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Sunday, February 29, 2004

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CORPORATE

ANNOUNCEMENTS
ONGC's Seven Seas starts KG basin drilling
CLOSE on the heels of the announcement of new finds in the Krishna-Godavari (KG) basin, Oil and Natural Gas Corporation (ONGC) has pressed into operation its latest ultra deep drill ship-Discoverer Seven Seas to strengthen its exploration ... More

Shortage of coking coal — DPL plans to curtail production by 15 pc
DURGAPUR Projects Ltd (DPL), a state-owned manufacturer of low ash metallurgical coke (LAM), is taking steps to cut back its coke production by about 15 per cent owing to shortage of coking coal. DPL sources said that till now there was no news ... More

Lupin enters exclusive pact with Baxter for ceftriaxone injection
LUPIN Ltd on Saturday announced its second significant global announcement in less than a week. The company has entered into an exclusive agreement with the US-based medical products company, Baxter Healthcare Corporation, to distribute the ... More

Unichem Labs gets shareholders' nod for share-split, bonus
SHAREHOLDERS of Unichem Laboratories Ltd have given their nod to the sub-division of nominal value of equity shares from Rs 10 each into two equity shares of Rs 5 each. At the company's extraordinary general meeting here on Saturday, they also ... More

PREFERENTIAL ALLOTMENTS
Preferential offers gain momentum
IF increasing the promoters stake in companies can be interpreted as a sign of revival and confidence in their businesses, you could say the economy is beginning to shine. Since the beginning of the year, 31 listed companies have secured board ... More

OVERSEAS BORROWINGS
Ashok Leyland to spend Rs 650 cr on capacity expansion
This will be done in two phases. In the first phase, its capacity will be increased from 50,000 to 67,500, which will take about 15 months. Thereafter, taking into account the market for commercial vehicles, the company will raise its capacity ... More

COURTS/LEGAL ISSUES
Setback for Dr Reddy's as Pfizer wins ruling
DR Reddy's Laboratories Ltd has suffered a setback in its legal battle with Pfizer over patent infringements on its hypertension drug. In a significant ruling, the US Court of Appeals for the Federal Circuit has reversed a lower court ruling ... More

FINANCIAL PERFORMANCE
Berger Intl income up 26.9 pc
BERGER International Ltd, in which Asian Paints owns controlling stake, has reported profits for the first time in the last six financial years. Courtesy initiatives to cut costs, the company registered a 26.9 per cent increase in its profit ... More

FIXED DEPOSITS
Unclaimed fixed deposits — Companies favour quarterly transfer to Fund
TRANSFER of amounts unclaimed by holders of company fixed deposits to the Investor Education & Protection Fund (IE&PF) is becoming a ticklish issue for the corporate sector. Companies have become jittery on whether they would be able to man More

RIGHTS ISSUE

  • Mascon okays rights issue

    OUTLOOK
    GM eyes higher market share for Optra
    UPBEAT about the response to the Chevrolet Optra, which was launched in July last year, General Motors is confident about bettering the car's market share by about 10 per cent in the current year. "We are targeting to increase our share from ... More

    Multivac to earn Rs 60 cr from battery-operated vehicles
    MULTIVAC India Pvt. Ltd, which has unveiled its range of battery-operated vehicles across the country, hopes to sell 10,000 units of the Pushpak e-trike range and 30,000 units of the Speedy e-bike during the fiscal 2004-05. This would translate ... More


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    Top Stories
    Ashok Leyland to spend Rs 650 cr on capacity expansion


    CMC issue oversubscribed over 10 times

    Unclaimed fixed deposits — Companies favour quarterly transfer to Fund

    Steel demand seen rising to 38 mt in 2006-07

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    Looking back
    Feb. 22-Feb. 28
    Tata Tea: Plantation business still has flavour

    IIM offers course to help executives hone HR skills

    Tata Group to invest $2 b in telecom biz

    Reliance may lose Rs 600 cr on lower oil PSUs offtake

    L&T bags Rs 1,006-cr ONGC project order

    Tata Motors' Korean buy to boost China plans

    Drugs: Outsourcing gains highlighted

    Biocon IPO from March 11-18

    Cipla to ship AIDS drugs to Malaysia in 2 months


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