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RPG
Group readies for recast
Kolkata: Ceat Ltd, an RPG Group company, is undertaking
a business restructuring exercise in order to become a
focused tyre manufacturer. As part of the plan, the rubber
division of Harrison Malayalam, another RPG Group entity,
will be demerged from HML and merged with Ceat.
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Nirma
plans divisions rejig
Mumbai:
Ahmedabad-based Nirma Ltd is planning a scheme
of arrangement to demerge undertakings comprising soap
stone manufacturing activities and brands division of
Nirma Industries Ltd and merge it with itself.
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L&T
bags IOC contract worth Rs 1,242 crore
Mumbai: Engineering and construction major Larsen
& Toubro has bagged a Rs 1,242 crore turnkey contract
to engineer, procure, construct and commission a Purified
Terephthalic Acid plant for Indian Oil Corporation at
Panipat, Haryana.
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Suit
against union carbide dismissed
New Delhi: A civil suit filed on behalf of the victims
of the Bhopal gas tragedy, which killed thousands in 1984,
has been dismissed by a Federal District judge.
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TCS
to get majority in JV with HDFC
Mumbai: Intelnet Global Services, a Mumbai-based BPO
firm that functions as a JV between TCS (Tata Consultancy
Services) and HDFC is considering a capital restructuring
exercise which would enable TCS to become the majority
shareholder in the entity.
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Saudi
to deliver oil come what may
New Delhi: Saudi Arabia will keep delivering oil “whatever
happens” during a war in Iraq, the country's oil
minister said in an interview published on Wednesday.
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NTPC's
Jain becomes SCOPE chairman
New Delhi: National Thermal Power Corporation chairman
and managing director CP Jain on Tuesday trounced Oil
and Natural Gas Corporation CMD Subir Raha to win the
election to the coveted post of chairman of the Standing
Conference of Public Enterprises, the apex chamber of
public sector companies.
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BHEL,
Alstom to bid for NTPC project
Mumbai: Old-time rivals Bharat Heavy Electricals Ltd
(BHEL) and French major Alstom have teamed up to bid for
National Thermal Power Corporation's (NTPC) Rs 9,000-crore
2,000 MW Sipat thermal project in Chattisgarh, according
to industry sources.
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Conmat
boost to sustainable construction
Kolkata: Conmat Technologies Pvt Ltd, a new initiative
of a group of professionals to provide knowledge-based
services to the construction sector, has networked with
the Mumbai-based National Institute of Construction Management
& Research (NICMAR).
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Silverline
seeks ADR ratio change
Hyderabad: In a significant development, the New York
Stock Exchange listed Silverline Technologies Ltd, has
filed with the United States Securities and Exchange Commission
(SEC)to allow change of ratio of shares from two per American
depository receipts (ADR) to 10 per ADR.
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HC
order upheld in Anubhav Plantations case
Chennai: The Supreme Court has given the green signal
for implementing the directive of the Madras High Court
to the Official Liquidator of the Chennai-based Anubhav
Plantations Ltd to take custody of Woodrock Hotel in Kulu
Manali,which belongs to the company and is now under liquidation
proceedings.
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Bharti
to merge cell subsidiaries
New Delhi: In yet another significant attempt to consolidate
its position in the telecom market, Bharti Televentures
Ltd is proposing to amalgamate all its five subsidiaries
for mobile service operations - Bharti Cellular Ltd, Bharti
Mobinet Ltd,Bharti Mobitel Ltd, Bharti Mobile Ltd and
Bharti Telenet Ltd - into one single entity.
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Another
revival plan likely for HPF
Coimbatore: The Government is contemplating another
revival package for the ailing Hindustan Photo Films (HPF)
at Udhagamandalam. The post-mortem decision has come after
the Board for Industrial and Financial Reconstruction
(BIFR)notified winding up of its operations and freezing
of its bank accounts on January 30. The company, however,
managed to obtain a stay against the order on freezing
of its bank accounts last month
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Tektronix
eyes Rs 100-cr turnover
New Delhi: Tektronix hopes its revenues from India
would reach Rs 100 crore in the next two years on the
back of booming telecom and electronic media industries.They
had a turnover of about Rs 80 crore in our last financial
year.
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