The Hindu : Business News : Thursday, August 19, 2004

Online edition of India's National Newspaper
Thursday, August 19, 2004

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Tatas to invest $2 billion in Bangladesh
DHAKA, AUG. 18. Talks on a $2 billion investment proposal by India's Tata group in Bangladesh in steel, power and fertilzer sectors were progressing `positively' here, officials familiar with the talks said today. "The talks are 100 per cent ...

TCS listing slated for August 25
MUMBAI, AUG. 18.The global information technology services provider, Tata Consultancy Services Ltd (TCS), will list its scrips on the Stock Exchange, Mumbai (BSE), on August 25, even as it is planning to go for an overseas listing. "The ...

GAIL challenges Petronet's decision
NEW DELHI, AUG. 18. The Central Government has nipped Oil and Natural Gas Corporation's exclusive plans to extract LPG and C2/C3 from liquefied natural gas by also allowing gas utility GAIL India to do the same from the common LNG being imported ...

Ranbaxy begins clinical trials on malarial drug
THIRUVANANTHAPURAM, AUG. 18.In what is being described as a major breakthrough in treating malaria, scientists have developed a drug that acts like artemisinin derivatives, which are now the most effective against drug-resistant forms, but will ...

Other Stories

Rupee little changed

Sensex drops 65 points

ICICI OneSource's pact with Singapore firm

Lodha files caveats

Oberois keen on management contracts

South Indian Co-operative Bank gets Administrator

Barometer

Exchange rates

Bullion rates

Briefly
Balaji Telefilm's preferential offer
MUMBAI, AUG. 18. Balaji Telefilm will issue preferential shares/convertible warrants, representing 25.1 per cent of the post-issue capital, to Asian Broadcasting LLC, an affiliate of the Star group. The board at its meeting held today approved a ...

Liberty to hive off rubber unit
NEW DELHI, AUG. 18.The shoe manufacturer Liberty Shoes today said it would sell off its rubber products unit and focus exclusively on the leather business. "The move is part of the company's strategy to streamline its operations as it aims at ...

Gillette revamp
NEW DELHI, AUG. 18.The U.S.-based Gillette has brought down its stake in the Indian arm by about 5 per cent to 40.65 per cent as part of an internal restructuring. Gillette Company USA has offloaded 5 per cent equity in Gillette India, Gillette ...

Nod for iGate, Saint Life merger
NEW DELHI, AUG. 18. iGate Global Solutions today approved the merger of Saint Life Pharmaceutical Research Laboratories (SLPRL) with it. Besides, the board of directors of iGate Global also decided to proceed further on the procedural aspects of ...

Assistance sought for SSIs
COIMBATORE: The small-scale units, especially those in the software sector, should be extended the facility of collateral-free loan up to Rs. 25 lakhs under the Credit Guarantee Fund for Small Industry scheme, R. Prabhu, MP, has pleaded. In a ...

Seminar on global alliances
COIMBATORE: The Southern India Regional Council of the Institute of Company Secretaries of India conducted a conference on "Global alliances and mega partnerships — from the perspective of industry and professionals" here recently. ...

Airtel's expansion
PONDICHERRY: Airtel has planned to expand its services to cover 330 towns with over 1,000 BTS in Tamilnadu and Pondicherry by the year end. The Chief Operating Officer (COO), Bharti Cellular Ltd. Tamilnadu, Ramgopal Vallath, told presspersons ...

Orchid files seventh ANDA
CHENNAI: Orchid Chemicals and Pharmaceuticals has filed its seventh abbreviated new drug application (ANDA). According to a release, seven ANDAs cover various finished dosage forms of three cephalosporin antibiotic products (two sterile products ...

Teledata completes GDR offer
CHENNAI: Teledata Informatics has completed its maiden global depository receipts issue of nine lakh GDRs each at a price of $8.89, aggregating to $8 million. As per the terms of offer, there are 10 equity shares of Rs. 41 each (Rs. 10 face value ...

Other Stories

Canon eyes higher market share

ICICI Infotech in pact with Consigntech

LNM group to buy stake in Bosnian firm

IRCON bags Ethiopian highway contract

Betty Crocker now in India

ECIL bags NSCBI Airport Contract

PTC to host user conference

Alfa Laval gets two orders

Bajaj International pact with U.K. firm

Federal Bank widens RTGS network

CII conference on e-HR

Pala Society launches futures trading

Stanchart MF starts operations in Kochi

BPL Mobile's new scheme

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