Madras Fert hopes to record Rs 120-crore profit
Chennai: The public sector Madras Fertilisers Ltd is expecting to post Rs 120-crore profit during November 2002-March 2003.
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HPCL, BPCL sell-off to speed up reforms: RIL
Mumbai: The Reliance group feels that the pace of petroleum sector reforms will increase with the widening of consumer choice once disinvestment of Hindustan Petroleum Corporation and Bharat Petroleum Corporation takes place.
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Essar Group inks pact with Russian co
New Delhi: The Essar group promoted Hy-Grade Pellets have entered into a tie-up with a consortium of a Russian company and Essar Constructions for iron ore slurry pipeline from Bailadila to Vishakhapatnam.
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Jindal strips interest cost down 10 per cent on Rs 775-crore debt
New Delhi: In a financial restructuring exercise, Jindal Strips Ltd has brought down interest cost from 13 per cent to 10 per cent on its debt of Rs 775 crore.
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Videocon Entertainment taps foreign cos for metro plans
Mumbai: Videocon Entertainment, is in talks with Dream World of Australia, Warner Village and Sentosa Group of Singapore for foraying into the entertainment business.
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A-I inducts additional Pratt & Whitney powered airplanes
New Delhi: Air-India has increased its fleet of Boeing B747-400s to seven with the induction of Korean dry-lease aircraft last week. All these aircrafts are powered by Pratt and Whitney’s PW4056 engines.
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PC makers beat the blues
Mumbai: In a definite sign of economic recovery, PC sales for this fiscal are expected to touch 1.9 million units, a growth of 15 per cent over the 1.7 million PCs sold last fiscal, according to hardware industry association MAIT.
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Deepak Roy now trains his sights on Polychem brands
Mumbai: Deepak Roy, who recently acquired Gilbey's Green Label, Guinness UDV's mass market Indian whisky brand, is now close to clinching a deal with Mumbai-based Polychem group, to buy out the latter's spirit brands Alcazar Vodka, Man's Club Whisky and Louis XI brandy.
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Bajaj family may oppose Shishir's stake sale
Mumbai: The Bajaj saga seems to be getting murkier. Shishir Bajaj, the estranged brother of Bajaj Auto CMD Rahul Bajaj, who is in the process of sounding out investors for offloading part of his shareholding in the two-wheeler company at a huge premium, is unlikely to get approval from the rival family faction.
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Int'l Flavours integrates with Bush Boake Allen
New Delhi: The US-based International Flavors & Fragrances has completed its integration with Bush Boake Allen in India, following its worldwide merger.
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Tata Tele plans Rs 14,000-crore investments till '05
Mumbai: The Tatas have set aside Rs 14,000 crore for investment in the telecom sector by the year '05. The company has so far invested about Rs 5,000-crore in its telecom business.
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M&M to ramp up Scorpio output to 2,000 a month by '03
Mumbai: In an effort to meet Scorpio demand, M&M is working on a phased ramp-up plan that will take its Scorpio line capacity to 2,000 units a month by March '03 and kick-start the second phase of expansion at 45,000 units per annum from June onwards.
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Amul kicks off milk war in Pune with Gold and Taaza
Pune: The milk war in Pune has begun, with Amul launching its Gold and Taaza brands in the city on December 1. It will flex its marketing muscle by roping in the nearly 1200 outlets which vend Amul products in company-supplied deep freezers and visi coolers.
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Jagatjit Ind scouts for partner to introduce a whisky brand
New Delhi: Jagatjit Industries (JIL), makers of the Aristocrat brand, will soon finalise a deal with a foreign company to introduce a Scotch whisky brand in the country. The brand will be in the Rs 900-1,200 segment.
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L&T likely to take stake in Jaipur-Kishangarh project
Mumbai: Larsen & Toubro Ltd, which had lost out in the bid for the improvement of the Jaipur-Kishangarh of NH-8 when fresh bids were invited, is likely to take an equity stake in the project.
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Bajaj to shed light on National Games stadiums
Hyderabad: The 32nd National Games, beginning here on December 13, will have modern lighting designed and installed by Bajaj Electricals Ltd (BEL). The company has installed lighting at all the eight stadiums where the games will be held, at a cost of Rs 7.5 crore.
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Credit info bureau favours more investors on its board
New Delhi: Credit Information Bureau (India) Ltd (Cibil) is toying with the idea of taking on board more shareholders who would also use the bureau's services.
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IOC moves up in Fortune ranking
Kolkata: Oil major Indian Oil Corporation (IOC) has moved up a notch - from 18 to 17 - in the Fortune list of the 26 largest petroleum-refining companies in the world.
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Madhusudan group hives off sanitaryware biz
Ahmedabad: Madhusudan group has formally spun off its sanitaryware business into Cera Sanitaryware Ltd (CSL), a separate listed company.
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ONGC pact to buy stake in Nile project
New Delhi: ONGC Videsh has signed an agreement with Talisman Energy Inc of Canada to acquire 25 per cent interest in the Greater Nile project, an oilfield in Sudan, which has oil reserves of 150 million metric tonnes with an upside potential of even more oil and gas in the block.
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Telephoto Entertainment to merge with In House
Mumbai: The board of directors of Telephoto Entertainment Ltd (TEL) has approved the merger of the company with the Mumbai-based content creation company, In House Productions Pvt Ltd (IHPL).
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Eicher Motors sales up 38% in November
New Delhi: Eicher Motors Ltd (EML) has registered 38 per cent growth in domestic sales of its commercial vehicles in November over the corresponding month last year. Sales of Eicher commercial vehicles in the domestic market during November was 861 units whereas it was 626 units during November 2001.
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