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Cracks
in cement prices begin to surface as volumes surge
Just when all seemed hunky-dory for the cement sector
following a sharp surge in despatches last month, cement
prices have once again started slipping.
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Lowe
to handle ITC non-tobacco media account
As
part of the gameplan to evolve into an FMCG major, ITC
has consolidated its entire non-tobacco media planning
and buying account with Initiative Media, the media buying
arm of Lowe (formerly Lintas).
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PC
sales buck global trend, spurt 18% in H1
It's official now. The domestic PC market has shown a
healthy growth of 18 per cent in the first half of the
financial year, in sharp contrast to the global market.
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Thermax
plans project exports to beat slump
In a bid to beat sluggish demand conditions back home,
Thermax, the Pune-based energy and environment solutions
company, has finalised plans to make a major foray into
project exports and is pitching for jobs worth $15m in
the overseas markets.
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Telco
takes the highway in Dec, sales spurt 25%
Telco, the country's largest truck maker, said vehicle
sales in December rose 25 per cent to 15,216 units. Sales
for the nine-month period ended December '02 were 1.4
lakh vehicles, 25 per cent higher than 1.13 lakh vehicles
sold in the corresponding period last year.
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Infosys
widens basket to keep bottomline intact
Infosys,
which provides solutions to financial, telecom and technology
sectors, is witnessing broadening of demand.
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Banking
revenues fall $1.5 million
The banking business unit saw a revenue decline of $1.5m
during Q3, said TV Mohandas Pai, CFO.
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Usha
Beltron buys wire rope plant in Dubai
Usha Beltron (UBL), the country's largest steel wire rope
company, has acquired a wire rope plant in Dubai to serve
its growing customer base in that region. The acquisition
cost of $3 million is serviced entirely by internal accruals.
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Morgan
retains top slot for India-dedicated funds
India Investment Fund (IIF) and India Magnum Fund managed
by Morgan Stanley were the top performers amongst the
India dedicated offshore funds.
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RasGas
to bid for NTPC Kayamkulam project
The Qatar-based Ras Laffan Liquefied Natural Gas Co Ltd
(RasGas) is considering bidding for the 2.5-million tonne
liquefied natural gas (LNG) project planned by National
Thermal Power Corporation (NTPC) in Kayamkulam, Kerala.
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ICAI
to co-operate with China institute
The Chinese Institute of Certified Public Accountants
(Cicpa) and the Institute of Chartered Accountants of
India (ICAI) have agreed to identify the areas for exchange
of technical knowhow and expertise.
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Hudco
demand for 26%
Hudco's insistence on 26-per cent stake in Cochin International
Airport Ltd (CIAL), as against the latter's decision to
offer 24 per cent, has raised private investors' apprehensions
of a possible takeover of the company by the public.
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MFs
can invest $1 b in listed foreign firms
As part of a slew of big-bang measures aimed at further
flexibility in capital account transactions and integrating
the Indian financial market with the global capital markets,
the Finance Minister, Mr Jaswant Singh, today said.
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Dunlop
workers protest
A section of the Dunlop India Ltd employees led by the
union demonstrated at the Labour Department office here
demanding immediate implementation of the more-than-three-month-old
agreement for resumption of operations.
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Singareni
bid to avert stir makes no headway
The ongoing efforts by the management of the State-owned
Singareni Collieries Company Ltd, to dissuade colliers
from striking work against the alleged privatisation move
were deadlocked even as miners reportedly gheraoed a surface
miner.
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Coastal
Paper mill workers intensify stir
The workers of Coastal Paper Mill at Kadiyam village near
here, on a strike for the past fortnight, have intensified
their agitation seeking the revocation of the transfer
order of a supervisor to Hyderabad.
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BHEL
diversifies into O&M of power plants
Bharat Heavy Electricals Ltd (BHEL), the premier power
equipment major in the public sector, has entered a new
business area of operation and maintenance (O&M) of
power plants as a part of its strategy to fuel future
growth.
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Rourkela
Steel to cut loss by Rs 400 crore
Reviewing the performance of calendar 2002, an RSP release
said that 1.6 million tonnes of hot metal, 1.43 million
tonnes of continuous cast slabs and 1.47 million tonnes
of saleable steel were produced during the year representing
a 15 per cent grow th over 2001.
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NTPC
deal key to Pipavav viability: BG
The BG group has pinned the viability of its LNG import
terminal at Pipavav, Gujarat, on the prospect of securing
the three million tonnes per annum LNG supply contract
of National Thermal Power Corporation (NTPC).
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Eastman
Kodak may make India base for health imaging
India is on its way to becoming a strategic base for the
health imaging division of Eastman Kodak Co, said Dan
Kerpelman, President-Health Imaging and Senior Vice-President,
Eastman Kodak Co.
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