The Hindu Business Line : Friday, June 06, 2003

`TN plant a model in Saint-Gobain'
THE mirror line at the Saint-Gobain Glass India plant at Sriperumbudur, about 55 km from here on the national highway to Bangalore, is viewed as a model mirror plant within the Saint-Gobain group, according to the company. The reason for this ... More

ANNOUNCEMENTS

M&M board okays delisting

Additional charge for Timex MD

OPEN OFFERS

Voluntary offer on Sesa Ind shares
MUMBAI: Sesa Goa Ltd is making a voluntary offer to acquire the remaining 24.56 per cent equity stake of Sesa Industries Ltd at a price of Rs 30 per share. Sesa Goa is currently holding 75.44 per cent of equity capital of Sesa ... More

AWARDS & HONOURS

Award for Coca-Cola unit

ENVIRONMENT

Mitsubishi Chem faces pollution control problem at Haldia unit
Sources said that bank guarantees were introduced by the WBPCB in replacement of its earlier `command - and-control' method to check pollution by the big industries in the State. More

CESC adopts multi-pronged strategy to check pollution
CESC Ltd, the flagship company of the R.P. Goenka group, has unveiled a multi-pronged strategy to combat pollution at its five thermal power plants, some of which are over 50-years-old. Speaking to Business Line on the occasion of World ... More

MERGERS & ACQUISITIONS

`Poor response' to Grasim's open offer for L&T stake
GRASIM Industries' open offer for 20 per cent stake in Larsen & Toubro has, from all accounts, fetched a very poor response from shareholders of Larsen & Toubro. Today was the closing day of the issue. Estimates of the extent of response to ... More

IFCI not willing to part with its holding — Moody's seeks larger stake in ICRA
MOODY'S is on the prowl for increasing its stake in the Indian credit rating agency - ICRA Ltd. Should things go its way, this would be the second time, since it first picked up stake in the rating agency in December 1998, that Moody's ... More

REGULATORY BODIES & RULINGS

Simplified exit scheme for defunct companies
TO provide an easy exit route for defunct companies in Kerala, the Registrar of Companies has announced the Simplified Exit Scheme 2003 in the State, which was introduced by the Department of Company Affairs, Union Finance Ministry. The ... More

ALLIANCES & JOINT VENTURES

Birla Tyres to bundle life cover with products — Ties up with ICICI Lombard
BIRLA Tyres, part of the diversified Rs 20,000-crore B.K. Birla group, has drawn up expansion plans which would entail creation of additional capacity to strengthen its domestic base, expand its export portfolio and make it a global outsourcing ... More

Shasun inks pact with Eli Lilly for TB drug
SHASUN Chemicals & Drugs and Eli Lilly, US have signed a letter of intent (LoI) for the supply of cycloserine, an anti-tuberculosis drug. The LoI envisages transfer of technology by Lilly, and manufacture of the drug in India by Shasun. ... More

SICK UNITS

Mangalam Cement told to reveal Lafarge's stake
THE Board for Industrial and Financial Reconstruction (BIFR) has directed Mangalam Cement Ltd (MCL) to disclose the quantum of Lafarge holding in the company. It has also stipulated that the company should not redeem the unopted optionally ... More

OUTLOOK

BD India hopes to export insulin syringes to China
BD India, a wholly-owned subsidiary of the US-based healthcare company Becton, Dickinson and Company, hopes to make a breakthrough in its efforts to exports to China with an initial shipping expected by the end of this year. It hopes to sell 10 ... More

Dr Reddy's to enhance high-margin portfolio — Targets $19-b US generics pipeline
AFTER analysing the performance for the fiscal ended March 31, 2003 wherein the net profit has fallen by 28 per cent despite a growth of nine per cent in revenues, Dr Reddy's Laboratories Ltd, the Hyderabad-based pharmaceutical major, has evolved ... More

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