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Talisman
appreciates Indias interest
Mumbai: Talisman Energy chief executive Jim Buckee said on
Monday he fully understood Indias keen interest in buying his
firms stake in a major oil project in Sudan.
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Lowe
Personal to promote Indian coffee abroad
Mumbai: The
Coffee Board has appointed Lowe Personal, a Lintas group company,
to take up a project to promote Indian coffee overseas.
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M&M
net profit dips 15% to Rs 103 crore
Mumbai: Mahindra
& Mahindra Ltd has reported a 14.81-per cent reduction in its
net profit to Rs 102.69 crore for the year ended 31 March 2002
from the previous corresponding Rs 120.55 crore.
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Tata
Chemicals tank collapse claims three lives
Mumbai: The Tata Chemicals soda ash plant at Mithapur near
Dwarka in Jamnagar district witnessed a bizarre accident today as
two steel tanks of the unit collapsed on some seven workers who
were at that time engaged in maintenance work.
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RINL
to focus on retail market
Mumbai: Rashtriya Ispat Nigam Ltd, the corporate entity of
Visakhapatnam Steel Plant, is in the process of changing its
marketing gears by giving a sharper focus to retail sales.
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Sterlite
purchase scheme is not binding
Mumbai: Stung by criticism over its scheme of arrangement
to purchase 50 per cent of its equity stake, Sterlite Industries
(India) Ltds has said that the scheme is voluntary.
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ITDC
in a revamp mode
New Delhi: The in-house creative wing, Ashok Creative,
which has positioned itself as a specialised tourism communication
agency, will now offer its services to others.
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Ramapuram
Holiday plans resort at Kabini
Chennai: Ramapuram Holiday Resorts will soon start
construction of its second holiday resort project in Karnataka.
Located at Kabini, the resort would be spread over 12 acre and
have 20 cottages after the first phase of construction.
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Vanishing
companies get show-cause notices
New Delhi: The Department of Company Affairs has initiated
action against 70-odd companies and their promoters who had vanished
after cheating the gullible investors.
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JB
Chem gets EU certification for Nifedipine
New Delhi: JB Chemicals and Pharmaceuticals Ltd has been
awarded the Certificate of Suitability to European
Pharmacopoeia Monograph or EP4 from the European Union for its
active pharmaceutical ingredient: Nifedipine.
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MoU
for revival of Trayons signed
Thiruvananthapuram: The much-awaited MoU for reviving the
sick Travancore Rayons Ltd (Trayons) at nearby Perumbavoor was
signed on Monday.
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Bharti
targets 35% cellular market share
New Delhi: Bharti Tele-Ventures Ltd expects to boost its
share in the domestic cellular market by over 35 per cent with the
launch of five projects in the next month. The company expects to
register a 50 per cent growth in revenues by March 2003.
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ATMs
cheapest in India
New Delhi: If you thought hi-fi electronic gadgets cost
more in India than elsewhere, its time to remind yourself of
the adage There is an exception to every rule. In this case
it is the ATMs, which cost lesser in India than in any other
country.
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Tata group
revival pumps up stocks
Mumbai: War
fears between India and Pakistan and the Gujarat carnage have
failed to dent the spirit of the Tata group stocks, which stood
tall amidst the ruins even as scores of frontline pivotals bit the
dust in recent months.
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L&T
operating profit from E&C dips to 10%
Mumbai: Diversified
major Larsen and Toubro, has seen a decline in the operating
profit margin of its engineering and construction business.
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Pharma
firms report major turnaround, Q1 net zooms
Mumbai: Defying
the general downtrend in the industrial sector, leading
pharmaceutical companies have reported a steady growth during the
quarter ended March 2002.
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SAIL
Durgapur unit expects to be in black
Durgapur: The
Durgapur Steel Plant of Steel Authority of India Ltd is optimistic
of earning a net profit in 2002-03 fiscal, after over two decades
of net losses.
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Parrys
Confectionery to close Chennai unit
Chennai: As
part of its belt-tightening measures, Parrys Confectionery Ltd,
belonging to the Rs 3,900-crore Chennai-based Murugappa group, has
decided to close down one of its manufacturing units in Manapakkam
in the outskirts of Chennai.
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Syntans
opposes Bayer offer for Aventis Crop
Chennai: Indian Syntans Investments, the investment arm of
the Chennai-based Indian Syntans Group, has raised objections to
German conglomerate Bayers open offer to minority shareholders
of Mumbai-based Aventis CropScience.
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