|
Elgi
on the prowl for overseas acquisitions
New Delhi: Elgi Equipments Ltd, manufacturer of
compressors, automotive equipment and diesel engines,
has drawn up growth plans to be a global player in its
core products through its vision plan, ‘Horizon 2005’.
Back
to News Review index page
Sara
Lee Corp to go solo in Indian apparel venture
New Delhi: Chicago-based diversified multinational
Sara Lee Corporation plans to foray into the apparel market
in India, after its success in the household insecticides
and bodycare businesses.
Back
to News Review index page
SSI
nominees to join new-look Aptech board
Chennai: The board of directors of Aptech Ltd has
been reconstituted to reflect SSI’s investment in
Aptech.
Back
to News Review index page
IIT
Mumbai honours its illustrious alumni
Mumbai: Indian Institute Of Technology Mumbai,
on Monday honoured leading corporate bigwigs who were
alumni of the institute as part of its Foundation Day
celebrations at the IIT campus, Powai.
Back
to News Review index page
Refiners
crank up exports as war clouds loom large
New Delhi: Indian oil refiners lead by Reliance
are stepping up exports of gasoline, diesel and jet fuel,
realising bumper margins, as the US and Iraq head towards
war. Exports from India are booming, even as traditional
suppliers in the Arabian Gulf have tightened supplies,
traders said.
Back
to News Review index page
RIL
makes gas supply offer to all IPPs
Mumbai: The sources said the RIL proposal would
cut power tariffs up to Rs 3 a unit, inclusive of both
variable and fixed costs if the three operating IPPs switched
over to gas. Currently, all these IPPs, equivalent to
about 350 mw, are all naphtha-based wit h a tariff of
up to Rs 5 per unit.
Back
to News Review index page
New
welding technique helps L&T save Rs 36 cr
Mumbai: A new welding technique has not only helped
to repair a crack in the limestone kiln of Larsen &
Toubro Ltd's 1.1-million-tonne cement manufacturing plant
at Awarpur, Maharashtra, but has also plugged a revenue
loss of Rs 36 crore.
Back
to News Review index page
Tata
Power, BP to jointly bid for Dabhol
Mumbai: Tata Power Company Ltd (TPC) and BP Plc
plan to jointly bid for the $3-billion Dabhol gas and
power project in Maharashtra. TPC, India's largest private
sector power company, on Monday told the stock exchanges
that it has entered an agreement with BP Global Investments
Ltd, UK to jointly evaluate the Dabhol gas and power opportunity.
Back
to News Review index page
Ashok
Leyland plans to cut 1,000 jobs
Chennai: Ashok Leyland, manufacturer of commercial
vehicles, said on Monday that it planned to reduce its
workforce by around 1,000 during 2003-04.
Back
to News Review index page
Shaw
Wallace may split beer with SABMiller - Says value unlocked
will be shared with Bhavika
Kolkata: Shaw Wallace & Co Ltd, part of the
Jumbo Group empire, is prepared to divest up to 50 per
cent stake in its beer business to SABMiller, the world's
second largest brewer.
Back
to News Review index page
Morepen
gets GDR nod; spins off arm
New Delhi: Morepen Laboratories Ltd (MLL) has received
the green signal for its global depositary receipts (GDR)
issue. At the company's board meeting here on Monday,
the approval was given for its GDR issue, besides a decision
being taken to spin off its wholly-owned subsidiary, Dr
Morepen Ltd.
Back
to News Review index page
A.V.
Birla group set for overhaul - Cement,
metals, fertilisers to remain in focus
Mumbai: The Aditya Birla group on Monday announced
an overhaul of its various businesses, revealing a plan
to consolidate most of them and restructure a few.Cement,
metals and fertilisers will continue to be at the forefront
of the group's growth plans, while areas like textiles
will be kept outside the core.
Back
to News Review index page
DFHI
all set to acquire SBI Gilts
Mumbai: Discount and Finance House India Ltd (DFHI)
would soon take over SBI Gilts Ltd, creating the country's
largest primary dealership (PD) entity, with a combined
net worth of nearly Rs 1,000 crore and a portfolio of
more than Rs 2,000 crore.
Back
to News Review index page
Seven
cos join race for Braithwaite stake
New Delhi: Altogether seven companies, including
an overseas corporate, have joined the race for acquiring
a 74 per cent share in the equity of Braithwaite &
Company Ltd (BWT), a subsidiary of Bharat Bhari Udyog
Nigam Ltd (BBUNL).
Back
to News Review index page
Coca-Cola
ties up with Goodricke for tea supply
New Delhi: Coca-Cola India has entered into an exclusive
agreement with Goodricke Group Ltd for procurement of
teas that would be needed by the cola major for its recently
launched `Georgia' brand of tea.
Back
to News Review index page
Consulting
projects: ISB, Wharton tie up
Hyderabad: The Hyderabad-based Indian School of
Business (ISB) has tied up with its partner institute,
the Wharton School, University of Pennsylvania, on student
consultation projects for companies in India and abroad.
Back
to News Review index page
Munjal
Auto ceases to be a sick company
New Delhi: Munjal Auto Industries Ltd (MAIL), the
erstwhile Gujarat Cycles Ltd, promoted by the Hero Group,
has been discharged from the purview of the Board for
Industrial and Financial Reconstruction (BIFR).
Back
to News Review index page
Durgapur
Steel exports to cross 1 lakh tonnes
Kolkata: Durgapur Steel Plant (DSP), which has
already exported 83,600 tonnes of steel this fiscal, has
in hand orders in excess of 30,000 tonnes this month,
which will enable the company to cross the one-lakh-tonne
mark in exports.
Back
to News Review index page
|
