Financial Daily from THE HINDU group of publications
Friday, December 30, 2005
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Financial Daily from THE HINDU group of publications Friday, December 30, 2005 |
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CORPORATE ANNOUNCEMENTS Ethypharm to invest $3 m to upgrade plant ETHYPHARM said it plans to invest $3 million in its plant and R&D facility in India. The company will be investing $2 million to upgrade its existing WHO GMP approved production facility at Ambernath, near Mumbai, to EUGMP standards. Another ... More
Bajaj Auto plans 2-3 variants next year
Gas reserves verified in Myanmar offshore block: OVL BUYBACK Century Enka buys 30 pc stake from Accordis CENTURY Enka has completed a buyback deal with its foreign promoters, Accordis Overseas Investment BV, of 85.93 lakh shares representing 30 per cent of the paid-up capital of the company for a sum of around Rs 105 crore. With this, the stake ... More ACCOUNTING STANDARDS ICAI revises accounting norms on employee benefits CORPORATES, banks and financial institutions may not be allowed to carry forward beyond March 31, 2010 any unamortised expenditures on termination benefits of employees, including voluntary retirement schemes (VRS), in their ... More HUMAN RESOURCES The storyteller Narrative craft can be effectively used in companies to transmit core values and build a strong corporate culture. More CORPORATE BONDS IRFC raises Rs 450 cr thru bonds issue at 7.74% In what reflects hardening of rates, Indian Railway Finance Corporation (IRFC) has recently raised Rs 450 crore through a bonds issue from the domestic market at a cost of 7.74 per cent over a 15-year period, according to Ministry officials. ... More RESTRUCTURING CCEA okays Braithwaite revamp THE Cabinet Committee on Economic Affairs (CCEA) on Thursday gave its nod for the financial restructuring of the Kolkata-based Braithwaite and Company Ltd (BCL). As part of the package, the CCEA has approved providing Rs 4-crore margin money ... More MERGERS & ACQUISITIONS Falcon Tyres to seek shareholders nod FALCON Tyres Ltd has said it will seek shareholders' approval through postal ballot for the proposed indirect change in control of the company. In a notice to the Bombay Stock Exchange, Falcon Tyres said shareholders' approval was required ... More NEW PROJECTS 
Saneron sets up Indian arm for stem cell researchSANERON CCEL Therapeutics Inc, an affiliate of CRYO-CELL International Inc, a leading cord-blood bank in the US, has launched its Indian arm, Saneron India, to set up stem cell centres in major cities, according to a release. The Indian arm ... More
Jain Irrigation to spend Rs 225 cr on capacity expansion REGULATORY BODIES & RULINGS THE YEAR THAT WAS Company Affairs Ministry bets on e-governance — To facilitate transparency in operations The project will eliminate the physical interface between the companies and the RoCs and all services, such as registration of new companies, filing of annual returns and balance sheets and also viewing of documents would be available to the public o nline. More ALLIANCES & JOINT VENTURES Wockhardt Hospitals in pact with US insurer THE Wockhardt Hospitals group in India has established a formal agreement with Philadelphia-based CIGNA Insurance to accept direct payments from the insurer for CIGNA International Expatriate Benefits (CIEB) health plans. CIGNA covers 32 ... More VENTURE CAPITAL Actis invests $23 m in auto components firm Sandhar Actis has already made significant investments in the Indian auto sector and will bring its network of relationships and expertise to Sandhar as the components firm pursues its acquisition plans both within and outside India. More DIVERSIFICATION Silvery splash Montblanc, maker of high-end pens, ventures into women's jewellery — sterling silver, rhodium-plated and platinum finished. More OUTLOOK Publisher of Dainik Jagran plans IPO by Jan JAGRAN Prakashan Ltd (JPL), publishers of the country's highest circulated newspaper Dainik Jagran, would be coming out with their IPO, likely January. A portion of the proceeds would be earmarked for acquisitions and joint ventures in ... More
Lanka IOC hoping for quick payment of subsidy bill PEOPLE Udayan Bose joins Reliance Cap board RELIANCE Capital Ltd has informed BSE that Mr Udayan Bose, former Managing Director, Lazard UK and USA and founder Chairman, Lazard India, has joined the Board of the Company on December 29, 2005. He has over 35 years of domestic and ... More Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Pick a Winner Stock Market Contest
Top Stories In Focus Dynamic Tirupur Trends in IT - 2005 FDI in retail sector Indian Aviation: Sky is the limit India Inc's bonus bonanza India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back Dec. 18-Dec. 24 Coal gasification projects — ONGC may rope in Shell as joint venture partner German co in talks with Indian power firms for carbon credits RoC e-initiative to open up data on India Inc Ratna R-Series oil field — Oil Ministry seeks opinion of Law Ministry on ONGC's counter-claims `India witness to heightened M&A activity' SEBI unlikely to extend revised Clause 49 deadline Reliance demerger comes into effect Reliance F&O: NSE cancels Jan 17 trading, fixes Jan 18 as ex-date to adjust de-merger ONGC to pay Rs 25 interim dividend — Govt share amounts to Rs 2,642 cr |
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