Corporate
Bountiful rains augur well for agro-chem industry
LEADING companies in the domestic crop protection industry are upbeat on business prospects this year.
SHCIL to raise Rs 2,000 cr through relief bonds
STOCK Holding Corporation of India Ltd (SHCIL) hopes to raise Rs 2,000 crore through relief bonds this year. Despite not being a bank, SHCIL, which has been vested with powers by the RBI, has raised Rs 700 crore through this security last year.
Petrochemicals
IOC proposes to invest Rs 979 cr in Haldia Petro
INDIAN Oil Corporation (IOC) has proposed to invest Rs 979 crore in Haldia Petrochemicals (HPC), accounting for 48.71 per cent of the company's capital, provided the public sector giant is given management control.
Petroleum
OCC dues force oil PSUs to raise money at higher interest
PUBLIC Sector Oil Companies, awaiting dues from the Oil Coordination Committee (OCC), are being forced to raise money from the market at high interest rates to meet their working capital requirements.
Pharmaceuticals
India best suited for bioinformatics: Brian Tempest
RANBAXY Laboratories Ltd (RLL), among the world's top 100 global companies, has soldiered on since 1961 to make its mark in the highly fragmented domestic pharmaceutical industry. With its global operations spanning 40 countries and a physical presence i
n 24 countries, the pharma-major seeks to register a global sales of $1 billion by the end of 2004. This would mean doubling the sales performance of the Ranbaxy group of companies, including its global subsidiaries from $507 million that was registered
in the business year 2000.
Policy
Curbs likely on ECB automatic approvals
SINCE early July, when the US-64 debacle hit the investors and the Government hard, the Finance Ministry has been on a fire-fighting mode.
Steel
Jindal Vijaynagar in novel revamp mode -- Lenders approve Accenture's package
IN what can be termed as the unique restructuring exercise in the Indian corporate history envisaging sharing of gains and pains equitably by the shareholders and lenders, Jindal Vijayanagar Steel Ltd (JVSL) has embarked upon an extensive restructuring p
rogramme following the recommendations of Accenture, formerly known as Andersen Consulting.
