|
BIFR
set to take up Binny asset sale soon
New Delhi: The Board of Industrial and Financial
Reconstruction is expected to consider a proposal by two
south-based business groups to buy real estate properties
of Binny Ltd next month.
Back
to News Review index page
RasGas
to cut LNG price
New
Delhi: Worried about new gas discoveries replacing
costlier LNG, RasGas has agreed to scale down price at
which it will sell LNG to India, provided New Delhi reciprocated
by giving fiscal breaks to the sector.
Back
to News Review index page
SOTC
unveils sport abroad; focuses on lifestyle events
Mumbai: SOTC, the outbound travel division of Kuoni
Travel India Ltd, has launched its new business unit Sport
Abroad. This is for the first time, a travel company has
set up a division which will exclusively focus on holiday
offers based on global sports and lifestyle events.
Back
to News Review index page
Nirlep
diversifies into non-stick dry coat for automobiles
Mumbai: Non-stick cookware maker Nirlep, part of
the Aurangabad-based Duraware Group of Companies, is planning
to introduce a non-stick dry coat for automobiles. The
company has been carrying out a dry run of the product
and has decided to price it aggressively over competition.
Back
to News Review index page
Ford
launches Ikon Nxt in Mumbai
Mumbai: Ford India is looking at a 25 per cent
sales growth for the year 2003. This is significant in
the light of the fact that the company’s flagship
offering Ford Ikon now sells more in the export market
than domestically.
Back
to News Review index page
Bajaj
Auto to tap distributors in bid to foray SE Asian markets
Mumbai:
AS part of its strategy to augment its global reach without
impacting its financials, Bajaj Auto is planning to roll
out motorcycles in diverse locations in South East Asia
from assembly lines built by its distributors and channel
partners.
Back
to News Review index page
Wockhardt,
Japanese company in talks to expand ties
New Delhi: Indian drugmaker Wockhardt and Japanese
company Eisai are in talks to broaden their alliance to
include exports from India to Japan, and a possible collaboration
on research and development (R&D).
Back
to News Review index page
Geometric
forms global CAD/CAM pact with EDS
Mumbai: The CAD/ CAM software services company
Geometric has formed a global alliance with EDS, the second
largest software services firm in the world.
Back
to News Review index page
USV
plans to launch insulin delivery system
New Delhi: The Rs 400-crore closely-held drugmaker
USV, is planning to launch a new drug delivery system
for insulin that uses a pen and cartridge to deliver insulin
at the touch of a button.
Back
to News Review index page
Honda
Siel to raise Rs 50-crore loans
New Delhi: Carmaker Honda Siel, Indian subsidiary
of Japanese auto major Honda, is looking to raise Rs 50
crore in long-term loans from domestic lenders, say senior
company officials.
Back
to News Review index page
Mastek
Q2 profits zoom to Rs 16 cr
Mumbai: The software services group Mastek reported
a 165 per cent rise in its consolidated net profit to
Rs 16.3 crore for the quarter ended December as income
from business outsourcing grew and costs fell.
Back
to News Review index page
Chambal
Fertilisers Q3 net up 103 per cent
Mumbai: Chambal Fertilisers and Chemicals, a flagship
of the KK Birla Group, has reported a net profit of Rs
76.9 crore for the third quarter ended December 31, '02
against Rs 37.8 crore in the corresponding quarter last
year an increase of 103 percent.
Back
to News Review index page
Daikin
in talks for setting up unit in India
New Delhi: The $4.5-billion Japanese air conditioning
major, Daikin Industries Ltd, is planning to set up a
manufacturing facility in India.
Back
to News Review index page
Sathavahana
Ispat resumes operations
Hyderabad:
Sathavahana Ispat Ltd (SIL), the Hyderabad-based Rs 94-crore
pig iron and granulated slag manufacturer, has resumed
plant operations at Haresamudram in Anantapur district,
after completion of relining of blast furnace and capital
repairs.
Back
to News Review index page
Calibre
makes open offer for Saptarishi Agro
New Delhi: Calibre Rehabs Ltd, which is acquiring
Saptarishi Agro Industries Ltd, a mushroom exporting unit
from Global Green Company Ltd, has made an open offer
to acquire the 20 per cent equity available with the shareholders
at Rs 1.50 per share.
Back
to News Review index page
Gestetner
closes Nasik factory
Mumbai: Gestetner India Ltd yesterday informed
the Bombay Stock Exchange that it had decided to close
its Nasik factory because of uneconomical manufacturing
operations. The closure is with effect from January 12.
Back
to News Review index page
Stake
in Chennai Petro - IOC plans stock swap with National
Iranian
New Delhi: Indian Oil Corporation Ltd, which owns
51 per cent of Chennai Petroleum Corporation Ltd, has
proposed a stock swap to acquire the National Iranian
Oil Company's stake in Chennai Petroleum Corporation (CPCL).
Back
to News Review index page
Pennar
Profiles seeks AP Govt nod to lay off workers
Hyderabad: Pennar Profiles Ltd (PPL), the ailing
aluminium profiles company belonging to the Hyderabad-based
Pennar group, has decided to reduce the manpower strength.
In a communiqué to the stock exchanges, the company
said it had submitted a proposal to the Andhra Pradesh
Government seeking its permission to retrench up to 50
workmen.
Back
to News Review index page
Kinetic
hopes to post 30 pc growth
Pune: The Pune-based two-wheeler major, Kinetic
hopes to achieve 30 per cent growth in its sales by next
fiscal when it plans to launch a special edition of its
motorcycle combined with the projected sales of its four-stroke
scooter Nova.
Back
to News Review index page
IOC
launches upgraded auto fuels in Chennai
Chennai: Indian Oil Corporation yesterday launched
higher octane petrol and additive-reinforced diesel in
Chennai. The petrol, called `IOC premium petrol' has an
octane rating of 91, as against the normal 88 octane petrol.
Back
to News Review index page
|
