RIL sets integration process in motion 
Mumbai: Reliance Industries Ltd has set in motion a business integration process whereby production teams from RIL and Indian Petrochemicals Corporation Ltd have minutely studied the operations of the plants and have set detailed programmes for increased production and efficiency.
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DRL gets interim injunction against Sun Generics 
Hyderabad: Dr Reddys Laboratories has obtained an interim injunction from the Delhi High Court against a Mumbai-based company Sun generics, restraining it from manufacturing and marketing anti-ulcerant drug omeprazole under the brand name Omz-20. 
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Shaw Wallace to focus on brand-building 
Kolkata: Liquor major Shaw Wallace & Co Ltd has decided to route most of its investments into brand building. 
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ITI plans to emerge as e-service provider 
Bangalore: The public sector telecom major ITI Ltd is all set to enter the IT-enabled services space as part of a strategy to emerge as a total solution provider instead of being a pure play manufacturing company. 
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Enfield strikes at Lightning, to fly Thunderbird
New Delhi: Royal Enfield Motors has decided to replace its 535-cc motorbike Lightning with a new model under Thunderbird sub-brand. Royal Enfield, part of the Eicher Group, has also started outsourcing components including basic frames as a cost-cutting measure.
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Duncans Fertilisers unit on brink of going sterile
New Delhi: The fate of the Rs 3,000-crore Duncans Industries, fertiliser business hangs in a limbo. Duncans Fertilisers has approached a consortium of banks led by the State Bank of India to work out a financial package to bail out its Kanpur-based fertiliser unit which has been shut down since March.
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Gujarat Alkalies and Chemicals hopeful of clocking profit
Mumbai: Gujarat Alkalies and Chemicals is hopeful of achieving a net profit for the second consecutive quarter in the current financial year. Addressing shareholders at its Annual General Meeting, C R Patil, Chairman, GACL said that the company may register a net profit of Rs 10 crore by the end of second quarter during the current financial year.
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Haldia Petro to securitise Rs 300 cr fee from GAIL
Kolkata: Haldia Petrochemicals has decided to securitise Rs 300 crore of commercial fee expected from a swap marketing-cum-production arrangement with Gas Authority of India.
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AstraZeneca makes 2nd open offer for 12.8%
Mumbai: Anglo-Swedish drug-maker AstraZeneca has announced a second open offer for the 12.8 per cent it does not own in subsidiary AstraZeneca Pharma India, the Indian company said on Friday.
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Fiat wants PAL case shifted to London court
New Delhi: Italian auto major Fiat India feels the right forum for settling its dispute with Premier Automobiles is the International Arbitration Council as has already been agreed upon by both the parties.
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Harilela Group to set up 4-star hotels
New Delhi: Harilela Group of Hong Kong is planning to set up four star hotels in the country and is in talks with leading domestic hoteliers for a possible JV. The proposed hotel will have a capacity of around 250 rooms.
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VisualSoft in e-cheque talks with 2 US FIs
New Delhi: VisualSoft Technologies is negotiating with two US-based FIs to market its electronic cheque payment system in the US markets. The company, which has moved towards the solutions segment, is expected to form a product-focused arm jointly with the US partner by next year.
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NTPC to charge market with largest ever IPO
New Delhi: The National Thermal Power Corporation has firmed up its plans to electrify the market with the largest ever initial public offering. It plans to issue 40 crore shares at an estimated premium of nearly Rs 27.50 for every Rs 10 paid up equity share to raise Rs 1,500 crore. 
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Lenders want to club DPC phases
Mumbai: Indian banks to Dabhol Power Co are desperately trying to prevent their exposures in the troubled company from being classified as "non performing assets". With interest unpaid for the last two quarters, all loans given to Dabhol Phase-I become NPAs after September 30. 
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ONGC to get Rs 2,000-cr windfall
New Delhi: Oil refining companies owe the Oil and Natural Gas Corporation (ONGC) roughly Rs 2,000 crore on account of the upstream oil company being allowed import-parity pricing for its production. 
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P&G may cut Vicks brand product prices
Mumbai: Procter & Gamble Health and Hygiene Ltd (PGHHL) is likely to reduce prices of products under its health brand Vicks, according to Mr Bharat V. Patel, Chairman, PGHHL, said at the annual general meeting (AGM) of the company held here on Friday. 
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Hatsun to pay Rs 3 interim
Chennai: The Hatsun Agro Product Ltd board has announced an interim dividend of Rs 3 per share of Rs 10 (30 per cent) for 2002-03, according to a press release from the company. 
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Glenmark phase I trials on 2 molecules next year
Mumbai: The city-based Glenmark Pharmaceuticals said on Friday that it would start Phase I clinical trials on two of its molecules under drug development by mid-2003. 
