Financial Daily from THE HINDU group of publications
Wednesday, May 07, 2003
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Financial Daily from THE HINDU group of publications Wednesday, May 07, 2003 |
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CORPORATE ANNOUNCEMENTS Ranbaxy gets tentative FDA nod for drug RANBAXY Laboratories Ltd has received tentative approval from the US Food and Drug Administration for its generic version of Pfizer's Diflucan, an anti-fungal drug that has been grossing $1 billion per year. According to industry analysts, the ... More
Essar to invest Rs 350 cr in online lottery venture CORPORATE DISPUTES PowerGrid moves CERC to recover fine from MPSEB POWER Grid Corporation of India Ltd has filed a petition with the Central Electricity Regulatory Authority against Madhya Pradesh State Electricity Board for recovering an overdrawal fine of Rs 100 crore. PGCIL filed the petition after the SEB ... More NEW PROJECTS TNPL plans Rs 750-cr capacity expansion The detailed survey will decide the focus of TNPL's expansion programme for which a substantial part of the investment will be generated from internal accruals. At present, TNPL has the flexibility to shift between newsprint and a wide range of print ing and writing papers. More REGULATORY BODIES & RULINGS Foreigners' voting rights on pref shares — Norms soon to check sectoral cap misuse Section 87 of the Companies Act has been a source of misuse by certain telecom companies to skirt the sectoral cap guidelines on FDI in the telecom sector. More ALLIANCES & JOINT VENTURES 
Escorts arm in tie-up for basmati exports — Contract farming initiative takes off with three firms signing dealTHE Rs 1,500-crore Escorts Agri Machinery Group, a strategic business unit of Escorts Ltd, has entered into an agreement with three basmati rice exporters for export of the nearly 60,000 tonnes of basmati rice to be produced at the 60,000 acres ... More INTERVIEW 
`Recast is to insulate shareholder value from economic slowdown' — Mr V. Srinivas, Chief Financial Officer.THE financial year 2002-2003 was significant for Satyam Computer Services Ltd, the country's fourth largest IT services company. The company crossed the Rs 2,000-crore mark for the first time in terms of total revenue and had a bad fourth quarter ... More SICK UNITS Carona must wind up: BIFR THE Board for Industrial and Financial Reconstruction (BIFR), while noting that the promoters of ailing Carona Ltd are not serious in rehabilitating the company nor are they resourceful enough to mobilise the funds required for this purpose, has ... More OUTLOOK Maybach, the Rs 3-cr car — Daimler yet to decide on import IT may be sometime before one of the world's costliest cars, Maybach saloons, hits the Indian roads as its manufacturer DaimlerChrysler is yet to work out the logistics of importing these cars into the country. Launched worldwide in 2002, ... More Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus SARS scare Truckers' Strike Telecom Competition Oil PSUs: Disinvestment dilemma NPAs in Banking In Depth Simple Economics Consumer Notes Tax Talk The Brahmananda collection NRIs & Investment Avenues Corporate Governance Gold: Still the winner? Cars: Always a beauty Books and Reviews Looking back Apr. 27-May. 3 TVS Motor to spend Rs 1,000 cr on new products A difficult year for Hindalco; net profit down at Rs 582 cr SAIL e-deals chip in over Rs 100-cr business |
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