The Hindu Business Line : Sunday, September 07, 2003

Shiva Cement move to look for partner again
FOR the second time in less than three years, the Rourkela-based Shiva Cement Ltd (SCL) has mandated a merchant banker to search for a strategic partner. SCL's board of directors meeting took the decision on August 27. It has also appointed a ... More

TV 18 board okays changes in bylaws
THE board of directors of Television Eighteen India Ltd (TV 18) on Saturday approved alteration of the company's bylaws to enhance its authorised capital and provide flexibility for capital restructuring, the sale of business news undertaking and ... More

Viceroy Hotels swaps high-cost debt — To set up 2nd restaurant in US
HAVING decided to set up a second restaurant in the US, the Hyderabad-based Viceroy Hotels Ltd (VHL) is now on course to bringing down its interest expenses by way of going in for swapping of existing high-cost debt with low interest borrowings. ... More

CORPORATE BONDS

NTPC's bond issue gets `AAA'
CRISIL has assigned an `AAA' rating to National Thermal Power Corporation's (NTPC) Rs 500-crore bond issue. The ratings continue to reflect NTPC's dominant position in the domestic power generation sector given that it owns almost one-fifth of ... More

NEW PROJECTS

Dainik Bhaskar earmarks Rs 125 cr for expansion
THE Dainik Bhaskar group is planning to invest Rs 125 crore in expanding the operations of its flagship brand of Dainik Bhaskar and the newly launched Gujarati newspaper, Divya Bhaskar. An investment of Rs 105 crore would be made ... More

ALLIANCES & JOINT VENTURES

The Waterbase in strategic alliance with INVE
THE Waterbase Ltd, a division of the Vikram Thapar group, and INVE of Belgium have entered into a strategic alliance for technology collaboration and joint investments in aquaculture in the country. Announcing the alliance here on Saturday, Mr ... More

INTERVIEW

`Steel prices are expected to be stable'
"A resurgence in infrastructure development and favourable market conditions has aided the entire steel industry." More

STANDARDS & BENCHMARKS

Frick India gets ISO 9001
NEW DELHI: Frick India Ltd, solution provider for industrial refrigeration equipment and turnkey solutions, has received ISO 9001:2000 certification for quality management systems. The company has received the certification for its ... More

OUTLOOK

Natco Pharma gears up for regulatory approvals
BUOYED by the turnaround, obtaining the Australian TGA approvals for one of its units and the success of finished dosage formulations — all in one financial year, Natco Pharma Ltd (NPL) is now gearing up for the UK MCA and the US FDA ... More

Apollo International sees break-even in two years in lottery business
`Lottus' would set international benchmarks and support "responsible gaming" as a part of adult entertainment. More

PERFORMANCE

Toyota sales up 50 pc in August
THE total sales of Toyota-Kirloskar Motor Company increased nearly 50 per cent to 3,492 vehicles during August 2003 compared with the same period last year. According to sources in Toyota-Kirloskar, the sale of its flagship brand Qualis ... More

PEOPLE

Ravi Sinha quits as SRF CEO
AFTER having been at the helm of affairs of the Rs 900-crore SRF Ltd over the last two-and-half years, Mr Ravi Sinha has now stepped down from the post of Chief Executive Officer (CEO) of the company. The board of SRF is yet to consider and ... More

Seshasayee joins IndusInd Media board
MUMBAI: IndusInd Media and Communications Ltd (IMCL), a Hinduja-owned company, has announced the appointment of Mr K.V. Seshasayee to its board. Mr Seshasayee, who was previously with GSM operator Fascel Ltd, had been recently involved ... More

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