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Binny
promoters challenge BIFR order on property sale
Mumbai: The promoters of Binny Ltd have challenged
the Board for Industrial and Financial Reconstruction’s
order restraining the Industrial Development Bank of India
- led consortium from selling the company’s real
estate property to two private parties.
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MUL
offers ‘loyalty bonus’ in exchange for new model
New Delhi: Maruti Udyog Limited has kicked off the
financial year by rewarding existing Maruti vehicle owners
with a ‘loyalty bonus’ ranging from Rs 8,000
to Rs 25,000 on exchange of their cars for a new Zen,
WagonR, Alto, Esteem or Baleno.
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Maruti
800 records its highest sales since debut
New Delhi: Maruti Udyog Ltd on Friday announced that
sales of its flagship model Maruti 800 crossed 20,000
units in March 2003, highest ever since its debut.
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Satyam,
Hummingbird tie up for data integration centre
Chennai: Satyam Computer Services Ltd has joined hands
with the Canada-based Hummingbird, a developer of Enterprise
Information Management Systems on Friday to launch an
ETL/BI (data extract, transformation and load) competency
centre in Singapore.
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SRL
Ranbaxy offers services to combat SARS
Mumbai: SRL Ranbaxy Ltd on Friday announced an exclusive
panel of tests available with it to detect the candidate
virus of severe acute respiratory syndrome (SARS). The
company has approached the Ministry of Health and will
be submitting a formal proposition to the Minister concerned,
Sushma Swaraj, offering its services to combat SARS.
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Roaming
charges may double, SMS to go up
New Delhi: There could be bad news for roamers next
week. Cellular roaming charges could double from the present
Rs 1.49 a minute to Rs 2.99 per minute after April 7.
SMS roaming charges could also rise from Rs 1.49 per message
to Rs 2 per message.
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DTH
is here, for Rs 5,000
Mumbai: Direct-to-home will become a reality in the
next hundred days. On Friday, Zee promoter Subhash Chandra's
ASC Enterprises became the first company to get the nod
for a new option to cable TV.
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Honda
Motor to import two-wheeler built units — Changes
royalty payment norms
New Delhi: Honda Motorcycle & Scooter India Pvt
Ltd (HMSIL) has decided to import two-wheelers as completely-built
units (CBUs) and has set a new royalty payment mechanism
to its parent company in Japan.
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UB
group may seek damages if BMRTL is terminated
Mumbai: Sources claimed that UB group has burnt a
lot of cash in attempting to get the originally envisaged
ELRTS project off the ground. Though the company officials
did not detail the money spent on the project, it is estimated
to be upwards of Rs 6 crore.
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Calcutta
HC ruling on MAMC workers' dues settlement
Kolkata: A Division bench of the Calcutta High Court
comprising Justice A. Kabir, and Justice A.K. Basu, directed
the official liquidator of the Calcutta High Court to
arrange for publication of notices in newspapers with
regard to the scheme of State of West Bengal vis-a-vis
the settlement of claims of the Mining and Allied Machinery
Co Ltd (MAMC) Retired and Superannuated Employees' Association.
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Xerox
Modicorp case — Independent investigator wants DCA
to widen scope of probe
New Delhi: The independent investigator into the scam
involving payoffs by Xerox Modicorp Ltd has sought permission
from the Department of Company Affairs (DCA) to widen
the scope of investigations, including a probe into the
role of foreign representatives in the board of the company
at the time of the alleged incident.
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Travancore
Rayons revival hanging fire
Kochi: Compelled by the uncertainty hovering over
the revival of Travancore Rayons Ltd at nearby Perumbavoor,
the Rayons Protection Council (RPC) has decided to take
out a protest march to the State Secretariat in Thiruvananthapuram
on April 8 to be followed by a `dharna'.
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BEML
turnover up 17 pc at Rs 1,675 cr
Chennai: Bharat Earth Movers Ltd has posted a record
sales turnover of Rs 1,675 crore for the year ended March
31, 2003 achieving a growth of 17.63 per cent over the
previous year's turnover.
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BHEL
Haridwar net tops Rs 100 cr
New Delhi:The Haridwar unit of Bharat Heavy Electricals
Ltd (BHEL) has earned a profit of Rs 102 crore in fiscal
2002-03, marking an increase of 57 per cent over that
in the previous year. Back
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