FINANCIAL PERFORMANCE
D-Link Q3 net doubles
HELPED by a sharp rise in other income and improved sales of locally designed and developed products, D-Link (India) Ltd has posted a net profit of Rs 8.02 crore for the quarter ended December 31, 2003, an increase of 101.63 per cent on Rs 3.97 ... More

MERGERS & ACQUISITIONS
Adlabs board okays stake buy in Prime Focus
THE board of Adlabs Films Ltd has approved the acquisition of up to 6 per cent stake in Prime Focus Ltd, a closely held public limited company engaged in providing post-production services - editing, special effects, sound mixing and computer ... More

Sterling Bio buys Rallis gelatine unit
GLOBAL player in pharma grade gelatine, the Mumbai-based Sterling Biotech Ltd has entered into a memorandum of understanding with Rallis India Ltd, for the transfer of the latter's gelatine business into the Sterling-fold. The acquisition has ... More

SET India to acquire 100% stake in Singapore entity
AS part of an internal restructuring exercise, Sony Entertainment Television (SET) India has decided to acquire 100 per cent equity in SET Satellite Singapore through a share swap and increase the foreign holding in the Indian entity to 90 per ... More

Moody's set to up stake in ICRA
MAJOR Indian financial institutions are selling part of their stake in the country's premier credit rating agency, ICRA, to its foreign partner and global credit rating agency, Moody's. Moody's currently hold 23.44 per cent stake in ICRA ... More

DSP Merrill tops M&A league in 2003
DSP Merrill Lynch has topped the merger and acquisition league table 2003, according to the annual survey of corporate finance deals in India, conducted by India Advisory Partners. The 16 deals handled by the company are valued at Rs 2,918 ... More

NEW PROJECTS
Jindal Steel plans to set up 1,000 MW plant in Chhattisgarh
JINDAL Steel and Power Ltd (JSPL) is poised to enter the power sector in a big way. The company is setting up a 1,000-MW coal-based power plant at Raigarh in Chhattisgarh with an investment of about Rs 3,999 crore. JSPL will be setting up the ... More

GOCL Hyderabad unit to reopen today
THE Hyderabad Factory of Gulf Oil Corporation Ltd (GOCL), which was shut down following a blast on November 26, 2003, will reopen tomorrow. GOCL has decided to restart activities at the Indian Detonators Ltd (IDL), the Kukatpally unit in ... More

ALLIANCES & JOINT VENTURES
Gamesa plans joint venture with Pioneer Asia
GAMESA Eolica, a Spanish firm, plans to set up a joint venture company with the Pioneer Asia group of Sivakasi, Tamil Nadu, to manufacture its wind turbines in India. The two companies hope to complete negotiations and get the joint venture ... More

Indo Rama in tech pact with Zimmer AG for expansion
POLYESTER manufacturer, Indo Rama Synthetics (I) Ltd (IRSL), has announced plans to double polyester production capacity at its Nagpur facility from the existing 800 tonnes per day (TPD) to 1,600 tpd by September 2005. For this purpose, the ... More

OUTLOOK
Salora sees potential for component exports
WITH electronics getting more high tech in the developed world, Salora International Ltd is seeing potential for exports. "With television makers abroad phasing out production of components for conventional televisions due to declining demand ... More

AIG keen to invest in biotech, IT sectors
AMERICAN International Group Inc (AIG), which has invested funds in telecom and infrastructure projects in India, is looking at business opportunities in other sectors such as knowledge-based industries, biotechnology, energy sources, logistics, ... More

PEOPLE