Financial Daily from THE HINDU group of publications
Wednesday, March 20, 2002
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Financial Daily from THE HINDU group of publications Wednesday, March 20, 2002 |
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CORPORATE ANNOUNCEMENTS Reliance hikes polymer prices RELIANCE Industries Ltd has increased polymer prices by Rs 2 per kg effective March 18. Polyethylene costs Rs 41 per kg as against Rs 39 on March 1. Polypropylene is at Rs 41.25 per kg (Rs 39.25) while polyvinyl chloride is at Rs 38.05 per kg ... More
Alfa Laval arm to make butterfly valves soon PREFERENTIAL ALLOTMENTS Pref allotment: JIL EGM on March 21 JAIPRAKASH Industries Ltd (JIL) has convened an extraordinary general meeting of its shareholders on March 21 to seek approval for a preferential allotment of 1,18,34,560 equity shares to Jaypee Ventures at Rs 35.85 per share. Simultaneously, ... More CORPORATE DISPUTES Ban on Bajoria unjustified: SAT THE Securities Appellate Tribunal (SAT) on Tuesday said that a SEBI order debarring the Kolkata-based businessman, Mr Arun Kumar Bajoria, from accessing the capital market and dealing in securities was unjustified. The capital market regulator ... More CORPORATE BONDS 
Krishna Bhagya bonds issue for Rs 350 crKRISHNA Bhagya Jala Nigam Ltd (KBJNL) is entering the capital market with a public issue of secured redeemable non-convertible bonds in the nature of debentures of Rs 5,000 each aggregating Rs 350 crore for cash at par. The bond is at an ... More RESTRUCTURING 3 Aurobindo Pharma directors step down IN a restructuring exercise, three Directors of the board of Aurobindo Pharma have stepped down. The move is in keeping with the company's efforts to comply with the corporate governance norms pertaining to the composition of the board. Mr ... More MERGERS & ACQUISITIONS Consolidation among MFs: Time to tread cautiously WITH both the Pioneer Group and ITI set to sell their respective equity stakes in Pioneer ITI AMC to Templeton, the wheel appears to have turned full circle for foreign investment management companies testing the waters in India. Several of ... More
Bharti picks up Telia stake for $60 m
Templeton, 2nd largest
Brindavan open to picking up stake in Coca-Cola NEW PROJECTS NextLinx plans to invest $10 m in Indian operations THE US-based NextLinx Corporation, the global trade management solutions provider is planning to invest $10 million in the next 18 months in expanding the operations of its Indian subsidiary NextLinx India. The company expects to move its ... More
Brindavan Beverages invests Rs 6.5 cr in new PET line REGULATORY BODIES & RULINGS FDA clearance for Ranbaxy's Midazolam syrup RANBAXY Pharmaceuticals Inc (RPI) has received US-FDA approval to market its Midazolam Hydrochloride syrup. The syrup is indicated for use in paediatric patients for sedation, anxiolysis and amnesia in a monitored environment. The approval was ... More ALLIANCES & JOINT VENTURES 3 Taiwan cos plan Rs 876-cr display tube unit in Rajasthan Bridge Information, Access Technology and Winny Electron Enterprise will invest Rs 356.6 crore for 100-per cent equity participation in the Rs 876-crore project. More
SWC pact with New India Breweries
Tata SSL scouting for more global tie-ups INTERVIEW `Ador Powertron has no immediate plans for IPO' The company is expecting to notch a turnover of around Rs 18 crore by March 2002 and the profit before tax is expected to be anywhere between five and eight per cent of the turnover. More EVENTS `Keep to the core to sustain success' THE Chairman of the Organisational Behaviour Unit and Professor, Business Administration, Harvard Business School, Prof Nitin Nohria, has identified four fundamental practices that leading corporates must follow in order to sustain success. In ... More SICK UNITS BIFR to hear Jessop on April 30 If approved, this would perhaps be the first case of a revival scheme being cleared by BIFR which involves change of management of a sick PSUthrough the induction of a strategic partner identified by the Government through competitive bidding. More
Revised plan for Trayons revival OUTLOOK HPL eyes Rs 2,500-cr turnover WITH improved global polymer market conditions, Haldia Petrochemicals Ltd (HPL) expects to achieve an annual turnover of Rs 2,500 crore this fiscal — its first year of commercial production. A HPL release issued today said that sales were ... More
PERFORMANCE Aventis CropScience sales up 95% MUMBAI: Aventis CropScience has achieved sales of Rs 466 crore for 2001, which is higher by 95 per cent over the previous year. "Growth came from the range of insecticides on account of good season in the Northern and Western markets, a ... More
PEOPLE Business Ethics award for N. Ram XLRI Jamshedpur's J.R.D. Tata award for Business Ethics will be conferred on Mr N. Ram, Editor of Business Line, Frontline and The Sportstar, according to a press release from the institute. Mr Ram, who has been in the ... More
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Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Mar. 10-Mar. 16 Interim dividend revocation: The debate continues Dividend tax stays: Sinha Foreign cos face tough action on tax defaults -- Assets abroad targeted for recovery of dues MTNL may take stake in Sri Lanka Telecom Mauritius company to buy Hind Lever seed business Britannia gets nod for hiving off dairy business |
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