Birlas unfazed by L&T Cement demerger plan
Mumbai: The Birlas are said to be unperturbed by Larsen & Toubro’s cement demerger plans, for which L&T would have to shell out an estimated Rs 500-crore as stamp duty for the demerger.
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L&T yet to receive any alternative demerger proposal from Birlas
Mumbai: The Larsen & Toubro management has not received any communication from the AV Birla Group as regards an alternative demerger proposal for the cement business.
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Fiat sees operating profit by end-2003 on Palio gains
Mumbai: Despite the current problems plaguing its parent, Fiat India is on its road to profitability with the company expected to earn operating profits by end 2003.
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Bharat Forge plans to buy European firm
Pune: Bharat Forge, the Rs 473-crore Pune-based forging company is planning to acquire a unit in Europe, to cater to increasing orders from that part of the world.
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HMP buys stake in Otto India
Kolkata: Otto India, a project engineering subsidiary of the world’s second- largest steel group, the euro 38bn ThyssenKrupp AG, Germany, is believed to have changed hands. The company has been bought over by the Rs 500 crore plus kolkata based HMP Group of Mahavir Prasad Poddar.
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HM to supply transmission systems for M&M's Bolero
Mumbai: Having inked a deal to make engines for Ford and General Motors at its Pithampur plant, Hindustan Motors is planning to supply transmission systems for Mahindra & Mahindra's Bolero.
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Crossword to have 20 more bookstores by next year
Mumbai: Book business is big business. And major book retailers like Landmark and Crossword seem to be on the growth curve. Rahejas owned Crossword is planning to add 20 new stores within 04.
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Movie makers fire fresh salvo in tube war
Mumbai: After film distributor associations decided to boycott producers who prematurely sold their films to satellite channels, it is now the turn of producers to hit back. In the recent meeeting of four producer associations, it was decided to suspend the supply of moview to those territories that have obstructed or blocked the exhibition of any of theprocuders' films.
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Pepsi, Coca-Cola... the war continues
Hyderabad: Coca-Cola Company has been accused of making a "deliberate attempt to destroy our business and wipe us out from the market" by S. K. Jaipuria , Chairman of Charminar Bottling Company Pvt Ltd (CBCL), the Indian franchisee bottler of Pepsi.
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Skyworks to open software centre
New Delhi: The US-based Skyworks Solutions Inc, a semiconducter company focused on radio frequency and complete cellular system solutions for mobile communications applications, has announced plans to open a new software design centre to be located in Delhi.
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BSNL close to signing ITI as preferred vendor
New Delhi: BSNL is to furnish to ITI its long-term requirement covering a span of three to five years so that ITI could plan material procurement/ financing arrangements to meet such requirement and ensure timely supplies.
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ONGC awaits DGCA nod for aviation turbine fuel
New Delhi: Upstream major Oil and Natural Gas Corporation Ltd is awaiting approval from the Director-General of Civil Aviation to begin commercial production of aviation turbine fuel at its Hazira unit.
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MindTree aims to achieve 40 per cent growth
Bangalore: The company had achieved a revenue of $16 million for the year-ending March 31, 2002, a growth of 6.6 per cent over previous year's $15 million.
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DaimlerChrysler hopes to sell 1,500 cars in 2003
Bangalore: DaimlerChrysler India Pvt Ltd hopes to sell 1,500 cars in 2003. The majority of the increased sales will come from the `C' class and the new `E' class, says Ashok V. Bharadwaj, General Manager - Marketing Services.
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Operational losses weigh down Air India
New Delhi: Despite a general improvement in the net traffic revenues in the first half of the current fiscal, Air India is pinning its hopes on a narrow range movement in oil prices to shore up its operational performance.
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