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Saturday, October 09, 2004

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ANNOUNCEMENTS
Ranbaxy offers tie-ups to distribute drugs abroad
RANBAXY Laboratories Ltd is open to entering into tie-ups with Indian pharmaceutical companies wishing to tap the international markets by distributing their products there. Speaking to newspersons on the sidelines of the Ranbaxy Science ... More

Deming Prize for SRF
NEW DELHI: SRF Ltd, an Indian player in tyre cord fabric, refrigerant gases and industrial fabrics, announced that it has been awarded the Deming Application Prize for Total Quality Management (TQM), informed a company statement. ... More

INSIGHT
Compete or perish
THE controversy over the continuance of Press Note 18 is welcome because it has focussed attention on an issue which has become fundamental in the current regime of economic liberalisation. Very briefly, the central ... More

NEW PROJECTS
Bajaj vehicles to ride Pakistan roads
HAMARA Bajaj is readying to cross the Pakistani border, pillion-riding one of that country's biggest business families. The country's second-largest two-wheeler maker is talking to the Saigol family of Pakistan to set up a manufacturing joint ... More

L&T to invest Rs 60-70 crore in plastics, Defence equipment plants
LARSEN & Toubro Ltd plans to invest Rs 60-70 crore in expanding its plastic machinery manufacturing unit and in setting up a new plant to manufacture Defence equipment. Both these plants are to come up on the outskirts of Chennai, along the ... More

AP Paper Mills expansion
HYDERABAD: Andhra Pradesh Paper Mills Ltd has informed bourses that the company's board, at a meeting held on October 6, has approved the revised project cost of mill development plan amounting to Rs 635 crore against Rs 554 crore approved ... More

REGULATORY BODIES & RULINGS
It's business as usual at CLB
EVEN as its future remains uncertain, business goes on as usual at the Company Law Board (CLB). In July 2004, the Regional Benches of the CLB passed orders regarding payment of deposits to a total of 40 applicants under the relevant Sections of ... More

ALLIANCES & JOINT VENTURES
Hong Kong team in talks with HMT for joint venture facility — Awaits Govt nod for equity investment
A CONSORTIUM of clock manufacturers from Hong Kong is in talks with the Bangalore-based HMT Watches Ltd for setting up a joint venture manufacturing facility in India, mainly for exports to other countries. According to Mr S. Siddalingaswamy, ... More

SOCIETY & DEVELOPMENT
CSM releases guide on corporate social responsibility
CENTRE for Social Markets (CSM), an India and UK-based non-profit organisation, has launched a `Who's Who in CSR (Corporate Social Responsibility) in India: A Resource Guide 2004'. A practical guide to the key players and institutions in the ... More

Infotech Trust builds school in Kukatpally
INFOTECH Enterprises Ltd, the Hyderabad-based Rs 300-crore software services provider, has helped build a school in Shamshiguda near here through its Infotech Enterprises Charitable Trust. The company and its associates contribute voluntarily to ... More

DIVERSIFICATION
SEC Ind to foray into space sector
SEC Industries, the Hyderabad-based industry involved in development of indigenous products for the Defence sector, plans to diversify into the space sector, according to its Managing Director, Mr D. Vidyasagar. The company, founded by Mr D. ... More

SICK UNITS
A case for strengthening SICA
THE debate on the issue whether the Sick Industrial Companies (Special Provisions) Act, governing the Board for Industrial and Financial Reconstruction (BIFR), should be revived or done away with seems to be far from over. Even as the ... More

Lenders clear BPL debt recast package
THE Bangalore-based BPL Ltd's lenders on Friday cleared a restructuring package at a meeting of members of the corporate debt restructuring forum of banks and financial institutions. According to an institutional source, about 90 per cent of ... More

OUTLOOK
CUMI to ramp up exports, invest in new technologies
CARBORUNDUM Universal Ltd, belonging to the Murugappa Group, is focussing on the next phase of accelerated growth through market expansion, technology, products and sustainable partnerships in its golden jubilee year in 2004. Speaking to ... More


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