Financial Daily from THE HINDU group of publications
Wednesday, December 21, 2005
Markets (December 21)
BSE Sensex9346.24 (-48.03)
S&P CNX Nifty2826.20 (-16.40)
US Dollar (Buy/Sell)45.16/45.29


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ANNOUNCEMENTS


Titan plans to launch sub-Rs 300 watches
TITAN Industries plans to offer sub-Rs 300 watches under the Sonata range to make inroads into the huge semi-urban and rural markets in the country. "We will be going to lower and lower price points to tap the huge rural market," the Titan ... More

Orchid's Cefprozil to hit US markets
THE Chennai-based Orchid Chemicals & Pharmaceuticals Ltd will be able to tap a $117 million market in the US with launch of Cefprozil tablets (cephalosporin) after December 23, 2005, when its patent expires, according to a press release from the More

KCP Sugar board okays stock split
THE board of KCP Sugar and Industries Corporation Ltd has approved a proposal to split the face value of its shares to Re 1 from Rs 10 a share, according to information provided by the company to the stock exchanges. The company will seek ... More

Dwarikesh Sugar begins crushing at new unit
DWARIKESH Sugar Industries Ltd (DSIL) commenced crushing at its greenfield project of 5,500 tonnes per day (TCD; expandable up to 7,500 TCD) at Bahadarpur in Bijnor district of Uttar Pradesh. With the commencement of the project, the company's ... More

OPEN OFFERS


SEBI exempts Thomas Cook from making open offer
SEBI has exempted the Thomas Cook group from making an open offer in the transfer of 60 per cent stake in the India-listed Thomas Cook (India) Ltd from its group company Thomas Cook Overseas Ltd to a newly floated group company Thomas Cook ... More

CORPORATE DISPUTES


Gas supply contract issue — NTPC files case against Reliance
NATIONAL Thermal Power Corporation on Tuesday moved the High Court of Bombay against Reliance Industries Ltd (RIL), putting into action a warning earlier this month that it would take "legal and other steps" against the company for not honouring ... More

Haldia Petro: TCG, Bengal Govt resolve to sort out issues
REPRESENTATIVES of the West Bengal Government and The Chatterjee Group (TCG) are likely to sit down and sort out all the contentious issues relating to Haldia Petrochemicals Ltd. Sources in TCG said preliminary discussions had been held with ... More

AWARDS & HONOURS


Tata BP Solar bags award
TATA BP Solar has been chosen for the Gold Award in the engineering category of the Indian Manufacturing Excellence Award 2005, instituted by Frost & Sullivan. This award signifies public recognition of our efforts to successfully implement ... More

MANAGEMENT


Management students' meet at Rushikonda
VISAKHAPATNAM: The school of management studies, Gayatri College, is organising a two-day meet of management students from different colleges at Rushikonda on Thursday and Friday. Mr P. Somaraju, Secretary, and Mr D. Dakshina Murthy, ... More

NEW PROJECTS


Diamond Hatcheries to set up feed plant near Medchal
DIAMOND Hatcheries, one of the leading players in the poultry sector from Andhra Pradesh, is investing Rs 6 crore in setting up a separate palletised feed plant for its poultry birds near Medchal on the outskirts of Hyderabad. It has floated a ... More

ALLIANCES & JOINT VENTURES


MSD India, ICMR sign pact for studies on cervical cancer drug
`We want to know how Gardasil vaccine would respond to the Indian conditions.' More

NMDC in pact with Kanoria Chem, Central salt institute
THE National Mineral Development Corporation (NMDC), Kanoria Chemicals & Industries Ltd and the Central Salt & Marine Chemicals Research Institute (CSMCRI) have signed a memorandum of understanding. The MoU entails setting up of a pilot plant More

GAIL, Coal India in pact for gasification projects
WITH soaring demand for clean fuels and a tight supply situation, GAIL (India) Ltd has entered into an agreement with Coal India Ltd (CIL) for its pursuits in the surface coal gasification (SCG) projects. This will help in taking further steps ... More

Natco Pharma signs pact with US co for oral drugs
IN a bid to enter the American and European markets, Natco Pharma Ltd (NPL) has signed a Letter of Intent (LoI) with the US-based Akorn Inc to develop and supply two ANDA (Abbreviated New Drug Application) oral tablet drug products for cancer ... More

DIVERSIFICATION


NTPC likely to get seven coal blocks
NTPC's foray into coal-mining is aimed at ensuring timely availability of fuel for its stations and at controlling the fuel cost, which constitutes around 50 per cent of its bulk supply tariffs. More

OUTLOOK


Honeywell India targets $1-b revenue
HONEYWELL India is targeting $1-billion in revenues by 2010. Currently, revenues are around $300 million and the company expects to make $500 million by the end of the next calendar year. "Our growth will be substantially organic," said Mr ... More

BL Kashyap hopes to achieve Rs 500-cr revenues this fiscal
CONSTRUCTION company BL Kashyap and Sons said it expects revenues to touch Rs 500 crore in the current financial year on the back of new projects in commercial, residential and IT space. The company is also keen to participate in the ... More

IBP hopeful of turnaround
HAVING registered a Rs 397-crore loss in the first half, IBP Ltd is hopeful of ending 2005-06 with marginal net profit. The company also expects its proposed merger with IOC to be over by the first quarter of next year. Dr N.G. Kannan, ... More

PEOPLE


B.V.R. Subbu — Openness, his forte
HE'S forthright and forthcoming, some may even call him outspoken. But what sets the Hyundai Motor India Ltd President, Mr B.V.R. Subbu, apart is his academic bent of mind as he intellectualises every facet of life — from car manufacturing ... More
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