Reliance seeks deadline for SEBs recast
Mumbai: Reliance Power Ltd in its presentation on Monday before the parliamentary standing committee on energy emphasised the need for a deadline to be fixed for state governments to reorganise their electricity boards.
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Infosys Q1 net profit may rise 12%
Mumbai: Analysts expect Infosys to close the first quarter of the current financial year with revenues of Rs 700 crore, showing a quarter-on-quarter growth of 3 per cent and a year-on-year growth of 14.4 per cent.
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Hero Honda Q1 net zooms 77%
Mumbai: Hero Honda has recorded a 77-per cent jump in its net profits to Rs 139.16 crore from Rs 78.81 crore in the first quarter of the financial year 2002-03 over the same quarter last fiscal.
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Toshiba products to flood India
Mumbai: The worlds largest laptop seller Toshiba has unveiled a slew of products for the Indian market. This includes the worlds thinnest and lightest laptop in India, at 1.18 kg and 19 mm, for Rs 1.7 lakh.
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Lucas-TVS plans crossing the Great Wall
New Delhi: Lucas-TVS, domestic market leader in auto electricals, is the latest Indian major to say bravado to Chinese competition.
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WNS buys UK insurance claims firm
Mumbai: The cityi-based BPO company WNS (formerly Speedwing World Net-work Services) has acquired Town & Country, a UK-based insurance claims management company.
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SC refuses to stay TDSAT order against Bharti
New Delhi: The Supreme Court refused on Monday to stay an order of a telecom tribunal rejecting the claim of Bharti Telenet for refund of around Rs 9 crore deposited by the latter as licence fee before migrating from the fixed licence fee regime to revenue sharing regime.
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ONGC to carry out MRPL due diligence
Mumbai: Oil and Natural Gas Corporation on Monday decided to carry out due dilligence of MRPL before taking a decision on wether the upstream major would buy the AV Birla stake in the refining company.
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Tatas plan to sell stake in Reader's Digest
Mumbai: The Tata group is selling the Indian edition of Reader's Digest magazine, making it the first publishing property offered for sale since the government last month scrapped the ban on foreign investment in the print media.
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ITC uses cash flows to retire Rs 700-crore debt
Mumbai: ITC has witnessed a sharp rise in its free cash flows during the financial year ended March 2002. According to its recent annual report, the company used its free cash flows of Rs 1,200 crore partly to retire debt worth Rs 700 crore and also to pay dividends.
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Court directs Pepsi to stop airing Lehar Soda ad
Mumbai: Pepsi Foods Ltd has been directed to stop airing the ad for Lehar Soda by the court of the sub-divisional judicial magistrate in Bhadrak, Orissa. The Lehar Soda film, which broke on television in May 2002, spoofs Bollywood stars Salman Khan and Sushmita Sen.
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SAIL's recast plan prunes interest outgo
Mumbai: The business restructuring programme of Steel Authority of India Ltd is now into its third year. A pertinent question is: What has been the impact of the exercise carried out so far in both financial and organisational terms?
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Bata to extend support to BDCL, Fashion Shoe
Mumbai: BDCL Enterprises Pvt Ltd and Fashion Shoe Pvt Ltd to which the two loss-making factories of Bata India Ltd are being transferred (one each under the two companies), under a scheme of arrangement will receive  suport from Bata.
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RINL's maiden CP issue oversubscribed
Mumbai: The maiden commercial paper programme (first stage of Rs 100 crore in two Rs 50 crore tranches) of Rashtriya Ispat Nigam Ltd, which runs the Visakhapatnam Steel Plant, has been over-subscribed at Rs 105 crore.
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Taj GVK hopes to win ITDC hotel at Chandigarh
Mumbai: TAJ GVK Hotels and Resorts Ltd, the city-based hospitality joint venture between the Tatas and the GVK group, is set to acquire the five star hotel belonging to the India Tourism Development Corporation located in Chandigarh.
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SCI signs deal with BPCL for crude transportation
New Delhi: The privatisation-bound Shipping Corporation of India has signed a contract of affreightment with the state-run Bharat Petroleum Corporation Ltd for transporting its crude cargo from the Persian Gulf for a six-month period.
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Jubilant's Nira plant gets ISO 14001 certification
Mumbai: Jubilant Organosys Ltd (formerly Vam Organic Chemicals Ltd), a speciality chemical company, has announced that its manufacturing plant located at Nira, near Pune, has been awarded ISO 14001 certification for manufacture and supply of a complete plant.
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Havell's considers overseas buy
Mumbai: The Havell's group, a diversified electrical engineering and products company, has drawn up plans to scale up overall exports and is eyeing an overseas acquisition. It is mulling a private placement offer to facilitate the acquisition.
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Tata Engineering posts 31.3% rise in June sales
Mumbai: Tata Engineering has reported a 31.3-per cent rise in domestic vehicle sales for June 2002 to 16,853 units as against 12,833 units of the previous corresponding period. Sales for the first quarter of 2002-2003 stood at 38,961 units, up 17.4 per cent from the previous year's sales in the same period.
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Tata Power to tap APDPC for raising funds for NNW
Mumbai: Tata Power Company Ltd, which recently acquired a 51-per cent stake in DVBs North North West distribution company, will infuse around Rs 50 crore to Rs 60 crore per annum in the distribution company.
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Ciba Chemicals extends pact with Metrochem
Mumbai: Ciba Speciality Chemicals and Metrochem, which supplies Ciba with a select range of intermediates and dyes, have extended their cooperation agreement which would enable Metrochem to exploit the capacity of itsBaroda plant better.
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Amara Raja in pact with global telecom players for topline growth
Chennai: The Chennai-based Amara Raja Batteries Ltd has entered into separate agreements with a number of global telecom players for the supply of high-end batteries for telecom equipment.
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Serum cuts hepatitis-B vaccine prices at doctors level
Mumbai: The price war in hepatitis-B vaccine is set to intensify with Serum Institute of India Ltd now announcing a reduction in its vaccine prices at the doctors level to Rs 350-400 from Rs 640 earlier, for a 10 ml vial.
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