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GE
Shipping inks deal with Hyundai Ind Co
Mumbai: Great Eastern Shipping has entered into a
contract with Hyundai Heavy Industries Company Ltd, South
Korea to build a 1,50,000 dead weight tonnage Suezmax
crude carrier.
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Chevrolet
Forester to hit India on March 10
Bangalore: General Motors India on Monday unveiled
the Chevrolet Forester, a sports utility vehicle (SUV),
as part of its efforts to emerge as a leading player in
the Indian automobile market over the next three years.
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Amtrex
Hitachi changes name
New Delhi: Amtrex Hitachi Ltd (AHA), a leading air-conditioner
company in the country will be re-christened as Hitachi
Home & Life Solutions (India) Ltd subject to statutory
approvals.
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Honda
Siel cuts prices
New Delhi: Honda Siel Cars India has reduced the prices
of its cars, following the eight per cent reduction in
excise duty announced in the Budget 2003-04. The prices
of Honda cars have been reduced in the range of Rs 27,000-35,000
for the Honda City models and up to Rs 65,000 for Honda
Accord.
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Essar
Oil to reschedule NCD payment
Mumbai: Essar Oil Ltd proposes to reschedule the redemption
of principal and interest payments on its 14 per cent
non-convertible debentures (NCD) scheme.The company had
raised around Rs 500 crore through the NCD issue in the
mid-90s to fund its refinery project.
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Birlas
to get 9-month price protection
Mumbai: The Birlas, while offloading their equity
in the ailing Mangalore Refineries and Petrochemicals
Ltd (MRPL) to Oil and Natural Gas Corporation Ltd (ONGC),have
managed to bargain for a provision to protect their sale
price of Rs 2 per share.
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Ranbaxy
gets tentative US nod for BP drug
Mumbai: Pharma major Ranbaxy Laboratories Ltd (RLL)
has received tentative clearance to market the bio-equivalent
of Lotensin, the hypertension drug from Novartis Pharmaceuticals
Ltd.
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Dabur
Foods loses Tang; Kraft snaps ties
New Delhi: Kraft Foods, which has had a distribution
alliance with Dabur Foods since April 2001, has decided
to call off the arrangement.
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Apollo
to roll out truck tyres designed for southern roads
New Delhi: In a bid to bolster its position in the
South, tyre manufacturer Apollo Tyres Ltd is planning
variants of its truck tyres specially developed for the
region.
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GACL
board okays rights issue
New Delhi: The board of Gujarat Alkalies and Chemicals
Ltd (GACL) has approved a proposal for making a rights
issue of equity shares in the ratio of three new equity
shares of Rs 10 each at a premium of Rs 2.50per share
for every five existing equity shares held in the company.
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Dabur
Real gets HACCP certification
New Delhi: Dabur Foods' Real fruit juice has been
given the SGS (Societe Generale de Surveillance) certifications
of high-safety standards conforming to Hazard Analysis
& Critical Control Point (HACCP) and Good Manufacturing
Practice (GMP), a company release added.
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LML
February sales jump on `Freedom'
New Delhi: Riding on the success of its recently launched
bike `Freedom', two-wheeler manufacturer, LML has recorded
a 407 per cent jump in motorcycle sales to 18,815 units
in February 2003 as against 3,708 units in the corresponding
month in the previous year.
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