The Hindu Business Line : Saturday, March 19, 2005

Trust property: Arguments against Lodha, others end
HEARING of the application filed by Mr S.N. Prasad, one of the accused in the criminal proceeding initiated by Mr R.P. Pansari against Mr R.S. Lodha and others, concluded on Friday before Mr Justice P.N. Sinha of the Calcutta High Court. Mr ... More

MERGERS & ACQUISITIONS

Mallya gets closer to SWC, likely to revise offer — Komal Chhabria not tobid at `any price'
MS KOMAL Chhabria Wazir, the second daughter of the Manu Chhabria estate, has indicated that she is not a bidder for Shaw Wallace & Co Ltd (SWC) at "any price", and will not oppose a potential sale of the company to UB Group Chairman, Mr Vijay .. More

Su-Raj Diamond picks up 49% stake in Forever Precious
SU-RAJ Diamonds and Jewellery Ltd, a leading manufacturer and exporter of Indian gem and jewellery, on Friday announced that it had picked up 49 per cent stake in Forever Precious Jewellery & Diamonds Ltd to focus on domestic market. The ... More

TIIC unlikely to sell stake in Malco
CHENNAI: Tamil Nadu Industrial Investment Corporation (TIIC), a Tamil Nadu Government undertaking, is unlikely to sell its stake in Madras Aluminium Company Ltd (Malco) due to a price mismatch between what it expects and that offered by ... More

NEW PROJECTS

Max Healthcare to raise Rs 75 cr thru equity placement
MAX Healthcare Institute Ltd, a subsidiary of Max India Ltd, is planning to raise an additional Rs 75 crore through an equity placement programme by December to fund its expansion plans. Speaking to newspersons, Mr Analjit Singh, Chairman and ... More

ALLIANCES & JOINT VENTURES

Biological E, Intercell in pact for encephalitis vaccine
BIOLOGICAL E. Ltd (BE), the Hyderabad-based leading vaccines manufacturer, has entered into a strategic alliance with the US-based pharmaceutical major Intercell AG for the development, manufacture and sale of the latter's Japanese Encephalitis ... More

Reliance Energy seeks pact with electrical contractors
RELIANCE Energy Ltd (REL) is seeking to forge alliance with professional electrical contractors, according to a company release. Based on its requirements in various disciplines and locations, REL plans to - from time to time - tap the ... More

SOCIETY & DEVELOPMENT

Payroll giving programme to help the underprivileged in Mumbai
UNITED Way of Mumbai, a non-profit organisation, has said that it has been able to enrol 20 corporates in the payroll giving corporate programme. The objective of the programme is to create awareness and engagement of corporate workforce in ... More

SICK UNITS

AP CM writes to Centre as BHPV revival hangs fire
THE Chief Minister, Dr Y.S. Rajasekhara Reddy, has urged the Union Minister for Heavy Industries & Public Enterprise, Mr Santosh Mohan Deo, to take immediate steps for the revival of the Bharat Heavy Plate and Vessels Ltd in Visakhapatnam. The . More

OUTLOOK

Videocon Ind to raise Rs 2,000 cr for oil exploration
THE board of Videocon Industries Ltd decided on Thursday to raise funds of up to Rs 2,000 crore. This would be to part-finance the company's interest in oil exploration and production, wherein investment of Rs 4,000 crore is planned over the ... More

PERFORMANCE

March belies hopes so far; Maruti to halt production for two days
THE first half of March has not brought total recovery to the passenger car market. The market witnessed a high double-digit growth in the April-January period this fiscal, though it dipped by 4.2 per cent in February. March's slow growth, ... More

Ford sales set to cross Rs 1,000-cr mark
FORD India's revenues are expected to cross the Rs 1,000-crore mark while it is on target to post net profit in what is turning out to be its best year since it set up its operations in the country in 1999. "We should do more than Rs 1,000 ... More

`PSUs will do well to adopt quality programmes'
INDIAN Oil Corporation (IOC) has saved more than Rs 100 crore within six months of adopting the Total Productive Maintenance (TPM) programme — an indicator of the enormous savings potential for the country if the industry adopts such ... More

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