The Hindu Business Line : Saturday, July 09, 2005

USFDA inspects Lupin's Goa plant
DOMESTIC drug company Lupin Ltd's plans to enter the regulated markets got a shot in the arm with the company's plant in Verna, Goa, being inspected by the United States Food and Drug Administration (USFDA). The plant is for the production of ... More

PREFERENTIAL ALLOTMENTS

SQL Star to issue shares, warrants on preferential basis
SQL Star International Ltd has decided to issue 2.5 million equity shares of Rs 10 each and 10 million warrants convertible into equity shares on preferential basis. The company will also shift its registered office from New Delhi to ... More

OVERSEAS BORROWINGS

2 Indian cos raise $125 m in overseas markets
GLOBAL investors remained bullish on investing in India with two Indian companies raising funds in overseas markets on Thursday and Friday. The two issues aggregated $125 million as foreign investors seemed to have bought the Indian ... More

AROUND THE BOURSES
Apollo Hospitals GDR issue
CHENNAI: Apollo Hospitals Enterprise Ltd on Friday said that it has priced each Global Depository Receipt (GDR) at $7.8 (Rs 340) against a closing price of Rs 347.95 a share on the BSE on July 7. The company raised $65.1 million (Rs 280 ... More

COMPANY LAW

Govt to expedite formation of co law tribunal
THE Ministry of Company Affairs is looking at expediting the formation of the National Company Law Tribunal (NCLT), a body that would replace the Board for Industrial and Financial Reconstruction (BIFR). The matter is pending before the ... More

Independent directors: Survey finds most CEOs, MDs favour 25 pc limit
EIGHTY FIVE per cent of country's chief executive officers and managing directors have said that the strength of independent directors (IDs) in listed companies should not be more than one-fourth of the board's strength, according to the ... More

RESTRUCTURING

No Reliance de-merger proposal received yet, says Ministry
EVEN while the market is abuzz with the proposed de-merger plan as part of separation of Reliance group companies, the Ministry of Company Affairs (MCA) has stated that it has so far not received any notice or de-merger proposal from any of the ... More

HED division transferred
HYDERABAD: Hyderabad Industries Ltd has informed the Bombay Stock Exchange that pursuant to the business transfer agreement signed between the company and Titagarh Wagons Ltd, it has transferred the Heavy Engineering Division (HED) of the ... More

MERGERS & ACQUISITIONS

Matrix completes share purchase of DocPharma
MATRIX Laboratories Ltd has announced the completion of a share purchase of a controlling stake in the Belgium-based Docpharma NV from the Van Rompay family and other key shareholders. The company announced the transaction on June 19. In a ... More

French company keen on acquiring stake in TELK
The Government proposes to acquire 100 acres of land for the Kazhakkutam-Kovalam IT corridor in addition to the 86 acres that has already been acquired. More

NEW PROJECTS

Asia MotorWorks plans to launch LCVs, MCVs
THE country's rapidly growing commercial vehicle business is going to witness fresh action with Asia MotorWorks, a company promoted by a Kolkata-based family with interests in financial services and tea, firming up plans to launch large and ... More

ONGC keen on coal bed methane projects — Shortlists 8 companies for final bidding
Among the global majors shortlisted for final bidding were Weatherford International of France, Schlumberger Asia, Mitchell Drilling Contractors of Australia and Gardes Energy Services Inc of Canada. More

HPCL gearing up for financial closure of Guru Gobind refinery
HPCL sources said the company was continuing its negotiation for roping in strategic partners in its upcoming projects such as Vizag Refinery expansion and GGSR. More

Vivimed buys site for expansion
HYDERABAD: Vivimed Labs Ltd, the PCI (personal care ingredient) manufacturer, has zeroed in on a site at Choutuppal in Nalgonda district for its expansion project. The company, which is going in for a public issue today (July 9) to raise ... More

TRADE & LABOUR UNIONS

Labour trouble plagues auto cos in Gurgaon
SEVERAL automakers with facilities in the Gurgaon region are feeling the heat as labour trouble at their plants continues, even as alternative arrangements to restore productivity are being implemented. An official from Japanese bikemaker Honda ... More

ALLIANCES & JOINT VENTURES

Bharat Coking to float jt venture to develop virgin coal block
IN order to ensure speedy turnaround of Bharat Coking Coal Ltd (BCCL), the Dhanbad-based ailing subsidiary of Coal India Ltd (CIL), the Union Ministry of Coal has allowed it to develop a virgin coal block through the joint venture route. The ... More

Sarvesh Refractory ties up with US co UCAR
ROURKELA-based Sarvesh Refractory Pvt Ltd has joined hands with the US-based UCAR Carbon Company for providing carbon-based refractory solutions to all manufacturers using blast furnace, including steel plants. According to Mr Peter Sylven, ... More

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