The Hindu Business Line : Thursday, June 02, 2005

Alstom ready to supply large generation plants
FRENCH power equipment supplier Alstom has indicated its willingness to supply large power plants to domestic utilities both in the public and private sectors. Speaking to reporters, Mr Phillipe Joubert, President (Power), Alstom, has said: ... More

Nalco cuts price by Rs 2,500
FOR the second successive month, National Aluminium Company Ltd (Nalco), a major aluminium producer, has cut its prices by Rs 2,500 a tonne to Rs 90,750 for the current month following weak international trend. Hindalco, another major ... More

BUYBACK

Exit route for shareholders — Irani panel moots one-time buyback by delisted cos
A ONE-TIME buyback offer for shareholders of a delisted company has been mooted to provide an exit route for shareholders who had not taken part in the delisting exercise. The Dr J.J. Irani Committee on company law has suggested that any ... More

AWARDS & HONOURS

Award for Shree Cement
KOLKATA: Shree Cement Ltd has received the TERI corporate award for environment excellence & corporate social responsibility award for 2003-04. It received this award jointly with Tata International ... More

COURTS/LEGAL ISSUES

Bechtel attaches Maharashtra Govt shares in Dabhol
EFFORTS to re-start the $2.9-billion Dabhol power plant in Maharashtra suffered a setback on Wednesday with Bechtel Corporation announcing that it has attached all shares held by the Maharashtra Government in the project, after winning a court ... More

Plea against name change of Bajaj Tempo quashed
PUNE: Bajaj Auto Ltd, which had filed a SLP against the name change of Bajaj Tempo to Force Motors has suffered a setback as the Supreme Court on Wednesday quashed the SLP. This petition was filed to challenge the order dated May 3, ... More

Kerala HC orders panchayat to renew Coke's licence
A DIVISION Bench of the Kerala High Court on Wednesday directed the President of the Perumatty Gram Panchayat to renew in a week's time the licence of Hindustan Coca-Cola Beverages Pvt Ltd's plant at Palachimada in Palakkad. The Bench ... More

CORPORATE BONDS

IOC raises Rs 1,000 cr thru bonds
NEW DELHI: IOC has raised Rs 1,000 crore through a bond issue in less than two working days. The Rs 1,000-crore secured redeemable non-convertible bond issue opened for subscription on private placement basis on May 30 but was able to ... More

MERGERS & ACQUISITIONS

Strides Arcolab, Matrix to merge
The boards of Matrix Laboratories Ltd and Strides Arcolab Ltd, at their respective meetings on Wednesday, have in principle agreed to a merger plan that will take the merged entity into the premier league of Rs 1,000 crore-plus pharmaceutical ... More

Galpha Labs buys anti-fungal brand Grisonorm from Noble Drugs
IT is not just the big daddies of the pharma segment that nurture acquisition plans. The estimated Rs 60-crore Galpha Laboratories Ltd has acquired a generic anti-fungal brand, Grisonorm, from Nashik-based Noble Drugs. Galpha had a limited ... More

OUTLOOK

Godrej to invest more in agri, property biz
THE Rs 5,500-crore Godrej group expects to see fast growth in Godrej Agrovet and Godrej Properties over the next five years. The group would continue investing in all its businesses but the need for funds at these two companies would be higher ... More

NAPCL targets Rs 12-cr turnover, plans to double sales
FOR a company based at a remote village and owned 70 per cent by local farmers, having to take on rivals such as Pepsi and Dabur could be akin to getting crushed to pulp. But Nadukkara Agro Processing Co Ltd (NAPCL), which makes the Jive brand ... More

PERFORMANCE

Yellow Pages(Coimbatore edn) revenue up
COIMBATORE: Infomedia India Ltd's Coimbatore edition of Yellow Pages has attracted more advertisements and clocked higher revenue during the current year compared to the previous year. The revenue growth, in percentage terms, is the ... More

Bajaj Auto sales up 52 pc in May
MUMBAI: Bajaj Auto Ltd (BAL) on Wednesday reported a 52 per cent rise in total sale of two & three-wheelers for May 2005 to 1,78,645 units from the previous corresponding 1,17,200 units. According to an official statement, its ... More

Maruti sales in reverse gear as exports dip
MARUTI Udyog Ltd (MUL) sales continued their decline for the second month in a row in . MUL, the country's largest carmaker, sold 42,286 units in May 2005 against 44,212 in the same month last year. During May 2005, the company registered 63 ... More

GMI sells more cars
NEW DELHI: General Motors India registered a nearly 64 per cent growth in May 2005, selling 2,503 cars against 1,527 in the same month last year. The company sold 1,610 Tavera, 615 Chevrolet Optras, 274 Opel Corsas and four units of the ... More

Honda Siel sales up 38%
NEW DELHI: Honda Siel Cars India Ltd (HSCI) registered 37.81 higher growth in May at 3,514 units. During the January-May period, Honda City sales were up 29 per cent, Accord grew by seven per cent and Honda CR-V by 22 per cent, the ... More

NEW PRODUCTS & SERVICES

German Remedies launches injection for multiple sclerosis
BETAFERON, a subcutaneous injection of Interferon used in the treatment of multiple sclerosis, has been launched in India by German Remedies. Part of the Zydus Group, German Remedies has launched Interferon beta-1b under the brand name ... More

Human Biologicals launches drug for rabies
HUMAN Biologicals Institute (HBI), a division of the Indian Immunologicals Ltd and fully owned subsidiary of the National Dairy Development Board (NDDB), has announced the national launch of Equine Rabies Immunoglobulin (ERIG), a drug for the ... More