Kalyani net ventures inks pact with Transworld compressor
Pune: Kalyani Group company, Kalyani Net Ventures Limited has got into an agreement with Transworld Compressor Technologies Limited for vehicle and asset management systems.
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Gail to set up 500-MW power station in Tripura
Kolkata: Gas Authority of India would be setting up a 500 MW power station in Tripura, which is facing a huge power shortage. Industry sources said that the details of the power station are being worked out, including the cost.
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CIPL chalks out plan to face WTO challenges
Mumbai: Central India Polyesters Limited, a Reliance group company and formerly known as DCL Polyesters Limited, has drawn plans to counter the challenges arising out of WTO guidelines, by improving quality and reduction in cost.
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Apollo Tyres close to buying Chinese firm
New Delhi: The Rs 1700-crore Apollo Tyres is awaiting clearance from the Chinese government for picking up the majority stake in a Chinese tyre company.
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Most valuable brands: Coke best, MS next
Mumbai: It's the real thing after all Coke is the world's most valuable brand, topping the charts at $69.6 bn in value, beating contenders Microsoft ($64.1 bn) into second and IBM ($51.2 bn) into third place.
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IOC, ONGC & Gail finally on selloff list
New Delhi: In what could result in a quantum leap in the privatisation programme, the disinvestment ministry has proposed that the government raise Rs 26,500 crore during the current fiscal by selling stakes ranging between 10 per cent and 25 per cent in Indian Oil, ONGC, Gail, NTPC and BSNL.
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IDC forecasts global recovery in '03
Mumbai: Market research and consulting firm IDC India predicts an economic rebound in 2003. Pradeep Gupta, managing director IDC India, said that the global infotech sector had a business cycle where any growth was followed by a period of consolidation.
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Tatas back Chaukar over audit report
Mumbai: The Tata Group is fully behind embattled senior executive Kishore Chaukar, former vice-chairman of Tata Finance, who has been criticised in a report by audit firm AF Ferguson for hiding information from the board of directors of Tata Finance.
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Serum Institute bullish on BCG vaccine sales
Pune: The Rs 400-crore Pune-based Serum Institute of India on Thursday launched the BCG vaccine for tuberculosis in India. The Bacille Calmette-Guerin (BCG) will be available at Rs 7 per dose.
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E&Y named auditors for Xerox ModiCorp
Mumbai: Ms Veena Modi, Chairperson of SpiceCorp, has initiated the process of immediately appointing Ernst & Young as the internal auditors of Xerox ModiCorp. E&Y are the auditors of SpiceCorp, a company release said.
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IPCL plan to pre-pay IBRD loan may get nod
New Delhi: The Government is set to clear the proposal submitted by the new management of IPCL the Reliance group, to pre-pay the company's loan from the World Bank aggregating over $100 million.
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Kyndal joins race for UDV's Indian whiskies
Mumbai: Scotch major Kyndal Plc has entered the race to buy United Distillers & Vintners' (UDV) Indian whiskies, which are on sale. It is learnt that Kyndal has placed the bid through its 100 per cent subsidiary, Kyndal India Ltd. W
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Premier Tyres may be closed down
The management of Premier Tyres will be forced to close down the factory if the trade unions continued with their non-cooperative attitude, according to Mr Omkar Kanwar, Vice-Chairman and Managing Director of Apollo Tyres Ltd.
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Tinplate in talks with Usinor for technical tie-up
Chennai: Tinplate Company of India Ltd is in talks with Usinor, the French steel major, for a technology and market development tie-up. The company is also looking at the possibility of expanding its production base.
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Tinplate's charts 2-pronged plan to sustain profitability
Chennai: Tinplate Company of India Ltd has managed to turn around in 2001-02 after years of recording a negative performance. It has decided to implement a two-pronged plan to sustain its latest profitability.
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Reliance Infocomm has WiLL to reach masses
Mumbai: Reliance Infocomm is turning to FMCG companies, as it prepares to enter the game of reaching the masses through their limited mobility offering.
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Tata Power Q1 net down 3%
Mumbai: Tata Power Company has posted a 3.28 per cent drop in its net profit at Rs 83.73 crore for the first quarter ended June 30 compared to Rs 86.57 crore a year earlier.
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Amul net up 45%, sales up 3.4%
Ahmedabad: Gujarat Milk Marketing Federation Ltd , the makers of the Amul range, has recorded a 3.4% increase in sales turnover in FY 2001-02 to reach Rs 2,336.48 crore. The co-operatives net profit stood at Rs 7.25 crore, up 45% over last fiscal.
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High adspends drag down HLL food biz profits
Mumbai: Lackustre performance in staple food coupled with high ad spends dragged down HLLs profits in the foods business in the June quarter. The company, focusing on improving profitability of foods division, reported a loss in the foods business with a marginal improvement in topline.
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Telco to expand dealer network
Mumbai: With the launch of the sedan version of the Indica barely a few weeks away, Tata Engineering (Telco) has decided to aggressively expand its dealer network to strengthen distribution and push sales.
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Indal to become wholly-owned subsidiary of Hindalco
New Delhi: Aditya Birla group company Hindalco Industries is set to make an open offer for aquiring 25.5 per cent shares of another group company Indal to make the latter a wholly-owned subsidiary.
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IOC to sell diesel, jet fuel to Sri Lanka
New Delhi: Indian Oil, the country's largest refiner, said on Thursday it had signed a one-year $100- million term contract to supply 30,000 tonnes of diesel and 10,000 tonnes of jet fuel a month to Sri Lanka.
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Grasim Q1 net up 3.2% at Rs 105.4 cr
Mumbai: Despite a 15% drop in realisation from the main cement business, The Aditya Birla group flagship Grasim Industries has reported a 3.2% rise in net profit at Rs 105.4 crore during the first quarter ended March 31, 2002 against Rs 102.2 crore in the same period last year.
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Tata Engg in top gear Product mix, cost cutting pay dividends in Q1
Mumbai: Tata Engineering has continued to remain in the profitability mode for the second quarter in a row, reporting a net profit of Rs 28.03 crore for the first quarter of 2002-2003. It made a net loss of Rs 98.9 crore in the year-ago period.
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Satyam Q1 net declines Uncertainty seen in major markets
Chennai: Satyam Computer Services Ltd has recorded total income of Rs 471.48 crore and a net profit of Rs 108.45 crore for the first quarter ended June 30, 2002. This reflects an increase of 11.98 per cent in income and a decrease of 10.72 per cent in net profit.
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IA apex fare offer finds many takers
Mumbai: Indian Airlines (IA) is literally setting the domestic skies on fire with its apex fare scheme, which has seen the airline sell more than 16,000 tickets, during the first two weeks of it being launched.
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