The Hindu Business Line : Saturday, September 20, 2003

NDDB arm to develop rabies vaccine — To set up plant, R&D centre
INDIAN Immunologicals Ltd, a wholly-owned subsidiary of the National Dairy Development Board, in association with the Bangalore-based Indian Institute of Science, expects to come up with a DNA-based anti-Rabies vaccine in a year's time. The ... More

ANNOUNCEMENTS

R.P. Goenka keen to step down, may hand over CESC charge to son Sanjiv
MR Rama Prasad Goenka, Chairman of CESC Ltd, is keen on stepping down from his post. He gave this indication at the 25th AGM of the company, citing his advancing years. Talking to Business Line midway through the five-hour long meeting, ... More

Shell retail outlet plans under review
THE Shell group of companies, which has earmarked a Rs 3,000-crore investment in a LNG regassification terminal in Gujarat, has admitted that its other investment plans in the country had got derailed following the recent Supreme Court ruling on ... More

Indian Hotels board meet on Oct 1
INDIAN Hotels Company Ltd today informed the BSE that its board is scheduled to meet on October 1, to consider a proposal on whether or not to make a bid for acquiring a hotel property overseas. IHCL's spokesperson declined further detail on ... More

Correction

PNC's new film release next week

Maral suspends operations at Sarovar

ACCOUNTING STANDARDS

ICAI clarifies on unamortised VRS payments
THE Institute of Chartered Accountants of India (ICAI) has clarified that listed enterprises should not adjust the balances of expenditure on intangible items — which have already been treated as deferred revenue expenditure — against ... More

ENVIRONMENT

Go green, CII tells corporates
LAUNCHING a green campaign in the corporate world, the Confederation of Indian Industry (CII) on Friday appealed to the Indian industry to focus on environment-friendly initiatives, which not only make the industry competitive but also make sound ... More

Tata Power plans to set up more greenfield projects
TATA Power has written to the Maharashtra Government seeking environmental clearances for converting two of its Trombay units from combined-cycle to coal-fired ones. It has also made a detailed proposal for executing two greenfield power ... More

RESTRUCTURING

Bayer seeks nod of shareholders for shifting biz to arm
BAYER (India) Ltd is seeking shareholders' approval to transfer all its businesses other than crop science to a wholly owned subsidiary. The company informed the Bombay Stock Exchange that it is seeking shareholders' approval by postal ballot ... More

ALLIANCES & JOINT VENTURES

ABP to hold 74 pc, Star 26 pc in MCCS
ABP Pvt Ltd and Star Group today entered into an agreement under which ABP would take a 74 per cent stake and Star 26 per cent stake in Media Content and Communications Services Pvt Ltd (MCCS) for broadcasting Star News. The agreement, which is ... More

Strides in pact with S. African pharma major
THE Bangalore-based Strides Arcolab has entered into an exclusive co-operation agreement with South African pharma producer Aspen Pharmacare. The co-development and supply agreement covers sharing of product development expertise and quality ... More

INTERVIEW

`We will launch distance education early next year'
THE Indian Institute of Management, Bangalore, has with changing times met up to new challenges in management education. Needless to say, rewards have come its way. First it was rated `India's best business school', next `Asia's best', and now ... More

EVENTS

Green Summit begins — India Inc shedding crocodile tears: NGOs
EVEN as the captains of the Indian industry gathered here today to set off a major corporate green initiative, representatives of some non-governmental organisations and people's movements termed the effort as `Greenwashing Corporates Crimes', ... More

SOCIETY & DEVELOPMENT

Lead purifier steel filters for school children
NEARLY 40 families of poor school children, who have high level of lead in their blood, will be provided with stainless steel filters fitted with lead removal purifiers at a function at Kasturba Medical College (KMC), Mangalore, on Saturday. ... More

IPOS

Amareshwara Agri plans IPO
AMARESHWARA Agri Bio (AAB), a three-decade-old biotech company, is all set to come out with an initial public offering (IPO) to raise up to Rs 25 crore. It has appointed Firstcall India Equity Advisors as the financial advisors to navigate it ... More

SICK UNITS

FACT submits revival proposal to Kerala CM
THE ailing Fertilisers and Chemicals Travancore Ltd (FACT) has submitted a detailed revival proposal to the KeralaChief Minister soliciting the State's support by way of granting concessions apart from persuading the Union Government to expedite ... More

OUTLOOK

Volvo has no plans for low payload trucks
VOLVO India Private Ltd may feel partly vindicated on its predictions about the Indian commercial vehicles market, but that has by no means fuelled ambition to be a volume player. There are no plans at present to bring in lower payload trucks ... More

PERFORMANCE

SAIL plants achieve over 100 pc capacity utilisation
In the five-month period, SAIL achieved the highest ever export of 5.1 lakh tonnes to clock a growth of 126 per cent on this front. More

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