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Dr Reddy's to present 10 posters at US meet
Hyderbad: Dr Reddy's Laboratories Ltd has announced here that it will be presenting as many as 10 posters on its anti-infective discovery programme at the 42nd annual Inter-science conference on Anti-microbial agents and chemotherapy (CIAAC) to be held at San Diego, California, US, from September 27 to 30. 
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CFO must for cos with Rs 5-cr paid-up capital
New Delhi: Against the recent backdrop of the spate of accounting scandals in the corporate world, a nine-member committee constituted by the Government has recommended that it be made mandatory for companies with a paid-up capital of Rs 5 crore and above above to appoint a Chief Financial Officer (CFO). 
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Revamped Aurobindo units to take off shortly
Hyderabad: Aurobindo Pharma Ltd (APL), the Rs 1,050-crore pharma major expects to complete the restructuring of its manufacturing facilities shortly and all the revamped units would go on stream fully before the current fiscal-end. 
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Vetri's parent co revamping business - To outsource more work to India
Chennai: Vetri Software India Ltd has announced that its parent is restructuring its business so as to outsource more work to India, China and Mexico. Vetri provides services for data capture, data processing and database creation. 
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DCA Secretary stresses regulatory system
New Delhi: The Secretary, Department of Company Affairs, Vinod Dhall, has reiterated that to maintain good corporate governance, there is a need to strengthen the system of self-regulation as well as tighten the regulatory system. 
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Shaw Wallace still studying winery plan
Kolkata: More than two years after announcing plans for a joint venture winery with a chateau surrounded by vineyard close to Bangalore, Shaw Wallace & Co Ltd says it is still evaluating the proposal. 
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Padmalaya Tele setting up facility in Mumbai - Projects Rs 130-cr revenues
Hyderabad: Bullish on the current entertainment business scenario, Padmalaya Telefilms Ltd, the Hyderabad-based end-to-end infotainment company, has projected revenues of Rs 130 crore this fiscal with a profit of Rs 27crore. 
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LG firms up manufacturing tie-ups in Guwahati, Patna
New Delhi: In a bid to increase its penetration across the country, LG Electronics India has firmed up contract manufacturing tie-ups for its CTVs in Patna and Guwahati. 
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Sasken, Symbian join hands
Mangalore: Sasken Communication Technologies Ltd, the wireless terminal solutions developer, and Symbian, a provider of operating systems for smart-phones, have announced a partnership to address the next generation mobile phone and wireless applications market. 
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Satyam, NGRI sign pact
Chennai: Satyam Computer Services Ltd and the National Geophysical Research Institute (NGRI) have signed a memorandum of understanding (MoU) to undertake joint research work in the field of oil and gas exploration. 
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GKW in talks for debt swap
Kolkata: GKW Ltd has initiated discussions with Unit Trust of India and Army Group Insurance Fund for swapping non-convertible debentures bearing 19 per cent interest that have been placed with them. 
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IPCL will become world-class as Reliance entity: Mukesh
Mumbai: Indian Petrochemicals Corporation Ltd will see its manufacturing units upgraded to world scale, apart from gaining better access to raw materials, as part of its business integration programme under the new Reliance management. 
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Bharti Tele sees big rise in operating margins
Bangalore: Bharti Televentures Ltd, sees its operating margins soaring sequentially in the coming quarters, backed by strong subscriber growth, limited operational expense even as its returns on earlier heavy investments start trickle in, joint managing Rajan Mittal said.
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Blue Star Infotech eyes South for expansion - Sets up development centre in Bangalore
Mumbai: Blue Star Infotech Ltd, a global provider of software solutions and consultancy, is aggressively looking at expanding its developmental operations in the South. The company has announced the setting up of its second development centre in Bangalore. 
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Thermax hopeful of 15 pc topline growth
Pune: Thermax Ltd has said that it expects to post a 15 per cent growth in topline in 2002-03 over the last fiscal despite the drought situation and war clouds over various parts of the world. 
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Cummins arm sees sales close to Rs 125 cr
Bangalore: Industrial and automotive lube-maker Valvoline Cummins Ltd expects to report sales close to Rs 125 crore in 2002-03, up 11.60 per cent from Rs 112 crore a year ago, Vice-President, Marketing, Prabha Shankar, has said. 
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Revised tariff norms hit NTPC profits
New Delhi: Rivision in the power tariff norms by the Central Electricity Regulatory Commission (CERC) has resulted in NTPC's turnover and net profits for fiscal 2001-02 dropping 8.6 per cent and 5.1 per cent respectively over the previous year's figure. 
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