The Hindu Business Line : Thursday, October 31, 2002

BEL, PicoPeta to make simputers
BEL and PicoPeta Simputers Pvt Ltd have announced that they will jointly manufacture and market a new range of the hand-held indigenously developed simputers for various applications. The first batch of 1,000 improved, co-branded BEL-PicoPeta ... More

Mentorix bags $20-m contract from Pearson
MENTORIX learning Technologies has announced that it has won a $20 million, three-year contract from the Pearson group company, Pearson Education Technologies (Pearson Ed Tech) to develop integrated software solutions for the education ... More

Shanta Bio gets Rs 1-cr worth Unicef order
SHANTA Biotechnics, the indigenous producer of the recombinant hepatitis B vaccine, has bagged a Unicef order to supply 1.6 million doses of the vaccine to Albania, Tajikistan and Turkmenistan. The company received the order worth nearly Rs 1 ... More

Reva to roll out convertible soon
EVEN as an electric car is trying to find its space in the crowded conventional fuel driven automotive market, the Bangalore-based Reva Electric Car Co (RECC) has brought out a prototype of its latest offering, a convertible model. This is the ... More

OPEN OFFERS

SEBI directs new owners of Widia, FAG Bearings to make open offers
THE Securities and Exchange Board of India (SEBI) has ordered the new owners of Widia India Ltd (WIL) and FAG Bearings India Ltd (FBIL) to make open offers to their Indian shareholders for acquisition of shares following the transfer of ownership ... More

SEBI clears Sardas open offer for BSL
THE open offer of the Sardas for taking over BSL Ltd is likely to hit the market some time after Diwali. The Securities and Exchange Board of India (SEBI) has finally cleared the proposal. Talking to Business Line, a senior official of ... More

ENVIRONMENT

Environment impact study on S. Africa unit
TATA Iron and Steel Company Ltd (Tata Steel) will shortly take up an environment impact study of its Rs 257-crore ferro-chrome project that is slated to come up at Richard's Bay in South Africa. The company's board today approved setting up the ... More

RESTRUCTURING

Indo Rama files scheme of arrangement in HCs
THE Rs 1,900-crore Indo Rama Synthetics (I) Ltd (IRSL) has announced the filing of a Scheme of Arrangement with the High Courts of Indore and Delhi on October 28 and 30 respectively. The restructuring scheme, if approved, would lead to the ... More

MERGERS & ACQUISITIONS

No sale of Centaur, just share transfer: Batra
MR A.L. Batra, promoter of Batra Hospitality Pvt Ltd, has given to the Disinvestment Ministry details of the resale of Centaur Hotel Airport in Mumbai to Sahara India Group, a deal that has sparked off a major controversy. In his submission to ... More

Lok Prakashan set to acquire NEPA
FOR the Disinvestment Ministry, a prolonged lean patch (aided by the controversy surrounding the disinvestment policy) on selling Government stakes in PSUs is coming to an end. And, the PSU that is helping the cash-starved Ministry lay hands on a ... More

Singapore Comp eyeing stake in Indian cos
SINGAPORE Computer Systems Ltd (SCS), a provider of information and communication technology (ICT) services, is planning to pick up equity stake in Indian software companies. The company is taking this route to gain access to the Indian market ... More

NEW PROJECTS

Hindustan Seals firms up plans for Lankan venture
HINDUSTAN Seals Ltd, Asia's largest producer of closures and caps, has firmed up plans to set up a pilfer-proof cap manufacturing unit, crown closure unit and galvanising plant in Sri Lanka at an estimated investment of $10 million. Stating ... More

OUTLOOK

MindTree upbeat on West Asian market
THE IT firm MindTree Consulting, co-headquarted in Bangalore and Somerset, New Jersey, US, entered the Gulf and West Asian market earlier this year and is targeting a sizeable growth in business in view of a strong prospect base in the region, ... More

Borouge targets Indian polyethylene market
BOROUGE Pte Ltd, which launched on stream its world class $1.2 billion petrochemical complex in Ruwais, UAE on Tuesday, is targeting a significant share of the bimodal polyethylene market in West Asia, India and the Asia Pacific. The new ... More

Industry pins hope on lower PLR
THE Credit Policy announced by the Reserve Bank of India (RBI) Governor, Dr Bimal Jalan, has evoked mixed reactions from the Indian industry, with a section expressing disappointment over the marginal reduction in bank rate. The industry has ... More

PERFORMANCE

Tata Steel sees sharp rise in net — Higher prices, better product mix catapult growth
HIGHER steel prices coupled with improved demand, better product mix and a fall in interest cost pushed Tata Steel's net profit up by 643 per cent to Rs 203.18 crore for the second quarter of 2002-2003 (Rs 27.36 crore). Net sales during the ... More

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Pick a Winner Stock Market Contest

Private FM may go on air in three metros early next year

SEBI directs new owners of Widia, FAG Bearings to make open offers

Tata Steel sees sharp rise in net — Higher prices, better product mix catapult growth

Why pollution is not always bad

In Depth
Gender Justice

Simple Economics

Small Investor

Looking back
Oct. 20-Oct. 26
Toyota Kirloskar hopes to sell 1,000 Camrys in 1 year — Corolla to be launched next year

`More FDI will help more exports of auto parts' — Mr Suresh Krishna, Chairman & MD, Sundram Fasteners

Maruti's hour of reckoning

Whither `greenwashing'?

Grasim offer: Forum warns SEBI, FIs

M&M rolls out petrol version of Scorpio

SEBI to speed up enquiry into L&T insider trading

Only listed cos may be allowed to offer IDRs