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Saturday, July 20, 2002
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ANNOUNCEMENTS


ICI India calls AGM on directors' pay
ICI India Ltd is to seek shareholders' nod at the company's forthcoming annual general meeting for payment of remuneration to the managing/wholetime directors for 2000-01, in excess of the limits prescribed under the Companies Act. The AGM has ... More

CORPORATE DISPUTES


Novartis sues Dr Reddy's in US for patent breach
NOVARTIS Corporation, the global pharmaceutical giant, has filed a lawsuit against Dr Reddy's Laboratories Ltd, the Hyderabad-based pharma company listed on the New York Stock Exchange (NYSE), alleging patent infringement by the latter. The ... More

Pawar meets Rahul Bajaj
THE former Maharashtra Chief Minister, Mr Sharad Pawar, had a breakfast meeting at the residence of Bajaj Auto Chairman, Mr Rahul Bajaj, on Friday. Mr Pawar refused to comment to newspersons after he came out of the meeting. "We will issue a ... More

COURTS/LEGAL ISSUES


Case against sell-off move — Jessop is in core sector, says employees' union
IN renewed arguments over the disinvestment issue of Jessop & Co Ltd (JCL), which began at the Calcutta High Court on Wednesday before Mr Justice Kalyan Jyoti Sengupta, the counsel of Jessop & Co Ltd Staff Association (Association) stated that ... More

CORPORATE BONDS


  • `LAA' retained for KSB Pumps issue

    SHORT TERM INSTRUMENTS


  • Sona Koyo CP issue upgraded

    MERGERS & ACQUISITIONS


    Wipro Q1 net drops to Rs 220 cr — Buys majority stake in Spectramind for Rs 406.9 cr
    WIPRO Ltd, which announced its first quarter results today reported higher revenues for the quarter but lower PAT year-on-year. Revenues from operations were up by 19 per cent to Rs 930 crore year-on-year (excluding revenues of Rs 3.8 crore from ... More

    Visesh lines up pref issue for acquisition
    VISESH Infosystems Ltd, the Bangalore-based software solutions provider, proposes to make a preferential allotment of 37.5 lakh equity shares to stakeholders of the Delhi-based Infotecnics India Ltd to part fund its acquisition plans. Visesh ... More

    REGULATORY BODIES & RULINGS


    DCA to appoint independent officer to probe Xerox
    ARMED with the Company Law Board (CLB) order to initiate investigations into Xerox Modicorp Ltd to assess whether the company's management has been guilty of fraud, the department is set to appoint an independent investigating officer early next ... More

    SICK UNITS


    ICICI Bank opposes bid to wind up Kothari Petro
    ICICI Bank has opposed a petition filed by the Allahabad Bank before the Madras High Court, asking for winding up Kothari Petrochemicals Ltd, a part of the Chennai-based H.C. Kothari group. In March 1998, Kothari Petrochemicals, part of the ... More

    OUTLOOK


    Power disruption no damper — Tata Steel to stick to Q2 production target
    TATA Iron and Steel Company Ltd (Tata Steel), which lost a bit of its production owing to a power disruption between July 12 and 14, said that it was not revising its second quarter target. Responding to queries by Business Line in this ... More

    PERFORMANCE


    Pepsi reports buoyant growth
    PEPSI India has reported a "record" growth in the carbonated soft drink (CSD) market in the second quarter of the year ended June 30, 2002. According to a company spokesperson, Pepsi has reported a 26 per cent volume growth in the carbonated ... More
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  • Top Stories
    Novartis sues Dr Reddy's in US for patent breach


    Bangalore among world's top intelligent communities

    Wipro's new mantra is strategic value

    Finance Ministry move to review gasohol dollops — Sugar sector approaches PMO

    New navigation charges to benefit domestic airlines

    Spectre of drought — Projected growth rates for 2002-03

    Banks likely to resume power sector funding

    In Depth
    Gender Justice
    Simple Economics
    Guide to derivatives
    Looking back
    Jul. 7-Jul. 13
    Dhirubhai: `The sun has set today'

    Mumbai pays homage to its tallest tycoon — Dhirubhai passes into history

    Ranbaxy's anti-AIDS drugs on WHO list

    Amara Raja to design products for US partner

    LML hopes Freedom will drive it into the black


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