The Hindu Business Line : Thursday, May 22, 2003

Indo National to spend Rs 15 cr on upgradation
INDO National Ltd, which manufactures the Nippo brand of dry cell batteries, plans to invest about Rs 15.50 crore this year. The investment will be mainly on installing some balancing equipment and modernising the factories at Tada and Nellore, ... More

ANNOUNCEMENTS

Ford Focus may hit Indian roads next year
AUTOMAKER Ford is planning to launch its largest selling car in the world, Focus, in India early next year and is expected to position it between its two existing models, Ikon and the Mondeo. Sources in the company said Focus might be fully ... More

Cushman & Wakefield to offer financial advice
CUSHMAN & Wakefield, the real estate consulting firm, on Tuesday announced that it would offer its clients financial advice on managing their existing property or get the best out of their surplus cash by investing in commercial space. The ... More

For contract manufacturing of spinels — White Circle Oxides in talks with Alcoa, other global majors
WHITE Circle Oxides Ltd (WCOL), the Hyderabad-based company engaged in the manufacture of a range of magnesium aluminate spinels (MAS), is currently in negotiations with global majors, including Alcoa, the world's largest aluminium manufacturer, ... More

Xerox DocuColor iGen 3 machine to be acquired
KGN Xerox, a premier digital document centre in the city, is planning to acquire a Xerox DocuColor iGen3 machine, claimed to be the best hi-end machine ever offered by the documentation company, by 2005. The machine is priced at Rs 5 crore, Mr ... More

Tata Engg board meet on May 27

COMPANY LAW

ICSI to release guidance note on dividends today
DIVIDEND is one of the financial parameters on which investors measure a company's performance. Recognising the relevance of declaration and timely payment of dividend by the corporate sector, the Institute of Company Secretaries of India ... More

IPR

Morepen files patents for cholesterol drug
MOREPEN Laboratories Ltd has filed an international process and product patent for the drug, Fluvastatin Sodium. Fluvastatin, according to the company's statement, is a cholesterol-lowering drug from the `statin' family and has an estimated ... More

RESTRUCTURING

Tatas, TD Waterhouse venture untouched by parent's revamp
OPERATIONS of Tata TD Waterhouse Securities Pvt Ltd (TTDWSL), a 50:50 joint venture between, the Tatas and TD Waterhouse Inc of the US, is untouched by TD Waterhouse International's restructuring plan and review of operations of some of its ... More

MERGERS & ACQUISITIONS

SABMiller strikes deal with Shaw Wallace — Acquires 50 pc stake, management control in brewing biz
AFTER 18 months of talks, SABMiller on Wednesday struck a deal to acquire 50 per cent stake and management control of the brewing business of Shaw Wallace & Co Ltd. The acquisition, which was signed in Dubai, is valued at $132.8 ... More

ALLIANCES & JOINT VENTURES

Durgapur Projects looking for partner for coke oven battery
DURGAPUR Projects Ltd (DPL), a multi-utility unit under the West Bengal Government, is now seeking a partner for operating one of its services. Sources told Business Line that a joint venture partnership was being sought for operating ... More

OUTLOOK

Onida sees big potential in home theatres, DVDs
INDIA is a huge cinema market - and that is clear not only in the increasing Indian presence in Cannes but also in the booming sales of DVDs and home theatres in the last couple of years. And Mirc Electronics, which makes the Onida brand of ... More

PEOPLE

Ajay Kapila joins J.K. Ind

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