Corporate
BASF forms new company for polystyrene
BASF today announced the launch of a new company -- BASF Styrenics Pvt Ltd.
Change mooted in jute goods cess -- To mobilise extra funds
THE Union Textiles Ministry has initiated an exercise for repeal of the Jute Manufactures Cess Act, 1983 and bring in a fresh enactment to garner additional funds, which are used to finance the external market assistance (EMA) scheme as also promotional
activity of Jute Manufactures Development Council (JMDC).
Gaz de France to pick 10% in Petronet
FRENCH gas major - Gaz de France (GdF) - will pick up 10 per cent equity in Petronet LNG with which it had a strategic partnership earlier.
Shree Rama Multi-Tech plans jt ventures abroad
SHREE Rama Multi-Tech Ltd, the Ahmedabad-based manufacturer of plastic laminated tubes, plans to expand operations through joint ventures in China, Africa and the US.
Reckitt EGM on Dec 11 to take up name change
RECKITT & Colman of India Ltd (RCI) has proposed to rechristen itself as Reckitt Benckiser (India) Ltd following the structural changes that took place overseas in December 1999.
Titagarh Paper out of BIFR purview
TITAGARH Paper Mills Ltd (TPML), which was merged with Titagarh Steels Ltd (TSL) and is now known as Titagarh Industries Ltd (TIL), is no longer a sick company and can be considered for deregistration from the purview of the Board for Industrial and Fina
ncial Reconstruction (BIFR) on fulfilling certain obligations. This was stated by a two-member Bench of BIFR through a recent order.
DSQ Biotech to demerger mfg co
THE board of directors of DSQ Biotech Ltd at its meeting here today decided to demerge its manufacturing and biotech operations into two companies.
Tetenal to focus on mini lab sector
TETENAL India Ltd, a 51:49 joint venture between Germany's Tetenal Vertriebs GmbH & Co and Dugar group of companies, would focus on the growing mini-labs sector of the professional photography market.
Datamatics pref shares, FD downgraded
MUMBAI: Crisil has downgraded the rating assigned to the Rs 10.7-crore preference share issue of Datamatics Ltd from pfA+ to pfBBB .
ITI bags BSNL switches order
ITI, the public sector telecom equipment major, has bagged an order valued at Rs 175 crore for supplying the 500 kilo lines C-DOT MAX-XL switches to Bharat Sanchar Nigam Ltd (BSNL). ITI emerged as the lowest bid in the recently concluded tender of BSNL a
midst stiff competition from makers of digital exchanges.
Mutual Funds
7 SBI MF schemes declared approved securities
MUMBAI: The units under seven open-end schemes, equity, balanced and liquid, of the SBI Mutual Fund have been declared as approved securities by the State Government of Maharashtra under section 2(xii)(d) of the Bombay Public Trust Act, 1950.
Pharmaceuticals
SC declines to interfere in Cadilas' drug battle
THE Supreme Court has given an order that there was no reason for it to interfere at this stage in the ongoing brawl between erstwhile partners - Cadila Healthcare Ltd (CHL) and Cadila Pharmaceuticals Ltd (CPL).
Stocks
Balaji Tele makes a strong debut
SHARES of Balaji Telefilms Ltd made their debut on the Bombay Stock Exchange (BSE) as well as the National Stock Exchange today.
Transition to delivery versus payment -- SEBI panel draws up wish-list
THE SEBI-constituted DVP panel has put together a `wish list' which would be taken up with the Reserve Bank of India (RBI) for a smoother transition to a Delivery Versus Payment regime.
