The Hindu Business Line : Monday, June 20, 2005

The Shirt Company plans IPO to fund expansion
THE Shirt Company (India) Pvt Ltd is following the lead of garment makers such as Gokaldas Exports and Provogue by seeking to come out with an initial public offering (IPO) in the next couple of months. The garment exporter and licensee of ... More

Nectar Lifesciences plans to make anti-retrovirals for Ranbaxy
NECTAR Lifesciences Ltd intends to extend its existing relationship with Ranbaxy to produce anti-retrovirals for the drug major. The Punjab-based Nectar (formerly Surya Medicare) has been producing Cephalosporin-based drugs to Ranbaxy on ... More

CORPORATE DISPUTES

Reliance Info: Major changes unlikely
THE board of Reliance Infocomm will most certainly be changed; and the company's most high-profile official, Mr Kamal Nanavaty, Chief Operating Officer of the flagship wireless business, will return to Reliance Industries. Little else would ... More

`There is only one way and that's forward'
MR Anil Ambani on Sunday likened the resolution of the ownership dispute at Reliance to travelling in a car with no reverse gear. "There is only one way and that's forward," he told newspersons at Reliance Centre in Mumbai's Ballard Estate ... More

Anil Ambani offers prayers at Tirumala
MR Anil Ambani today offered prayers in the hill temple of Lord Venkateswara at Tirumala along with his wife, Ms Tina Ambani and two sons. Mr Anil's rather divine mission to the shrine assumes significance coming as it did in less than 24 hours ... More

MERGERS & ACQUISITIONS

Matrix to acquire Belgian drug firm Docpharma for $263 m
IN what could be considered the largest ever acquisition executed by an Indian pharma company, Matrix Laboratories Ltd (MLL) has decided to acquire the Belgium-based $263-million pharma company Docpharma NV. Hyderabad-based Matrix Labs had ... More

Mauritius co to pick up 22 pc stake in Celebrity Fashions
THE Rs 160-crore Celebrity Fashions Pvt Ltd, garments exporter to some of the world's top brands and parent company of menswear brand Indian Terrain, has struck a long-term private equity deal with New Vernon Bharat, the Mauritius-based ... More

OUTLOOK

Anil unveils new identity — Announces Rs 3,000-cr investment plan
MR Anil Ambani today announced the formation of Anil Dhirubhai Ambani Enterprises (ADAE) to control Reliance Capital (RCL), Reliance Energy (REL) and Reliance Infocomm. The new entity will invest about Rs 2,000 crore in Reliance Capital and Rs ... More

ITC plans 30 rural malls; 2nd phase of e-choupal in 2006
The customers (wheat millers) who provide the volume base are spread out in the regional markets, particularly south India. More

Adanis bet big on port and SEZ
THE Mundhra Port, a joint venture between the Adani Group and the Gujarat Government, will expand its facility. Having established Mundhra as an important gateway on the western coast and setting up a Special ... More

Tata Motors to move ahead cautiously
CAUTION dominated business analysis and outlook in the 2004-2005 annual report of Tata Motors, the country's biggest automobile company. The Chairman of Tata Group, Mr Ratan Tata, said in his statement, "The commercial vehicles business is one ... More

Siyaram alters product mix to boost exports
SIYARAM Mills is betting high on exports and has changed its product mix to include suits, from fabric and garments earlier. Currently, exports form 20 per cent of the company's total turnover. According to Mr Sumit K. Malhotra, ... More

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