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Tuesday, August 31, 2004

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POLLUTION
Kerala PCB serves closure notices on 109 units
The State Pollution Control Board issued notices last week to 109 industrial units for flouting the Hazardous Waste Rules. The SPCB has asked 32 units to close down immediately. More

ANNOUNCEMENTS
ONGC to finalise contracts to set up CBM units
OIL and Natural Gas Corporation will finalise turnkey contracts for setting up facilities for production of coal-bed methane (CBM) by November this year. The company has already prepared a roadmap for a Rs 10,000 crore investment in six coal ... More

JISL bags Coke contract
MUMBAI: Jain Irrigation Systems Ltd (JISL) has recently formalised and concluded a contract valued at Rs 36.47 crore for supply of mango pulp to Hindustan Coca-Cola Beverages Pvt Ltd (HCCBPL). The company has been a major supplier of ... More

PREFERENTIAL ALLOTMENTS
Tuticorin Alkali to issue preference shares to SPIC — To increase authorised share capital
TUTICORIN Alkali Chemicals and Fertilisers Ltd plans to issue 20 lakh five per cent redeemable cumulative preference shares of Rs 100 each at par to Southern Petrochemical Industries Corporation Ltd (SPIC) totalling Rs 20 crore on private ... More

CORPORATE DISPUTES
HC order on notarised version of Birla will tomorrow
MR Justice Kalyan Jyoti Sengupta on Monday concluded the hearing of the application filed by Mr G.P. Birla, Mr K. Tapuria and Mr P.K. Khaitan seeking to produce notarised photocopy of the will of M.P. Birla and Priyamvada Birla. Mr Justice ... More

MERGERS & ACQUISITIONS
Glenmark acquires 2 FDA-approved products from Clonmel
GLENMARK Pharmaceuticals Inc of US, the wholly-owned subsidiary of Glenmark Pharmaceuticals, a major player in the therapeutic groups of dermatology and respiratory, has acquired two FDA approved products from Clonmel Healthcare Ltd, a Republic ... More

OVL acquires 55 pc stake in Australian offshore block
THE state-owned Oil and Natural Gas Corporation has signed a pact with Canada's Antrim Energy to buy its 55 per cent stake in offshore exploration block in offshore Australia. The deal was signed by ONGC's overseas arm, ONGC Videsh Ltd, last ... More

NEW PROJECTS
ONGC to invest Rs 25,000 cr in Karnataka — Signs MoU to develop SEZ at Mangalore
OIL and Natural Gas Corporation (ONGC) has signed an MoU with the Karnataka Government and the Kanara Chamber of Commerce and Industry (KCCI) to develop a coastal special economic zone (SEZ) at Mangalore and invest close to Rs 25,000 crore ... More

Samkrg begins Rs 30-cr capacity expansion
SAMKRG Pistons and Rings Ltd (SPRL) has embarked upon a Rs 30-crore plan to expand the capacity of its pistons manufacturing facility from five million to six million per annum and piston rings manufacturing unit from 15 million to 25 million per ... More

ALLIANCES & JOINT VENTURES
BPL ends marketing pact with German major Loewe
BPL Ltd has said that its arrangement with German consumer electronics and multimedia major, Loewe AG, for marketing and distributing high-end colour televisions (CTVs) and video display solutions in the country is no more in place. BPL had ... More

Hikal in pact with Bayer
MUMBAI: Hikal Ltd has entered into a long-term arrangement with Bayer CropScience AG to manufacture and supply key agrochemical intermediates. Hikal has set up a new facility at Mahad in Maharashtra to manufacture these products. Dr ... More

EVENTS
CRY quiz for corporates
CHILD Relief and You (CRY), a non-profit organisation, is organising a quiz for corporates on September 6 here. The proceeds of the quiz would be utilised for funding education of destitute children. The corporate quiz, named FACT (Free A ... More

OUTLOOK
Crude price rise pressuring margins: BPCL
BHARAT Petroleum Corporation Ltd has said in spite of recent duty cuts by the Union Government, current prices of petroleum products would be inadequate to cover costs if international oil prices continue to rise. "Major increases in ... More


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Top Stories
Glenmark acquires 2 FDA-approved products from Clonmel


States to raise VAT composition scheme limit to Rs 1 crore

CMC to beef up overseas biz with TCS help

Extend hacking to cover unauthorised access: Nasscom

Increase subsidy or we will close down, DAP units tell Govt

India, Thailand sign pact for early harvest scheme

Crude price rise pressuring margins: BPCL

Coffee exports taper off on low stocks

Looking back
Aug. 22-Aug. 28
Audit panel must have at least 2 independent directors: Concept Paper

Singareni Collieries signs pact with labour union

Bosch plans Rs 1,000-cr investment — To build common rail systems thru Mico

Natural gas does not find favour with Tata Steel

ITC board clears hotel arms merger, share swap ratios

Birla Corp not to appoint Chairman

Reservation in the private sector — A rational, ritualistic placebo

Italian co picking up 10 pc stake in Elder Pharma

India Inc troubled by concept paper's `officer in default' provision


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