The Hindu Business Line : Tuesday, February 22, 2005

Cadila launches new drug to control cholesterol
ZYDUS Cadila Ltd today announced the launch of a new drug to control cholesterol. The drug, Pitavastatin, will be available under the brand name `Pitava'. This new launch strengthens Zydus Cadila's cardiac-care portfolio comprising ... More

Viceroy Hotels board meet
HYDERABAD: Viceroy Hotels Ltd (VHL), the Hyderabad-based hospitality company, has informed the stock exchanges that a meeting of its board of directors would be held on February 25. Apart from approving a resolution to divest majority ... More

Vijay Textiles bags export order
HYDERABAD: Vijay Textiles Ltd informed the bourses on Monday that the company has received an export order worth $4.60 million (about Rs 20 crore) with Simran Enterprises from Europe for the supply of an exclusive range of home ... More

PREFERENTIAL ALLOTMENTS

Innosoft to diversify into infrastructure, to allot shares to Seven Hills
INNOSOFT Technologies has announced its decision to diversify into infrastructure and its plans to allot one million shares to Seven Hills Capital Management based in California on a preferential basis at Rs 10 per share with a lock-in period of ... More

Welspun pref allotment to Temasek, promoters gets nod
The funds would be utilised to part-finance the company's inorganic growth plan and expand its weaving capacity. More

Madhucon pref allotment
HYDERABAD: Madhucon Projects Ltd has informed the bourses that its board, at a meeting on Monday, approved allotment of four lakh equity shares of Rs 10 each at an issue price of Rs 390 per share on preferential allotment basis to Reliance ... More

MERGERS & ACQUISITIONS

QRG arm merges with Duke Arnics
QRG Enterprises, the Rs 1,000-crore power distribution equipment major and holding company of Havell's India, has announced the merger of its group company TTL Ltd with Duke Arnics. The merged entity would be known as TTL Ltd. The ... More

SOCIETY & DEVELOPMENT

Award for L&T CMD
CHENNAI: The Medical Research Foundation and Vision Research Foundation conferred the "Sankara Ratna Award" for 2004 on Mr A.M. Naik, Chairman and Managing Director, Larsen & Toubro Ltd in recognition of his outstanding support and most ... More

RIGHTS ISSUE

Grandix Pharma rights issue
CHENNAI: Chennai-based Grandix Pharmaceuticals Ltd plans to come out with a rights issue for Rs 1.5 crore. The company intends to offer one share for every one held. The funds raised will be utilised for the company's expansion ... More

SICK UNITS

Violation of disclosure norms — `Small, sick cos must be treated leniently'
PENALTIES imposed by the Securities and Exchange Board of India for violation of disclosure requirements should be linked to the paid-up capital of a company, according to a few experts. "Currently, the penalty amount levied by SEBI for such ... More

OUTLOOK

Pepsi to bet on `health' products
IN a bid to compensate for the anticipated slowdown in sales this summer in carbonated soft drinks (CSD), PepsiCo India is gearing up for the peak summer season by stepping up investments in "health" products and bulk water. It is banking on ... More

Scoreboard
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Pick a Winner Stock Market Contest

MTNL to float Rs 2,000-cr tender for 40 lakh GSM lines

MDRT membership: Many qualify, but few register

Unseasonal rainfall, hailstorm may impact rabi crops

A case for Govt to hike Customs duty on gold

The real forces behind China's rapid growth

In Focus

BHEL Disinvestment

The Yuan Revaluation

Dabhol power regenerated