Financial Daily from THE HINDU group of publications
Tuesday, February 25, 2003
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ANNOUNCEMENTS


Bid to give a fillip to over-the-counter sales — Dr Reddy's ties up with Leiner Health
AIMED at boosting its over-the-counter (OTC) drug sales, which complements its growing generics business in the US, Dr Reddy's Laboratories Ltd, the Hyderabad-based leading pharmaceutical player, has entered into an exclusive product development ... More

Orchid gets USFDA nod for Cephalexin
ORCHID Chemicals & Pharmaceuticals Ltd has received formal approval from the US Food and Drug Administration (USFDA) for Cephalexin, its flagship drug. According to a company release, Cephalexin (antibiotic used to treat infection of the middle ... More

CORPORATE DISPUTES


Dr Reddy's sues Pfizer on Sertraline ANDA
DR Reddy's Laboratories Ltd has announced that it had filed a lawsuit seeking declaratory judgment against Pfizer in the US district court of New Jersey regarding its abbreviated new drug application (ANDA) for Sertraline Hcl. Sertraline Hcl ... More

AWARDS & HONOURS


L&T gets safety award for two ECC regions
TWO engineering and construction (ECC) regions of Larsen & Toubro have received the ASCC-2002 safety award from The American Society of Concrete Contractors for achieving zero fatality rate during calendar 2001. The two regions are Ahmedabad ... More

CORPORATE BONDS


Rs 1,300-cr debenture issue — Tatas allowed to pledge 25 pc VSNL equity
A fresh issue of debenture is now required to refinance the maturing debenture raised earlier. More

MERGERS & ACQUISITIONS


Wisden Online joins `site' with CricInfo — Sify to own 33% stake in merged entity
WISDEN Online and CricInfo Ltd have merged to form a new business, Wisden CricInfo. Prior to the merger, Sify Ltd owned 25 per cent of CricInfo Ltd. Post-merger and with an additional payment of 3,00,000 Sify will now own 33 per cent of the ... More

GTL to acquire Redington group for $95 million
GTL Ltd today announced that it plans to acquire the Singapore-based Redington Group for a total consideration of $95 million in a cash-and-stock deal. A GTL release said that two companies have "agreed to consolidate their businesses" and as ... More

DCM arm to acquire UP sugar unit
GHAGHARA Sugar Ltd (GSL), a 100 per cent subsidiary of DSCL (DCM Shriram Consolidated Ltd) managed by Mr Ajay S. Shriram and Mr Vikram S. Shriram has concluded agreements to acquire the sugar unit at Rupapur in Hardoi district of Uttar Pradesh ... More

NEW PROJECTS


RSP takes up revamp projects
HAVING entered the profit zone, the Rourkela Steel Plant (RSP) has now lined up at least three projects, which are expected to further boost its profitability. Talking to Business Line here recently, Dr Sanak Mishra, RSP Managing ... More

REGULATORY BODIES & RULINGS


DCA to act tough on erring corporates
EQUIPPED with exhaustive data pertaining to compliance levels of corporates on various regulations, the Department of Company Affairs (DCA) has decided to act tough on those errant corporates, which were hitherto outside the lens of ... More

INTERVIEW


`AC, fridge sector needs level tax field'
IF you think that Chinese companies can give stiff competition to their Indian counterparts in any manufacturing segment that is material and labour-intensive,your assessment needs a correction, at least in the case of room air-conditioner and ... More

OUTLOOK


SAIL eyes Rs 1,000 cr exports
STEEL Authority of India Ltd (SAIL) has stepped up its marketing efforts to end the current financial year with more than Rs 1,000 crore of export revenue. In terms of volumes, the company plans to sell more than eight lakh tonnes of steel in the ... More

PERFORMANCE


TVS Motor sales touch million mark
TVS Motor Company achieved the distinction of crossing the million mark in sales, only six weeks ahead of the closure of this financial year. This achievement is attributed to localisation, value engineering, strategic buying and logistics, ... More

ECONOMIC OFFENCES


HC dismisses Pendse bail plea
THE Delhi High Court on Monday dismissed the bail application of Mr Dilip Pendse, former Managing Director of Tata Finance Ltd, against the non-bailable warrant issued by the Metropolitan Magistrate Delhi. The petition was dismissed by Mr ... More

PEOPLE


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    Top Stories
    Traditional items, engg goods dominate export basket — Account for 18% growth in April-Nov


    Spices Board moots turmeric export zone in TN

    `AC, fridge sector needs level tax field'

    `India should look closely at Africa'

    'Tax sops to IT sector will yield more jobs'

    World Bank's new brush with poverty

    Rs 1,300-cr debenture issue — Tatas allowed to pledge 25 pc VSNL equity

    In Focus
    Run-up to Budget
    Kelkar Report
    Bottled water: How safe is it?
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    Housing Fin. rate war: Bonanza for consumers!
    NPAs in Banking
    In Depth
    Simple Economics
    Consumer Notes
    Tax Talk
    The Brahmananda collections
    Corporate Governance
    Gold: Still the winner?
    Cars: Always a beauty
    Books and Reviews
    Looking back
    Feb. 16-Feb. 22
    ESOPs must be expensed: PwC chief

    Reliance Info may peg ISD call rates at Rs 5

    Churning at helm of consumer durable cos

    Sharp Business hopes to double turnover in 2 years

    ABB sheds hierarchy, goes `egalitarian'

    Whole-time EDs may not be allowed to head audit panels

    KPMG asks for CFO's head

    Tax sops sought for people development activity


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