Financial Daily from THE HINDU group of publications
Tuesday, October 18, 2005
Markets (October 17)
BL 2502341.06 (+0.65)
BSE Sensex8202.62 (+0.89)
S&P CNX Nifty2485.15 (+0.75)
US Dollar (Buy/Sell)44.85/44.95
Gold Std (10 gm)6900 (+25)


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ANNOUNCEMENTS


KMML to raise capacity to 60,000 t by June
KERALA Minerals and Metals Ltd (KMML) at Chavara in Kollam district is to expand its production capacity to 60,000 tonnes from the current 40,000 tonnes by mid-next year. The top profit-making State public sector unit "has fixed the target date ... More

Dr Reddy's launches liver drug
HYDERABAD: Dr Reddy's Laboratories Ltd announced on Monday the nationwide launch of Viboliv (Metadoxine), a drug to help prevent liver damage, in 500mg tablet and 300mg injectable form. In a press release here, the company said ... More

NEPC to sell wind energy unit
CHENNAI: NEPC India on Monday informed the stock exchanges that it proposes to sell its wind energy division to Southern Windfarms Pvt Ltd for a consideration of Rs 153.59 crore. The buyers will pay Rs 135 crore to the unsecured lenders ... More

Aurobindo Pharma plans to sell unit
AUROBINDO Pharma Ltd is planning to sell one of its non-regulatory manufacturing facilities due to the shift in focus towards highly regulated markets. The company informed the stock exchanges on Monday that it proposes to sell/dispose of ... More

CORPORATE DISPUTES


More pharma patent litigations in store — Ranbaxy, Dr Reddy's prepare for long battle
PFIZER may have won a favourable ruling from the UK court in its battle against the domestic pharma major, Ranbaxy Laboratories, over its patent for the anti-cholesterol drug, `Lipitor'. But officials of Ranbaxy and Dr Reddy's Laboratories ... More

RESTRUCTURING


Bombay Burmah to decide on Dental Products merger soon
THE Wadia-controlled Bombay Burmah Trading Corporation Ltd (BBTCL) is set to take a decision on merging Dental Products of India, its wholly-owned subsidiary. A top-official with BBTCL told Business Line that there were a couple of ... More

MERGERS & ACQUISITIONS


Omax Auto set to acquire US firm
OMAX Autos is set to join the growing league of Indian auto components manufacturers that are acquiring companies in the overseas markets. The company is on the verge of taking over an auto component firm in the US. Informed sources peg the ... More

Bain Capital acquires parent co of FCI OEN Connectors
BAIN Capital, a global private investment firm, is acquiring electronic connector maker FCI, which has a 68-per cent stake in the Kochi-based FCI OEN Connectors Ltd through its subsidiary, FCI France. The FCI OEN stock closed at Rs 415.10 on ... More

Temasek picks stake in Medreich
THE Medreich Group based in India and the UK today announced that Temasek Holdings has made a major investment in the group. A release issued by the pharma company did not mention any amount. Sources said FIPB had earlier cleared the Singapore ... More

NEW PROJECTS


Nadi group to go for capacity expansion
With demand for industrial and instrument-cooling fans on a roll in India, the Nadi group, which produces both kinds of fans through two separate joint ventures, is planning capacity expansion. Nadi Airtechnics Pvt Ltd — an equal joint ... More

ALLIANCES & JOINT VENTURES


Marvel Entertainment, First Serve Toonz join hands for animated series
THE New York Stock Exchange (NYSE)-listed Marvel Entertainment, a global entertainment and licensing company, has announced a tie-up with First Serve Toonz (FST), an Indian animation company, to co-produce an animated television series. To be ... More

EVENTS


Tracing the history of Tata Motors
FROM Rail to Road — the Story of Tata Motors. The Tata Group has unveiled an exhibition in Pune showcasing the history of the company. Sixty years ago on June 1, 1945, Tata Sons Ltd purchased from the Government of India, the `Tatanagar ... More

OUTLOOK


Staffing cos may soon pip IT firms in job market
TECH companies, the flagbearers of the job market, may soon have to look over their shoulders. Closing in on them are staffing companies, the dark horses. While the infotech sector is riding the crest of the job wave and hiring by thousands ... More

SAAG-RR expects to double turnover on healthy order position
SAAG-RR Infra Ltd, which ended last year with a topline of Rs 16 crore, expects to double its turnover in the current year, thanks to "healthy order-booking". The company's Managing Director, Mr R. Sriram, told Business Line that orders ... More

SCI plans to invest Rs 6,500 cr to buy 34 vessels in 5 years
SHIPPING Corporation of India (SCI) plans to invest about Rs 6,500 crore in about five years for acquiring 34 vessels. "We have planned the investment for our massive vessel acquisition programme of 34 vessels. This includes our annual ... More

IOC expects to make profit in Q2; IBP set to post losses
The total under-recoveries suffered by IOC for April-October 2005 was Rs 5,000 crore on kerosene and LPG, and Rs 3,483 crore on petrol and diesel. The under-recovery on LPG was Rs 1,500 crore for the period. More

PEOPLE


Nikhil Nanda back on Escorts board
ESCORTS Ltd on Monday said that it has appointed Mr Nikhil Nanda as whole-time director to be designated as Executive Director and Chief Operating Officer (COO). The board of directors of the company, at a meeting on Monday, approved the ... More
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Top Stories
More pharma patent litigations in store — Ranbaxy, Dr Reddy's prepare for long battle


Panel to examine compulsory licensing of bird flu drug

Zee Sports plans to give a leg up to Indian football

Omax Auto set to acquire US firm

Staffing cos may soon pip IT firms in job market

'60 pc of Bt cotton sown in Punjab unauthorised'

India watching PetroKazakh revamp

Antibiotics segment ailing due to high input costs

In Focus

Indian Aviation: Sky is the limit
Stock splits
India Inc's bonus bonanza
Dabhol power regenerated
Sethusamudram Canal Project
India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Oct. 9-Oct. 15
33 pc independent directors on co boards — Govt studying Irani panel proposal

Advantages of duty sops, lower lead-time for exports — Textile cos begin to set up units abroad

Corporate India's fundamentals strong: Crisil

Delhi-Chicago flight — American Airlines ties up with Air Sahara


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