Financial Daily from THE HINDU group of publications
Thursday, June 30, 2005
Markets (July 25)
BL 2502325.28 (+12.27)
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ANNOUNCEMENTS


Tata Motors eyes tie-ups in Thailand
TATA Motors is in talks with potential partners in Thailand for a presence in that country. "As Thailand is the largest market for pick-ups outside the US, Tata Motors is exploring ways of establishing presence in Thailand. It is in discussion ... More

UB to sell some of its liquor brands
THE UB Group expects to mop up in excess of $50 million by divesting a part of its Indian Made Foreign Liquor (IMFL) brand portfolio, according to a top company official. However, UB would be cautious in not letting the brands slip into the hands ... More

RRD Tex to double capacity
TIRUPUR-based RRD Tex Private Ltd engaged in knitted garment exports is doubling capacity across its production chain, from yarn to garmenting, to meet demand in the global market. Part of the three-decade-old Best Group of Tirupur, the company ... More

Orchid gets ANDA approval for oral drug
CHENNAI: Orchid Chemicals and Pharmaceuticals on Wednesday announced that it has received approval from the USFDA for its ANDA (Abbreviated New Drug Application) of Cephalexin capsules USP 250 mg and 500 mg. "This is the first ANDA ... More

PREFERENTIAL ALLOTMENTS


Reliance Info preference share conversion: Not attractive enough
SHAREHOLDERS of Reliance Industries Ltd (RIL) may not find the terms on which the company's holdings in the preference capital of Reliance Infocomm is being converted into equity of the latter attractive. The RIL board has come up with a ... More

AWARDS & HONOURS


Hinoday bags Denso award
HINODAY, a Pune-based manufacturer of parts for the automobile and electronic industry, has been awarded the `Regional Co-operation Award-2005' by the Japanese car parts manufacturer, Denso Corporation. A company statement said that it is the ... More

INSIGHT


Aye bhai, zara dekh ke chalo!
The Ambani brothers have fought and have made up, in the process splitting Reliance's mega industrial empire. Now is the time to look at soft issues. Now is the time to build the brand. More

MERGERS & ACQUISITIONS


KPMG reports upsurge in Indian M&A activity
WHILE the worldwide mergers and acquisitions analysis reveals that deals worth $671 billion were completed in 2005, which is a fraction less than the $675 billion closed in the first half of 2004, the Indian scenario shows an upsurge. During ... More

Jay Shree Tea may buy Singbuli, Balasona estates
JAY SHREE Tea & Industries Ltd, a B.K. Birla Group company, might acquire the two estates of the M.K Bajoria-owned Darjeeling Consolidated Tea Co Ltd. The company has already taken management control of these Darjeeling gardens, namely Singbuli . More

ALLIANCES & JOINT VENTURES


Ircon, Malaysian co join hands for monorail projects
IRCON International, the construction arm of Indian Railways, has joined hands with a Malaysian company, M-Trans Holdings, to work together for the planning and construction of monorail projects in various cities in India. The tie-up has been ... More

OUTLOOK


Empee Sugars plans to invest Rs 100 cr in co-generation unit
EMPEE Sugars & Chemicals Ltd plans to ride on the buoyancy in the sugar industry to expand its operations. Remunerative sugar prices over the last two years have helped the company pay off its debts, report a profit in 2004-05 and plan for ... More

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