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Thursday, March 04, 2004

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ANNOUNCEMENTS
Dr Reddy's begins phase-I trials on dyslipidemia drug
DR Reddy's Laboratories Ltd, the Hyderabad-based pharma major, has announced the launch of phase-I clinical trials in Canada of its drug candidate (DRF-10945) targeted for the treatment of blood lipid dysfunction (dyslipidemia). The ... More

NPCIL to raise Rs 2,000 cr thru market borrowings
NUCLEAR Power Corporation of India Ltd (NPCIL) will continue to raise Rs 1,500 crore to Rs 2,000 crore in market borrowings until the year 2010 when it hopes to do away with the need to depend on budgetary resources for funding its massive ... More

Zee Tele to seek nod to use share premium account
ZEE Telefilms Ltd (ZTL) is seeking shareholders' approval to use up to Rs 1,920.7 crore from its securities premium account to set off permanent diminution in the value of earlier made investments. The company has convened an extraordinary ... More

ONGC plan to form shipping JV in limbo
ONGC'S efforts to set up a special purpose vehicle for managing its shipping assets with equity participation from public and private sector companies have come to a naught. According to senior company officials, the proposal to form ONGC ... More

  • Tata Motors board to meet on March 8

    PREFERENTIAL ALLOTMENTS
    Apollo Tyres to consider preferential allotment to Michelin
    THE board of directors of Apollo Tyres Ltd (ATL) is to meet on March 10 to consider a preferential allotment of shares to Compagnie Financiere Michelin, France. Michelin is picking up a 14.9-per cent stake in ATL through the preferential ... More

    OVERSEAS BORROWINGS
    Will corporates take IDR route?
    WHETHER companies incorporated outside India would actually cash in on the Indian Depository Receipts (IDRs) route remains to be seen. Experts feel that it is still a relatively new concept and only time will tell what type of companies it will ... More

    OUTSOURCING
    `Britain will not stop outsourcing'
    INDIAN companies agonising over the outcry in the western world, especially Britain and the US over the issue of work being outsourced to India, have no cause for worry as far as the British Government's policy is concerned. In a categorically ... More

    TECHNOLOGY
    Nod for 16 foreign tech tie-up proposals
    THE Union Government has permitted Hindustan Petroleum Corporation Ltd (HPCL) to enter into a technical collaboration agreement with US-based BELCO Technologies Corporation for obtaining knowhow for a flue gas desulphurisation unit at its ... More

    MANAGEMENT
    `Quality leadership and sharing of knowledge vital for organisations'
    THE essentials of an intelligent organisation were the topics of discussion at a three-day national management convention that ended here on Sunday. A number of prominent corporate leaders and management scholars addressed the convention and ... More

    MERGERS & ACQUISITIONS
    GM to buy Daewoo assembly assets — Production of mini-car Chevrolet Spark to begin next year
    GENERAL Motors Corporation today said that it has offered to purchase the passenger car assembly assets of Daewoo Motors India Ltd (DMIL) and the principal creditors of the Surajpur-based DMIL (ICICI Bank, IDBI and Exim Bank) have accepted the ... More

    Daewoo India's assets: Advantage GM
    AFTER a protracted bidding and re-bidding exercise, and much speculation subsequently, GM India (GMI) has finally emerged as the buyer of the erstwhile Daewoo Motor India's car assembly assets. The acquisition of Daewoo's Indian car assembly ... More

    NEW PROJECTS
    Sathavahana commissions coke oven batteries
    SATHAVAHANA Ispat Ltd, the Hyderabad-based Rs 84-crore pig iron manufacturer, has commissioned non-recovery type metallurgical coke oven batteries with installed capacity of 1.5 lakh tonnes per annum at its existing site from Monday. In a ... More

    IOC board clears naphtha, polymer units
    AFTER spending a year preparing detailed feasibility reports (DFRs), the board of Indian Oil Corporation (IOC) on Wednesday took an in-principle decision to set up a naphtha cracker and a polymer unit involving an investment of Rs 6,300 crore. ... More

    Finolex to step up PVC pipes capacity on agri demand
    THE Rs 800-crore Finolex Industries Ltd is embarking on an expansion plan to meet increased demand for the polyvinyl chloride (PVC) pipes from the agricultural sector. The company would be increasing its PVC pipes manufacturing capacity from ... More

    Tavant Tech plans office in NCR
    TAVANT Technologies is close to doubling its strength in India. The company is also planning to open one more office in the National Capital Region (NCR). This four-year old US-based company in the high-end collaborative e-commerce space ... More

    Dalmia Cement to expand capacity
    DALMIA Cement (Bharat) Ltd plans to expand capacity at its Dalmiapuram plant in Tamil Nadu by about 1.6 million tonnes a year at a cost of Rs 365 crore, according to information provided by the company to the stock exchanges. Company officials ... More

    TRADE & LABOUR UNIONS
    Bajaj Auto's Akurdi unit workers protest outsourcing
    EMPLOYEES of Bajaj Auto's Akurdi plant began an agitation demanding work in front of the company on Wednesday. According to Mr Shekhar Sawant, President, Bharathiya Kamadar Sena, the agitation is expected to continue for the next 15 days. He ... More

    ALLIANCES & JOINT VENTURES
    Sonata Soft pact with Gupta Tech
    BANGALORE: Sonata Software Ltd and Gupta Technologies, LLC, a provider of embedded relational databases and visual development tools, have announced a 360 degree partnership. Under the partnership, Sonata will provide product ... More

    EVENTS
    Tata Steel celebrates Founder's Day
    Mr Ratan N. Tata, Chairman of the Tata Group; Dr J.J. Irani, Director of Tata Sons & Tata Steel; Mr B. Muthuraman, Managing Director of Tata Steel; Mr P.K. Kaul, Director; Dr T. Mukherjee and Mr A.N. Singh, both Deputy Managing Directors; paid .. More

    IPOS
    Mahanagar Gas may consider public listing next quarter
    THE promoters of Mahanagar Gas Ltd may decide on its public listing in the first quarter of coming fiscal, a senior official said. GAIL India and BG, the promoters of MGL, had postponed the proposed public listing last year citing "bad market ... More

    BONUS ANNOUNCEMENTS
    Gravity India board okays 2:1 bonus
    GRAVITY India Ltd has informed the Bombay Stock Exchange that at the meeting of the Board of Directors held on March 1, the board approved the issue of bonus shares to shareholders, recommended by directors in the ratio of 2:1, that is, 1 bonus ... More

    OUTLOOK
    ONGC expects major gas find in KG basin
    AFTER Mumbai High, Oil and Natural Gas Corporation (ONGC) Ltd is expecting a major gas find in the deep-water region of Krishna-Godavari basin where it is currently operating two ships. According to the ONGC Executive Director, Mr A. Kaviraj, ... More

    Deccan Gold to launch exploration in Dharwad, Hutti
    DECCAN Gold Mines Ltd, the country's first listed gold exploration company, is gearing up to launch advanced drilling exploration at some "potential prospects" near Dharwad and Hutti in Karnataka. The company, which has procured sophisticated ... More


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  • Top Stories
    Novartis' blood cancer drug turns a `bitter' pill


    Broadcasters' plea on poll ads turned down

    Will corporates take IDR route?

    Aussies watch their health, doggedly keeping outbreaks at bay

    ONGC expects major gas find in KG basin

    Steel prices to be rolled back

    Orthodox tea exports may take a beating on poor, unstable supply

    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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