|
Powergrid
plans to diversify, acquire stakes in Discoms
Mumbai: The PGCIL has embarked upon a massive diversification
plan with a focus on picking up 26 per cent stakes in
distribution companies, undertaking contracts to strengthen
sub transmission systems, rennovation and modernisation
of transmission networks and operation and maintenance
works in various states.
Back
to News Review index page
PGCIL
to invest Rs 35,000 crore in transmission sector by ’07
Mumbai: The PowerGrid Corporation of India Limited,
which is a central transmission utility operating about
42,000 circuit km, proposes to invest a whopping Rs 35,000
crore mainly in the transmission sector during 10th plan.
Back
to News Review index page
Monto
to launch Cruiser bike in ’03
New Delhi: Monto Motors, the first local firm to
sell imported Chinese motorcycles, said on Tuesday it
would launch a 150cc cruiser motorcycle to cash in on
the demand for such products in the domestic market.
Back
to News Review index page
Sebi
to probe Birla-L&T case
Mumbai: The Securities and Exchange Board of India
will soon launch formal investigations into whether there
was any change in control at Larsen & Toubro after
Grasim Industries acquired a 10.6% stake in the company
in November '01, a top Sebi official said.
Back
to News Review index page
Ram
Laxman's new owners annul pact with Holiday Inn
Pune: Classic City Investments Pvt. Ltd., the new
owners of Holiday Inn, Pune, have scrapped the existing
management contract for the hotel with the Holiday Inn
group. The existing contract was made by the erstwhile
owner of the property, Ram Laxman Hotels, with the Holiday
Inn group.
Back
to News Review index page
ONGC
Videsh in talks to acquire equity oil abroad
New Delhi: ONGC Videsh Ltd (OVL) is currently negotiating
with Myanmar, Iran, Iraq, Kazakhstan and the US for acquiring
equity oil abroad as a part of the Government's strategy
to achieve energy security, according to Ram Naik, Union
Minister for zetroleum.
Back
to News Review index page
Indo
Rama hikes product prices
New Delhi: Polyester manufacturer Indo Rama Synthetics
(I) Ltd has hiked the basic price of its partially oriented
yarns (POY) and Fully Drawn Yarn (FDY) with effect from
November 15.
Back
to News Review index page
Bridgestone
plans to make commodity grade tyres - To buy out ACC,
Tata Engg stakes
New Delhi: Japanese tyre manufacturer Bridgestone
Corporation is planning to make commodity grade tyres
in India as part of its global capacity expansion plan
and geographical realignment of production capacities.
Back
to News Review index page
Tata
Steel's chrome venture forges new links abroad
Mumbai: Tata Steel's proposed ferro chrome venture
in South Africa, which was cleared by the company's board
on October 30, is significant for several reasons.
Back
to News Review index page
VSNL
to match Data Access rates - Pact signed with BSNL
New Delhi: Ending their eight-month long dispute
over the revenue to be shared from international calls,
telecom behemoths Videsh Sanchar Nigam Ltd (VSNL) and
Bharat Sanchar Nigam Ltd (BSNL) have inked an agreement
with compromises made by both the parties on their earlier
demands.
Back
to News Review index page
Hilton,
Blue Coast form joint venture
New Delhi: Hilton International and Blue Coast
Hotels and Resorts Ltd (formerly Morepen Hotels) yetserday
announced the setting up of a joint venture company -
Hospitality Holdings India Ltd - to develop first class,
luxury hotels and resorts in the country.
Back
to News Review index page
New
players take on older finance firms to fund CVs
Mumbai: New entrants like ICICI and HDFC Bank are
battling with traditional heavyweights like Sundram Finance
and Cholamandalam Finance in the commercial vehicle finance
market.
Back
to News Review index page
Conseco
to sell its stake in call centre EXL to VCs
Mumbai: Conseco, the $9.5bn US insurance major,
is selling its entire stake in India's largest independent
call centre, EXL, to two venture capital funds Oak Hill
Partners and Financial Technology Ventures.
Back
to News Review index page
Glenmark
buys GSK's Ankleshwar bulk drug unit for Rs 14 crore
Mumbai: Glenmark Pharmaceuticals yesterday announced
that it had acquired a bulk drug manufacturing unit from
GlaxoSmithKline (GSK) Pharmaceuticals for Rs 14 crore.
Back
to News Review index page
Visteon
infuses Rs 35 cr into two Indian arms
New Delhi: Visteon Automotive Systems India (VASI),
the Indian subsidiary of $18.5bn Visteon Corporation,
had turned around last fiscal (2001-02) and reported a
net profit of Rs 5.8 crore.
Back
to News Review index page
MP
Birla group to set up health clinic in Kolkata
Mumbai: The MP Birla group is on a health drive.
It has now embarked on building a multi-speciality nursing
home. The new healthcare facility, which is coming up
adjacent to the group's Belle Vue Clinic, is likely to
be completed in the next two years.
Back
to News Review index page
BIFR
seeks Metal Box report on rehab scheme progress
New Delhi: The Board for Industrial & Financial
Reconstruction (BIFR) has asked the management of Metal
Box India Ltd to submit the progress report on the implementation
of the rehabilitation scheme for the company.
Back
to News Review index page
Rajasthan
Spinning hopes for 15 pc growth in exports
New Delhi: Rajasthan Spinning & Weaving Mills
Ltd (RSWML), a LNJ Bhilwara group company, hopes to record
an export turnover of about Rs 150 crore this fiscal.
This represents a 15 per cent jump in the export sales
of about Rs 130 crore recorded in the year ended March
31, 2002.
Back
to News Review index page
Daimler
targets sales of 600 E Class cars in 2003
Bangalore: Daimler Chrysler India Pvt Ltd, the
makers of Mercedes Benz, expects to sell 600 E Class cars
in calendar 2003, Managing Director, Mr Hans-Michael Huber
said.
Back
to News Review index page
|
