Financial Daily from THE HINDU group of publications
Thursday, June 20, 2002
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Financial Daily from THE HINDU group of publications Thursday, June 20, 2002 |
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CORPORATE ANNOUNCEMENTS Usha Beltron plans to revert to old name — Unveils Rs 120-cr steel investment USHA Beltron Ltd, the flagship company of the Usha Martin group, is planning to change its name back to Usha Martin within this fiscal. Dr P. Bhattacharya, Joint Managing Director, UBL, told reporters here today that the company had changed its ... More
Santro 1.0 litre phased out at retail level
German co to complete RSP project in 18 months BUYBACK SEBI files writ against Sterlite FACED with several complaints from investors, the Securities and Exchange Board of India (SEBI) on Wednesday filed a writ petition against Sterlite Industries (India) Ltd in the Bombay High Court seeking a stay on the company's scheme to purchase ... More OPEN OFFERS Indian Syntans wants SEBI to look into Bayer offer THE Chennai-based Indian Syntans Investment Pvt Ltd, which holds 4.5 per cent stake in Aventis CropScience India Ltd, has sought intervention by the Securities and Exchange Board of India (SEBI) on the proposed open offer of Bayer to Aventis ... More MERGERS & ACQUISITIONS Parent stake in Reckitt Benckiser goes up to 87% RECKITT Benckiser Plc has increased its stake in Reckitt Benckiser (India) to 87 per cent subsequent to the open offer to acquire the balance 49 per cent public shareholding in RBIL. The open offer which was made at a price of Rs 250 per share, ... More NEW PROJECTS Zimmer tech for Indo Rama Nagpur plant THE Rs 1,900-crore Indo Rama Synthetics (I) Ltd today announced that Zimmer AG of Germany would provide the technology support, knowhow and equipment for the company's Rs 490-crore brownfield expansion project at its existing facility at ... More ALLIANCES & JOINT VENTURES 
It's destination Kerala for IBP's tourism drivePETROLEUM refining and marketing major IBP Co Ltd and the Department of Tourism, Kerala, (Kerala Tourism) propose to enter into an agreement as part of the former's "overall promotional initiatives in tourism-related areas''. As per the terms ... More INTERVIEW 
`Stress on value-addition is paying off for Bhushan Steel'"We are not interested in putting in a very large unit of three million or 3.5 million like Tata Steel or even Essar. We are interested in a captive hot-rolled coil plant, so that we can produce about 1.2 to 1.5 million tonnes in the first phase, whe re everything can be used in-house." More SICK UNITS 
NTC arm to implement Rs 390-cr rehab planNTC (APKKM), one of nine subsidiaries of the National Textile Corporation, plans to increase production of yarn and cloth by 12-15 per cent in 2002-03 apart from implementing the `sanctioned rehabilitation plan' suggested by BIFR. Speaking to ... More
Gujarat Lyka out of BIFR net OUTLOOK Philips hopes to save Rs 7 cr via mergers PHILIPS India Ltd (PIL) hopes to achieve cost savings of around Rs 7 crore per annum after wholly-owned subsidiary Electric Lamp Manufacturers (I) Ltd (ELMI) and sister companies like Punjab Anand Lamp Industries Ltd (PALI) and Philips Glass ... More PEOPLE Swaminathan is Vorin Lab MD VORIN Laboratories Ltd, the Hyderabad-based Rs 169-crore pharma major controlled by Ranbaxy Labs, has appointed Mr V. Swaminathan as its new Managing Director. The resignation tendered by the current Managing Director of the company, Mr N. ... More Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Gender Justice Simple Economics Guide to derivatives Looking back Jun. 9-Jun. 15 Infosys fears long-term effect of border tensions Sharp Tools plans white goods foray; IPO in 2 years Talks with contributors of UTI on new co soon SAIL raises Rs 500 cr for funding VRS CESC falters on FRN interest SAB close to buying stake in Shaw Wallace |
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