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THE INDEX /
Unequal field
A lot of action took place at Sebi during the past week. The
regulator has decided to lift the ban on short sales effective July 2,
while the decision regarding ban on deferral products has been postponed
till next week.
Novartis
acquisition of Roche voting shares to have little impact in India
NOVARTIS’ global acquisition of 20 per cent voting shares in Roche is
expected to have a minimal impact in India, albeit for the time being.
Roche held a small stake of roughly 4 per cent in Nicholas Piramal some
years ago, though top Nicholas Piramal (NP) officials on Monday said that
the Swiss giant no longer has any stake in NP.
Roofit Ind commissions Pune plant
THE flagship of the Rs 600-crore Motwani Enterpises — Roofit Industries
Ltd— has commissioned its plant at Pune to manufacture 17 different grades
of its Roofit dry premixed plaster.
Jagatjit
Ind plans foray into wines
Jagatjit Industries Ltd (JIL), a leading player in the Indian Made Foreign
Liquor (IMFL) segment, is planning to foray into wines.
HEG
chalks out restructuring plans, to exit textile business
HEG, a Bhilwara Group company, is planning to gradually exit from its
textile business due to declining profits and depressed market conditions.
It has identified graphite as its core competency.
McGraw-Hill,
Thomson units merge to form separate entity
TWO economic-consulting companies, called DRI and WEFA, will be
carved out of their parent organisations and merged in a transaction that
is expected to be completed soon.
RPL,
Essar, MRPL seek marketing rights for controlled petro products
RELIANCE Petroleum Ltd (RPL), Essar Oil Ltd (EOL) and the Aditya Birla
group-promoted Mangalore Refineries and Petrochemicals Ltd (MRPL) have
sought marketing rights for controlled petroleum products before deregulation
of the sector in April, 2002.
Havell’s
India appoints PwC for restructuring
ELECTRICAL engineering equipment manufacturer Havell’s India Ltd has appointed
PriceWaterhouseCoopers to restructure the group’s business of switchgears
and energy meters.
Cement
sector witnesses hike in production, sales
THE first month of the new fiscal seems to have brought some respite to
the cement industry. Production and sales figures for April 2001 witnessed
an increase as against the corresponding period last year.
Other Headlines
Bajaj
Auto profits plunge 57 per cent to Rs 263 crore
Godrej
Industries posts Rs 10.7-crore loss in Q4
Siemens
proposes buyback of shares
Williams
in talks to pay $2.3 b in cash, stock for Barrett Resources
Mascot
Systems net profit at Rs 375 million
Ranbaxy
enters domestic anti-AIDS segment
Aurobindo
Pharma launches new division for AIDS awareness
Lucent CFO resigns barely a
year into the job
Anchor plans chain of outlets
to sell AVE range
George
Williamson has no plans to sell gardens
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