Financial Daily from THE HINDU group of publications
Wednesday, March 22, 2006
Markets (March 21)
BSE Sensex10905.20(-35.91)
S&P CNX Nifty3262.30 (-3.35)
US Dollar (Buy/Sell)44.42 (-0.05)


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ACCIDENTS


Fire accident at Dr Reddy's unit
A minor fire broke out in a section of the active pharmaceutical ingredients (API) facility of Dr Reddy's Laboratories Ltd at Pydibheemavaram near Visakhapatnam on Tuesday. According to the company, all immediate remedial actions ... More

ANNOUNCEMENTS


Oil India pays second interim
Oil India Ltd (OIL) has paid a second interim dividend of Rs 157.5 crore for the financial year 2005-06 to the Union Government. The company has paid the second interim dividend at the rate of 75 per cent. According to a ... More

Jain Irrigation supplies to TN
Jain Irrigation Systems Ltd (JISL), along with two other local irrigation companies, have been empanelled by the Tamil Nadu Government for the supply of drip and sprinkler irrigation systems for 2005-06 and 2006-07. This empanelment would ... More

Carlyle invests $20 million in Claris Lifesciences
Private equity firm The Carlyle Group has invested $20 million (about Rs 88 crore) in Ahmedabad-based pharmaceutical company Claris Lifesciences Ltd to propel it into its next phase of growth. But there will be no dilution of equity by the ... More

OPEN OFFERS


Coromandel open offer to Ficom
Coromandel Fertilisers Ltd, which had entered into a share purchase agreement with the promoters of Ficom Organics Ltd recently to acquire controlling stake in the company, on Monday made an open offer to the Ficom shareholders ... More

CORPORATE DISPUTES


Coal India wins case on explosives supply
Coal India has won a legal battle in the Calcutta High Court over a case pertaining to a contract for supply of explosives. A Division Bench of the High Court comprising the Chief Justice, Mr V.S. Sirpurkar, and Mr Justice A.K. Mitra on Tuesday ... More

OVERSEAS BORROWINGS


RCoVL board nod for FCCB issue
The board of directors of Reliance Communication Ventures (RCoVL) has approved the issue of foreign currency convertible bonds (FCCB) for up to $500 million (over Rs 2,200 crore) or its equivalent. The overseas issue will be at a ... More

AWARDS & HONOURS


Award for Jaisu CMD
Mr Mohanlal G. Kewalramani, Chairman and Managing Director of Jaisu Shipping and Dredging Company, has received the "Sindhu Bhushan" award for his contribution in the field of dredging in the country. The Opposition Leader in Lok Sabha, Mr ... More

RESTRUCTURING


ONGC to revamp facilities in Assam
Invites expressions of interest from global firms More

MERGERS & ACQUISITIONS


Chipmaker SiRF buys TrueSpan
Hungry for more More

Ruchi Group gets BSE nod for mergers
Ruchi Soya Industries Ltd (RSIL) announced that the Bombay Stock Exchange Ltd has granted `no-objection' for merger of Ruchi Health Foods Ltd, Aneja Solvex Ltd, General Foods Ltd, Ruchi Credit Corporation Ltd and Ruchi Private ... More

Holcim not to revise open offer price for Gujarat Ambuja
Holcim's open offer price for Gujarat Ambuja Cements Ltd (GACL) will not be revised, said managers to the offer, keen to scotch rumours of a revision following GACL's rise on the bourses this month. Early this month, the GACL scrip crossed the ... More

Ranbaxy buys auto-injector patent from Senetek
More

E-City buys 51% stake in SVRESL
In a forward integration move, E-City Digital Cinemas, the digital technology solutions provider of E-City Ventures, has acquired 51 per cent in Shree Vijay Raj Entertainment & Software Limited (SVRESL). SVRESL, which posted ... More

NEW PROJECTS


Dharani Sugars on expansion mode
Targets Rs 260-300 crore turnover More

SSL-TTK to become hub for Scholl
SSL-TTK Ltd, the joint venture between the UK-based SSL International plc and TTK-LIG Ltd that manufactures the Scholl foot care brand, is all set to become the manufacturing hub for all of SSL International's markets in Europe ... More

ALLIANCES & JOINT VENTURES


Globalpharma ties up with French co for Cetirizine
Globalpharma has announced the finalisation and signing of an out-licensing and supply contract with Ethypharm, a leading French multinational drug delivery company, operating in India through its wholly owned subsidiary Ethypharm LL India, for ... More

DIVERSIFICATION


Varun Group aims at Rs 1,000-cr turnover
Plans to diversify into wind energy, mining More

OUTLOOK


Osim plans HDFC Bank tie-up for consumer loans
To sign a Bollywood star to endorse the brand More
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