PRIVATE PLACEMENT

CORPORATE DISPUTES
SC to hear Zee plea against BCCI decision on Monday
In the petition before the SC, Zee sought a direction to the BCCI not to grant the telecast rights to any other channel before adjudication of the dispute raised by it. More

COURTS/LEGAL ISSUES
It's easier to change ads than toothpowders
SUNIL Shetty is no longer stopping a bespectacled purchaser, in a TV commercial. Nor is he rubbing what looks like Lal Dant Manjan onto the customer's specs to leave marks akin to `sandpapering', or saying that it is easy to change spectacles but ... More

TAXATION
Dredging Corpn wants tax sops restored — `Treat dredgers as ships'
THE tax burden on Dredging Corporation of India (DCI) has increased substantially due to the new taxation policies during the current financial year and it has been pleading with the Union Government to reconsider the decision and restore the tax ... More

MERGERS & ACQUISITIONS
Sun Pharma to buy three brands from US co for $5.4 m
SUN Pharma has said that it would purchase three brands from US-based Women's First Healthcare for a consideration of $5.4 million (about Rs 24.7 crore). The brands are synthetic anti-bacterial Bactrim, gynaecological Ortho-Est and the ... More

IBP merger by December: IOC
INDIAN Oil Corporation will complete the merger of subsidiary IBP Ltd with itself before December. "Investment bankers are finalising the swap ratio for the merger which will be adopted by the boards of the two companies," Mr M.S. ... More

NEW PROJECTS
Faber India lines up major expansion
FABER Heatkraft Industries Ltd (Faber India), a joint venture between the Italian major Faber SpA and Heatkraft of India, has embarked upon a major expansion programme. Announcing this here on Friday, the Faber India Senior Vice-President ... More

REGULATORY BODIES & RULINGS
It's business as usual for BIFR despite uncertainty
DESPITE the continuing uncertainty over the fate of the Board for Industrial and Financial Reconstruction (BIFR), it's business as usual for the Board with 31 cases registered with it in July alone. The Board has received 6,427 references, ... More

SICK UNITS
Spic Petro revival plan: Lenders to meet on Oct 11
BANKS and financial institutions that have lent to SPIC Petrochemicals Ltd will meet on October 11, to discuss a revival plan for the company. A highly placed source in SPIC said that the lenders were "positive" about SPIC Petro's PTA/PFY ... More

OUTLOOK
Kaya Skin plans southern foray thru Bangalore
KAYA Skin Clinic, a venture by Marico Industries Ltd, has opened three centres here. According to Mr Rakesh Pandey, CEO, Kaya Skin Clinic, it plans to enter the South through Bangalore. Similar clinics will soon be opened in Hyderabad and ... More

L&T aims to become an Indian MNC
LARSEN & Toubro's five-year strategic plan for 2005-10 will be ready by February next year and will be put to its board of directors for approval, said the L&T Chairman and Managing Director, Mr A.M. Naik, at the company's AGM here. This plan More