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Sunday, December 15, 2002

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2 cos turn arms of Dai-Ichi Karkaria
MUMBAI: Dai-Ichi Karkaria Ltd has informed the Bombay Stock Exchange that Dai-Ichi Gosei Chemicals (India) Ltd., has become its subsidiary company effective December 2, by virtue of allotment of 48,490 equity shares (97 per cent of total ... More

OPEN OFFERS


Final public offer for Madura Coats
MUMBAI: DSP Merrill Lynch Ltd has informed the Bombay Stock Exchange that J & P Coats Ltd, Scotland (JPC) with Coats Plc, as Person Acting in Concert (Coats) had made an open offer (Letter of offer dated September 17) to acquire up to ... More

OVERSEAS BORROWINGS


Banks scuttle SPIC plan for FRN buyback
A CONSORTIUM of bankers has blocked a proposal from Southern Petrochemical Industries Corporation (SPIC) for buying back a part of its Floating Rate Notes (FRN). SPIC had raised $120 million in 1996 through an FRN (bonds whose rates are linked ... More

COURTS/LEGAL ISSUES


Binani Cement to move SC on mining order
BINANI Cement, a subsidiary of Binani Industries Ltd, is moving the Supreme Court for immediate modification of the latter's interim orders prohibiting all mining activity in the entire Aravali Hills from Haryana to Rajasthan. Such a move is ... More

NEW PROJECTS


Apollo Tyres to expand facility by March-end
TYRE production at the two units of Apollo Tyres Ltd (ATL) in Kerala will be enhanced to 280 tonnes per day by March-end and the expansion work to achieve it at the plants is to be completed on schedule. Production at the company's main plant ... More

ALLIANCES & JOINT VENTURES


Jain Irrigation, GE Plastics in pact
MUMBAI: Jain Irrigation Systems Ltd has informed the Bombay Stock Exchange that it has signed the Definitive Transaction Agreement for sale of 2 Polycarbonate Equipments and other assets to GE Plastics India Ltd. Under a separate ... More

INTERVIEW


`Growth may be flat this fiscal' — Interview with Hyundai Motor India president, Mr B. V. R. Subbu
Hyundai Motor India (HMI), the wholly-owned subsidiary of the Korean automobile giant, is India's second largest passenger car manufacturer. Unlike the other overseas automobile companies which entered the country during the late 1990s and ... More
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