The Hindu Business Line : Saturday, November 16, 2002

SCI opens office in Shanghai
ENCOURAGED by the success of the two services covering, among other ports, Chinese destinations, Shipping Corporation of India (SCI) has opened for the first time one representative office in Shanghai and deputed one official, Mr K.N. Nair, of ... More

Millipore plans process development lab
MILLIPORE, the pharma technology and services major, plans to set up a process development lab in Bangalore to train upcoming biotechnology professionals and post-graduate students in pharma manufacturing processes. The company is in talks ... More

Coffee Day gets more funds
BANGALORE: Amalgamated Bean Coffee Trading Company Ltd announced that it had closed a commitment of up to $15 million from AIG Asia Opportunity Fund. The additional funds are expected to fuel the company's growth in coffee and coffee ... More

Lanco MoU with Reliance for gas supply
THE city-based Lanco group has entered into a memorandum of understanding with Reliance for the supply of 3.5 million cubic metres per day (MCMD) of gas for the expansion of its existing 368 MW Lanco Kondapalli Power Plant by another 740 MW, ... More

Dr Reddy's to present research findings at Atlanta meeting
DR Reddy's Laboratories Ltd, the Hyderabad-based pharma major, has said that it would present some of its novel drug discovery research findings out of its Atlanta Centre at the American Heart Association's (AHA) annual scientific sessions to be ... More

OVERSEAS BORROWINGS

Orchid equity shares for IFC
ORCHID Chemicals and Pharmaceuticals will be issuing equity shares to convert the foreign currency bonds worth $20 million issued to the International Finance Corporation (IFC) of the World Bank. According to company sources, the board of ... More

AWARDS & HONOURS

NeST group co wins award for R&D efforts
SABA Powerdex Pvt Ltd, a NeST group company in the Cochin Special Economic Zone, has been chosen for the National Award by DSIR, Union Ministry of Science and Technology in the area of outstanding R&D achievement for technology absorption. This ... More

CII award for BHEL

MERGERS & ACQUISITIONS

PepsiCo buys out two bottling units
SOFT drinks major PepsiCo India Holdings is buying out two units of its franchisee bottler, the Chandigarh-based Dhillon Kool Drinks and Beverages Ltd, according to industry sources. Dhillon Kool Drinks has been PepsiCo's second largest north ... More

Aurobindo board okays merger of Ranit, Calac
THE board of directors of Aurobindo Pharma Ltd (APL), the city-based Rs 1,050-crore pharmaceuticals major, has approved the proposal of amalgamation of two of the group companies - Ranit Pharma Ltd and Calac Pvt Ltd - with the ... More

NEW PROJECTS

Infosys in pact with Chandigarh Govt — To set up development centre
SOFTWARE major Infosys Technologies announced on Friday that it has signed a memorandum of understanding (MoU) with the Union Territory of Chandigarh Administration (UTCA) to buy 20 acres of land at the Chandigarh Information Services Park ... More

Divi Lab's Vizag unit trial run next month
The unit is expected to generate a turnover of Rs 100 crore in the first year of production. The company's turnover last year was Rs 260 crore, which is expected to increase to Rs 300 crore in the current fiscal. More

INTERVIEW

`More focus on exports, heavy vehicles' - Mr Rakesh Kalra, Chief Executive, Eicher Motors
MR Rakesh Kalra, Chief Executive, Eicher Motors Ltd, in an interview with Business Line, speaks about the trends in the commercial vehicles segment and the future initiatives which Eicher Motors, a key player in the segment, intends to ... More

`Business needs more than just greed'
MS Anita Roddick, Founder of the UK-based cosmetic major, The Body Shop, is in India to lecture on `Business, Ethics & Sustainability'. Though the architect of a company that has in 25 years grown from a single store to a listed company on the ... More

OUTLOOK

MindTree sees huge healthcare prospects
Domain expertise is very important for this segment, where there are a lot of legal and other issues. MindTree is on the lookout for people at middle and senior levels with domain expertise and experience. More

PERFORMANCE

Tata Steel supplies to auto sector up 35 pc
TATA Steel's exposure to the automobile segment has been on the rise with the first half of 2002-03 witnessing a 35 per cent rise in supplies to this segment at 1,87,282 tonnes (1,38,816 tonnes). The company's market share of cold rolled ... More

PEOPLE

P Saravanan made NTC consultant

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Sugar mills, farmers lock horns over pricing issue

Britannica puts India in focus

MindTree sees huge healthcare prospects

Minister says SCI sell-off could be delayed further

In Depth
Gender Justice

Simple Economics

Small Investor

Looking back
Nov. 3-Nov. 9
Treat investors' complaints lightly... at your own cost

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