|
Prabhu puts
Dabhol back on stream
New Delhi:
Prabhu, who is on the verge of losing his ministership, has put
the controversy-stricken
Dabhol power project back on stream by brokering a truce
between the Maharashtra State Electricity Board and the Dabhol
Power Corporation.
Back to
News Review index page
HC
attaches Spice bank accounts
New Delhi: The
Delhi High Court has ordered attaching the bank accounts of
Spice Communications, a BK
Modi group company providing cellular mobile services
in Punjab and Karnataka, for non-payment of dues amounting to Rs
250 crore to Siemens.
Back to
News Review index page
HMT
set for asset stripping in arm to meet staff liabilities
Bangalore: The
PSU major HMT Ltd is all set to commence another round of asset
stripping in one of its subsidiary HMT Watches to raise resources
to pay salary and
other statutory liabilities of the employees.
Back to
News Review index page
SAIL
units modernise to meet Rly standards
New Delhi: Steel
Authority of India Ltd has taken steps to meet the exacting
standards demanded by the Indian Railways for supply of rails,
wheels and axle, the
government-owned steel majors largest customer.
Back to
News Review index page
Tata
was briefed on TFL issues: Pendse
Mumbai:Its a
sequence of allegations and counter-allegations that are cropping
up over the murky Tata Finance investments issue.
Back to
News Review index page
HC voices
dismay over progress of Reliance investigation
New Delhi: The
Delhi High Court on Tuesday expressed dissatisfaction over the
Centres status report on the progress of investigation into
certain cases of
alleged financial irregularities against Reliance Industries Ltd
and sought a comprehensive
report within two weeks.
Back to
News Review index page
Windals
auto spins off IT arm as ERP solution firm
Mumbai:
Auto ancillary company, Windals Auto Pvt Ltd, has spun off IT arm
into Windals Infotech Pvt
Ltd to develop focused ERP and supply chain solution
suited for Tier I and Tier II ancillaried in the automotive
industry.
Back to
News Review index page
PwC
launches climate change service in India
New Delhi:
PricewaterhouseCoopers has started a climate change service in
India as the country has
emerged a potential destination for the developed world
to meet emission reduction commitments under the Kyoto Protocol.
Back to
News Review index page
UTI
to sell most of its IPCL stake in RIL open offer
Mumbai: The Unit
Trust of India has decided to offload a major portion of its
stake in Indian Petrochemical Corporation by participating in the
open offer made by
Reliance Industries, which has recently taken over management
control of the
Vadodara-based petrochemical major.
Back to
News Review index page
Merc
patrons flock to book SL 500
Bangalore:
Prospective customers of the Mercedes SL 500, the top of the line
model, have begun to pay the
20 per cent advance of the Rs 78 lakh (approx) price
of the car.
Back to
News Review index page
Life
Insurance Corporation prepares for US foray
Mumbai: Life
Insurance Corporation of India is planning to start business in
the US by being a corporate
agent. In getting a hang of the market, India's largest
insurer will sell policies which will be underwritten by an US
insurer, to non-residents.
Back to
News Review index page
Bijlee
offers cheap operating costs at Rs 4.50/km
Mumbai: Mahindra
Eco Mobiles, a subsidiary of Mahindra & Mahindra, has rolled
out a new zero-emission nine-seater transit van.
Back to
News Review index page
Telco
shrugs off monsoon impact on sales
Kolkata: Tata
Engineering has discounted the possibility of monsoon failure
affecting the sales of its
commercial vehicles during the current fiscal 2002-03.
The company is still hopeful of achieving the projected 10 per
cent growth in
volume.
Back to
News Review index page
Escorts
to revive Niky Tasha for number plates foray
Mumbai: The
Escorts Group is all set to revive the defunct Niky Tasha, which
used to manufacturer gas
burners and kitchenettes. In its new avatar, the company
will manufacture new high security vehicle registration plates.
Back to
News Review index page
Gulf
Oil merges with IDL, swap ratio set at 2:1
New Delhi: The
Hinduja-promoted lubricant company Gulf Oil India has formally
merged with Hyderabad-based explosives company IDL Industries to
form Gulf Oil Corporation,
an entity with a turnover of Rs 450 crore.
