Author: CP

The board of Cinevista Ltd has approved the sub-division of Rs 10 to Rs 2 per share.
Further, the board has decided to increase the authorized capital from Rs 12 crore to Rs 20 crore.

Ranbaxy Laboratories has received approval from the U.S. Food and Drug Administration to manufacture and market hydrocodone bitartrate and acetaminophen tablets USP, 75 mg/750 mg, 10 mg/500 mg, 5 mg/500 mg, and 10 mg/325 mg strengths. The office of generic drugs, U.S. FDA, has determined the Ranbaxy formulations to be bioequivalent and have the same therapeutic effect as that of the reference listed drugs as follows: 10 mg/325 mg norco tablets of watson pharmaceuticals 5 mg/500 mg vicodin tablets, and 7.5 mg/750 mg vicodin ES tablets both of abbott laboratories, and 10 mg/500 mg lortab tablets of UCB Inc.

Hanung Toys & Textiles announced during the market hours today, 20 August 2007 that the company has bagged an export order from home furnishing retailer IKEA Sweden, for exporting soft toys/kids furnishing to the extent of Rs 600 crore.

Net profit of Hanung Toys and Textiles rose 93.75% to Rs 9.30 crore 55.73% rise in sales to Rs 85.20 crore in Q1 June 2007 over Q1 June 2006.

Flashnews: The board of Ugar Sugar Works has discussed the matter of rights issue and recommended rights shares in the ratio of 1 share for every 4 shares held at a premium of Rs 7 per share (total Rs 8 per share including premium) subject to the approval of the shareholders in the general body meeting to be held on 28 September 2007.

All the sugar stocks including Balrampur Chini and Bajaj Hindustan have turned sour when it comes to their price – quoting almost at their 52 week lows.

Pantaloon Retail India Ltd is all set to raise Rs 200 crore by issuing 4,000,000 equity shares of Rs 2 each at a premium of Rs 498 to private equity and institutional investors.

The board has also decided to issue of 21,200,000 warrants at a price of Rs 500 per warrant aggregating to Rs 1060 crore to promoter group, Pantaloon Employee welfare trust and select employees of the company.

Pantaloon Retail stock currently trades at Rs 487 on the NSE. Check out this exclusive retail India website for more details on business and operations of all retailers in India.