The Hindu Business Line : Tuesday, May 27, 2003

Novartis buyback cap at Rs 250
NOVARTIS India Ltd on Monday said its board has recommended buyback of its shares at not more than Rs 250 per share. The company also recommended a dividend of 150 per cent at Rs 7.50 per share on a face value of Rs 5 per share. According to ... More

COURTS/LEGAL ISSUES

HC clears Ranit Pharma merger with Aurobindo
THE Andhra Pradesh High Court has approved the merger of Ranit Pharma Ltd with Aurobindo Pharma Ltd (APL), the city-based Rs 1,050-crore pharmaceuticals major, as per the scheme of amalgamation cleared by the shareholders and submitted to the ... More

HUMAN RESOURCES

Large-scale re-alignments under way at Shaw Wallace
AS a result of the transfer of its beer assets to a joint venture company with SABMiller, large-scale executive realignments are under way at Shaw Wallace. A joint team of Shaw Wallace and SABMiller is currently re-evaluating executive strength ... More

NEW PROJECTS

Godrej enters Lankan market
GODREJ & Boyce Manufacturing Company Ltd announced on Monday that it has entered the Sri Lankan market to cater to the home, office and warehouse segments. The company plans to distribute and market its range of appliances, security equipment, ... More

Hyundai India to invest Rs 850 cr in expansion
HYUNDAI Motor India Ltd (HMIL), the country's second largest car maker with about 19 plus per cent market share having recently introduced its new Sunshine hatchback Zing, has a range of new launches up its sleeve with the first being a high-end ... More

Hind Zinc plans to hike Rajasthan unit capacity
THE country's largest zinc and lead producer, Hindustan Zinc Ltd (HZL), now a Sterlite group company, is planning to increase the capacity of its smelter in Rajasthan by one lakh tonnes per annum (tpa). The current installed capacity of the ... More

Richmond Info opens branch in Kolkata
RICHMOND Infotech Pvt Ltd, a Pune-headquartered multi-level marketing company, on Monday launched its foray in the eastern region with the setting up of a branch office here in Kolkata. The Kolkata office will oversee the company's operations in ... More

SICK UNITS

Debenture holders' stand key to reopening Dunlop unit
AN early reopening of Dunlop India Ltd's Ambattur factory in Tamil Nadu appears possible provided the company's debenture holders (mainly FIs) take a "compassionate" stand on the issue of realisation of their money which will be paid from the ... More

PERFORMANCE

NMDC supply of iron ore lumps to RINL plant rises
THE supply of iron ore lumps to the Vizag Steel Plant (VSP) of Rashtriya Ispat Nigam Ltd by National Mineral Development Corporation (NMDC) is slowly increasing and returning to "comfortable levels''. According to RINL sources, the raw material ... More

Hind Sanitaryware sales up 19 pc
HINDUSTAN Sanitaryware & Industries Ltd (HSIL) has reported an increase of 19.6 per cent in sales, at Rs 253.29 crore for the year 2002-03. The company has posted an operating profit of Rs 42.87 crore for 2002-03, up 10.5 per cent compared to Rs ... More

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