The Hindu Business Line : Wednesday, June 05, 2002

US FDA okays Ranbaxy drug for infections
RANBAXY Pharmaceuticals Inc (RPI) today announced that it had received final approval from the US Food and Drug Administration to manufacture and market Cefpodoxime Proxetil for oral suspension that would be made available in three sizes. The ... More

BHEL to market shunt reactor
BHARAT Heavy Electricals Ltd (BHEL) has decided to aggressively market its controlled shunt reactor (CSR), according to the General Manager in-charge of corporate Research and Development division, Mr S. Balagurunathan. A product of BHEL's ... More

Gujarat Guardian may make laminated glass
GUJARAT Guardian Ltd, which is one of the largest manufacturers of float glass in the country, is planning an entry into manufacturing of laminated glass, a highly specialised area. Though it is yet to formalise a plan in this regard, it is ... More

Indo Rama Syn hikes prices
POLYESTER prices continue to be on the rise, with domestic companies riding the recent surge in global petrochemical prices. Polyester manufacturer Indo Rama Synthetics has once again increased the prices across its entire product range. The ... More

AWARDS & HONOURS

Infosys, MRPL among export award winners

ENVIRONMENT

Corporate code is eco-friendly as well
CORPORATES having to deal with fatigued, sleepy or sick employees could do well to look into "the sick building syndrome" that may be gripping workplaces without any warning. And, it is this message of healthy offices and pro-green initiatives ... More

Top hotels don `green' colour
FREE vehicle emissions tests, planting of saplings, fashion shows, exhibitions and quizzes... so what's new? For just today, green is the colour and anything of that shade should make some difference. And that's how some of Bangalore's top ... More

MERGERS & ACQUISITIONS

RIL gives Rs 1,490.84-cr cheque -- Mukesh to head IPCL
SPECULATION on IPCL chairmanship was put to an end today after Reliance Industries Ltd announced that Mr Mukesh Ambani would head the newly acquired company. The IPCL board will have a total 12 directors with six Reliance Industries Ltd (RIL) ... More

Matsushita to buy out Videocon in jt venture
The Japanese company will be buying out the balance 10 per cent held by Videocon through Dhoot Trading Agencies Ltd for a consideration of Rs 10.50 crore. More

NEW PROJECTS

Danish pharma co sets up subsidiary
DANISH pharma major H.Lundbeck A/S has set up its 100 per cent subsidiary here. The Copenhagen based Lundbeck is one of Europe's major research-based pharma companies manufacturing drugs to treat central nervous system (CNS) diseases. "Lundbeck ... More

ALLIANCES & JOINT VENTURES

BPL signs pact with Fedders-Voltas for ACs
BPL has entered into a joint venture with US-based Fedders Corporation and Voltas Ltd to manufacture air-conditioners. Speaking to Business Line, Mr L.H. Bhatia, Chief Operating Officer (COO), Home Appliances Business, BPL, said that ... More

INTERVIEW

`Funds no constraint for Grasim's expansion plans'
"Though we are leaders in VSF, we have to see fibre as a sector. Our idea is to grow demand for the sector. Hence, you look for new acquisitions. Unlike other countries, India offers good scope with several sectors not yet touched by fibre." More

STANDARDS & BENCHMARKS

Quality award from BIS

SICK UNITS

BIFR seeks clarification from Ministry on NJMC revival
THE Board for Industrial & Financial Reconstruction (BIFR), keeping in abeyance its final decision of winding up National Jute Manufacturers Corporation Ltd (NJMC), has sought certain clarifications from its promoter, the Union Ministry of ... More

OUTLOOK

Japan machinery maker bullish on sales here
THE Tajima group, manufacturer of embroidery machines, hopes to garner at least 25 per cent of its global revenues from India in the next four to five years. India currently accounts for nearly 10 per cent of the group's total global revenues ... More

Max Ateev to beef up operations in India -- In talks for foray into Asia-Pacific, US
MAX Ateev Ltd, the wholly-owned IT subsidiary of Max India, is strengthening the operations of its knowledge management practice in India, even while exploring the possibilities of expanding into the Asia-Pacific and the US markets. Mr Raj ... More

PERFORMANCE

SAIL domestic sales up 36% in April-May
STEEL Authority of India Ltd (SAIL) has sold a record 1.42 million tonnes of steel products in the domestic market during April-May this year, a growth of 36 per cent over the same period in the previous year. Domestic sales of steel during May ... More

Shaw Wallace AP sales up

NEW PRODUCTS & SERVICES

`Eco-friendly' radials from J.K. Industries
ON the eve of World Environment Day, J.K. Industries Ltd (JKI) has launched a range of eco-friendly radial tyres for the passenger cars market. The commercial launch of the new range of silica reinforced colour tyres - Ultima XPS Green and ... More

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RBI ropes in SEBI to tackle rogue borrowers -- Redefines `wilful default'

War fears delay Bharti, Data Access ILD plans

Visa troubles cause worry in travel, tourism industry

Dena Bank turns around; nets Rs 11.36 cr

US must crack whip on Pakistan now

In Depth
Gender Justice

Simple Economics

Guide to derivatives

Looking back
May. 26-Jun. 1
Akzo Nobel sets up global R&D centre near Bangalore

Maruti will remain Indian: Suzuki

Beating the Recession -- I: Testing times, trusted production values

Reckitt Benckiser seeks nod to buy out Indian arm

`GSPC is moving up the value chain'

Grasim ups stake in L&T by 2.84%