The Hindu Business Line : Tuesday, January 11, 2005

Shantha Biotech unveils new vaccine delivery device
SHANTHA Biotechnics Ltd has announced the availability of its hepatitis-B vaccine, Shanvac-B, in a unique vaccine delivery device called BD Uniject. In a press release, the company said based on proprietary technology developed by the Programme ... More

Geno Pharma launches portal for patients suffering from vertigo
GENO Pharmaceuticals has launched a virtual clinic-cum-awareness window focussing on vertigo, a disease that lead to balance disorder, dizziness and a reeling sensation among the patients. The portal, More

Ashok Leyland bags Rs 70-cr order from BEST
ASHOK Leyland has bagged an order for 644 buses to be inducted by BEST under the Mumbai Urban Transport Programme (MUTP). The value of the order is estimated at around Rs 70 crore. This follows a tripartite agreement between BEST, Maharashtra ... More

Ranbaxy makes three filings to USFDA for AIDS drugs
RANBAXY Laboratories Ltd has so far made three filings of its anti-retrovirals (ARVs) to the US Food and Drug Administration (FDA) for its approval under the expedited review process of the US Presidents Emergency Plan for AIDS Relief ... More

Astra Micro EGM on Jan 24

BUYBACK

Reliance buys back 6.29 lakh shares
RELIANCE Industries Ltd (RIL) has bought over six lakh shares from the market under its share buyback programme. As per details provided to the stock exchanges, the company purchased 6,29,800 shares on Monday at an average price of Rs 539.62 a ... More

ACCOUNTING STANDARDS

`More regulation not answer for global accounting frauds'
Prof. Behn said the International Accounting Standards Board has to be "principle-based and not rule-based." More

OVERSEAS BORROWINGS

ADR offerings: Concern over `export of capital market'
WITH more Indian companies joining the sponsored American Depository Receipts (ADR) bandwagon, the domestic capital market intermediaries are concerned that this trend may lead to "export of Indian capital markets." Speaking at a panel ... More

AWARDS & HONOURS

BHEL bags award for exports

AUDITING

Info systems audit may become mandatory for all listed cos
IT may soon become mandatory for all listed Indian corporates to get their information systems audited, with their chief executive officer, chief financial officer and the chief information officer having to take direct responsibility for the ... More

MERGERS & ACQUISITIONS

Kapil Dev picks up 5 pc stake in Zicom Electronic
FORMER Indian cricket captain Kapil Dev has picked up a five-per cent stake in Zicom Electronic Security Systems Ltd. Mr Brian D'Souza, a director of the company, confirmed to Business Line that Mr Dev has picked up the stake from the ... More

Tata Finance, Tata Motors merger swap ratio finalised
SHAREHOLDERS of Tata Finance will get eight shares of Tata Motors for every 100 shares held by them. This follows the approval by the boards of the two companies for a share swap ratio of 8:100 consequent to the merger of the two companies. ... More

ONGC eyeing EnCana's stake in Ecuadorian fields — In race for Yukos assets
THE Oil and Natural Gas Corporation (ONGC) is in the race for picking up Canadian firm EnCana's stake in a cluster of oil fields in Ecuador. The state-owned company is also in talks with Russia for picking up stake in the assets of oil major ... More

Beeyu Overseas mulls buying tea factory in Sri Lanka
BEEYU Overseas Ltd, a city-based tea company, with operations in south India, is contemplating acquiring a tea factory in Sri Lanka. The company is also increasing the capacity of its tea factorylocated in Ooty. According to Mr B.P. Singh, ... More

NEW PROJECTS

JCB India to set up unit in Pune
EARTHMOVING equipment manufacturer JCB India today announced that it would be setting up a new plant in Pune for manufacturing of construction equipment to meet future demand. Company officials, however, said that details related to ... More

ALLIANCES & JOINT VENTURES

NTPC plans power exchange — In talks with PowerGrid, PTC
THE PSU brigade in the power sector is joining forces to take on the competition. The Rs 26,000-crore National Thermal Power Corporation (NTPC) is in talks with Powergrid Corporation Ltd (PGCIL) and Power Trading Corporation (PTC) to jointly work ... More

RIGHTS ISSUE

HBL Nife plans rights issue

OUTLOOK

Alembic plans to increase presence in OTC segment
BUOYED by the success of its cough syrup brand, Glycodin, of late, the Baroda-based Rs 613-crore Alembic Ltd has chalked out an aggressive plan to expand into the over-the-counter (OTC) segment in the next two-three years. The Alembic Head, ... More

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Pick a Winner Stock Market Contest

Revival of coffee bourse unlikely

PSBs nonchalant over sunset clause on NPAs

Synthetic, rayon textile exports may fall short of target

ADR offerings: Concern over `export of capital market'

£ 16-b gain from offshoring, says UK trade body chief

Swaminathan foundation proposes new approach to rehabilitate tsunami victims

In Focus

BHEL Disinvestment

The Yuan Revaluation