The Hindu Business Line : Friday, August 15, 2003

Ranbaxy gets US nod for Amoxicillin
PHARMA major Ranbaxy Laboratories Ltd has received the green signal from the US regulatory authority to market its new dosage form of Amoxicillin, which is used to target bacterial infections in children. The company said that it had received ... More

BHEL bags EPC contract for Korba thermal project
BHARAT Heavy Electricals Ltd (BHEL) has won an engineering, procurement and construction (EPC) contract for setting up two units of 250 MW each at Korba (East) thermal power project (TPP) in Chhattisgarh. The contract, valued at Rs 1,700 ... More

PSL bags L&T contract

Hyderabad Met sells stake in Avon Organics

ENVIRONMENT

ADB identifies 3 sectors for cleaner production funding
THREE industrial sectors have been picked as candidates for cluster-funding by the Asian Development Bank (ADB) to adopt cleaner production techniques in the State. The Karnataka Cleaner Production Centre (KCPC), under the Industries ... More

FINANCIAL PERFORMANCE

Super Spinning Q1 net sales up 23 pc
COIMBATORE: Super Spinning Mills Ltd has posted a 23 per cent rise in its net sales during the quarter ended June 30, 2003. Sales turnover rose to Rs 73.65 crore as compared to Rs 59.50 crore for the same period in the previous year. Net ... More

HUMAN RESOURCES

Allegations against Balco, Modern Foods — Govt sets up fact-finding team: Shourie
THE Union Government has set up a fact-finding team to look into allegations of violation of provisions for protecting workers' interests by the new private management of Balco and Modern Foods India Ltd (MFIL), two PSUs that were privatised as ... More

NEW PROJECTS

Mainetti plans second unit
MAINETTI, one of the world's better known garment hanger brands, plans to set up its second facility in India, according to Mr Michael Stakol, Group Chief Executive, Mainetti, who was here to inaugurate the company's manufacturing unit. The ... More

Opal Ind plans Rs 120-cr expansion
THE Pune-based Opal Industries, manufacturers of wall clocks, plans a Rs 120-crore investment for expansion, in three phases, to manufacture wristwatches, leather accessories, and writing instruments, according to Mr Subhas Gujar, Managing ... More

REGULATORY BODIES & RULINGS

Producer cos can invest in PFIs from general reserves
`PRODUCER companies' can now park funds from their general reserves in public financial institutions (PFIs). The Department of Company Affairs (DCA) has allowed these companies to invest in shares, securities or assets of PFIs, which are ... More

ALLIANCES & JOINT VENTURES

Hako to make Roots hub for outsourcing
HAKO-Werke GmbH, a Germany-based manufacturer of mechanical cleaning machines, plans to make its joint venture in India — Roots Multi Clean Ltd (RMCL) — an outsourcing hub to meet the demand for cleaning machines worldwide. The ... More

Golden Park Hotel comes under Quality Inn chain
THE city-based 4-star Golden Park Hotel, a property of the Gujaral Group of Hotels, has become a Quality Inn chain hotel following a tie-up arrangement with Choice Hospitality (I) Pvt Ltd under the franchise of Quality Inn. This was announced ... More

SOCIETY & DEVELOPMENT

Wipro shows it really cares
WIPRO's hardworking techies, like others of their ilk in Bangalore, can afford little time and effort to participate in community activities or share Bangalore's problems as the city expands and grows. Though it is the IT industry that has put ... More

SICK UNITS

Kerala CM to take up FACT issue with Centre
THE Chief Minister, Mr A.K. Antony, will take up with the Centre the proposal for transfer of the ownership of Fertilisers and Chemicals Travancore (FACT) to the co-operative sector. The Industries Minister, Mr P.K. Kunhalikutty, said in the ... More

Asia Pacific Equity becomes strategic investor in Restile
ASIA Pacific Equity Holdings Ltd (APEHL), a company incorporated in the British Virgin Islands and owned by the Managing Director of Singapore-based Capital Managers Asia (CMA), has become the strategic investor in Restile Ceramics Ltd (RCL), the ... More

OUTLOOK

Technical tie-up with Kinetic likely — Hyosung plans India as export base for Aquila
HYOSUNG Motors is planning to use India as an export and production base for its 250 cc cruiser bike, Aquila as its cost is expected to be at least 30 per cent cheaper if the motorcycle is manufactured in India. Kinetic Engineering is already ... More

Canon bullish on growing market for consumables
Currently, India's printer market is estimated at five lakh units per annum and has seen a growth rate of about 25 per cent. Canon at present has a market share of 16 per cent in this segment and is targeting to increase it to 20 per cent this year. More

PEOPLE

Noel Tata now joins Titan board
MR Noel N. Tata, appointed earlier to the board of Voltas, is now a Director at Titan Industries Ltd as well. The company informed the BSE today that Mr Tata has been appointed as Director effective August 7. Half brother of the Tata Group ... More

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