The Hindu Business Line : Wednesday, May 11, 2005

Mishap at Premier Explosives
HYDERABAD: An accident took place at the R&D lab of Premier Explosives Ltd's detonators division. The company informed the stock exchanges on Tuesday that one person died in the accident. Following this, the Chief Controller of ... More

ANNOUNCEMENTS

GAIL in talks to buy Indonesian LNG for Dabhol
GAIL (India) is in discussions with the Indonesian gas company BPMIGAS for sourcing liquefied natural gas to restart the Dabhol power project. GAIL is trying to buy the 2.3 million tonnes a year spare capacity available at the Bontang LNG ... More

Amrit Foods to double production capacity of flavoured milk
AMRIT Foods, division of the Rs 600-crore Amrit Group, is planning to double its production capacity of flavoured milk in the wake of sales of its brand Gagan Flavoured Milk growing by over 100 per cent in 2004-2005, a company release said. At ... More

New Reva to be launched today
NEW DELHI: Indian scientists have come up with an improved version of the indigenously produced electric car, Reva, the Science and Technology Minister, Mr Kapil Sibal, has said. The car was showcased at Monaco at an event and would be ... More

BUYBACK

Godrej board nod for share buyback
GODREJ Consumer Products Ltd has informed the BSE that its board of directors has approved buyback of shares through the open market at a price of Rs 400 per share. The company has allotted Rs 4.8 crore for this buyback. The board has also ... More

OVERSEAS BORROWINGS

Jubilant to raise $75 m
NEW DELHI: JUBILANT Organosys Ltd will raise $75 million through a foreign currency convertible bond (FCCB) issue to be listed on the Singapore Stock Exchange. According to a company statement, the unsecured and zero coupon 5-year FCCB ... More

AWARDS & HONOURS

Kribhco bags NPC award
KRISHAK Bharati Cooperative Ltd (Kribhco) has bagged the first prize in National Productivity Council's productivity award in the "Bio Fertiliser Producers Sector" for 2003-04. The cooperative has produced 560.4 tonnes of bio fertiliser ... More

COURTS/LEGAL ISSUES

Birlas move HC seeking intervention
The Birlas on Tuesday filed an application in the High Court here seeking the court's intervention, allowing Special Officers to break open the almirahs and chests belonging to the late Ms Priyamvada Birla. The court had appointed three ... More

FINANCIAL PERFORMANCE

Ecoboard back in black
MUMBAI: After five years of recurring losses, Ecoboard Industries posted a net profit of Rs 18.9 crore for the year ended March 31, 2005. Sales grew by 42 per cent to Rs 45.43 crore from Rs 31.93 crore in the last year. The company ... More

MERGERS & ACQUISITIONS

Malladi Drugs acquires US-based Novus
THE Rs 80-crore Malladi Drugs and Pharmaceuticals has acquired the US-based Novus Fine Chemicals in a Rs 100-crore deal. The acquisition has been facilitated through strategic funding from a consortium of private equity investors, including ... More

ALLIANCES & JOINT VENTURES

Bajaj Electricals in pact with US co
BAJAJ Electricals has tied up with the US-based Multiquip, a leading manufacturer and distributors of light and medium-sized construction equipment around the globe. Under the agreement, Bajaj Electricals would market Multiquip's advanced ... More

Dai Ichi in pact with GVK Bio
DAI-ICHI Karkaria Ltd has signed a memorandum of understanding (MOU) with the GVK Biosciences Pvt Ltd (GVK) on Tuesday for the transfer of its Hyderabad business into a new joint venture. The joint venture would be in the business of active ... More

Natco tie-up with US varsity
HYDERABAD: Natco Pharma Ltd has announced a tie-up with the US-based Temple University. In a press release here on Tuesday, the company said the tie-up facilitates undertaking of specified biological studies by the university, for ... More

EVENTS

`Family businesses should professionalise management'
"A combination of entrepreneurial qualities and professional management was the best way to grow businesses." More

OUTLOOK

LML plans 100 cc bike launch in August
HAVING completed its financial restructuring, LML Ltd today announced that it would introduce a 100 cc motorcycle in August and roll out four-stroke scooter models by next year in order to boost sales. LML currently makes motorcycles in the 110 ... More

Reliance to maintain export volumes of diesel, petrol at present levels
RELIANCE Industries Ltd is exporting 4 lakh tonnes of diesel and 3 lakh tonnes of petrol per month. According to a senior company official, "our monthly exports of diesel and gasoline have remained unchanged over the past several ... More

Maruti's Swift likely to be priced in Rs 4.5 lakh-6.5 lakh range
THE Swift, billed the biggest launch of Maruti since it launched M800 over two decades ago, will have no brand ambassador , but could see an aggressive price range of Rs 4.5 lakh-6.5 lakh for its three variants. The car, expected to be ... More

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