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Wednesday, April 20, 2005

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Rajesh Exports to enter retail jewellery market
RAJESH Exports is gearing to enter the retail business to market its jewellery as part of its long-term strategy to increase profits. The company is engaged in wholesale business with exports constituting 85 per cent of its total turnover, ... More

Glenmark Pharma division for GPs
GLENMARK Pharmaceuticals Ltd (GPL) has launched a new division - Milieus, to cater to the needs of general practitioners (GPs). It will also help in addressing issues thrown up by the new patent regime, especially with regard to the need to ... More

GM issues fresh deadline to Govt on Daewoo asset sale
GENERAL Motors (GM) has issued a fresh deadline to the Government on resolving the issue concerning the Daewoo plant even as it plans to launch a new car in the B-plus category sometime this year. The company is also learnt to be considering a ... More

UB Engg bags Rs 60-cr contracts
MUMBAI: UB Engineering Ltd has announced that it had bagged contracts worth Rs 60.35 crore in the power and steel sectors. Bharat Heavy Electricals Ltd has given it an order worth Rs 10.34 crore for the erection of two units of 250 MW ... More

Matrix unit gets USFDA nod
HYDERABAD: Matrix Laboratories Ltd has received the US FDA approval for its active pharmaceutical ingredients (APIs) manufacturing facility at Kazipally (Unit-II), near here. Commissioned in 2004, the facility currently manufactures ... More

OVERSEAS BORROWINGS


Strides completes FCCB issue
BANGALORE: Strides Arcolab Ltd today announced that it had completed the issue and allotment of $40-million foreign currency convertible bonds. The FCCBs, which will be due in 2010, carry 0.5 per cent coupon and can be redeemed at a ... More

AWARDS & HONOURS


ONGC bags Asiamoney award
NEW DELHI: Oil and Natural Gas Corporation Ltd (ONGC) has bagged a trophy from Asiamoney for `best deals of the year 2004'. This is thanks to its secondary share placement of Rs 10,694 crore, a company release said. Asiamoney is a ... More

MERGERS & ACQUISITIONS


Haldia Petro share transfer to IOC yet to be effected
THE stalemate over IOC's participation in Haldia Petrochemicals Ltd (HPL) continues without any signs of a resolution. Even after putting in Rs 150 crore in equity participation, in response to an offer from the West Bengal Government, IOC is ... More

SOCIETY & DEVELOPMENT


ONGC mite for AP rural growth
ONGC is spending about Rs 60 lakh for socio-economic development initiatives in the Amalapuram-Rajahmundry area every year. Further, out of Rs 1 crore spent annually by the Ravva Project operated by Cairn Energy, ONGC has a share of Rs 40 lakh ... More

SICK UNITS


Row over OTS holds up Trayons revival
THE delay in reaching a one-time settlement (OTS) with financial institutions and banks by the prospective promoters even after six months of signing an agreement with the Government is prolonging the re-opening of the Travancore Rayons Ltd at ... More

OUTLOOK


HM targets 1,500 Ambassadors run on CNG, LPG
HINDUSTAN Motors expects to sell this year at least 1,500 Ambassador cars that run either on compressed natural gas or liquefied petroleum gas — five times higher than the cars sold last year, the company's Executive Vice-President, Mr ... More

Nutech Solar eyes export market
NUTECH Solar Systems has set its eyes on the export market. It has launched a new solar water heater with vacuum tubes technology, which, according to the Managing Director, Mr Surendra Kumar, is more efficient and cost-effective. He said the ... More

Daikin looks to post profits this fiscal
JAPANESE air-conditioner maker Daikin Industries Ltd today said that it would be posting a net profit this fiscal. "We had a net loss of Rs 1 crore in the just-ended financial year on a turnover of Rs 130 crore. This fiscal we hope to make net ... More

PEOPLE


New JVSL chairperson's appointment surprises steel industry
THE question on who will succeed late steel baron O.P. Jindal as chairman of the Rs 13,000-crore group is becoming trickier with his wife Ms Savitri Devi Jindal replacing the eldest son, Mr Prithvi Raj Jindal, as the Chairman of Jindal Vijaynagar ... More
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Top Stories
CII lists anomalies in Customs duty structure


Oil marketing PSUs lose Rs 1,300 cr in two weeks

Pre-blossom showers cheer up coffee growers — White stem borer still a cause for worry

Global consumption of finished steel products to cross 1 b tonnes

TCS revenue disappoints

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Apr. 10-Apr. 16
Ahill to widen garment range, enter Lanka

Coal India sets production target of 343 mt for '05-06

`CIAL is now a cash-rich company'

Simbhaoli plans new model to double capacity

Srei inks deal with Tatas for 10,000 vehicles

Tata Steel plans capacity expansion at units in China

Apollo Tyres hikes prices by 3-4 pc

Sundram Fasteners' China unit takes off — Zhejiang plant starts third shift

Bharat Forge approves $100-m GDR issue


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