The Hindu Business Line : Tuesday, May 20, 2003

TBW to upgrade IOC boilers at Barauni
THERMAX Babcock &Wilcox Ltd (TBW), the captive power and cogeneration boiler company, has signed up an order for automation and spares worth Rs 11 crore with Indian Oil Corporation (IOC) to help the public sector oil major save crores of ... More

RESEARCH & DEVELOPMENT

Ranbaxy to collaborate with MMV for malarial drugs
RANBAXY has taken over the baton from Swiss-major Roche for the development of a synthetic peroxide anti-malarial drug. In an agreement inked in Geneva recently, Ranbaxy Laboratories Ltd would collaborate with non-profit organisation `Medicines ... More

ANNOUNCEMENTS

Colgate meet on second interim

OCL to pay 25%

CORPORATE DISPUTES

MRF, JK spat over truck tyre ad
TYRE majors — MRF and J.K. Industries — continue to spat with each other on their respective advertising claims. J.K. Industries (JKI) has claimed victory in the latest round, with the Advertising Standards Council of India (ASCI) ... More

COMPANY LAW

Employers oppose workers' participation in management Bill
THE Employers Federation of India (EFI) and PHDCCI have opposed the proposed Workers Participation in Management Bill (which is pending in the Rajya Sabha since 1990) saying it would cause serious impediment in expanding the industrial base. ... More

AWARDS & HONOURS

OEN India MD bags CII award
THE immediate past Chairperson of CII-Kerala and Managing Director of OEN India Ltd, Ms Pamela Anna Mathew, has been awarded the CII award for outstanding contribution. Mr Ratan Tata, Chairman, Tata Sons, presented the award to her at the CII ... More

COURTS/LEGAL ISSUES

Dabur seeks court nod for pharma demerger
DABUR India Ltd today filed its scheme of demerger with the Delhi High Court for approval. The company expects the entire demerger process to be completed by October this year. At its board meeting last week, the company's directors had ... More

MERGERS & ACQUISITIONS

Coromandel buys more of GFCL stake
CLOSE on the heels of Andhra Pradesh Government's decision to divest its 26 per cent holding in the Rs 994-crore Godavari Fertilisers and Chemicals Ltd (GFCL) last fortnight, Coromandel Fertilisers Ltd (CFL), part of the Chennai-based Murugappa ... More

Bayer India, Cropscience swap ratio at 5:3
THE board of directors of Bayer India Ltd and Bayer Cropscience India Ltd (BCIL) today approved the merger of the two companies and announced a swap ratio of 5:3 (for every 3 shares of Bayer Cropscience, shareholders will receive 5 shares of ... More

Matrix Labs fixes record date for Vorin, Medicorp merger
With the High Courts at Hyderabad and Chennai approving the scheme of amalgamation of Ranbaxy-owned Vorin Laboratories Ltd (VLL) and the Chennai-based Shriram Group promoted Medicorp Technologies India Ltd (MTIL) with the Hyderabad-based Matrix ... More

NEW PROJECTS

Usha Martin's Dubai unit may go on stream by Aug
THE city-based Usha Martin group's Dubai unit is expected to be commissioned by August, providing a fillip to exports. Company sources told Business Line that the 6,000- tonne wire ropes unit, which is being implemented at a cost of $ 3 ... More

TRADE & LABOUR UNIONS

Workers, police clash at Daewoo plant
A CLASH between workers and police on Monday at the defunct plant of Daewoo Motor India Ltd at Surajpur in Greater Noida left 14 persons, including 11 policemen injured. The violence erupted after the workers protested against the takeover of ... More

ALLIANCES & JOINT VENTURES

RIL, DuPont in R&D tie-up

OUTLOOK

Su-Kam Systems targets Rs 120-cr turnover
SU-KAM Communication Systems, manufacturers of the leading Su-Kam brand of inverters, is targeting a 70 per cent increase in its turnover to Rs 120 crore this year. According to Mr Kunwer Sachdev, Managing Director, Su-Kam Communication Systems ... More

PEOPLE

New COO for Sylvan Learning

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