Financial Daily from THE HINDU group of publications
Tuesday, December 27, 2005
Markets (December 26)
BSE Sensex9085.89(-171.02)
S&P CNX Nifty2749.60 (-55.25)
US Dollar (Buy/Sell)45.00/45.13



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Wockhardt gets USFDA nod for epilepsy drug
PHARMA company Wockhardt Ltd has received regulatory approval from the United States Food and Drug Administration (US FDA) for marketing epilepsy drug Zonisamide capsules, in the US. Zonisamide is the generic or chemically similar version of ... More

Liberty Shoes chalks out expansion plans
The company also plans to have a direct presence in the overseas markets. More


Man Ind appoints co-lead managers for GDR issue
MUMBAI: Man Industries (India) Ltd has informed the Bombay Stock Exchange that it has appointed ICICI Securities and Dubai Bank as co-lead managers to its upcoming GDR issue. The company plans to raise equity capital up to $50 million ... More


UltraTech board okays Narmada Cement merger; swap ratio at 1:18
NARMADA Cement will be merged with UltraTech Cement, the merger ratio being one equity share of UltraTech Cement for every 18 equity shares of Narmada Cement. This is according to a scheme of amalgamation approved on Monday by the board of ... More

Sundram Fasteners buys Peiner — 'Acquisition will help foray into French market'
SUNDRAM Fasteners Ltd on Monday formally announced the acquisition of 100 per cent stake in Peiner Umformtechnik GmbH, Germany, from its owners, Textron Deutschland Beteiligungs GmbH, a group company of Textron, USA. At a press conference here, ... More

Shah family to acquire 11 pc in Mukand
IN an inter-se transfer of promoter holding, the Shah family plans to acquire over 11 per cent equity stake in Mukand Ltd from the other promoter, the Bajajs. The transfer of the shares will be effected after Thursday when a four-day notice ... More

RIL promoters to consolidate holding thru group transfer
RELIANCE Industries promoters (Mukesh Ambani and family) have started consolidating their holding in the company through inter-se transfer. As part of the transfer, various promoters' companies - Bhumika Trading, Eklavya Mercantile, Ekansha ... More

Overseas acquisitions set to top $4.5 b in 2005 — `Number of enquiries for due diligence has increased significantly'
The average size of overseas acquisitions is only about $30-40 million, with many small and medium size companies seeking to expand abroad More

Tata Chem open offer soon for remaining stake of Brunner Mond — `Funds will be generated internally for the purpose'
THE combined entity of Tata Chemicals Ltd (TCL) and UK-based Brunner Mond Group (BM) will be the third biggest soda ash manufacturer worldwide with a production capacity of 3 million tonnes. TCL had acquired a 63.5 per cent equity stake in BM ... More

Glenmark buys S. African co Bouwer Bartlett
GLENMARK Pharmaceuticals has acquired Bouwer Bartlett Pty Ltd, a South African sales and marketing company, for an undisclosed consideration. The acquisition was through wholly owned subsidiary, Glenmark Pharmaceuticals SA, and marks the ... More

BILT may merge Ashti unit with itself
Ashti is one of the most promising units in terms of catering to the demand of copier paper, which the company feels will witness steep growth in the future. More


Clause 49: Deadline may be extended
THE December 31, 2005 deadline for appointment of independent directors on the boards of listed companies as per Clause 49 of the listing agreement set out by the SEBI may be extended to March 31, 2006 sources told Business Line. ... More


Jindal Stainless' 2nd chrome furnace in Orissa likely by end-January
The company is setting up two ferrochrome plants with a capacity of 75,000 tonnes per annum that will eventually provide raw material to its proposed integrated steel plant in Orissa. More

Syngenta plans radiochemistry lab in West Bengal
SYNGENTA of Switzerland, a global leader in agribusiness and a company that is committed to sustainable agriculture through innovative research and technology, is likely to set up a radiochemistry laboratory in West Bengal. A feasibility study ... More