Back to
News Review index page
Premier
Tyres wage talks on Aug 28
Discussions on the long-term wage settlement of the employees of
the Premier Tyres Ltd
(PTL); a subsidiary of the Apollo Tyres Ltd (ATL) would be held on
August 28 at
Thiruvananthapuram.
Back to
News Review index page
Infobahn
to shut US office; Malaysian closure to follow
Hyderabad:
Attributing to the recession in the global software markets,
Infobahn Technologies Ltd
(ITL), the Hyderabad-based software development services
company, has announced its decision to close down its branch
office in the US.
Back to
News Review index page
TPL
to seek shareholders' nod for Rs 30-cr term loan
Chennai: The Rs
780-crore Tamilnadu Petroproducts Ltd ( will seek shareholders'
nod at its forthcoming annual general meeting on September 16
for securing a Rs 30-crore
term loan by way of second charge on the movable and
immovable properties of the of the company.
Back to
News Review index page
Thermax
to pay Rs 5 per share
Mumbai: The board
of directors of Thermax Ltd has recommended a dividend of Rs
5 per share (50 per cent) for the year ended March 2002 as against
Re 1 per share in the
previous year, the company has said in a press release.
Back to
News Review index page
CPCL
to raise authorised capital to Rs 400 cr
Chennai: Chennai
Petroleum Corporation Ltd proposes to raise its authorised share
capital to Rs 400 crore from Rs 200 crore now.
Back to
News Review index page
Playwin
awaits nod for Maharashtra launch
Mumbai: Playwin
Infravest, which is running the Sikkim Super Lotto and the Lucky
3 for Karnataka, is all set to launch a new game for Maharashtra.
The company has
obtained a license but is awaiting the approval of the Maharashtra
Government for deciding for deciding the game.
Back to
News Review index page
VSNL,
Tata Teleservices may merge eventually - Committee report delayed
by 2 months
Mumbai: The first
clear indication of what the Tatas intend to do with VSNL emerged
today, with the Chairman of the company, Ratan Tata, hinting at
the possibility of an
eventual merger of VSNL and Tata Teleservices, the basic telephony
company in the in the Tata fold.
Back to
News Review index page
DCA
panel meet today on norms for unlisted cos
New Delhi: The
recently constituted high-powered committee appointed by the
Department of Company
Affairs (DCA) to frame guidelines for unlisted Indian companies
on preferential allotment, sweat equity and employee stock option
scheme (ESOPs) is scheduled
is scheduled to meet on Wednesday.
Back to
News Review index page
Pepsi,
Punjab Govt sign deal for citrus cultivation
Chandigarh: Pepsi
Foods Private Ltd and the Punjab Agri Export Corporation (Pagrexco)
a Punjab Government undertaking on Tuesday signed a protocol on
citrus cultivation in
Chandigarh.
Back to
News Review index page
Maha
Seamless to issue bonus preference shares
Mumbai:
Maharashtra Seamless Ltd will issue bonus redeemable preference
shares carrying a 10 per
cent annual dividend. The shares will be redeemed in
one or more tranches within a period of five years from the date
of allotment.
Back to
News Review index page
Bharti
may consider spreading its wings to additional circles
New Delhi: Bharti
would have a presence in as many as 18 of the 22 telecom circles
in the country, reinforcing its standing as the largest cellular
player.
Back to
News Review index page
UB
bets on strong beer to rev up sales in TN
Bangalore:The UB
group hopes to carve out a significant share of the Tamil Nadu
market for strong beers with the introduction in Chennai this week
of Kingfisher Super
Strong Beer.
Back to
News Review index page
Maruti
studying market for launch of Ignis
New Delhi: Car
manufacturer Maruti Udyog Ltd which has seen tough times and
falling market shares in an
increasingly competitive and shrinking domestic market,
is undertaking a study to benchmark its proposed next offering,
the Ignis, with
competitors such such as the Palio.
Back to
News Review index page
Aptech
upbeat on BPO sector -Launches sales and marketing course
Mumbai:
Introduction of the sales and marketing course for the BPO
industry follows the
recent launch of an IT course for the banking sector.
Back to
News Review index page
|
