Financial Daily from THE HINDU group of publications
Thursday, February 28, 2002
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TN Salt Corporation to expand its reach, increase production
TAMILNADU Salt Corporation Ltd is set to register its highest turnover and gross profit this year in its 30 years of existence. The company, which manufactures industrial and edible salt in crystal form, is also planning to expand its market ... More

Changes in Pritish Nandy management
PRITISH Nandy Communications Ltd has announced changes in its management structure. The board of the company has accepted the resignation of Mr Yash Johar from the directorship of the company and has appointed Mr Satyajit Mitra, Attorney at law ... More

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    COURTS/LEGAL ISSUES


    HC rejects plea against ITC amalgamation
    A DIVISION Bench of the Calcutta High Court dismissed the application of Mr Tamal Majumder, a shareholder of ITC Ltd, opposing the amalgamation of the company with ITC Bhadrachalam Paper Boards Ltd. Mr Majumder filed a suit in the High Court ... More

    CORPORATE BONDS


    AP Transco appoints bond issue managers
    TRANSMISSION Corporation of Andhra Pradesh Ltd (APTransco) has appointed UTI Bank, Kolkata, and Smifs Capital Market Ltd as arrangers for its proposed bond issue which is to hit the market on March 1 for mobilising Rs 297.39 crore. The proposed ... More

    RESTRUCTURING


    Restructuring exercise -- Jones Lang LaSalle to advise Advani Hotels
    ADVANI Hotels and Resorts India Ltd (AHRIL), formerly known as Ramada Hotels India Ltd, has retained hotel investment services group Jones Lang LaSalle Hotels as an advisor in its restructuring exercise. The company, listed on the Bombay ... More

    MERGERS & ACQUISITIONS


    All of Modern Foods on HLL plate -- Transfer of 26 pc stake at Rs 11,489.56 per share
    THE Union Government has decided to sell its residual stake of 26 per cent in Modern Food Industries Ltd (MFIL) to the strategic partner, Hindustan Lever Ltd (HLL), at Rs 11,489.56 per share, in the first case of a full-fledged privatisation of a ... More

    Ranbaxy divests stake in Specialty to promoters
    Ranbaxy's decision to exit the `reference laboratory' business was because it was not its core business and it involved "avoidable deployment of valuable managerial and financial resources away from its core business of pharmaceuticals.'' More

    NEW PROJECTS


    HCL Insys shareholders clear capital expansion
    The authorised capital has been increased in order to facilitate funding such opportunities, HCL Insys said in a statement. More

    REGULATORY BODIES & RULINGS


    RoC notice to 2.5 lakh cos
    REGISTRARS of companies (RoCs) have issued notices to more than 2.54 lakh companies for their failure to send audited annual reports to shareholders. Companies are required to hold annual general meetings regularly and send audited reports to ... More

    ALLIANCES & JOINT VENTURES


    Iffco-Tokio ties up with KSFC
    BANGALORE: General insurer Iffco-Tokio General Insurance has tied up with State-owned term lender Karnataka State Finance Corporation (KSFC) to distribute insurance products to industrial enterprises in the State. All KSFC clients would ... More

    EVENTS


    Biotech meet in Bangalore on March 7
    A ONE-DAY biotechnology meeting to highlight the growth potential of the sector will be held here on March 7. The meet will map the unique competitive advantage of the biotechnology industry which has the prospects of strong strategic ... More
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    In Depth
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    Feb. 17-Feb. 23
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    HP in pact to help AP bridge digital divide


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