Royal Airways to fly again
New Delhi: Royal Airways, formerly ModiLuft, will soon be able to resume flight operations. The Delhi high court, by an interim order, has directed the government to issue a no-objection certificate to resume operations on fulfillment of certain conditions by the airlines.
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MRPL board to consider ONGC offer today
Mumbai: The state-run exploration firm, ONGC, is likely to clinch a deal within a week to buy Aditya Birla groups stake in the joint venture MRPL, whose board is meeting on Wednesday to consider the proposal.
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Sultans of India Inc
Mumbai: It pays to head a successful company. Literally. At the top of the list of the highest paid corporate chieftains in India are the heads of two of the most successful companies in 2001-02 Dr Reddy's Labs and Hero Honda.
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Blue Bunny ice-cream to quit Indian market
Chennai: The $600-million Iowa-based Wells Dairy Inc-owned Blue Bunny ice-cream, which entered the domestic market about four years back through the Indian distribution and marketing company, Sno Shack Frozen Foods Pvt Ltd, is pulling out of the Indian market.
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Asahi India splits shares
New Delhi: In a move aimed at increasing the number of transactions on the company's shares at the stock exchanges, Asahi India Safety Glass Ltd (AISGL) announced that it would split its shares into 10 shares for each held.
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Power stations with BHEL-built thermal sets bag awards
New Delhi: Thirty-two thermal power stations in the country, equipped with generating sets built by Bharat Heavy Electricals Ltd (BHEL), have been awarded meritorious productivity awards for excellent performance from the Union Government.
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Leadership awards
Mumbai: The second Asia Business Leader Awards 2002 (ABLA 2002) is being sponsored by CNBC and TNT. The award recognises excellence in leadership across the Pan Asian region. This year's theme is `Growth through leadership'.
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Profit in last 2 years notwithstanding... Ambuja Eastern to take time to get off BIFR net
Mumbai: Despite registering net profits in the last two accounting years, Ambuja Cement Eastern Ltd, a subsidiary of the cement major Gujarat Ambuja, will take a few more years to extricate itself from the Board for Industrial & Financial Reconstruction.
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`Integrated sugar complex will shield Balrampur Chini from erratic prices'
Mumbai: The new projects of Balrampur Chini Mills Ltd an integrated sugar complex and a 20 MW power plant will help the company to take care of all its by-products.
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229 companies in `vanished' list
New Delhi: The Government on Tuesday said that 229 companies were reported to have "vanished" after mobilising money from investors in the 1990s. Of these 63 companies alone are based in Gujarat followed by Delhi with 31 companies.
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Cemex to acquire Mangalam's Kota unit
Kolkata: Cemex SA De CV, Mexico, is on the verge of acquiring Mangalam Cement's 1.3m tonne capacity at Kota in Rajasthan.
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RIL board meeting may signal Mukesh's coronation
Mumbai: Mukesh Ambani, the elder son of the late Dhirubhai Ambani, will chair the board meeting of the group flagship Reliance industries today.
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IBM buys PwC consultancy for $3.5-bn
Bangalore: Computing giant IBM announced that it was buying the PricewaterhouseCoopers Consulting for $3.5-billion in stock and cash.
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Cellphone firms face hard times as WLL rolls out
Mumbai: Wireless in local loop (WLL) services are poised to give tough competition to cellular services in Delhi and Mumbai. Basic telecom service providers will install a capacity of over five lakh WLL lines each in Delhi and Mumbai by the year-end.
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Foster's scouting for breweries in south
Chennai: After establishing its brand name in the west, the Australian beer giant, Foster's is looking at acquiring breweries in south India to increase its presence in that region.
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Ceat trims flab, hikes prices
Kolkata: Ceat, India's second-largest tyre maker, is shedding employees, retiring high cost debt and hiking product prices in an attempt to stay competitive and increase its share of a volatile market.
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Shivalik Group plans foray into South
Mumbai: Mount Shivalik Breweries, which enjoys a sizeable market share in Punjab, is in talks with breweries in Maharashtra, Andhra Pradesh and Tamil Nadu for entering into franchise arrangements with existing bottlers in these regions to sell its popular brands, including Thunderbolt and Golden Peacock.
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Hyundai targets 3% market swing
Mumbai: Hyundai Motors India, which has topped all passenger car segments in the first half of this year, plans to double its marketing and sales efforts and spur a more aggressive customer identification programme to swing the marketshare by 2-3% in its favour, despite the dull buying conditions, says company president BVR Subbu.
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Excel signs pact with Paramount to market videos
Mumbai: Feel more at home with the stars. Paramount Home Entertainment International of US, a sister company of Paramount Pictures and a Viacom group arm, is entering India for the first time.
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Columbia Tristar to release films sourced by Star
Mumbai: Columbia Tristar and its parent, Sony Pictures Entertainment, are going on a new shopping spree, and unfurling a brand new marketing/distribution strategy. Columbia has forged a concerted tie-up with an independent movie importer/distributor for the first time.
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Painting a rosy picture: ICI makes some value additions
Mumbai: It's all bright hues for ICI India. With over 50 per cent of its revenue coming from paints exclusively, the company is bringing in a string of value adds from its parent ICI Plc's kitty.
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Coca-Cola claims 61 per cent of carbonated market
New Delhi: Coca-Cola India has said that its carbonated soft drinks business has cornered an all-time high 60.5 per cent share of the carbonated soft drinks market at the end of May '02.
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