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Sunday, August 10, 2003

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Indal smelter unit yet to be re-opened — KSEB puts onus on Govt for granting permission
UNCERTAINTY hovers over re-opening of the smelter unit of Aditya Birla Group's Indian Aluminium Industries Ltd (Indal) near here as a decision on granting permission to the company by the State authorities to draw power from Power Trading ... More

Claris launches kidney transplant therapy drug
CLARIS Lifesciences Ltd, the Ahmedabad-based Rs 100-crore pharmaceutical formulations company, has announced the national launch of its new product in kidney transplant therapy under the brand `Limus'. The product, Sirolimus oral solution, ... More

Aurobindo clears share split
HYDERABAD: The board of directors of Aurobindo Pharma Ltd (APL), pharmaceutical major, at its meeting held here on Saturday approved subdivision of shares of Rs 10 each into two equity shares of Rs 5 each. In a communication to stock ... More

COURTS/LEGAL ISSUES


Addl Solicitor General appointed
NEW DELHI: Mr L. Nageswara Rao has been appointed Additional Solicitor General in the Supreme Court of India, according to an official communiqué. Mr Rao is a senior advocate in the Supreme Court. He was designated as a senior advocate ... More

RESTRUCTURING


Haldia Petro to restructure debt
THE board of Haldia Petrochemicals Ltd (HPL) has cleared the proposal to follow the corporate debt restructuring mechanism for restructuring the company's debt. The board's approval was obtained on Friday at the meeting held in New Delhi where ... More

Chambal Fert to hive off software business unit
CHAMBAL Fertilisers and Chemicals Ltd (CFCL), the K.K. Birla-promoted Zuari-Chambal group major, is contemplating to hive off of its software business division - India Software Group (ISG) - into a separate corporate entity. The company ... More

FIXED DEPOSITS


Axles India: Gear in for a year
THE fixed deposit programme of Axles India, a TVS Group company, is open for investment. The company is in profits after two consecutive years of net losses. An investment up to one year can be considered in FD ... More

MERGERS & ACQUISITIONS


Samsonite India eyeing unit in Sri Lanka
SAMSONITE India Private Ltd is in discussion with a Korean company to buy the latter's Sri Lankan manufacturing unit. At a media conference to launch a free insurance scheme on its luggage products, Mr E.P. Suresh Menon, Executive ... More

ALLIANCES & JOINT VENTURES


Pritish, 20th Century in pact
MUMBAI: Pritish Nandy Communications Ltd (PNC) has once again tied up with 20th Century Fox to release its film, Mumbai Matinee. The film will hit screens worldwide on September 5. Mumbai Matinee, which has a cast of Rahul ... More

INTERVIEW


`We have to be an integrated oil company'
OIL and Natural Gas Corporation (ONGC) is all abuzz these days. From a staid PSU that was content pumping out the oil that it already had, ONGC has turned aggressive in pursuit of fresh finds, both in India and abroad. Piloting this effort is ... More

DIVERSIFICATION


Kalyani Sharp to enter fridge, AC segment
The company is also looking at expanding the business in the LCD television range. More

PEOPLE


Is the `Manager' Nikhil Sen virtually MD of Britannia?
BRITANNIA Industries Ltd's decision to engage its Chief Operating Officer, Mr Nikhil Sen, as the Manager of the company has not come as a surprise to many people. Corporate watchers indicate that the move has effectively rendered Mr Sen as the ... More

TRENDS


CBO: A new name for company secretary?
DO not be surprised if while asking for the company secretary you are connected to the `Chief Business Officer' of a body corporate instead. Armed with a brand new strategy for image makeover for the company secretaries, the Institute of ... More
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