CORPORATE
ANNOUNCEMENTS
Raymond is top bidder at Melbourne wool sale
RAYMOND successfully outbid several participants at an open auction in Melbourne to buy a bale of 11.8 micron wool in Australia recently. Mr Nabunkar Gupta, Group President and Wholetime Director, said, "We have procured the finest wool ...
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CORPORATE DISPUTES
HC to hear 1999 Priyamvada Birla will probate matter first
MR Justice Kalyan Jyoti Sengupta of the Calcutta High Court today decided that the hearing of the application for grant of probate of the will of Priyamvada Devi Birla will be heard first, because the law provides that latter instruments (the ...
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OVERSEAS BORROWINGS
ECB losing appeal for corporates
WITH international interest rates on the ascent, corporate interest in foreign currency loans has considerably waned. Banking sources said that since the beginning of this month few corporates or banks have approached the external commercial ...
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INSIGHT
Reliance and LG: A tale of two successions
Both the Indian and Korean giants are second-generation Asian companies that set store by corporate governance and Western management philosophies. Both are family-centric and the final call is taken by the core group within the families. The similar ities end there.
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NEW PROJECTS
Asian Hotels plans to expand
ASIAN Hotels Ltd, which owns and operates the Hyatt Regency property in Mumbai, Delhi and Kolkata, is looking at opportunities to set up hotels in other cities such as Chennai, Bangalore and Pune. Plans in this regard are expected to be firmed up ...
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SAIL okays Rs 675-cr investment in six projects
STEEL Authority of India Ltd (SAIL) today approved a total investment of Rs 675 crore in six projects as part of the first phase of its corporate growth plan for increasing production of value-added steels by 2012. While out of the six ...
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ALLIANCES & JOINT VENTURES
Becton ties up with Hind Latex for auto-disposable syringes
GLOBAL medical technology firm Becton Dickinson (BD) has entered into an alliance with Hindustan Latex Ltd to launch auto-disposable syringe in India. (Auto-disposable syringes will break if any attempt is made to reuse them.) This has been ...
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Residential project in Dubai — Hiranandani Constructions ties up with ETA Ascon
HIRANANDANI Constructions said it has entered into a joint venture with ETA Ascon Group for an over 65-storied residential tower project in Dubai. "A 51:49 joint venture company between ETA Ascon Group and Hiranandani Group has already been ...
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Teva to market Ranbaxy's drug in US
TEVA Pharmaceuticals, one of the world's largest generic companies, has launched Quinapril HCL tablets manufactured by Ranbaxy Laboratories Ltd in the US market. Under an agreement, the product would be sold in the US under the Teva label and ...
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INTERVIEW
PSL expects 40-50 pc topline growth
PSL Ltd recently bagged an order worth $9 million (around Rs 40 crore) to set up a steel pipe mill at Kazakhstan. This order, according to Mr Ashok Punj, Managing Director of the company, opens up a whole new business segment for PSL, a steel ...
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BONUS ANNOUNCEMENTS
Matrix Labs fixes record date, okays issue of 1:1 bonus
THE board of directors of Matrix Laboratories Ltd (MLL)at its meeting held here on Thursday has fixed January 20 as record date for sub-division of equity shares and bonus issue. In a communiqué to stock exchanges, the company said its board ...
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SICK UNITS
Workers' rally demands revival of closed units
STRONGLY opposing the economic reforms that have led to closure of a number of PSUs as well as private establishments in Andhra Pradesh during the last decade, the workers who lost jobs on account of these closures organised a massive rally under ...
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PEOPLE
Arvind Uppal is Whirlpool MD
HOME appliances manufacturer Whirpool of India Ltd today announced the appointment of Mr Arvind Uppal as the company's new Managing Director. Mr Uppal would take over as Managing Director from February 16, a Whirpool release said here. He was ...
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New MD for BHPV
VISAKHAPATNAM: Mr A.S.C Sinha, Executive Director (Technical Service), Bharat Yantra Nigam Ltd, Allahabad, assumed charge as the Managing Director of the Bharat Heavy Plate and Vessels, Visakhapatnam, on ...
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TRENDS
Company registrations rise in October
THE number of companies registered in India under the Companies Act saw a rise during October 2004 over the same period last year. During the month, 2,672 companies were registered compared to 2,409 during the corresponding previous ...
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