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Wednesday, September 29, 2004

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ANNOUNCEMENTS
Zee Tele gets nod to launch sports channel
ZEE Telefilms Ltd (ZTL) has received necessary regulatory approvals to launch a sports channel, Mr Subhash Chandra, Chairman and Managing Director , said. "We have received uplinking approvals. The test signals should be available in a day or ... More

Biocon begins phase-II trials of cancer drug
BIOCON Ltd today announced that it has commenced phase-II clinical trials of its oncology drug TheraCIM (h-R3). The drug is a humanised monoclonal antibody (MAb) used in the treatment of head and neck cancers and the company has received all ... More

D-Link AGM okays dividend
BANGALORE: D-Link (India) Ltd has informed the Bombay Stock Exchange that the shareholders at the AGM held on September 22 have approved a final dividend of Re 0.80 per equity share on 3,00,04,850 equity shares of Rs.2 each and interim ... More

CORPORATE DISPUTES
Pilani Investments' AGM not to be an all-Birla affair
PILANI Investments & Industries Ltd, the holding company for several Birla business organisations, is all set to witness an unusual annual general meeting (AGM) on Wednesday. For the first time, probably, it would not be an all-Birla affair as .. More

Zee has not met eligibility criteria: ESPN-Star
ESPN-Star Sports (ESS) has once again contended that Zee Telefilms does not satisfy the eligibility criteria for acquiring the telecast rights for the matches organised by the Board of Control for Cricket in India (BCCI). ESS has claimed before ... More

`BPL dispute will be resolved amicably'
MR Rajeev Chadrasekhar, Chairman & CEO, BPL Mobile Group, said his dispute with the patriarch of BPL family, Mr T.P.G. Nambiar, would be "amicably resolved" shortly. In response to reports in the media of the case filed by Mr Nambiar with the ... More

COURTS/LEGAL ISSUES
Halcyon takeover: Kerala HC declines stay
`Reasonable time will be given to the group to vacate the premises. Besides, legitimate requests for the smooth functioning of the hotel will also be considered.' More

FINANCIAL PERFORMANCE
BHEL net profit rises 48 pc to Rs 658 cr — To pay 60 per cent
BHARAT Heavy Electricals Ltd (BHEL), the public sector engineering and power equipment major, has completed yet another successful year with its net profit soaring by over 48 per cent to Rs 658 crore on an all-time high turnover of Rs 8,662 ... More

MERGERS & ACQUISITIONS
Global brewers keen on UB stake: Mallya
THE United Breweries (UB) Chairman, Mr Vijay Mallya, today said he has received several unsolicited expressions of interest from leading global brewers to pick up stake in the company. The same will be placed before the board of company when ... More

Elder Pharma gets nod to sell stake to Italian co
THE Rs 275-crore Elder Pharma Ltd said on Tuesday that its shareholders have approved the proposed 10 per cent stake sale to ACRAF of Italy. The Italian pharma company will be issued 15.99 lakh fresh equity shares of Elder Pharma, representing ... More

NEW PROJECTS
Axles India to put up Rs 16-cr plant for Dana Corp supplies
AXLES India Ltd is putting up a Rs 16-crore plant that will supply axle housings to Dana Corporation of the US. Dana Corporation, the TVS group's partner in Axles India, has agreed to buy 50,000 axle housings a year from the company. Work on ... More

Shantha Biotech vaccine plant inaugurated
THE new vaccine manufacturing facility of Shantha Biotechnics Pvt Ltd was inaugurated on Tuesday by the Chief Minister, Dr Y.S. Rajasekhara Reddy. Built at a cost of Rs 40 crore, the 80,000 square foot, the Good Manufacturing Practises (GMP) ... More

ALLIANCES & JOINT VENTURES
McPhar, Alcock join hands for oil, mineral surveys
MCPHAR Geo Surveys Ltd of Toronto has floated a joint venture company in the city, jointly with W.J. Alcock & Co (P) Ltd. The joint venture company, named Alcock McPhar Geotech (P) Ltd (AMG), will conduct airborne surveys in the fields of oil, . More

SAIL, Kudremukh in pact
KOLKATA: Steel Authority of India Ltd (SAIL) has signed a memorandum of understanding (MoU) with Kudremukh Iron Ore Co Ltd for forming a 50:50 joint venture company to develop iron ore mines at Barsua, Taldih and Kalta in ... More

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    DIVERSIFICATION
    Deepak Fertilizers plans specialty mall in Pune
    IN a bid to tap the upcoming infrastructure scenario around south-western Maharashtra, Deepak Fertilizers and Petrochemicals Corporation Ltd (DFPCL) on Tuesday announced the launch of Ishanya — a one-stop mall for interior and exterior ... More

    OUTLOOK
    Hyundai upbeat on response to Getz
    THE response to Hyundai's new hatchback `Getz' has exceeded the expectations of the company and it hopes that the new model would clock annual sales of 18,000 units compared with 12,000 units expected initially. Speaking to Business ... More

    Ruchi Soya sees 15% topline growth
    "In soyabean crushing, we are the biggest players with a market share of 30 per cent.'' More

    Tata Chemicals in talks with IOC for LNG supply
    TATA Chemicals, which was seeking a long-term supplier of liquefied natural gas for its fertiliser manufacturing operations, may tie up with Indian Oil Corporation for the same. The company's 2003-2004 annual report, while indicating likely ... More

    PEOPLE
    Martial Rolland to take over reins of Nestle India
    NESTLÉ S.A. has announced the appointment of Mr Carlo Donati, currently Chairman and Managing Director of Nestlé India, as the Worldwide Chairman and CEO of Nestlé Waters. Mr Martial Rolland has been chosen to take his place as the Indian ... More

    JB Chem gets new R&D V-P
    MUMBAI: JB Chemicals and Pharmaceuticals has appointed Mr Jay Mehta as Vice-President - Research and Development (R&D), from August 1. The appointment is part of JB's plan to manufacture a wider range of core healthcare and pharma ... More


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