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Tata
Engg rolls out Indigo Station Wagon
Mumbai: Tata Engineering unveiled the Tata Indigo
Station Wagon at the Geneva Auto Show on Tuesday. The
car was unveiled by Telco chairman Ratan Tata.
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MSEB
pegs 4,784 MU power purchase from DPC-I in 2003-2004
Mumbai: Even though a solution to the distressed Dabhol
project is not yet in sight, the problem-ridden Maharashtra
State Electricity Board has estimated purchase of 4,784
million units of power from Dabhol phase-I (658 mw) at
75 per cent plant load factor, at a per unit tariff of
Rs 3.31 during 2003-04.
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Southern
Cement-makers pass on excise duty hike to consumers
Chennai: Cement companies in the south have promptly
passed on the increase in excise duty to the consumers.
With effect from March 1, 2003, all the players in the
region have effected a hike of Rs 2.50 per bag equivalent
to the Rs 50 per tonne increase in the excise duty on
cement.
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Shareholders
approve BGPL, Bilt merger
New Delhi: The shareholders and creditors of Ballarpur
Industries Limited have approved the merger of Bilt Graphic
Papers Limited (erstwhile Sinar Mas Pulp & Paper India
Ltd) into Bilt.
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Germany
to stop green cards to IT pros
New Delhi: The German government has decided to stop
issuing green cards to information technology professionals
from July 31, '03. This is likely to be a big blow to
Indian IT companies with operations in Germany, all of
whom have ambitious plans for this market.
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Firms
may be allowed to raise ECB to settle NPAs
New Delhi: The ministry of finance is debating whether
to allow corporates whose assets have been classified
as NPAs by banks and FIs permission to borrow money in
the form of ECBs to settle their NPAs with the institutions.
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PRO
FX ties up with KEF Audio, Celestion
New Delhi: PRO FX, the high-end audio entertainment
brand promoted by BPL Ltd, has entered into a strategic
partnership with KEF Audio UK Ltd and Celestion to launch
a new range of hi-fi audio loud speaker and home theatre
systems.
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Biogenus,
NIO sign pact for blue revolution
Hyderabad: Biogenus Inc, the Colorado-based biotechnology
company and the National Institute of Oceanography (NIO),
Goa have signed a memorandum of understanding (MoU) in
New Delhi on Tuesday for aquaculture, marine biotechnology
and industrial enzymes in coastal management.
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SAIL
urged to review Salem Steel sell-off
Coimbatore: The Steel Executives Federation of India
(SEFI), the apex body of executives employed in the steel
plants owned by Steel Authority of India (SAIL), has urged
the SAIL authorities to try out the in-house schemes for
revival of the Salem Steel Plant (SSP) and not resort
to any "distress sale" of the plant.
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Dabur
charts big plans for FMCG biz
New Delhi: The Rs 1,163-crore Dabur India Ltd is set
to scale up its FMCG business, about a month after it
formally announced the demerger of its pharmaceutical
business from its FMCG business.
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Exide
eyeing global arena to boost sales
New Delhi: Automative batteries manufacturer, Exide
Industries Ltd, is looking at international markets to
provide a boost to its sales in the near future. The company
has marketing tie-ups with firms in the Netherlands and
the UK (where it has a 51:49 joint venture with the British
firm ESAP) to sell its batteries in Europe.
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