The Hindu Business Line : Thursday, July 04, 2002

German pharma co plans research in India on AIDS
THE German pharmaceutical company, von Hoffmeister Pharma GmbH, is planning to set up a joint venture company in India to carry out research in the use of medicines derived from cannabis in AIDS therapy. Speaking to newspersons, Mr Karthikeyan ... More

ANNOUNCEMENTS

Ranbaxy gets US FDA nod for Lisinopril
RANBAXY Pharmaceuticals Inc (RPI) has received a final approval from the US-FDA to manufacture and market Lisinopril+Hydrochlorothiazide tablets, indicated for the treatment of hypertension. Based on bio-equivalence studies, it has been deemed ... More

Hepatitis B vaccine prices slashed
SERUM Institute of India Ltd (SIIL) has slashed prices of its Hepatitis B vaccine, Gene Vac-B by about 40 per cent. The maximum retail price of 10 ml vial is now Rs 875 as againt Rs 1,400 earlier. The 0.5 ml (single dose) for paediatric use ... More

BUYBACK

SEBI panel findings on buyback by month-end
THE Securities and Exchange Board of India (SEBI) committee to study the issue of buyback and delisting of shares is expected to submit its findings by the end of the month. Mr Pratip Kar, Executive Director, SEBI, said that the existing ... More

ACCOUNTING STANDARDS

ICAI renames auditing practices panel — Regulatory bodies, public to have a say henceforth
FACED with the challenge of preserving the integrity and reputation of the auditing and assurance profession, the central council of the Institute of Chartered Accountants of India (ICAI) today effected certain changes to strengthen the existing ... More

Jargons ajar
ACCOUNTING and finance have all along been holy realms where buzzwords separate the insiders from the others. With out-of-the-world rules that govern transactions — such as `debit what comes inside and credit what goes out' — or ... More

PREFERENTIAL ALLOTMENTS

HDFC subscribes to 6.9 pc preference shares of RIL
HDFC Ltd has subscribed to 6.9 per cent redeemable preference shares of Reliance Industries Ltd, aggregating Rs 200 crore. The coupon of 6.9 per cent is perhaps the lowest-ever offered by an Indian company on preference shares. An HDFC ... More

RESTRUCTURING

Sasken converts Japanese arm into branch office
SASKEN Communication Technologies Ltd, the Bangalore-based telecom products and software maker has liquidated its wholly-owned Japanese subsidiary, Silicon Automation Systems Kabushiki Kaisha. It has converted its Japanese outfit into a branch ... More

Sesa Goa seeks to dispose of Sirsaim unit
THE Panaji-based Sesa Goa Ltd is seeking the approval of its shareholders (through a postal ballot) for disposing of the precision engineering unit located at Sirsaim in Goa. The company has appointed a scrutiniser Mr Valerine Frank, an ... More

MERGERS & ACQUISITIONS

ACC to sell stake in Intl Ferrites in Rs 40-cr deal
ASSOCIATED Cement Companies Ltd is selling its entire stake of around 35 per cent in International Ferrites Ltd to a German company at Rs 26.56 per share, the consideration working out to Rs 40.42 crore. ACC today informed the Bombay stock ... More

Idea Cellular-BPL merger in a limbo
The MoU had certainly expired, sources admitted, but extending its validity was only a technical issue and a matter of time. More

ALLIANCES & JOINT VENTURES

IOC denies imposing fresh riders on HPL
The IOC spokesman said that although HPL was being pursued as a good business initiative by IOC, the cash-strapped petrochemical company would be a bigger loser than IOC at this turn of events. More

OUTLOOK

Alfa Laval India to be hub for global projects business
"Our principals have realised that growing the projects business vital for growth, and since our technology is by far superior, we have been entrusted with the responsibility." More

Singareni Collieries hopes to wipe out losses this fiscal
According to the Andhra Pradesh Minister for Energy, Mr K. Subbarayudu, the company is hopeful of posting a net profit of Rs 450 crore this year. More

Sanofi-Synthelabo eyes 20% growth in topline
SANOFI-SYNTHELABO (India) Ltd expects to witness 18-20 per cent growth in topline for the financial year 2002-03. Speaking to newspersons here on the occasion of the parent company Sanofi-Synthelabo group listing on the New York Stock ... More

PEOPLE

M.K. Sinha takes over at NCL
MR M.K. Sinha's long wait for obtaining a formal appointment letter for the post of Chairman-cum-Managing Director of Northern Coalfields Ltd (NCL) has eventually ended with the President, Mr K.R. Narayanan, approving his appointment with effect ... More

Alstom board reconstituted

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