Maharashtra snaps JV with Wockhardt for Rs 87-crore super-specialty hospital
Mumbai: The Maharashtra government has taken a decision to terminate its joint venture agreement with Wockhardt for setting up a super speciality hospital at GT Hospital in South Mumbai with an investment of Rs 87 crore.
Back to News Review index page  

Cochin Port Trust resolves single buoy mooring issues with Kochi Refineries
Kochi: Cochin Port Trust and Kochi Refineries Ltd seem to have buried the hatchet over mooring facilities for the latter. According to officials in know of things, a joint declaration on the proposal to have the single buoy mooring facility on the port premises is to be made soon.
Back to News Review index page  

BSNL may not hike rentals
New Delhi: Bharat Sanchar Nigam Ltd is unlikely to increase its rentals for subscribers after April 1. It may be recalled that this is the deadline for basic service operators to reduce their pulse rate and increase rentals as per the latest Telecommunications Tariff Order as laid out by the Trai.
Back to News Review index page  

DRL files ANDA with US FDA for Fexofenadine
Hyderabad: In yet another move to consolidate the US generic market, Dr Reddy’s Laboratories has filed an abbreviated new drug application with the US FDA for Fexofenadine HCl Tablets of 30 mg, 60 mg and 180 mg.
Back to News Review index page  

DSP Merrill net down 2.2 per cent
Mumbai: DSP Merrill Lynch Ltd has reported a 2.16 per cent fall in its net profit at Rs 89.38 crore for the year ended March 31, 2002, compared to Rs 91.36 crore in the previous year.
Back to News Review index page  

RIL to recall 5 lakh LG handsets
Mumbai: Reliance Infocomm has recalled some of the CDMA handsets supplied by LG Electronics due to a technical fault in these phones. LG had supplied two different models, out of which one will be withdrawn, according to a recent Morgan Stanley Dean Witter report.
Back to News Review index page  

Dunlop to start rolling again
Kolkata: It seems Dunlop India will see better days again. With all creditors backing the draft rehabilitation scheme, the revival of ailing tyre company appears to be finally in sight.
Back to News Review index page  

No Coke, danke, we're Deutsch
New Delhi: No more Coca-Cola or Budweiser, no Marlboro, no American whisky or even American Express cards — a growing number of restaurants in Germany are taking everything American off their menus to protest the Iraq war
Back to News Review index page  

Pharma sales dip first time in 2 years
Mumbai: After two years of growth, the pharma industry has hit a bad patch in February ‘03 with a negative growth of 1.4 per cent.
Back to News Review index page  

Exports of call: it's a two-way street for now
New Delhi: India Inc is again face-to-face with the dragon in the export market. While vessels using Indian ports at JNPT, Mumbai and Kandla have been included in the sensitive zone for payment of war-risk premium, ports in China and Singapore have been left out
Back to News Review index page  

Apollo Tyres mulls sourcing from Russia
New Delhi: Apollo Tyres Ltd (ATL) is looking at Russia as a new alternative source for supply of synthetic rubber, according to Neeraj .S. Kanwar, chief operating officer.
Back to News Review index page  

Skoda India advances CKD assembly plan
Mumbai: Skoda Auto India Pvt Ltd has advanced its programme of switching over to assembling completely knocked down (CKD) kits at its Aurangabad plant.
Back to News Review index page  

Court rejects BPL chief's plea to lift attachment of assets
Bangalore: A Trial court has rejected a plea made by T.P.G. Nambiar, the promoter-Chairman of the BPL Group,to lift a conditional attachment on the movable and immovable assets held by him, including shares in group companies, following a clutch of civil suits filed by creditors of BPL Sanyo Finance Ltd for recovery of dues.
Back to News Review index page  

Electrolux plans to hive off Hyderabad plant
Hyderabad: Electrolux Kelvinator Ltd proposes to sell, lease, transfer and/or dispose off its Sanathnagar plant located here. The company also proposes to dispose off all the fixed assets including the land on which they are situated, the infrastructure facilities, auxiliaries and utilities attached to the plant either in whole or in part, according to a communiqué sent to the stock exchanges.
Back to News Review index page  

GAIL plans to invest Rs 20,000 cr for grid
New Delhi: GAIL (India) Ltd has planned investments of Rs 18,000-20,000 crore towards completion of its planned national gas grid of over 12,000 km over the next five years.
Back to News Review index page  

Tata Steel board approves capacity expansion
Mumbai: Tata Steel on Wednesday informed the BSE that its board had approved in principle a scheme for installing balancing facilities for increasing the production of crude steel from 4 million tonnes per annum (mtpa) to 5 mtpa at an estimated cost of Rs 1,995 crore.
Back to News Review index page  

Taj Bengal, Chennai cos tie up for WiFi tech
Kolkata: Taj Bengal, a property of the Taj Group of Hotels, has forged a tie-up with the Chennai-based Microsense Pvt Ltd and Convergent Communications, to offer wireless broadband connectivity to residents of the hotel here.
Back to News Review index page  

Brazil's Dedini ties up with Uttam Group for fuel alcohol tech
New Delhi: The Brazilian engineering major, which is the world's largest supplier of alcohol distillation plants, has tied-up with the Rs 225-crore Ghaziabad-based Uttam Group to offer domestic sugar mills `flexible technologies and complete turnkey solutions' for manufacture of fuel alcohol.
Back to News Review index page  

Mico recalls Bosch saws
New Delhi: The power tool division of Mico on Wednesday announced that it has recalled the cut-off saws of the Bosch brand sold since 2002 to various customers as it had a small technical flaw.
Back to News Review index page  

Editorial, management control in Indian hands — News channels uplink norms put in place
New Delhi: April 1, 2003 may finally see an additional half-a-dozen news channels going on air with the government on Wednesday finally announcing guidelines for news channels planning to uplink from India.While the Government has capped foreign investment at 26 per cent, it has taken steps to ensure that management and editorial control of such channels remain in the hands of Indians.
Back to News Review index page  

BPL Mobile, Escotel, RPG, Spice Telecom forge alliance
New Delhi: Four cellular operators in the country - each with moderately large footprints - have formed an operational alliance that would compare with the pan-India presence of the largest operators in the country.
Back to News Review index page