The Hindu Business Line : Wednesday, December 24, 2003

Ranbaxy set to defend UK arm against price-fixing charge
The recent price-fixing allegations came close on the heels of the boardroom shake-up that Ranbaxy witnessed on Monday, when its CEO and Managing Director, Mr D.S. Brar, announced his decision to step down. More

Hind Latex in pact with Chinese healthcare co
PUBLIC sector contraceptives major Hindustan Latex has entered into a memorandum of understanding with Zizhu Pharma Beijing, a Government of China undertaking, for introducing new generation contraceptives and healthcare products in India. A ... More

Wockhardt granted marketing rights for antibacterial drug

Tandav Films making debut

USFDA nod for Ranbaxy anti-infective

BUYBACK

Buy-back of equity/preference shares — ICSI releases guidance note to deal with inherent intricacies
The guidance note, however, does not deal with buy-back of debentures or any other kind of security. It is a process whereby a company purchases its own shares or other specified securities from the holders thereof for improving the earnings per shar e (EPS), or to improve return on capital or return on net worth and to enhance the long-term shareholder value, among other things. More

Amalgamated Bean Coffee to buy back American International's 30 pc stake
AMALGAMATED Bean Coffee Trading Company Ltd (ABCTCL) is in the process of buying back the 30 per cent strategic stake that the private equity player American International Group (AIG) had picked up in the coffee major in 2002, Mr V.G. Siddhartha, ... More

ACCOUNTANCY

To streamline disciplinary mechanism — 3 separate Bills introduced for professional institutes
THE Government has gone a step closer towards overhauling the disciplinary procedures governing the members of the three professional institutes — the Institute of Chartered Accountants of India (ICAI), Institute of Cost & Works Accountants ... More

MERGERS & ACQUISITIONS

BIFR okays Tata Steel's takeover of Indian Steel
THE much-awaited takeover of Indian Steel and Wire Products Ltd (ISWPL) by Tata Steel has come through. The Board for Industrial and Financial Reconstruction (BIFR) has accepted Tata Steel's proposal for takeover of Indian Steel on ... More

NEW PROJECTS

Jindal Thermal power project hits roadblock
THE Jindal group's move to locate its power plant near Mangalore has come a cropper faced with the Karnataka Government's reservations. Highly placed sources said that the State Government has declined to enter into an agreement with Jindal ... More

INTERVIEW

`Happy days for shipping will continue till 2005'
IT is champagne time for the Indian shipping industry. As bullish trends are sweeping through every segment of the freight market, from the tanker and bulk carrier to the liner trade, shipping companies are raking in profits like never before and ... More

OUTLOOK

H&R Johnson targets Rs 600-cr turnover
RAHEJA Group company H&R Johnson (India) Ltd has targeted a turnover of Rs 600 crore during the fiscal 2005-06. During the year ending March 31, 2004, the company hopes to achieve a turnover of Rs 450 crore, up from Rs 416 crore achieved in ... More

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