Financial Daily from THE HINDU group of publications
Friday, July 22, 2005
Markets (July 21)
BL 2502280.28 (-15.62)
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US Dollar (Buy/Sell)43.46/43.59
Gold Std (10 gm)6030 (+30)

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RESEARCH & DEVELOPMENT


Industry-R&D linkage programme
THIRUVANANTHAPURAM: The Government is launching a programme to strengthen the linkage between industry and research and development (R&D) institutions for mutual benefit. The event, styled `InduSearch', is being organised by the Kerala ... More

ANNOUNCEMENTS


GE Commercial to invest $63 m in Ascendas' IT parks fund
GE Commercial Finance Real Estate has announced it will invest $63 million in a newly formed fund — the India IT Parks Fund — sponsored by business space provider, Ascendas Pte Ltd. Ascendas has also invested in the fund along ... More

Rico Auto ends pact with Ford
AUTO components major Rico Auto on Wednesday said that it has ended an agreement with Ford Motor and would pay the US carmaker $2 million over a two-year period. "The company has sought such termination as the consideration accruing to Ford ... More

Ranbaxy gets tentative FDA nod for diabetes drug
RANBAXY Laboratories Ltd has received tentative approval from the US Food & Drug Administration (FDA) to manufacture and market Glimepiride tablets 1 mg, 2 mg, 4 mg and 8 mg to lower blood glucose. The total annual market sales for Glimepiride . More

Lupin launches anti-infective in US
THE Mumbai-based drug maker Lupin Ltd has launched the anti-infective Ceftriaxone vials for injections in the United States market, a day after the patent on the drug expired. Ceftriaxone is the generic or chemical equivalent of Rocephin ... More

Aurobindo gets European approval for APIs
AUROBINDO Pharma Ltd has announced that it has been granted the Certificate of Suitability (CoS) of monographs of the European Pharmacopoeia by the European Directorate for the Quality of Medicines (EDQM) for its active pharmaceutical ingredients ... More

PREFERENTIAL ALLOTMENTS


ADAE to invest Rs 2,300 cr in Reliance Capital
ANIL Dhirubhai Ambani Enterprises (ADAE) will be infusing fresh equity capital to the tune of Rs 2,300 crore in Reliance Capital Ltd (RCL). The proposal for preferential allotment got the shareholders' approval at an extra-ordinary general ... More

OVERSEAS BORROWINGS


GDR era returns for Indian companies
MOVE over Mumbai. Luxembourg, London, and Singapore are emerging as the preferred destinations for Indian corporates aiming to tap the financial market. And it is not by way of debt instruments alone, as ECBs and of late FCCBs are making way for ... More

INSIGHT


CNOOC's bid for Unocal — Chinese strategy that tests US ideology
The proposal of the Chinese National Offshore Oil Company to take over Unocal, the American energy firm, is turning out to be a litmus test of the US' commitment to market ideology. The deal is a part of China's strategy to diversify its resources an d not to seize US resources or assets. The gains to China by taking over Unocal may really be in the long term. K. Subramanian on the details of the Chinese bid. More

COURTS/LEGAL ISSUES


Kerala Govt to move Supreme Court against HC order on Coca-Cola plant licence
THE State Government is planning to move the Supreme Court against the order of the Kerala High Court directing the Perumatty panchayat to renew the licence of Coca-Cola bottling plant at Plachimada in Palakkad district. The Local ... More

Reprieve for Essar Oil directors; HC extends stay in Peerless case
DIRECTORS of Essar Oil Ltd, who were facing disqualification from the company's board following their alleged failure to honour their debenture payment obligation, got a reprieve from the Gujarat High Court on Thursday. A Division Bench of the ... More

MERGERS & ACQUISITIONS


Leela group takes over Kovalam hotel; to spare Halcyon Castle
THE Mumbai-based Hotel Leela Venture Ltd has announced the launch of The Leela Kovalam Beach, its first hotel in Kerala, following the takeover of Kovalam Hotels Ltd. Speaking to newspersons, Mr C.P. Krishnan Nair, Chairman, said: "I always ... More

NEW PROJECTS


Cement cos keen on tie-up with SAIL — EOIs for plants at Bhilai, Bokaro
LEADING cement companies such as Jaypee Cement, Shree Cement, Birla Corporation and the State-owned Cement Corporation are keen on joining hands with Steel Authority of India Ltd (SAIL) to set up joint venture cement plants at Bhilai and ... More

Indo-Malaysian venture to set up furniture plant in Chennai
BUOYED by the fast emerging opportunities in the interior fit-outs market, LCL-IJMII International Interiors Pvt Ltd, the joint venture between the Malaysia-based LCL Corporation Berhad and IJM (India) Infrastructure Ltd, has decided to set up ... More

Lanco coke oven plant begins production
THE coke-oven plant of Lanco Industries has commenced commercial production from June 15. The company informed the stock exchanges that its 12 MW power project is currently at an advanced stage of implementation and expected to be commissioned ... More

TRADE & LABOUR UNIONS


NTC, workers reach pact
COIMBATORE: National Textile Corporation Ltd (NTC) in Tamil Nadu has entered into an agreement with its workmen's unions on payment of interim wages for its workers employed in eight textile units in the State. As per the agreement ... More

ALLIANCES & JOINT VENTURES


HAL, Snecma sign pact for joint venture
HINDUSTAN Aeronautics Ltd and the French aerospace major Snecma have announced the signing of a shareholders' agreement to formalise their 50:50 joint venture. The new company, yet to be named, will be based in Bangalore and will begin ... More

BONUS ANNOUNCEMENTS


  • Suryalata Spinning offers 1:2 bonus

    OUTLOOK


    Sharp to launch electronic cash registers soon
    SHARP Business Systems will be launching electronic cash registers next month to tap the huge potential following a virtual boom in the shopping malls and retail business in the country. With automation sweeping the retail sector "our company ... More

    Novartis India looking at two product launches in 2007
    NOVARTIS India will look at launching a couple of products in India in 2007. This will be in addition to its exploring licensing and acquisition opportunities, company top brass told analysts on Thursday. Mr Ranjit Shahani, Vice-Chairman and ... More


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    Top Stories
    Sugar mills get Nabard package on debt


    Govt fixes floor price for e-auction of coal

    Rajeev Chandrasekhar may tune into FM radio

    Yuan revaluation: IT companies see no major impact

    Yuan effect: Rupee may strengthen

    No let-up in movement of ore to steel plants

    Financial sector reforms no help to real economy

    In Focus

    Dabhol power regenerated
    China's revaluation
    Tracking the rains
    Sethusamudram Canal Project
    Indo-S'pore Economic Treaty
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
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    Looking back
    Jul. 10-Jul. 16
    ONGC plans to invest Rs 10,000 cr in Mumbai High redevelopment

    Amul targets Rs 150-crore export turnover

    IOC, IBP boards to decide on swap ratio for proposed merger

    ONGC may no longer provide interest-free loans to OVL

    Centre may move CLB again for more directors on Morepen board

    Suzuki Motorcycle plans Indian launch in Oct with 125-cc bike


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