The Hindu Business Line : Saturday, March 15, 2003

SRL-Ranbaxy aims for new heights in clinical testing
THE moment of glory, when athlete Sunita Rani was cleared from the disgrace of doping and given back her gold and bronze medals, was made possible by laboratory tests done by SRL-Ranbaxy Ltd. (SRL-RL). Having successfully restored the medals to ... More

ANNOUNCEMENTS

Hyundai begins Santro exports to Colombia
HYUNDAI Motor India Ltd has commenced exports of the Santro to Colombia with a consignment of 650 cars. This is part of the company's efforts to increase its exports to 25,000 units this year against the 8,245 units it exported in 2002, and its ... More

German Remedies to launch oral drug for Kala Azar
GERMAN Remedies Ltd, a part of the Rs 1,100-crore Zydus Group, is set to launch Miltefosine, the world's first oral therapy to treat Kala Azar. Towards this, the company has entered into an exclusive marketing arrangement with Zentaris AG, the ... More

AWARDS & HONOURS

Tata Steel MD bags workers' union award
MR B. Muthuraman, Managing Director of Tata Steel, has received the 19th Michael John Gold Medal, an award constituted by the Tata Workers Union in memory of its past President, Mr Michael John. Dr J.J. Irani, Director, Tata Sons and a former ... More

COURTS/LEGAL ISSUES

Supreme Court allows Spectrum to hold AGM
According to STUSA's dissent note, the accounts are not calculated and presented in accordance with the true project cost of Rs 748 crore as approved by the Andhra Pradesh Government on which basis SPGL is receiving tariff payments for the last five years. More

MERGERS & ACQUISITIONS

Living Media set to take over Reader's Digest in April
COME April and the Indian Reader's Digest will be a part of the India Today group. The royalty issue, which had been delaying the deal for months, has finally been thrashed out, said officials close to the negotiations. The ... More

CORPORATE GOVERNANCE

Jaswant promises level field for CAs
THE Finance Minister, Mr Jaswant Singh, on Friday indicated that the Government might go ahead in implementing some of the recommendations made by the Naresh Chandra Committee on Corporate Audit and Governance. He also promised a level playing ... More

NEW PROJECTS

Sundram Fasteners to invest $5 m in China unit
THE TVS group-owned Sundram Fasteners Ltd (SFL), which is setting up a manufacturing base in China, expects to get started on it in a year's time. The company would initially invest $5 million into Sundram Fasteners Zhejiang Ltd, the ... More

SICK UNITS

Delay in inducting funds — BIFR asks Pearl Engg to seek condonation
PEARL Engineering Polymers Ltd (PEPL), manufacturers of PET resin, has been instructed by the Board for Industrial and Financial Reconstruction (BIFR) to move an application seeking condonation for delay in inducting funds and issuance of capital ... More

Dunlop has `enough funds' to restart Ambattur unit
AAIFR was supposed to hear the arguments of DIL's debenture holders on March 13, which, however, was deferred till April 2 . More

OUTLOOK

It's time for consolidation, says Fiat chief
FIAT India's focus this year would be on consolidating its position in the domestic market. "We will concentrate on the Palio and Siena this year, and on building our service and dealer network," Mr Alberto Montanari, Chairman and Managing ... More

TRENDS

In corporate India, it pays to reward performers
GONE are the days of across-the-board pay hikes. Today, Indian companies are going in for performance-pay structures, a norm that has been in practice for several years among MNCs operating in the country. A recent study by Hewitt bears out ... More

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