The Hindu Business Line : Friday, March 07, 2003

Morepen files process patent for desloratadine
THE Rs 530-crore Morepen Laboratories Ltd has filed an international process patent for the allergy drug desloratadine in the US, targeting a $500-million market. The company had been selling the generic version of Schering Plough Corp's drug ... More

CORPORATE BONDS

KFC bonds to raise Rs 40 crore
THIRUVANANTHAPURAM: The public sector Kerala Financial Corporation (KFC) has decided to approach the market to raise Rs 40 crore through bonds issue. The sales window will be open from March 10 to 12 and will be closed, without prior ... More

NEW PROJECTS

Sundram Fasteners setting up unit in China
SUNDRAM Fasteners Ltd, part of the TVS group, is setting up a factory in China to manufacture high tensile fasteners. To be set up as a 100 per cent subsidiary in Zhejiang province in south China, the factory will come up with an initial ... More

Quick'n easy Chinese way
It took all of two days for Sundram Fasteners to get the approvals needed for setting up a manufacturing plant in China. "It was done through a single window. All we had to do was to sign the necessary forms and our requirements — land, ... More

DIVERSIFICATION

Piramal Holdings all set to expand real estate biz — Plans to enter food retailing; Crossroads mall soon in Pune
PIRAMAL Holdings Ltd, which has promoted the country's first mall management company, Crossroads, is set to rapidly expand its real estate business and is also finalising plans for a foray from the apparel segment into the foods retailing ... More

RIGHTS ISSUES

Hitachi rights issue by June
HITACHI Home & Life Solutions (India) Ltd, the erstwhile Amtrex Hitachi Appliances Ltd (AHA), is going to come out with its rights issue in June. The company had earlier got its shareholders approval for the issue of rights shares in the ratio ... More

STANDARDS & BENCHMARKS

ISO certification for Srikrishna Dairy

OUTLOOK

New project norms to benefit Nagarjuna Power
Policy liberalisation would translate into a hefty reduction in the estimated power tariff. The customs duty reductions alone are expected to push down the first year tariff from the project to about Rs 2.40 a unit. More

Tata Tea hopes to gain greater market share
AFTER severe competition from local players, Tata Tea Ltd claims to have consolidated its operations and hopes to register a growth in its profitability during the next 12-18 months. This was stated by Mr R.K. Krishna Kumar, Vice-Chairman of ... More

Widia expects to post net loss
THE US metals major Kennametal Inc's local arm Widia India Ltd will report net loss in the current financial year, its new Managing Director, Mr Kumar Kanetkar, has said. The company reported a net loss of Rs 30.45 crore in the first half of ... More

PERFORMANCE

Tata Engg clocks 25 pc rise in sales
TATA Engineering on Thursday reported a 25.3 per cent increase in total vehicle sales, at 185,428 units, for the April 2002-February 2003 period. Cumulative sales of commercial vehicles by end-February was up 34 per cent at 95,431 ... More

PEOPLE

Trehan joins Jubilant board

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