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Indo
Gulf, Deepak Fertilisers in race to acquire majority stake
in FACT
Mumbai: The AV Birla Group company Indo Gulf Fertilisers
Ltd and Pune-based Deepak Fertilisers and Petrochemicals
Corporation Ltd, are in race to acquire a majority stake
in state- run Fertilizers and Chemicals Travancore Ltd,
where the government intends to disinvest 51 per cent
of the equity share capital.
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Tata
Steel may have to compensate ICCL for breaching supply
contract
Mumbai: Tata Steel may have to pay a hefty consideration
to Indian Charge Chrome Ltd for renegading on a contract
for supply of raw material to ICCL, as the court appointed
umpire has upheld most of the arguments put up by ICCL.
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Bajaj
Auto plans three scooters in 2004-05
Mumbai: Two-wheeler major Bajaj Auto Ltd is still
betting big on scooters and working on plans to launch
three new geared scooters.
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P&G
Co’s move to buy Wella unlikely
to have impact on Indian arm
Mumbai: The Cincinnati-based Procter & Gamble
Company’s move to purchase a controlling interest
from the majority shareholders of Wella AG, is expected
to have little immediate impact on the Indian subsidiary,
Procter & Gamble Hygiene and Healthcare.
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Maruti
plans to launch Omni Cargo soon
New Delhi: Faced with a slowing down of demand
for its Omni van, Maruti Udyog Ltd (MUL) is drawing up
a strategy to identify new applications for the vehicle.
The car manufacturer is set to launch the Omni Cargo,
a two-seater load- carrying version of the multi-purpose
vehicle later this month.
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BASF
plans to acquire assets of Fipronil biz
Mumbai: BASF India Ltd is considering acquiring
businesses mainly assets pertaining to Fipronil, a crop-protection
product, in India. A notification on the BSE said that
the board of directors of the company would meet on March
24 to consider the acquisition of assets pertaining to
the Fipronil business.
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Standing
out in concrete
Mumbai: L&T's ECC Division has won international
awards for construction, the most recent being the award
for "Outstanding Concrete Structure" for its
`Tree of Knowledge' building.
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Keltron
develops high capacity UPS for NPCIL
Kochi: The public sector Kerala State Electronics
Development Corporation (Keltron), a leading player in
the high-capacity UPS market, has, for the first time
in the country, successfully developed a 600 kVA uninterrupted
power supply system (UPS) for deployment with Nuclear
Power Corporation of India Ltd (NPCIL).
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