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Sunday, August 17, 2003

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RESEARCH & DEVELOPMENT


Grasim to set up textile research centre in Gujarat
Grasim Industries Ltd is setting up a Textile Research and Application Development Centre (TRADC) at Kharach in Gujarat. The facility, to be set up with an initial investment of Rs 30 crore, will be ready by July-August 2004. According to Mr ... More

ANNOUNCEMENTS


Sinclairs abandons Haldia hotel plans
THE Sinclairs group has abandoned its plans of putting up a three-star hotel in Haldia, instead concentrating on consolidating and refurbishing its existing properties. According to sources, the decision regarding the Haldia project was taken ... More

PRIVATE PLACEMENT


Rollatainers board allots shares to promoter
ROLLATAINERS Ltd, Fairdabad-based ailing packaging company, has informed the stock exchanges that the board meeting held on Thursday allotted 32,10,000 equity shares of Rs 10 each at par by way of private placement to the company promoter, Mr ... More

PREFERENTIAL ALLOTMENTS


Avanti Leathers promoters to get preference shares
WITH the bankers insisting the promoters to increase the long-term funds, Avanti Leathers Ltd (ALL), the Chittoor-based ailing leather products company, has decided to offer cumulative redeemable preference shares in favour of ALL promoters in ... More

OVERSEAS BORROWINGS


Syndicated loans: SBI top book-runner
STATE Bank of India, has emerged as the top book-runner for syndicated foreign currency loans for Indian corporates during January-July, 2003, according to figures published by the IFR (Asia), a sister publication of International Financial ... More

AWARDS & HONOURS


SAIL team gets Shram Ratna
THE Government has announced the names of the 38 persons for the Prime Minister's Shram Awards for the year 2003 for people employed in the various departmental undertakings and public sector units, according to an official release. The ... More

COURTS/LEGAL ISSUES


Probe against DSQ MD: Police move SC
THE Kolkata police have filed a special leave petition last week in the Supreme Court against an interim order of the Madras High Court in July asking Kolkata police not to arrest Mr Dinesh Dalmia and fixing a date for further hearing in a case ... More

RESTRUCTURING


TTK Prestige recasts; expects turnaround soon
TTK Prestige has restructured its organisation and through a series of cost cutting exercises expects to turnaround the company during the current year itself. The TTK Prestige Managing Director, Mr S Ravichandran, told Business Line ... More

NEW PROJECTS


Granules begins commercial PFI operations
GRANULES India Ltd (GIL), the Hyderabad-based pharmaceutical company specialising in pharmaceutical formulation intermediates (PFIs), has commenced the commercial operations of its new PFI facility at Gagillapur in the city outskirts here on ... More

OUTLOOK


Turning over a new leaf
AFTER greeting the government's initial attempts at restructuring subsidies with protests and misgivings, the fertiliser industry appears to be adapting quite well to the transition. Players are getting together to ... More
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Looking back
Aug. 10-Aug. 16
CBO: A new name for company secretary?

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