Virgin, Maharajah make up, bookings start again
New Delhi: Virgin Atlantic and Air-India have made up with Virgin now deciding to continue its flights to India. Bookings for its flights began being accepted from today morning.
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ICAI issues guidelines for hospitality sector
New Delhi: The Institute of Chartered Accountants of India has issued a technical guide for accounting and management control system of the hospitality industry.
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Qualcomm may not invest in Reliance Info
New Delhi: One of the biggest telecom investment deals involving Reliance Group and Qualcomm of the US may not ring after all. Qualcomm indicated that it is no longer obliged to invest $200 million in Reliance Infocom since the company has not met some key conditions.
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DCA suspects foul play in Ranbaxy deal
New Delhi: The department of company affairs is investigating alleged purchase of Ranbaxy Labs shares by its investment subsidiary, Vidyut Investments, in violation of section 77 of the Companies Act.
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Tatas tighten grip on group companies
New Delhi: The Tata Group has consolidated the promoters holding in most group companies since March 31, 2001.
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Auto majors go for more diesel debuts
Mumbai: The diesel segment, long dominated by Telcos Indica, is all set to hum with new model activity. On the anvil are a slew of products in the volume B and C segments.
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M&M turns around with Rs 8 crore Q1 net profit
Mumbai: Mahindra & Mahindra has registered a net profit of Rs 7.79 crore for the June-ended first quarter 2002 as against a loss of Rs 29.61 crore for the corresponding period of the previous fiscal.
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MRF Q3 net surges 260% to Rs 29 crore
Chennai: The tyre maker MRF Ltd has recorded a 260 per cent increase in its net profit for its third quarter ended June 30, 2002.
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Orchid Pharma profit down 47% to Rs 3 Crore
Chennai: Orchid Chemicals & Pharmaceuticals Ltd on Monday reported a 47 per cent drop in its net profit for the quarter ended June 30, 2002.
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TVS Motor posts 149% rise in net
Mumbai: TVS Motor Company Ltd on Monday reported a 149 per cent increase in net profit to Rs 26.78 crore for the first quarter ended June 2002, as against Rs 10.76 crore during the corresponding quarter last year. Full story
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DRL to take discovery route to turn global
Hyderabad: Pharma major Dr Reddys Laboratories Ltd has set its focus high on research and development and generics to become a discovery-led global pharmaceutical company in the next five years
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TVS arms to pick up 56% in Harita Finance
Mumbai: TVS Motors along with TVS Electronics has proposed to subscribe 2.83 crore equity shares of Rs 10 each in the group financial arm Harita Finance through a preferential issue.
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Titan announces VRS
Bangalore: Leading watch maker Titan Industries Limited has announced its voluntary retirement scheme. The scheme which opened on July 25 will remain till August 10.
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Some brands do shine in gloomy FMCG market
Mumbai: The FMCG market may have continued to remain sluggish in the first half of 2002, but there are a number of brands that have bucked the trend, if the numbers put out by the companies in their analyst meets are any indicators.
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Howzzat! ESPN-STAR to air cricket from 5 nations
Mumbai: After losing the ICC World Cup and Knockout Tournament broadcast rights to Sony, ESPN-STAR Sports has fought back. In a multi-million dollar deal, it has bagged the satellite telecast rights for cricket in five nations -- England, Australia, South Africa, New Zealand and Zimbabwe for five years (2003-2008).
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Apollo Q1 net jumps 137 per cent
New Delhi: Apollo Tyres has registered 137 per cent jump in net profit to Rs 21.62 crore for the quarter ended on June 30, 2002, compared to Rs 9.11 crore in the same period last year.
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VSNL Q1 net falls 28.5% to Rs 261 crore
Mumbai: Videsh Sanchar Nigam said on Monday its April-June net profit dropped a less-than-expected 28.5 per cent from a year earlier, reflecting a slide in tariff rates.
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Parent to make open offer for Kodak at Rs 350
Bangalore: Kodak Ltd and Eastman Kodak Company, the foreign promoters of Kodak India Ltd, will be making an open offer to acquire up to 25.24 per cent of the outstanding equity share capital at a price of Rs 350 per share payable in cash.
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Accounts in order, says Satyam
Chennai: Satyam Computer Services Ltd has maintained that its books of accounts are in order and that there is no violation of law.
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Jaishu Shipping to sail with US co for overseas projects
Mumbai: Jaishu Shipping Company Pvt. Ltd, a private dredging firm, has joined hands with Miller, the US dredging firm, and floated a joint venture company, namely, Miller Dredging Company, registered in the UK.
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