The Hindu Business Line : Friday, July 12, 2002

Ranbaxy files application for IV form of Ranbezolid
RANBAXY Laboratories Ltd has followed up on its oral form of Ranbezolid, a drug that targets hospital-acquired infections, with an intravenous form. RLL today filed an application for an investigational new drug (IND) with the Drug Controller ... More

Amadeus firms up plan to raise market share
AMADEUS India, the Indian arm of Amadeus, the global distribution system and technology service provider for the world's travel and tourism industry, is hopeful of increasing its market share in the Indian sub-continent from 47 per cent to 55 per ... More

Oriental Hotels to pay 45 pc
According to a statement, the `schemes of amalgamation' of Covelong Beach Hotel (India) Ltd. (CBHIL), and Coromandel Hotels Ltd (wholly-owned subsidiary of Oriental Hotels), with Oriental Hotels was sanctioned by the High Courts of Madras and ... More

Apollo Hospitals launches package for diabetics
HYDERABAD: Apollo Hospitals has launched an economical package for diabetics called Diacontrol. It comprises investigations, regular patient counselling and lifestyle management, according to a company release. Priced at Rs 150 per ... More

ACCOUNTING STANDARDS

Can President Bush afford to talk tough?
"Self-regulation is important but not enough. Government can do more to promote transparency and ensure that risks are honest,'' said Mr Bush. More

RESTRUCTURING

Dabur moves a step towards demerger — Separates pharma, FMCG businesses
AS a precursor to hiving off the company's pharma business into a separate entity, Dabur India Ltd today announced the "virtual demerger" of its FMCG business from its pharma business. "Dabur India has restructured its Rs 162.9-crore pharma ... More

CORPORATE GOVERNANCE

`Corporate governance ratings can curb frauds'
CAN corporate governance ratings help prevent companies or their managements from committing fraud? Yes, if the rating is based on a "suitable model," believes Mr G.N. Bajpai, Chairman, Securities and Exchange Board of India (SEBI). The capital ... More

DCA Secy seeks changes in Companies Act
IN the changed economic scenario, good corporate governance has become the most important issue to gain national and international credibility for Indian companies and to facilitate this, the Company Law of 1956, a product of the old economy, ... More

NEW PROJECTS

Raunaq Plastics sets up facility near Kolkata
RAUNAQ Plastics Ltd has set up a roto-moulded and extruded product unit at Uluberia, near the city, entailing a total investment of Rs 5 crore. The unit, which will be formally commissioned in mid-August, has a capacity of producing 800 tpa ... More

JB Chemicals to set up unit for `Doktor Mom'
J B Chemicals and Pharmaceuticals Ltd has announced plans to set up a unit to manufacture its `Doktor Mom' brand of cough lozenges and tablets in Daman. The unit will be built as per international GMP standards at a projected cost of Rs 15 ... More

REGULATORY BODIES & RULINGS

Samir Biswas takes over at DCA

ALLIANCES & JOINT VENTURES

Kores India ties up with Brother Intl
KORES India Ltd, the Rs 300-crore office products major, has entered into a strategic alliance with Brother International Ltd, the Japan-based giant in the electronic label printers, for marketing the latter's products in India. Addressing ... More

RIGHTS ISSUES

Electrolux rights issue runs into rough weather — Company mulling other plans
The parent company, AB Electrolux, Sweden controls 75.96 per cent of the company's equity while the Indian promoters hold 9.64 per cent with the balance - 14.40 per cent - being distributed among the public and FIs. More

SICK UNITS

Lakshmi Synthetic looking down the barrel
THE synthetic machinery-manufacturing unit - Lakshmi Synthetic Machinery Manufacturers Ltd (LSM) - - belonging to the Lakshmi Mills group, is in dire straits, unable to find a resourceful party or company in the same field for taking ... More

OUTLOOK

LML hopes Freedom will drive it into the black
WITH the launch of its new 110cc motorcycle, LML Freedom, LML is aiming to bounce into the black by the second half of the current fiscal by generating volumes, according to Mr Deepak Singhania, Managing Director, LML Ltd. "With this launch, ... More

West Coast Paper plans growth thru acquisitions
WEST Coast Paper Mills Ltd (WCPML) plans to grow through the acquisition route rather than by further expansion of the production capacity of its mill at Dandeli in Karnataka or setting up a greenfield unit, according to the Chairman, Mr ... More

Kinetic Intl to be formed in two months
KINETIC International, to be set up shortly for taking over the overseas operations of the Kinetic group, could be operational in a couple of months. There is much scope for the company: The turnover could rise to as much as Rs 100 crore in two ... More

PERFORMANCE

LG Elec registers 42 pc rise in turnover in H1
LG Electronics India Pvt Ltd has registered a turnover of Rs 1,577 crore in the first half of this year (January - June 2002), clocking a growth of 42 per cent compared to same period last year. The company has recorded a turnover of Rs 721 ... More

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STPIs get new units, though fewer

PDS grain prices increased

CCD nod to offload PSU blue-chip stakes into AMC

FDI inflows hit record high of $4.06 b: Maran

Making cargo `simple', British Airways way

PSBs' loan loss cover still insufficient

In Depth
Gender Justice

Simple Economics

Guide to derivatives

Looking back
Jun. 30-Jul. 6
RSP is keen on improving marketability of products — Interview with Dr Sanak Misra, acting Managing Director

Keeping family businesses ticking

DCA in talks with SEBI to tighten pref allotment norms

Orchid sets up joint venture with Bexel Biotechnology