Indian Oil eyeing opportunities in Africa
INDIAN Oil Corporation (IOC) is considering participating in a few opportunities in refining and downstream activities, including retailing and equity oil stake, in African nations. The Centre has recently allowed Oil India Ltd (OIL) and IOC ... More


MCA's e-Governance facility set for launch
THE first of the 25 mission-mode projects identified by the Ministry of Company Affairs is on the verge of take-off. `MCA 21,' an e-Governance initiative to enable companies to file documents online, will be launched on January 15. The ... More


NPIL-Pfizer deal on animal health products
MUMBAI: Nicholas Piramal India Ltd (NPIL) has signed a long-term contract manufacturing agreement with Pfizer International LLC for animal health products. The agreement is for a period of seven years and renewable thereafter, a company ... More

NTPC in joint venture pact to take over two power plants in Bihar
PUBLIC sector power major National Thermal Power Corporation (NTPC) has said it would form a joint venture company to take over two 110 MW power plants in Bihar. It signed a memorandum of understanding with the Bihar Government and the Bihar ... More


`New tech trends can touch every aspect of life'
"NANOTECHNOLOGY has the potential to touch every aspect of our life. It is increasingly finding applications in many a field, more so in medicine," said Mr D. Raghuram, Vice-President, Technology Enterprises Solutions, Ramco Systems Ltd, ... More


Venture fund likely to be launched for Kerala entrepreneurs
FOR potential entrepreneurs in Kerala, the search for start-up funding may soon get easier if a proposal by Kerala Global Support Network to start a `seed venture fund' takes off. According to Mr Arun Kumar of Kerala Global Support Network ... More


Titan Industries fixes debenture price at Rs 350
TITAN Industries has finalised the price of the equity shares comprised in the partly convertible debentures (PCD) (forming Part A of the PCD) to be issued on allotment at Rs 350 per equity share of a face value of Rs 10 per share and inclusive ... More


ABC Consultants bets big on recruitment process outsourcing
ABC Consultants, a player in the organised recruitment services sector, has set its eyes on `recruitment process outsourcing' (RPO) to cater to the needs of major companies. "Some companies recruit thousands of people annually. Since we have ... More

AstraZeneca may re-launch asthma inhaler Symbicort
Industry sources estimate the domestic respiratory drugs market, growing at 11 per cent annually. More

Maruti plans to unveil Escudo, Solio at expo
MARUTI Udyog is planning a grand showing at the upcoming Eighth Auto Expo to be held in Delhi next month. The company intends to unveil the SUV Escudo, that was launched internationally in August this year, and the hatchback, Solio at the ... More

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Top Stories
Indian Oil eyeing opportunities in Africa

New set of fund managers at UTI

Brand India is a good draw at airport duty-free shops

Boxing Day there, holiday here

Sundram Fasteners buys Peiner — 'Acquisition will help foray into French market'

Fund managers call for better look at fixed-income market

Overseas acquisitions set to top $4.5 b in 2005 — `Number of enquiries for due diligence has increased significantly'

Paper prices to go up

Prospects for bulk pineapple exports brighten — Pilot consignment of 5 tonnes sets sail for Dubai

RBI can afford to lower rates

In Focus

Dynamic Tirupur
Trends in IT - 2005
FDI in retail sector
Indian Aviation: Sky is the limit
India Inc's bonus bonanza
India Inc's overseas acquisition

In Depth

Gender Justice
Simple Economics
Tax Talk

Looking back
Dec. 18-Dec. 24
Coal gasification projects — ONGC may rope in Shell as joint venture partner

German co in talks with Indian power firms for carbon credits

RoC e-initiative to open up data on India Inc

Ratna R-Series oil field — Oil Ministry seeks opinion of Law Ministry on ONGC's counter-claims

`India witness to heightened M&A activity'

SEBI unlikely to extend revised Clause 49 deadline

Reliance demerger comes into effect

Reliance F&O: NSE cancels Jan 17 trading, fixes Jan 18 as ex-date to adjust de-merger

ONGC to pay Rs 25 interim dividend — Govt share amounts to Rs 2,642 cr


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