Financial Daily from THE HINDU group of publications
Wednesday, October 19, 2005
Markets (October 18)
BL 2502328.86 (-12.20)
BSE Sensex8122.25 (-80.37)
S&P CNX Nifty2468.20 (-16.95)
US Dollar (Buy/Sell)45.14/45.28
Gold Std (10 gm)6955 (+55)


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Emami Paper to invest Rs 350 cr to raise capacity
EMAMI Paper Mills Ltd (EPM), one of the major domestic newsprint manufacturers, has finalised a Rs 350-crore investment plan to increase its daily production from 150 tonnes to 400 tonnes by December 2006. The additional capacity will be created ... More

Cipla to talk to Roche on avian-flu drug
AS the fear of bird-flu spreads to more countries, Mumbai-based drug maker Cipla has said that it would talk to Roche regarding its anti-flu drug Tamiflu. The Swiss-drug maker's anti-influenza drug Tamiflu has been in the spotlight as ... More

Bridge & Roof in talks for jt venture projects
BRIDGE & Roof Co (I) Ltd, a wholly-owned subsidiary of Bharat Yantra Nigam Ltd, a Central public sector unit, may join hands with other companies to bid in big infrastructure projects. According to Mr Mukesh Jha, Director (Finance), the company . More

  • Correction

    COMPANY LAW


    Regulators may have say on more independent directors — Company Law to set minimum number
    THE Ministry of Company Affairs is veering round to the view that the new Companies Act should prescribe a minimum number of independent directors, with the proviso that sector-specific regulators could prescribe a higher number of such directors ... More

    AWARDS & HONOURS


    Reliance's Hazira unit bags US award
    RELIANCE Industries Ltd's (RIL) - Hazira manufacturing division, has won the 2005 ASTD BEST Award from the American Society for Training & Development (ASTD), a Virginia, US-based association dedicated to workplace learning and performance ... More

    INSIGHT


    A wave of internationalisation of R&D
    Transnational corporations have come a long way from the conventional norm of retaining proprietary assets within the company (or group). They are no longer coy maidens who hide their assets in their home country; they have seen a greater openness in recent years. This paradigm shift brought about by digitisation has led TNCs to use `asset-augmenting' approaches to complement their earlier `asset-exploiting' strategies. More

    COURTS/LEGAL ISSUES


    We are no more the owners, says NTC Chairman
    FOR the sick textile monolith National Textile Corporation (NTC), which was striving hard to sell its surplus lands held under its closed textile units in Mumbai for the last 5-years or so, it has been rough road all the way. The sale of five ... More

    Indiabulls to appeal against HC order
    INDIABULLS Properties Private Ltd will file an appeal in the Supreme Court against the Bombay High Court order of October 17, which set aside the sale of land owned by the National Textile Corporation (NTC) mills in Mumbai. NTC had sold five ... More

    NTC may appeal to SC, says Textiles Secy
    NATIONAL Textile Corporation (NTC) will prefer an appeal in the Supreme Court against the Bombay High Court order setting aside the sale of land by the five NTC textile mills in Mumbai, according to Mr R. Poornalingam, Secretary, Ministry of ... More

    MERGERS & ACQUISITIONS


    NEPC India shareholders to get 12.5 shares in new company for every 100
    SHAREHOLDERS of NEPC India will get 12.5 shares in the newly formed special purpose vehicle, Southern Windfarms Pvt Ltd, for every 100 shares held in NEPC India, the Managing Director of the company, Mr Tirupathi Khemka, told Business Line ... More

    Tata Steel buys coal property in Australia
    TATA Steel has acquired its second coal property in Australia. It has acquired equity interest in a coal property in which the other stakeholders include Korean steel major, Posco, and some Japanese steel firms. Speaking to newspersons today at ... More

    HC clears Ruia Group's purchase of Hirakud Cables — BIFR okays Jessop's rights issue
    THE Orissa High Court has cleared the acquisition of Hirakud Cables by the Ruia Group. Though the State Government had favoured the proposal to divest the sick State PSU in favour of the Ruia Group in April, the takeover was delayed due to ... More

    SPIC hikes stake in SPEL Semiconductor
    SPIC increased its stake in SPEL Semiconductor to 55.62 per cent during the quarter ended September 2005, from 34.97 per cent in the previous quarter. SPIC, SPEL's promoter, converted to equity an unsecured loan of Rs 36.80 crore that it ... More

    NEW PROJECTS


    Bannari Amman Sugars to expand capacity at Karnataka
    BANNARI Amman Sugars Ltd, which has two sugar factories — at Sathyamangalam in Tamil Nadu and at Alaganchi village near Nanjangud in Karnataka — is in the process of expanding the Karnataka unit to 7,500 TCD (tonnes of cane crushing ... More

    VLCC plans to invest Rs 70 cr
    VLCC, a beauty and fitness brand, has sewn up plans to invest Rs 70 crore in two manufacturing plants, one at Hardwar, Uttaranchal and the other in Dubai, both to produce personal care products that support their chain of fitness centres. These ... More

    TRADE & LABOUR UNIONS


    Strike halts production at Grasim plant in Karnataka
    MANUFACTURING activities at Grasim Industries' Viscose Staple Fibre plant at Harihar in Karnataka have come to a halt following a strike by workers at the unit. This unit, called Grasilene Division, constitutes about 15 per cent of the pulp and ... More

    ALLIANCES & JOINT VENTURES


    Air ambulance services — Escorts Heart Institute in pact with Deccan Aviation
    ESCORTS Heart Institute and Research Centre (EHIRC) has tied up with Deccan Aviation to launch air ambulance services, called Air Rescue One in the country. Announcing this initiative, Dr Naresh Trehan, Executive Director, EHIRC, said, "We feel ... More

    SOCIETY & DEVELOPMENT


    Guj Ambuja aid for quake victims
    NEW DELHI: Ambuja Cement Foundation, an affiliate of Gujarat Ambuja Cements, is sending relief material worth Rs 25 lakh to the quake victims of J&K, a company release said. ... More

    OUTLOOK


    Hyundai targets export earnings of Rs 2,700 cr — Santro heads for UK in November
    A BRIGHT red left-hand drive Atos Prime - the Hyundai Santro Xing in India - rolled up the ramp into the cavernous ship at the Chennai port today as crackers exploded and confetti showered on it. It was the 2,00,000th car being exported by ... More
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    Looking back
    Oct. 9-Oct. 15
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