The Hindu Business Line : Tuesday, February 12, 2002

Schreiber to acquire 11 pc Britannia stake in Dynamix
THE US-based Schreiber International Inc has finalised plans to acquire Britannia Industries Ltd's (BIL) 11 per cent stake in the Baramati-based Dynamix Dairy Industries Ltd (DDIL). The move follows Britannia's decision to enter into a separate ... More

Intl. long-distance services -- DoT raises objections to VSNL-Bharti pact
THE national long-distance operations of the Bharti group seem to be jinxed from the start. Even while the Telecom Dispute Settlement Appellate Tribunal (TDSAT) has stayed the interim arrangement of sharing of STD calls on alternate days with ... More

Nalco ADR/GDR offering soon -- Divestment of 30 pc equity
THE Union Government will soon launch the process of offering 30 per cent of its equity in National Aluminium Company Ltd (Nalco) through an issue of American depository receipts (ADR)/global depository receipts (GDR), despite a general downturn ... More

Dabur to expand pharma business thru buys
DABUR India Ltd (DIL), taking a cue from the trends in the pharma segment, is set to grow its own pharma business through the acquisitions route. With its recent acquisition of Bioved's Artrex brand - comprising arthritis and rheumatoid ... More

Study portrays rosy future for colour TV segment
AS per the latest projections by the National Council of Applied Economic Research (NCAER), colour television sets (CTVs) will drive growth in the consumer durables segment over the next five years. The total demand for television sets per ... More

Arvind board okays debenture issue
THE board of directors of Arvind Mills Ltd, which met in Ahmedabad on Monday, approved the issue of up to 13 lakh secured optionally partly convertible debentures of Rs 500 each aggregating Rs 65 crore. This was against the issue of 10 lakh ... More

Coffee cartel closes shop
THE Association of Coffee Producing Countries (ACPC), a cartel of 15 nations that produces 70 per cent of the global coffee, has ceased to operate. The winding up of ACPC's operations comes at a time when India is trying to draw the world's ... More

Rly Board calls for modest fare hike
THE Railway Board has made out a case for a five to eight per cent increase in the passenger fares in the ensuing fiscal to reduce the cross subsidy between freight and passenger business, besides augmenting resources to finance the Annual Plan, ... More

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