The Hindu Business Line : Tuesday, August 26, 2003

Ranbaxy, Manipal Group join hands for research centre
RANBAXY Labs and the Manipal Group-owned Kasturba Medical College have jointly set up a clinical research centre in Manipal. The new centre, which marks a step in collaborative research, has been opened at the Department of Pharmacology at KMC ... More

Dr Reddy's bullish on molecule launch — Plans hike in R&D spend to 10 pc of revenue
CLAIMING to have proved the views of sceptics wrong on the capabilities of Indian pharmaceutical companies entering the drug discovery arena, Dr Reddy's Laboratories Ltd said it was bullish on reaching the markets with its own molecule during the ... More

ANNOUNCEMENTS

BASL to provide roadmap for Guyana sugar upgradation
AN eleven-member team headed by the President of Guyana, Mr Bharrat Jagdeo, is to visit Bannari Amman Sugars Ltd (BASL) at Sathyamangalam in Erode District on Tuesday. BASL, incidentally, has been identified as the best sugar mill in the ... More

Colgate-Palmolive declares Rs 2.25 interim dividend
COLGATE-PALMOLIVE (India) Ltd has declared a first interim dividend of 22.5 per cent i.e. Rs 2.25 per share for the financial year 2003-04. The interim dividend requires a total payout of Rs 34.5 crore (inclusive of the dividend distribution ... More

3M launches car care services

BUYBACK

Nestle signs buyback pact with BNIL
NESTLE Food Products Ltd has entered into a 100 per cent buyback arrangement with Bengal Nestor's India Ltd (BNIL) for its ultra heat treated (UHT) milk and other diary products, to be produced from BNIL's plant at Ausgram in Bardhaman district ... More

MERGERS & ACQUISITIONS

Avis Tie Up consolidates stake in Texmaco
AVIS Tie Up Ltd has increased its equity holding in Texmaco Ltd by nearly 2 per cent. In a communiqué to stock exchanges, Texmaco said Avis Tie Up increased its holding to 4,94,666 equity shares on last Tuesday from 3,87,524 shares held by it ... More

NEW PROJECTS

KCP Sugar to expand capacity
K.C.P. Sugar and Industries Corporation Ltd plans to expand its distillery and anhydrous alcohol production capacity to 50 kl per day from the existing 25 kl, according to company sources. It is looking at investing over Rs 10 crore, of which ... More

INTERVIEW

`Kelvinator will emerge as most respected brand'
DETERMINED to regain lost ground in the densely populated consumer durables market, Electrolux Kelvinator Ltd (EKL), the Indian joint venture of the Swedish white goods major AB Electrolux, wants to focus on the three Rs of restructuring, ... More

SOCIETY & DEVELOPMENT

ITC takes up social forestry programme in AP
THE Indian Leaf Tobacco Development Division (ILTD) of ITC Ltd has taken up a major social forestry programme to create sustainable livelihood for poor tribals in about eight mandals of Khammam district. The project involves the development of ... More

OUTLOOK

Hero Honda expects pressure on margins to continue
INDIA'S largest two-wheeler maker, Hero Honda Motors Ltd (HHML) has said pressure on its profit margin would continue this year, though overall volumes are likely to be better in 2003-04 than in the last fiscal. "My gut feeling is that there ... More

HM hopes to sell 20,000 Ambys
HINDUSTAN Motors Ltd (HM) is hopeful of selling 18,000-20,000 units of the Ambassador car in the current fiscal. Out of this, the just-launched "Ambassador Grand" will account for about 2,000 cars. In 2002-03, the company sold around 14,000 ... More

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