Financial Daily from THE HINDU group of publications
Saturday, May 25, 2002
Markets (May 24)
BL 2501123.97 (+38.01)
BSE Sensex3255.62 (+141.57)
S&P CNX Nifty1067 (+40.25)
Dollar (Buy/Sell)48.95/49.08
Gold Std (10 gm)5315 (+45)

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CORPORATE

PRIVATE PLACEMENT


APMDC keen on pvt investment
The Andhra Pradesh Mineral Development Corporation was intent on promoting joint ventures for the processing of heavy mineral beach sands at Bhimili in Vizianagaram district and Kalingapatnam in Srikakulam district, according to its CMD, Dr Priyadar shi Dash. More

IPR


Augmentin patents: Ranbaxy guarded
EVEN as the markets are agog with the opportunity that may open up for generic versions of GlaxoSmithKline's drug Augmentin, Ranbaxy, one of the company's on whom the spotlight falls, prefers to watch developments before charting its ... More

MERGERS & ACQUISITIONS


Significant M&A activity in offing: A.T. Kearney survey
WITH globalisation gradually taking firm roots in India through reform measures being implemented by the Government at a "sustainable'' pace which, by its own admission, is slow on account of the "human face'', mergers and acquisitions (M&As) in ... More

US fund to acquire 49.4% in Jain Irrigation Systems
CAUGHT between severe liquidity crunch and mounting pressure from the banks and financial institutions to immediately clear overdue liabilities, Jain Irrigation Systems Ltd (JISL) has decided to raise funds by way of offering majority equity ... More

NEW PROJECTS


Usha Beltron plans sponge iron unit
USHA Beltron Ltd (UBL) has unveiled plans to set up a sponge iron plant as a backward integration project in Jamshedpur at an estimated cost of Rs 75 crore. Work on the project is expected to begin soon and shall be completed within the next ... More

INTERVIEW


A leaner Century Plyboards looks to expand
THE Rs 100-crore-plus turnover Century Plyboards (India) Ltd is a key player in plyboards and an emerging name in the adhesives segment. The company recently embarked on a rationalisation exercise which has already resulted in downsizing of ... More

RIGHTS ISSUES


Electrolux board okays rights issue
THE board of directors of Electrolux Kelvinator Ltd on Friday approved a Rs 250-crore rights issue, the proceeds of which will be used to introduce new products and improve financials, according to a company statement. The shares with a face ... More

STANDARDS & BENCHMARKS


Natco bulk facility gets TGA approval
NATCO Pharma Ltd (NPL), the city-based active pharmaceutical ingredients and formulations company known for its timed release technology, has announced that its bulk chemical manufacturing facility located at Mekaguda near here was successfully ... More

  • Apollo gets AHA recognition

    OUTLOOK


    Osram India sees a bright future in LED market
    LIGHTING major Osram India plans to report revenues close to Rs 172.5 crore in the current financial year, up 15 per cent from Rs 150 crore a year ago, according to its Managing Director, Mr Gagan Mehra. The domestic lighting industry was ... More

    Rs 1,200-cr roll-out soon in Delhi, South -- It's brand Hutch mobile services
    HUTCHISON Essar, a joint venture of Hutchison Telecom and Essar Group, has launched a common brand — Hutch — and announced plans to roll out its mobile telephony services as the fourth operator in Andhra Pradesh, Karnataka, Chennai ... More

    CIAL plans capital expansion to reduce debt burden
    The total loan liability of Cochin International Airport Ltd was Rs 190 crore at an average interest rate of 16.32 per cent. More

    PERFORMANCE


    Clariant India: Getting the formula right
    CLARIANT (India) Ltd's financial results for the year ended March 31, 2002 set the company as one of the most profitable in the specialty chemicals industry. When the industry as a whole has been going through a rough patch, Clariant has ... More
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  • Top Stories
    SBI may announce second VRS


    IT trainers zero in on ITES courses

    Significant M&A activity in offing: A.T. Kearney survey

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    In Depth
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    Tata's open offer for VSNL oversubscribed

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    Qatar Petro seeks nod for airline jt venture with Gesco, UB Air

    Citicorp Finance to take stake in 2 Shriram cos

    Vanishing cos: `DCA to go for hot pursuit'


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