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Thursday, February 12, 2004

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ANNOUNCEMENTS
Ranbaxy launches liquid form of diabetes drug in US
RANBAXY Laboratories Ltd (Ranbaxy) has launched the liquid form of Metformin used to treat Type 2 diabetes called RiometTM (Metformin HCl oral solution) 500 mg/ml, in the US market. Type 2 diabetes is the seventh leading cause of death in the ... More

Dubai Cable bags Delhi Metro contract
DUBAI Cable Company (Private) Ltd (Ducab) has signed a $3-million contract with the Dubai-based Emirates Trading Agency (ETA) for the delivery of fire performance cables for the Delhi Metro Corridor MC 1A project. The deal marks the entry of ... More

ACCOUNTING STANDARDS
After 25 years, ICAI revises accounting norms `Preface'
IN a significant move, the Institute of Chartered Accountants of India (ICAI) has revised the `Preface' to the statements of accounting standards that are issued by the institute. The first and only version of the Preface was issued in 1979. ... More

PREFERENTIAL ALLOTMENTS
Ashok Leyland may make pref offer to promoters
ASHOK Leyland may make a preferential offer of shares to its promoters, LRLIH Ltd of UK, as part of its efforts to raise $ 100 million from overseas markets. The company has informed the stock exchanges the board's decision to issue GDRs or ... More

OVERSEAS BORROWINGS
Zee Tele plans to raise $100 m through FCCBs
ZEE Telefilms Ltd (ZTL) will be going in for a foreign currency convertible bond (FCCB) issue to raise $100 million (around Rs 453 crore) to meet its capital expenditure requirements. The bonds would be convertible into the company's equity ... More

OUTSOURCING
Dishman to tap market to support outsourcing
WITH outsourcing in the global pharmaceutical segment not facing the negative overtones witnessed in infotech, the Ahmedabad-based Dishman Pharmaceuticals & Chemicals Ltd is looking to strengthen its research and manufacturing facilities to ... More

ENVIRONMENT
Hindustan Paper plans to convert wastes into energy
HINDUSTAN Paper Corporation (HPC) has initiated a move to generate power, although in a limited way, at its Nagaon Paper Mill (NPM) in Assam, utilising mill wastes including fly ash along with coal fines. The objective is to use entire dry fly ... More

FINANCIAL PERFORMANCE
Ester Industries Q3 net at Rs 13.62 cr
BI-AXIALLY oriented polyester film manufacturer, Ester Industries Ltd has reported a net profit of Rs 13.62 crore on a net sales of Rs 70.99 crore for the quarter ended December 31,2003. It had reported a net profit of Rs 1.77 crore on net sales ... More

HUMAN RESOURCES
Over 100 cos to participate in IIMB campus placements
OVER a 100 companies have confirmed their participation at the campus placements for the graduating batch of 2004 at the Indian Institute of Management, Bangalore, according to Mr Ganesh N. Prabhu, Associate Professor and Chairperson, Placements, ... More

SICK UNITS
Panel to look into sops for Dabhol revival
THE Maharashtra Cabinet on Wednesday decided to set up a new committee headed by the State Energy Secretary to consider a slew of concessions for the beleaguered Dabhol Power Company, if a new promoter were to take over. The State planned to ... More

OUTLOOK
Marico banks on value-addition for growth
NEW product portfolio will be the growth driver for Marico during the current fiscal, said a senior official of the company. "Despite the slack trend in the FMCG market, Marico has been growing. The current year should see a 10-15 per cent ... More

PERFORMANCE
Corolla races ahead, but competition hots up
THE battle for the leadership position in the executive segment for cars is turning out to be fierce with Toyota Corolla edging out its competitors during 2003. In January 2004, Corolla reached a milestone for itself when its sales crossed the ... More

PEOPLE
SABMiller CEO visiting India
THE Chief Executive Officer of SABMiller Plc, Mr Graham Mackay, will arrive in the Capital on Thursday for a two-day visit to the country. He is likely to have a series of meetings with senior Government functionaries in the Capital before ... More


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Top Stories
Taking on HRD Ministry — IIMA student leads way for Class of 2004


Govt amends plant quarantine norms — Trade upset over methyl bromide stipulation

`Cut in DEPB rates won't affect steel exports'

Retail participation in MFs on the rise

`Nearshore sites vital in global sourcing strategies'

PC market growth at 19.5 pc: Gartner

`Consumers more ready than manufacturers, retailers'

Looking back
Feb. 1-Feb. 7
CMC finds risk in banking on Govt projects

Indian Hotels mops up $150 m via foreign currency bonds


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