The Hindu Business Line : Saturday, December 13, 2003

Non-payment of additional deposit — Regulator stops BSES from cutting supply
THE State electricity regulator on Thursday stopped BSES Ltd from cutting supply to about 20 lakh users if they did not pay an "additional security deposit" demanded by the company. BSES Ltd, now part of the Reliance Group, last week told its ... More

UB scouts for buys in wine, RTD segments
UNITED Breweries is planning to scale up its presence in the wine and ready-to-drink (RTD) alcoholic beverages market in a big way. According to Mr Vijay Rekhi, President of UB Spirits Division, the company is looking to make a local ... More

BHEL bags order from Ambuja Cement
NEW DELHI: Bharat Heavy Electricals Ltd (BHEL) has bagged an equipment order from Ambuja Cement Eastern Ltd (ACEL) for a captive power plant at its cement factory in Chhattisgarh. Aimed at augmenting its captive power generation ... More

Ester shareholders' meet on Jan 5

Shasun plant passes European inspection

OPEN OFFERS

3 groups make open offer for 20 pc in Sterling Holiday
AN open offer for 20 per cent of the Rs 18.22-crore equity of Sterling Holiday Resorts has been made by three entities — Mr Steve Borgia, President, Sterling Holiday, Auromatrix Hotels, a licensee of Days Inn Worldwide in India, and Star ... More

CORPORATE DISPUTES

Patent violation: Mauser plans legal action
THE Germany-based Mauser Gmbh, a leading global player manufacturing rigid plastic packaging products, plans to take legal action for patent violation, against some Indian companies engaged in the manufacture of plastic containers. The company ... More

ENVIRONMENT

Green marble, soap stone quarrying stopped
THE production of internationally famous green marble and stones have come to a halt due to closure of mines located in Kherwada Tehsil (Udaipur) of Rajasthan, according to Rajasthan Khanij Udyog Mahasangh. The 226 green marble and 49 soap ... More

MANPOWER

Colour Chem offers VRS
COLOUR Chem Ltd has informed the BSE that the company is offering the voluntary retirement scheme to its employees at its Thane factory and the Head Office at Churchgate, Mumbai. The scheme is intended to reduce overhead costs. "The company ... More

MERGERS & ACQUISITIONS

Bharti Tele to acquire 27 pc stake in Hexacom
TELECOM behemoth Bharti TeleVentures Ltd, which is seeking to expand its cellular footprint across the country, has reached an agreement with Telesystem (Mauritius) Pvt Ltd, a subsidiary of Telesystem International Wireless Inc (TIW), Canada, to ... More

AP Paper Mills stake sold to L.N. Bangur
THE Andhra Pradesh Government has sold its 25.36 per cent stake in AP Paper Mills Ltd (APPML) for Rs 39.29 crore at Rs 130.95 per share to Digvijay Investments Ltd (DIL), which already holds 46.73 stake in the company. An agreement was signed ... More

ALLIANCES & JOINT VENTURES

Micro Labs, Eurodrug mull E. Asian jt venture
Micro Labs is licensed to manufacture and market two of Eurodrug molecules namely Spasmopriv and Metadoxil. More

IPOS

Ma Foi proposes public offering
THE board of directors of Ma Foi Management Consultants Ltd has decided to float an IPO in four months and the pricing of the share offer would depend on the market conditions at the time of the float. Since the company wants to list its shares ... More

DIVERSIFICATION

Mr Butlers into processed food
KOCHI: Mr Butlers Group, the manufacturers of soda maker, is diversifying into manufacturing and marketing of FMCG products by entering the processed food sector, offering wide range of jams, squashes and sauces under the brand name Mr ... More

STANDARDS & BENCHMARKS

US nod for Gland Pharma injectables unit
GLAND Pharma Ltd (GPL), the city-based injectables manufacturing company with the German collaboration, has received the approval of the US Food and Drug Administration (USFDA) for its injectables facility here. At a press conference here on ... More

Samsung takes `Six Sigma' beyond manufacturing
SAMSUNG India is taking the implementation of Six Sigma in the company, a step further to cover even non-manufacturing activities. According to a company official, Six Sigma projects implemented in recent months include divisions such as sales ... More

Scoreboard
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line