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Chiron
Corpn to make India hub for S-E Asia
New Delhi: California-based vaccine manufacturer Chiron
Corporation has announced its plans to make India its
regional hub for vaccine business.
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Tata
Sons may Pick 19 per cent in Tata Elxsi at premium
Mumbai: Tata Sons has proposed to acquire 18.98 per
cent shares of Tata Elxsi at Rs 80 per share on March
24, 2003 through inter se transfer from Tata Industries,
which is also a promoter.
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Saudi
Aramco keen to bid for 34 per cent in HPCL
New Delhi: Saudi Aramco will bid for acquiring the
government’s 34.01 per cent stake in oil refiner
Hindustan Petroleum Corporation Ltd.
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Cosmo
Films plans Rs 50-cr investment to expand capacity
Mumbai: A strong export-led strategy now sees Cosmo
Films, manufacturer of thermo-plastic films, investing
afresh Rs 50 crore to expand the capacity of its Aurangabad
(Maharashtra) facility from 46,000 tons to 60,000 tons
this year.
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Entertainment
tax takes big cut
Mumbai: The film industry, particularly distributors
and exhibitors, are exuberant after three states substantially
slashed entertainment tax, raising hopes that others may
follow suit. Exhibitors in Madhya Pradesh, Chattisgarh
and Rajasthan expect the tax cut to boost box office sales.
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Angry
Indian IT pros leave Malaysia
New Delhi: Around 30 Indian software professionals
have left Malaysia, saying they were mistreated during
a police raid, and scores more were preparing to go as
well, Malaysia's opposition leader and the Indian ambassador
said on Thursday.
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MNCs
look to India for component outsourcing
New delhi: India is fast turning into a sourcing and
R&D hub for global automobile majors. MNCs like GM,
Volkswagen, Federal Mogul, Toyota and Mico are using India
as a base for sourcing auto components, R&D facilities
or even cheap cars.
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The
Park hotel to add 100 rooms, spend Rs 110 cr
Chennai: A year since its launch as Chennai's first
designer boutique hotel, The Park will be completing its
offering with a nightclub, a restaurant, a spa, a swimming
pool and another 100 rooms.
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Dunlop's
sales building gutted
Kolkata: A fire broke out at the sales and marketing
office of Dunlop India Ltd in the early hours of Thursday,
reducing the building and its adjoining godown to rubble
ash.
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BHEL
bags order from M.P.
New Delhi: Bharat Heavy Electricals Ltd (BHEL) has
bagged a Rs 1,589-crore order from Madhya Pradesh State
Electricity Board (MPSEB) to set up a 600 MW thermal unit
at Barsinghpur.
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Talks
over limited mobility draw blank
New Delhi: Talks between the cellular and basic phone
operators over the contentious limited mobility issue,
which took place here on Thursday at the initiative of
the Government, failed with both sides sticking to their
guns.
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Grasim
has no hold over L&T
Mumbai: SEBI's investigations into Grasim's acquisition
of 10.05 per cent stake in Larsen & Toubro are complete;
Grasim holds no management control in L&T
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Visaka
Ind MD to consolidate personal holdings
Hyderabad: G. Vivekanand, promoter and Managing Director
of Visaka Industries Ltd, is to further consolidate his
personal holdings by acquiring shares from his relatives.
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SAIL
expects to touch 10 mt output
Kolkata: Steel Authority of India Ltd (SAIL) expects
to touch a record annual production of 10 million tonnes
of saleable steel in the current financial year, bypassing
the previous best of 9.5 million registered in 2001-02.
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