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TAFE
in race for 24 per cent in Punjab Tractors
New Delhi: Tractor and Farm Equipment Ltd (TAFE),
part of the Chennai-based Amalgamation Group, in association
with its technical partner and the US
tractor-maker AGCO, has joined the race for picking up
the Punjab government’s 23.5 per cent equity stake
in the Punjab Tractors Ltd.
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McCann
Erickson’s coke campaign bags triple a ‘Campaign
Of The Year’ awards
Mumbai: The Adverting Agencies Association of India
kickstarted the awards
season by presenting the ‘Eighth Triple A Awards’
for outstanding
advertising in the year 2002 at a glitzy function held
at Taj Lands End in Mumbai.
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World
hotel body opens India chapter
New Delhi: The Hotel & Catering International
Management Association, the UK-based professional body
for the hospitality industry, has made its foray into
India by launching its Western Indian Chapter in Mumbai.
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Virgin
awaits Govg nod for flight capacity addition
New Delhi: Virgin Atlantic Airways is hoping to get
additional flights between Indian cities and London but
is still committed to this market for the long term as
its twice weekly operations are anyway sustainable.
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Outsourcing
bill may drop India name
New Delhi: The New Jersey Bill, which would have prevented
outsourcing of the state government’s projects to
India, has been postponed due to lobbying by the Information
Technology Association of America and Nasscom.
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BG
group eyes LNG deal for NTPC project
New Delhi: The BG group, one of cheapest producers
of liquefied natural gas (LNG) in the world market,is
eyeing supply of three million tonnes per annum of LNG
to National Thermal Power Corporation's (NTPC) four proposed
power projects in Western India, aggregating a capacity
of 2,600 MW.
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Sundaram
Brake to offer asbestos-free linings
Mumbai: Sundaram Brake Linings Ltd (SBL), part of
the TVS group, will work towards offering asbestos-free
brake linings for the entire range of vehicles in India
before January 2004.
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Bajaj
Auto set to unveil new engine technology
Mumbai: Two-wheeler major Bajaj Auto Ltd (BAL) is
all set to unveil a new engine technology in the under
250cc category,which will significantly change industry
paradigms.
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Tata
Tea (GB) recasts debt
Kolkata: The new debt comprises three tranches, all
of them senior, of which tranche A is worth £90-million
sterling and subject to bi-annual repayment over seven
years. The balance two tranches of £42-million sterling
each are subject to bullet repayments be tween seven,
eight and nine years.
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Jubilant
to buy UDV plant for Rs 2.75 cr
Mumbai: Jubilant Organosys Ltd will consolidate its
manufacturing infrastructure located at Nira near Pune
by acquiring the potable alcohol manufacturing and bottling
plant of UDV India Ltd, which is located within Jubilant's
own facilities.
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Asahi,
Floatglass shareholders meet on March 29
Mumbai: Shareholders and unsecured creditors of Asahi
India Glass Ltd (AIGL) are to meet on March 29 to consider
approval of the proposed scheme of amalgamation of Floatglass
India Ltd (FGI) with the company, according to a top company
official.
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Kolkata
co asked to submit revival package for Triveni
New Delhi: With a clear intention of rehabilitation'
rather than `winding up' on its mind, the Board for Industrial
and Financial Reconstruction (BIFR), while considering
the show-cause notice (SCN) issued for winding up Triveni
Structurals Ltd (TSL), has directed the Kolkata-based
Techno Electric & Engineering Co Ltd (TEECL) to submit
a rehabilitation proposal for TSL by March
21.
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Bajaj
Auto sales to fall short of target
Mumbai: Bajaj Auto on Friday said that it would fall
short of its target of selling 1.5 million two and three-wheelers
in the current financial year by a marginal amount.
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Vizag
Steel Plant achieves Rs 4,289-cr sales
Vizag: Visakhapatnam Steel Plant (Rashtriya Ispat
Nigam Ltd) achieved sales of Rs 4,289 crore during 11
months of the current financial year (April 2002 to March
2003), registering 22 per cent growth over the figures
during the corresponding period last year.
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