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Tuesday, October 12, 2004

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ANNOUNCEMENTS
Vedanta's Tuticorin smelter ready for commissioning
THE 3-lakh tonne copper smelter being set up by Vedanta Resources Plc at Tuticorin is mechanically complete and ready for commissioning. However, with the necessary permissions taking longer than the company expected, the new smelter will only ... More

Natco Pharma gets FDA nod for APIs plant
NATCO Pharma Ltd (NPL), the Hyderabad-based Rs 154-crore pharmaceutical company, has announced that it has obtained the approval from the United States Food and Drugs Authority (USFDA) for its active pharmaceutical ingredients (APIs) ... More

VIP to set up hub centre in Hong Kong
VIP Industries Ltd said it has set up a new hub centre in Hong Kong to tap the $750 million (around Rs 3,435 crore) luggage market in South East Asian and Asia Pacific region. The company is planning to launch its recently-acquired British ... More

HPCL to float tenders for e-fuel stations
HINDUSTAN Petroleum Corporation Ltd will establish 500 new retail outlets, 70 per cent of them in the rural areas by March 2005. The company is also set to call for global tenders for 500 fully automated or e-fuel stations. The Executive ... More

CORPORATE DISPUTES
PSU oil cos question Reliance's diesel pricing strategy
PUBLIC sector oil marketing companies have complained to the Government against Reliance Industries Ltd (RIL) selling diesel at Rs 3 per litre below their price through `questionable' means. They allege that retail diesel sales have been hit ... More

INSIGHT
Press Note 18: Preventing conflict of interest, not FDI
PRESS Note 18, which was issued six years ago as a necessary regulatory safeguard to avoid possible conflict of interest, is now perceived as a material obstacle in attracting foreign direct investment (FDI). Scrapping ... More

GENDER
Vidya Chhabria in Fortune list third time in a row
VIDYA Chhabria, chairperson of the $2-billion Jumbo Group, figures in the Fortune magazine's annual list of the 50 most powerful women in business internationally for the third time in a row. Ranked at the 38th position, she is the only ... More

MERGERS & ACQUISITIONS

  • Xerox ups stake in India arm

    REGULATORY BODIES & RULINGS
    Panel to pursue cases against vanishing cos
    THE Ministry of Company Affairs is actively pursuing the cases relating to vanishing companies. The Ministry has set up a monitoring committee to pursue the first information report (FIR) filed against the vanishing companies and their ... More

    TRADE & LABOUR UNIONS

  • Lockout at Loyal Textiles' units

    ALLIANCES & JOINT VENTURES
    German co enters Indian hearing protection market
    GERMAN maker of ear moulds, egger Otoplastik+Labortechnik GmbH, , has begun to supply Indian companies technology and raw materials to make moulds for hearing aids and protection. egger has tied up with Chennai-based Electro NICS to jointly ... More

    OUTLOOK
    UltraTech draws up Rs 200-cr capex plan — To roll out new brand on Oct 14
    ULTRATECH Cemco's (earlier L&T Cement) new brand rollout on Thursday (October 14), starting with Kochi; a Rs 200-crore capex plan for the next two years that will generate around 2.5 million tonnes of capacity through debottlenecking; and ... More

    PERFORMANCE
    Hyundai Motor India pays parent royalty of Rs 185 cr in 2003-04
    HYUNDAI Motor India Ltd paid its parent, Hyundai Motor Company of Korea, a royalty of Rs 184.74 crore in 2003-04 compared to a royalty of Rs 110.89 crore in the previous financial year. Besides this, Hyundai Motor India paid a final dividend of ... More

    PEOPLE

  • New COO for Matrix Labs
    Scoreboard
    SE Diary



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