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Friday, March 11, 2005

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ANNOUNCEMENTS


Clariant shifts German facility to Colour-Chem's Roha plant
COLOUR-Chem Ltd's Roha plant has been chosen as the manufacturing base for Clariant, its parent, to produce agrochemical and pharmaceutical intermediates in India. Clariant's Life Science Division has decided to shift the manufacturing facility ... More

IIEL to invest Rs 150 cr for expanding asset base
INDIAN Infrastructure Equipment Ltd (IIEL), the equipment bank and end-to-end equipment rental company, plans to make an additional investment of Rs 150 crore during 2005-06 for purchasing assets and equipment. "During 2005-06, we plan to ... More

CORPORATE DISPUTES


Rahul Bajaj expects resolution of family dispute by June
THE Chairman of Bajaj Auto Ltd, Mr Rahul Bajaj, today said that he expected the dispute with his younger brother, Mr Shishir Bajaj, to be resolved by June. "I wish the family settlement was over by March, but it will be by June-end," Mr Rahul ... More

OVERSEAS BORROWINGS


Aban Lloyd to go in for overseas funding
ABAN Lloyd Chiles Offshore Ltd plans to raise funds both from the domestic and overseas markets. In a notice to the stock exchanges, the company has said that it might raise capital through an issue of cumulative redeemable preference shares ... More

COMPANY LAW


ICSI council to deliberate on changes to Company Secretaries Act
THE Council of the Institute of Company Secretaries of India (ICSI) is to meet next week to deliberate on the proposals of the Bill to amend the Company Secretaries Act. The institute, which had expressed apprehensions that the period of ... More

COURTS/LEGAL ISSUES


Shaw Wallace offers Rs 57 cr to R.R. Modi to settle dues
SHAW Wallace Co Ltd (SWC) has offered Rs 57 crore (net) for settling the dues of R.R. Modi, who had filed six execution petitions for recovery of Rs 80 crore with interest towards the decretal dues. Counsel appearing for Modi said on Thursday ... More

MERGERS & ACQUISITIONS


Promoters up stake in Ranbaxy Labs
NEW DELHI: The promoters of Ranbaxy Laboratories Ltd, Mr Malvinder Mohan Singh and Mr Shivinder Mohan Singh, have acquired another 2 per cent in the company, increasing their stake in the company to 25.59 per cent. The acquisition has ... More

Glenmark Laboratories merges operations with Tasc Pharma
GLENMARK Laboratories Ltd and Tasc Pharmaceuticals Ltd have amalgamated their operations to form a combined entity that will have a presence in the entire pharmaceutical value chain. Mr Mark Saldanha, Managing Director of the unlisted Glenmark ... More

NEW PROJECTS


SAIL board okays Rs 180-cr expansion
THE board of Steel Authority of India Ltd on Thursday gave in-principle approval for undertaking expansions worth Rs 180 crore. The expansion plan includes two projects — revamping the Sinter Plant-II at the Bhilai Steel Plant and ... More

Time Warner plans production in India
THE talent of Bollywood has finally hit the right cord with the sensitivities and economic sense of Hollywood. One of the largest global players in the field of film and television, the Time Warner Group, has firmed up plans to start ... More

Dishman Pharma to expand production, set up R&D lab
CONTRACT drugs manufacturer Dishman Pharmaceuticals and Chemicals Ltd is investing Rs 100 crore for expanding its production capacity and setting up a research and development (R&D) lab at its Bavla facility in Gujarat. "We are setting up a ... More

Merck Holding plans subsidiary
MUMBAI: Merck Holding Gmbh, a wholly-owned subsidiary of Merck KGaA, Germany, has submitted an application to the Foreign Investment Promotion Board to set up a 100 per cent subsidiary in India. Merck KGaA through its affiliates holds 51 ... More

Guhring opens new facility
BANGALORE: Guhring India, one of the world's leading major suppliers of rotary cutting tools, has opened a new manufacturing facility in Bommasandra Industrial Area here. The new facility would enable its capabilities to develop and ... More

ALLIANCES & JOINT VENTURES


LG in manufacturing tie-up
NEW DELHI: LG Electronics has tied up with the Gujarat-based Genus Overseas to manufacture CTVs and washing machines. The Korean company would be making an initial investment of about Rs 37 crore towards setting up a facility with a ... More

Power generation solutions
NEW DELHI: Bharat Heavy Electricals Ltd (BHEL) and Rural Electrification Corporation (REC) have entered into a memorandum of understanding to work jointly in offering solutions along with financial packages in the power generation sector, ... More

OUTLOOK


Transport cost of NG/LNG — GAIL wants uniform price fixing method
GAIL (India) Ltd has said that it would prefer a uniform methodology based on international practices for fixing the transportation cost of natural gas and liquefied natural gas (NG/LNG). In a statement issued here on Thursday, the company ... More

PEOPLE


ITC's head of treasury quits
MR SUDIP BANDYOPADHYAY, head of treasury at ITC Ltd, has put in his papers to begin his own start-up, which will focus on distribution of financial products, portfolio management and equity advisory. Mr Bandyopadhyay, who spent close to 20 ... More
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Glenmark Laboratories merges operations with Tasc Pharma

PFC, French co, UN eyeing rural electrification pie

Rains, hailstorm ring alarm for wheat crop

Higher VAT exemption cap may mean lower Central compensation

Mid-caps, small-caps continue to thrive

In Focus

BHEL Disinvestment
The Yuan Revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Feb. 27-Mar. 5
BILT turnover may cross Rs 3,000 cr in 2 years

Indian Express buys 10 pc stake in Mid-Day

Partnership firms will have to file I-T returns

Ashok Leyland mulls plant in North India

Corporate income-tax — A mix of lower tax shelters & rates


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