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Wednesday, November 10, 2004
Henkel SPIC-Henkel India merger swap at 1:1
CHENNAI, NOV. 9. Henkel SPIC India Limited (HSIL) will be merged with Henkel India Limited (formerly Calcutta Chemical Company Ltd.) at a stock swap ratio of 1:1. The merger is proposed to be effective from July 1, 2004. HSIL holds 92 per cent ...
ICRA lowers economic growth forecast
NEW DELHI, NOV. 9.While expressing optimism on the performance of the manufacturing sector and the services sector, credit rating agency ICRA (Investment Information and Credit Rating Agency) today lowered its forecast for economic growth during ...
Ranbaxy scouting for talent in the U.S.
SILICON VALLEY, NOV. 9. Indian pharmaceutical major Ranbaxy Laboratories is scouting for scientists in the U.S. to expand its research and development facilities in India. Seeking to increase its share in the global market, the company is looking ...
Himalaya Drug forays into baby care
BANGALORE, NOV. 9. Herbal healthcare major Himalaya Drug Company today announced the launch of a baby care range consisting of seven products. They include a moisturising soap, powder, lotion, shampoo, nourishing oil, cream and diaper rash ...
Robust tax collections
NEW DELHI, NOV. 9.Enthused by robust corporate and income-tax collections in the first seven months, Centre's direct tax mop up vaulted by about 34 per cent to Rs. 51,647 crores, raising the hopes of meeting the fiscal deficit target of 4.4 per ...
Website to help investors
NEW DELHI, NOV. 9.The Union Minister of Company Affairs, Prem Chand Gupta, today launched a website to help investors protect themselves from unscrupulous promoters, companies and entities. The site, created by the Prime Investors Protection ...
New director for IFC
NEW DELHI, NOV. 9.The International Finance Corporation has announced the appointment of Iyad Malas as the director of IFC's South Asia Department. Mr. Malas has replaced Dimitris Tsitsiragos, effective September 1. Prior to this assignment, Mr. ...
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