The Hindu Business Line : Tuesday, May 21, 2002

Goodyear aims at sourcing rubber but spells out riders -- Nothing sorted out yet, say officials
THE US-based Goodyear Tire and Rubber Company is looking at sourcing natural rubber from the country but "nothing has been sorted out yet", according to official sources. "Goodyear has put forward two conditions— to improve quality ... More

Network Associates sees big boost in telecom business
Investments in communication infrastructure is going up very fast here. Besides, VoIP (Voice over Internet Protocol) has also been legalised. More

Sri Vishnu Cement board reconstituted
The company has inducted the following persons on the board representing Zuari Cement Ltd, the acquirer of the company's equity shares from India Cements group, as Additional Directors: Mr Yves Rene Nanot, Mr Rudolfo Danielli, Mr Michel Lefebvre, ... More

Tata Chem to pay 50%

PRIVATE PLACEMENT

Pvt placement for Rs 50 cr -- Srei-led team, 3 others get Gridco mandate for bonds
The size of the placement is Rs 50 crore, with an option to retain a further sum of Rs 50 crore, and the tenor is for 7 years, with redemption to the extent of 30 per cent in 5th year, 30 per cent in 6th year and 40 per cent in 7th year. There will b e a put/call option after 4 years. More

CORPORATE DISPUTES

Dr Reddy's Grastim: Expert panel has no answers yet
ALMOST eight months have passed since the spat between Nicholas Piramal India Ltd (NPIL) and Dr Reddy's Laboratories (DRL) first surfaced over DRL's biotech cancer drug,Grastim. The Drug Controller-General of India (DCGI) had set up a ... More

RESTRUCTURING

Hind Sanitaryware to demerge glass unit to separate co
THE board of directors of Hindustan Sanitaryware & Industries Ltd (HSIL) has approved a proposal to demerge the glass business into a new separate company. The sanitaryware business will continue to remain with HSIL. The board's approval for ... More

MERGERS & ACQUISITIONS

Swap ratio likely to favour OrbiTech
THE possible merger of the Citigroup's wholly-owned Indian technology firm OrbiTech Solutions Ltd and Polaris Software Laboratories is likely to augur well for the latter in the services sector, even as products segment will face stiff ... More

Polaris board to discuss OrbiTech merger
According to analysts, the Citi Group, (which holds about 8 per cent in Polaris) provides about 35 per cent of the business to Polaris. More

BONUS ANNOUNCEMENTS

HLL tags special dividend to bonus debenture -- Scheme modified to address income-tax problem
HINDUSTAN Lever Ltd (HLL) has altered the earlier announced bonus debenture scheme, including a special dividend of Rs 2.76 per share, to the existing proposal of a bonus debenture of Rs 6 per share. In the altered scheme, the entire tax on ... More

SICK UNITS

BIFR's last chance for Tyre Corpn unit -- Draft revival scheme from Allahabad Bank awaited
The Union Government has agreed to extend various reliefs for the purpose of rehabilitation of the Kankinara unit. More

OUTLOOK

Ind-Swift eyes overseas markets; files 2 patents
AS a stepping-stone into the regulated overseas markets, the Chandigarh-based Ind-Swift Ltd has filed two patents for its novel drug delivery system (NDDS) products in anti-histamines and anti-infectives segments. With an eye on launching its ... More

Pritish Nandy Comm plans to get back into TV with big bang
PRITISH Nandy Communications Ltd (PNCL), having switched to film production in a big way during 2001-2002, intends to get the spotlight back on its television content business in the current fiscal. "We are looking at reviving our interest in ... More

PERFORMANCE

`Flats' boost SAIL market share
INCREASED sale of flat products helped Steel Authority of India Ltd (SAIL), the country's largest steel producer, expand its market share by over 26 per cent in 2001-02. Company sources said that the adoption of a segment-wise approach helped ... More

Dabur Foods plans strategic alliances with FMCG cos
HAVING met its projections of breaking even in March 2002, Dabur Foods Ltd - the 100 per cent subsidiary of the Rs 1,166-crore Dabur India Ltd - is identifying fresh areas of growth and taking a re-look at its product portfolio. Last ... More

PEOPLE

Ramadorai on HLL board
MR S. Ramadorai, Chief Executive Officer of Tata Consultancy Services, has joined the board of Hindustan Lever Ltd as an independent non-executive director with effect from today. Mr. Ramadorai is also the Chairman of Tata Technologies Ltd and ... More

New KPMG chief

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Enfield banks on nature to sell Thunderbird

Hind Sanitaryware to demerge glass unit to separate co

LIC agent, a millionaire?

RBI bans physical deals with brokers

Uptrend in gold to continue on producer de-hedging

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
May. 12-May. 18
`Indo Gulf still thinks fertiliser makes good business'

Digital to gain from HP-Compaq merger

Tata's open offer for VSNL oversubscribed

Suzuki to take wheel at Maruti: Rights issue at Rs 3,280 a share

Qatar Petro seeks nod for airline jt venture with Gesco, UB Air

Citicorp Finance to take stake in 2 Shriram cos

Vanishing cos: `DCA to go for hot pursuit'