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Sunday, September 22, 2002

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Scorpio models to cost more
MAHINDRA and Mahindra has announced a hike in the prices of Scorpio from October 15. The hike on the base model is 1.5 per cent, while it is about 3 per cent for the top-end model. The price for the ex-New Mumbai Euro J diesel 2.6 and turbo 2.6 ... More

Disprin back in soluble form
RECKITT Benckiser is making up to die-hard Disprin consumers by reaching out and informing them that their "trusted'' Disprin, in the soluble format, is back. Taking the "nostalgic-route'' to communicate, the Rs 20-crore Disprin will retain its ... More

CORPORATE DISPUTES


CNBC takes off Hinduja share quotes
MUMBAI: CNBC India has said it had withdrawn the share quotes of Hinduja group companies as well as the advertising spots of Gulf Oil from the channel, in protest against Incablenet `blacking out' the channel. According to a CNBC India ... More

COURTS/LEGAL ISSUES


SICA immunity applies to guarantor also: HC
THE benefit conferred on the principal debtor (a public limited company) was applicable to the guarantor of a loan granted to that debtor. When the principal debtor had been declared as a `sick' industrial undertaking and the benefit under the ... More

Calcutta HC admits plea on jute order
A Division Bench of Calcutta High Court, comprising Justice Mr S. Banerjea and Justice Mr P.N. Sinha, has admitted an appeal filed by the West Bengal Government challenging the decision of the Centre on jute bag packaging. In its appeal, the ... More

MERGERS & ACQUISITIONS


SEBI's amended Takeover Code: Levelling the playing field?
AFTER five long years, the first major amendments to the SEBI's Takeover Code, 1997 have finally come into force. This overhaul is based on the recommendations of the Committee set up under the Chairmanship of Justice P. N. Bhagwati, opinions ... More

Some landmark takeover cases
IN A dynamically evolving market for corporate control, more than half-a-dozen high-profile open offers have highlighted the loopholes that are proposed to be plugged by the draft recommendations of the Justice Bhagwati Committee. These ... More

Gujarat Propack merger with Cosmo complete
BOPP film manufacturer Cosmo Films Ltd (CFL) has announced the implementation of the merger of Gujarat Propack Ltd (GPL) with the company in terms of the scheme of amalgamation approved by the High Courts of Delhi and Gujarat, ... More

NEW PROJECTS


BPL facility to produce pin-free colour TV tubes
ENTERTAINMENT electronics and brown goods major BPL Ltd has firmed up plans to set up a facility to manufacture pin-free colour television picture tubes at an estimated investment of Rs 150 crore. Technology for the proposed facility, which is ... More

INTERVIEW


`HMT's brand is Titan's lure'
Titan Industries, the top watch company in India with a market share of 50 per cent, recently expressed its interest to acquire a 74 per cent stake in India's first watch company, HMT Watches. Mr Bhaskar Bhat, Managing Director, Titan ... More

OUTLOOK


Metlight plans to invest Rs 82 cr in film business
METLIGHT Productions Pvt Ltd, a company promoted by the Singapore-based Production Facilities Pvt Ltd (which also promoted Sony Entertainment Television), is planning to make investments to the tune of Rs 82 crore in the next few years in the ... More

PEOPLE


Tony Adam quits as Sical MD
MR Tony Adam, Managing Director, South India Corporation (Agencies) Ltd (Sical), has put in his papers. Confirming this to Business Line today, Sical's Deputy Chairman, Mr Ashwin C Muthiah, said that Mr Adam would continue to support Sical ... More

Sanak Misra joins SAIL board
DR Sanak Misra, the Chief Executive of the Rourkela Steel Plant (RSP), has joined the board of Steel Authority of India Ltd (SAIL). This follows his appointment as Managing Director of RSP on August 23. A RSP release said that Dr Misra, who had ... More


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