CORPORATE
ANNOUNCEMENTS
Bayer-Roche deal `unlikely' to hit Saridon, Supradyn
WILL popular pain-relief and headache pill Saridon and multi-vitamin product Supradyn, currently promoted by Nicholas Piramal India Ltd (NPIL), take the rap of Bayer's global acquisition of Roche's over-the counter (OTC) business? Dr G.L. ...
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Balrampur Chini promoters seek loan from sugar fund
THE promoters of Balrampur Chini Mills Ltd, the Saraogis, are seeking a Rs 14.31-crore loan from the Sugar Development Fund to meet their commitments for the co-generation power plant at Balrampur in Uttar Pradesh. According to the notice ...
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BHEL bags order for HPCL captive unit
BHARAT Heavy Electricals Ltd (BHEL) has bagged an order for setting up a 40 MW co-generation captive power plant on a turnkey basis, according to an official release. Hindustan Petroleum Corporation Ltd (HPCL) has placed the order worth Rs 218 ...
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CORPORATE DISPUTES
Lodha files for probate; Birlas to contest
MR Rajendra S. Lodha - the sole beneficiary of the Rs 5,580-crore assets of the late Priyamvada Birla, widow of M.P. Birla, as per her last will and testament - on Monday filed an application for obtaining a probate of the controversial ...
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OVERSEAS BORROWINGS
Alok issues FCCBs worth $28.875 m
ALOK Industries Ltd, a new generation player in the home textiles, apparel fabrics and garments sector, has wrapped up its issue of foreign currency convertible bonds (FCCBs) worth $28.875 million (about Rs 133 crore). The bonds are unsecured and ...
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COMPANY LAW
Govt mulls making statutory changes in Competition Act
THE Union Government on Monday informed the Supreme Court that it was considering making statutory changes in the controversial Competition Commission Act, which originally contemplated a bureaucrat instead of a retired judge to head the ...
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FIXED DEPOSITS
147 prosecutions for Cos Act violation on fixed deposits
THE Government is aware that some public limited companies do not adhere to the statutorily prescribed norms and regulations relating to acceptance and repayment of fixed deposits from the public, the Minister of State (Independent Charge) for ...
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NEW PROJECTS
Zee to set up global operations HQ at Dubai Media City
ZEE Network announced on Monday that it will establish its headquarters for international operations at Dubai Media City. Zee will invest Dh 30 million in the initial phase of the new facility, the Dubai Media City said in a statement. ...
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ALLIANCES & JOINT VENTURES
Underwriters Labs plans tie-ups to expand reach
UNDERWRITERS Laboratories (UL), an independent product safety testing and certification organisation, plans to network its services with leading Indian laboratories such as the National Chemical Laboratories and Indian Power Research Institute to ...
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SICK UNITS
Metal Box rehab impasse continues
SEVERAL attempts of the West Bengal Government in the past few months to hold meetings with the management of Metal Box India Ltd to know the status of the implementation of the rehabilitation scheme, particularly with respect to the company's ...
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OUTLOOK
Kirloskar Oil Engines aims for higher exports
HIGHER spending on capital expenditure and increase in exports is what the Pune-based Kirloskar Oil Engines Ltd (KOEL) is planning for in the current fiscal. Speaking to newspersons after the annual general meeting of the company, Mr Atul C. ...
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Nadukkara Agro bets on Jive sales for turnaround
The company hopes to sell 5.6 million fruit juice packets this fiscal compared to one million units last year.
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PERFORMANCE
New City, Accord help Honda Siel turn around
CARMAKER Honda Siel has wiped out its accumulated losses worth Rs 70 crore even as it has ruled out any plans to launch a small car or the premium Civic passenger car in India. Powered by excellent sales of New City and Accord, the company ...
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Oracle's ERP tool helps boost LMW revenue
LAKSHMI Machine Works Ltd (LMW) has increased its revenue by 20 per cent following the implementation of Oracle's enterprise resource planning product, the E-Business Suite. Mr Sanjay Jayavarthanavelu, whole-time Director of LMW, said the ...
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Tecumseh posts 84 pc rise in export earnings
TECUMSEH India Private Ltd has registered an 84 per cent jump in export earnings with a turnover of Rs 110 crore from sales of compressors and pump kits for air-conditioning applications during the period January-June, 2004. Exports for the ...
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PEOPLE
Rajiv Batra is CFO of Cummins India
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