The Hindu Business Line : Saturday, July 12, 2003

Impal to pay 150 pc
INDIA Motor Parts Ltd has kicked-off its 50th year celebrations with a 150 per cent dividend for 2002-03, 30 percentage points higher than for the previous year. The company's board of directors has recommended a dividend of Rs 15 per share, ... More

US co `keen to source' batteries from Exide
EXIDE Technologies, US, has shown interest in sourcing batteries from Exide Industries Ltd for distribution in the Chinese market, according to Mr S.B. Ganguly, Executive Chairman & CEO of Exide Industries Ltd. Talking to newspersons at the end ... More

J B Chem to launch respiratory products
The international business is to get a considerable boost with the United States Food and Drug Administration likely to complete inspection of the company's tablet-making facility at Panoli by December 2003. More

Country Club asset stripping cleared

COURTS/LEGAL ISSUES

US court rejects Dr Reddy's plea against Pfizer
Pfizer did not file a lawsuit against the former within the 45-day period prescribed by the Hatch-Waxman Act. More

SOFTWARE

Corporates go for security software
BE they banks, telecom companies or plain vanilla manufacturing companies, as corporate India gets networked and connected, Indian enterprises are on high alert. They are growing more security conscious as they get a taste of the strengths and ... More

NEW PROJECTS

Adani Wilmar to double capacity
Once the additional refining capacity is put in place, crude edible oils import is set to touch 55,000 t per month. More

TRADE & LABOUR UNIONS

Strike threat at Pepsi plant
THE Pearl Bottling Private Ltd (Pepsi) Employees' Union at Madhurawada near here has served a strike notice in protest against the alleged moves of the management to break the union. At a press meet here on Friday, Dr K.S Mohana Kumar, General ... More

ALLIANCES & JOINT VENTURES

Mukta Arts, Adlabs form joint venture
MUKTA Arts Ltd and Adlabs Films Ltd have announced that they have set up a 50:50 joint venture, Mukta Adlabs Digital Exhibition Ltd which will target to update 400 B class theatres across India within the next one year. The companies did not ... More

OUTLOOK

NEG Micon turnover may touch Rs 500 cr — Expects boost from domestic sales
WITH the growth in the wind energy sector, NEG Micon (India) Pvt. Ltd expects its turnover to go up to Rs 800-1,000 crore next year (calendar year). This year, it expects to end with a turnover of Rs 500 crore, which itself is a jump from about ... More

PERFORMANCE

Co-marketing pacts boost Orchid's formulations sales
ORCHID Chemicals & Pharmaceuticals' formulation business (drugs in final form such as tablets) contributed 12 per cent (5 per cent) to Orchid's sales in 2002-03. The company's annual report for 2002-03 identified co-marketing arrangements ... More

Matrix Labs announces 50 pc dividend
THE board of directors of Matrix Laboratories Ltd (MLL), the merged entity of Matrix Labs, the Ranbaxy-controlled Vorin Labs and the Chennai-based Shriram group promoted Medicorp Technologies, which met here on Friday to take on record the ... More

PEOPLE

Top level changes in Hindalco, Indo Gulf
ADITYA BIRLA Group companies - Hindalco Industries Ltd and Info Gulf Fertilizers Ltd - - will have new chiefs from October. Mr A.K. Agarwala, Whole-Time Director, Hindalco Industries, will step down to be replaced by Mr Debu ... More

NEW PRODUCTS & SERVICES

Chevrolet to be GM's mainstream brand
WITH the launch of the Chevrolet Optra, General Motors India says the Chevrolet brand will be its mainstream brand in the country while Opel will be the premium brand. Both the brands will co-exist, company officials told journalists here on ... More

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