Tatas acquiring 25 per cent Government stake in VSNL through the bidding ... More

More mergers, acquisitions on cards in IT sector
"INDIAN IT companies should move into the space of the global majors as they move into ours,'' was the message delivered by the Executive Vice-President of Tata Consultancy Services, Mr Mahesh Bhandari. Speaking in the Nasscom 2002 seminar on ... More

Alstom board to discuss merger

NEW PROJECTS

InfoUSA in India
NEW DELHI: InfoUSA, provider of database information for sales and marketing in the US, has announced plans to enter India shortly. The company sees an immediate opportunity to outsource some of the US call-centre operations to India. ... More

Boston Software to expand operations
THE Boston Group, which specialises in e-learning technologies supporting online framework, has drawn up plans to ramp up India operations. The Country Manager of the Boston Software, a 100-per cent subsidiary of the Boston Group, Mr S. Vinod ... More

ALLIANCES & JOINT VENTURES

Satyam, Sagent team up for business solutions
SATYAM Computer Services Ltd, and Sagent, a provider of enterprise business intelligence solutions, have announced their combined initiative to provide enterprise applications solutions. Sagent will leverage Satyam's application development ... More

Simplex drops plan for venture with Ho Hup
DESPITE winning a major highway project, construction major Simplex Concrete Piles (India) Ltd has dropped the idea of floating a joint venture limited company with Malaysian firm Ho Hup Construction Berhad. It says it is comfortable with its ... More

HCL Tech forges alliance with Answerthink
HCL Technologies Ltd, India's fifth largest software exporter, has formed a joint venture with US-based Answerthink to boost outsourcing from its development centres in India, the firm said in a statement. Answerthink was likely to bring to the ... More

Incois, TCS ink pact
THE Indian National Centre for Ocean Information Services (Incois) has entered into an agreement with Tata Consultancy Services for the development of an online solution to facilitate the former to offer Web-based services. This mandate covers ... More

SICK UNITS

Kerala to appeal to AAIFR on Trayons issue
FOLLOWING the decision of the Board for Industrial and Financial Reconstruction (BIFR) to wind up the ailing Travancore Rayons Ltd (Trayons) at nearby Perumbavoor, the Kerala Government is to appeal to the Appellate Authority for Industrial and ... More

Eastern Coalfields chalks out survival strategy -- To cut manpower by 23,000
THE management of Eastern Coalfields Ltd (ECL) has prepared a plan for survival and eventual revival of the ailing ECL, which is currently under the purview of the Board for Industrial and Financial Reconstruction (BIFR) as a sick company. The ... More

PERFORMANCE

Pay hike puts paid to DSP's net profit hopes
DURGAPUR Steel Plant's (DSP) hopes of making a net profit this fiscal have been dashed, thanks to the impact of the pay revision. Sources told Business Line that in a full year, the impact of the pay revision was around Rs 70 crore. The ... More

PEOPLE

Where is `Mark the shark?'
EVEN as Mumbaikars track with bemusement the vicissitudes of Enron Corporation, a question lurks at the back of their mind: Where is Ms Rebecca P. Mark, former Enron Director and head of the company's international gas and power operations, who ... More

Oriflame appoints new director

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Zuari-Chambal bids for Paradeep Phos

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