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Sunday, March 24, 2002

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Positra SEZ financial closure soon
NEW DELHI: The Positra special economic zone (SEZ) is expected to achieve financial closure within two months, the Chairman, Sea King Infrastructure Ltd, Mr Nikhil Gandhi, has said. "The total investment envisaged is Rs 5,600 crore. ... More

BUYBACK


MNCs taking buyback `positions'
THE free market that should ideally increase choices for the investor seems to be proving otherwise. Investors feel liberal capital market rules are being exploited by multinationals to consolidate their "positions''. This is evident in the ... More

PREFERENTIAL ALLOTMENTS


Moschip finalises preferential offer
WITH two Nasdaq-listed companies set to acquire stake in the Hyderabad-based Moschip Semiconductor Technology Ltd, a fabless semiconductor company, Moschip has finalised a preferential offer. To facilitate this, Moschip has convened an ... More

RESTRUCTURING


Bata India board to mull rejig
MUMBAI: Bata India Ltd's board will consider restructuring of its business operations in the March 29 meeting. The board would also consider recommendation of dividend, the Kolkata-based company has informed the Bombay Stock Exchange. ... More

MERGERS & ACQUISITIONS


Forum seeks exit route for ICICI shareholders
THE Investors' Grievances Forum (IGF) has demanded that ICICI Ltd shareholders be provided an exit route in the merger process with ICICI Bank. Mr Kirit Somaiya, Member of Parliament and President, IGF, told newspersons here that the ICICI ... More

SAIL, NTPC sign shareholder pact for Bhilai Electric
STEEL Authority of India Ltd (SAIL) has signed a shareholder's agreement with the National Thermal Power Corporation (NTPC) for transfer of shares and management of Bhilai Electric Supply Company Ltd (BESCL). BESCL was incorporated as a ... More

NEW PROJECTS


Lanco lines up Rs 400-cr investment in power sector
LANCO Green Energy Corporation Ltd, a part of the Hyderabad-based Rs 1,500-crore Lanco group, is currently on the verge of achieving financial closure for four of its subsidiaries which are setting up non-conventional power projects in various ... More

REGULATORY BODIES & RULINGS


Ranbaxy absolved of price manipulation
THE Monopolies & Restrictive Trade Practices Commission (MRTPC) has absolved Ranbaxy Laboratories Ltd of the charges of manipulating prices of its products. While disposing of the application filed by the Director General (Investigation & ... More

TRADE & LABOUR UNIONS


AITUC writes to ILO on Jessop union leader issue
THE All-India Trade Union Congress (AITUC) has written to the International Labour Organisation drawing its attention to the action taken by the Centre against one of the trade union leaders of Jessop. Mr Alok Brahmachari, who was spearheading ... More

NEW PRODUCTS & SERVICES


AMP Sanmar starts operations
BANGALORE: AMP Sanmar Assurance launched operations in Karnataka on Saturday. Speaking at the launch, Mr S.V. Mony, CEO, said the life venture, which had targeted annualised premiums of Rs 19 to 20 crore for the year, would be ... More
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