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Birlas’
SAT appeal contests Sebi move
Mumbai: The AV Birla group, in its appeal to the
Securities Appellate Tribunal, has questioned the Sebi
move to re-investigate the issue of whether the Birlas
have gained control of Larsen & Toubro, when last
year the regulatory authority had already given the group
a clean chit.
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L&T
revives cement hive-off plan
Mumbai: In a move that could stmie Aditya Birla
Group's plan to acquire a substantial chunk of Larsen
& Toubro, the company has quietly revived the proposal
to hive off its cement business into a separate entity
and offer a stake in the demerged company to a strategic
partner.
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Govt
to remove price curbs on AIDS drugs
New Delhi: Indian anti-HIV drug makers who had
outdone multinational patentees of anti-retrovirus drugs
with steep price cuts in the African market, are being
rewarded at home.
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Punjab
Police win Nehru-ONGC hockey tournament
New Delhi: Punjab Police (Jalandhar) thrashed Rock
Rovers (Chandigarh) 6-0 in their super league match of
the Nehru-ONGC hockey tournament.
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BIFR
asks IDBI to give Binny report by Nov 30
New Delhi: The century-old textileguard, Binny
has got a fresh breather from the Board for Industrial
and Financial Reconstruction (BIFR).
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Prices
of top antibiotics see fall in 10 years
New Delhi: For the first time in the last 10 years,
prices of some of the leading drugs mainly antibiotics,
cardiovascular drugs and anti-diabetic drugs have seen
a sharp decline during January-September '02 period.
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RIL
may go it alone in 4th round of gas block bidding
Mumbai: The discovery of huge gas reserves in the
Krishna-Godavari basin gives Reliance Industries, the
country's second-largest company, an opportunity to bid
alone for the fourth round of oil and gas exploration
blocks which are likely to be offered by the government
next year, a top industry source said.
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Mudra
bags Reliance Infocomm ad account
Mumbai: Mudra Communications has been awarded the
prestigious advertising business of Reliance Infocomm.
The business will encompass devising the communications
strategy for a slew of telecom and IT-related services
scheduled for launch shortly.
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Coordination
panel subsidy to improve MFL nNetworth
New Delhi: A Rs 85 crore subsidy payment awarded
by the fertiliser industry co-ordination committee would
improve the networth of the public sector Madras Fertilisers
Ltd substantially this fiscal.
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Chinese
group walks out on Nalco
New Delhi: The growing uncertainty over the fate
of the Nalco disinvestment has claimed another scalp with
the Chinese metals group, Yankuang on Wednesday withdrawing
from the process.
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New
WiLL tariff from Reliance
New Delhi: Reliance Infocomm, is proposing a plan
that allows a customer to make a one-time upfront payment
of Rs 15,000 and not pay anything for the next three years
for the limited mobility (WiLL) service.
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Now,
Coca-Cola files complaint over bottles
New Delhi: The ongoing `battle of the bottles'
between the cola giants - Coca-Cola and Pepsi has moved
one step away from a `truce'. It was Coca-Cola's turn
on Wednesday to file a complaint with the police.
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UK
parent to buy out Escorts in joint venture
New Delhi: Escorts Ltd has announced that it has
signed an agreement to sell its 40 per cent equity stake
in Escorts JCB (EJCB) to the UK-based J C Bamford Excavators
Ltd.
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Red
E to open more food courts
Chennai: The Chennai-based Food Alliance plans
to take its food court format restaurant - Red E - to
Hyderabad, Bangalore and Kochi, according V. Manu Reddy,
Executive Director, Food Alliance.
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Zydus
Cadila ties up with Swiss major to expand range
Mumbai: Zydus Cadila Healthcare Ltd (ZCHL), the
Ahmedabad-based Rs 589-crore healthcare major, has chalked
out a plan to expand its product portfolio of vaccines
through overseas arrangements.
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BIFR
confirms closure of Cepham Organics
Bew Delhi: After exhausting all options to rehabilitate
Cepham Organics Ltd, the Board for Industrial and Financial
Reconstruction (BIFR) has reiterated its earlier opinion
of winding up the chemical company, which was declared
sick in 1999.
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Despite
adverse product-mix, DSP hopes to post profit
Jameshedpur: Handicapped as it is by a rather adverse
product-mix, Durgapur Steel Plant (DSP) is hoping to make
a net profit in the second half of the current fiscal.
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Zydus
upbeat on anti-rabies marketshare
Hyderabad: In the Rs 160-crore anti-rabies vaccine
market, Zydus Cadila hopes to take a share of 10 per cent
in the first year, Mr Nagaraj said.
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