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Chhabria's
eldest daughter claims share
Kolkata: The ongoing feud among the members of
the Chhabria family, the promoters of Shaw Wallace, has
taken a new turn with the eldest of the Chhabria daughters
- Bhavika Godhwani - writing to her grandmother Rani Rajaram,
the mother of the late Manu Chhabria, for help.
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Centre
kicks off CIWTCL sale with search for consultants
New Delhi: The privitisation of CIWTCL is gathering
momentum with the disinvestment ministry inviting expression
of interests from both domestic and international consultants
to act as advisors for the strategic sale along with handing
over of management control of the non-strategic PSU.
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Coke,
Pepsi lose fizz in Kerala with Left on anti-war overdrive
Kochi: Just as empty paddy granaries in Palakkad
(North Kerala) were being converted to Coca-Cola stockyards
in a tell-tale signpost to Keralite’s growing cola
addiction, Iraq war has suddenly changed it all.
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Cathay
cuts flights on SARS, war fears
New Delhi: Cathay Pacific has announced further
temporary reductions to flight schedules in response to
weakening passenger demand due to the Severe Acute Respiratory
Syndrome scare.
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SABMiller
moving base to Bangalore
New Delhi: SABMiller, the world's second largest
brewer, is relocating its corporate headquarters in India.
The operational base will shift from New Delhi to Bangalore,
the home turf of United Breweries, in August.
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GE
Shipping increases tanker fleet
Mumbai: With the global tanker freight market firming
up at a fast clip since the last quarter of the just ended
fiscal, GE Shipping is in the process of changing its
fleet composition so as to have a higher share of tanker
tonnage.
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Foreign
client pays Neuland Lab $1.5 m pending amount
Hyderabad: Neuland Laboratories Ltd (NLL), the
Hyderabad-based Rs 97-crore pharmaceutical company, has
received $ 1.5-million on Thursday from one of its international
customers under contractual obligations.
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BPCL
plans to use more imported crude - To reduce dependence
on ONGC
New Delhi: Bharat Petroleum Corporation Ltd (BPCL)
plans to use more of imported crude in its Mumbai refinery
to reduce the dependence on the ONGC supply.
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HLL
extends lockout in Garden Reach factory
Kolkata: The management of Hindustan Lever Ltd
has extended the lockout in its Garden Reach factory to
May 2, according to a press release issued by the company.
The lockout was declared by management on March 22 this
year.
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HML
strike goes for adjudication
Kochi: Failure of conciliation efforts to end the
strike in the Mooply Valley estate in Thrissur district
of Harrisons Malayalam Ltd has led the company to refer
the matter for adjudication.
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BBUNL
set to take Jessop sell-off issue to SC
Kolkata: Bharat Bhari Udyog Nigam Ltd (BBUNL) is
all set to take the Jessop & Company disinvestment
matter to the apex court. Sources said that this would
happen as soon as it gets the necessary papers from the
Calcutta High Court which had, on March 28 granted a stay
on the divestment till April 12.
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HCs
clear Graphic Papers merger with Ballarpur Ind
Mumbai: The legal process of the merger of BILT
Graphic Papers Ltd (BGPL), formerly Sinar Mas Pulp and
Paper India, with Ballarpur Industries Ltd (BILT) has
almost been completed, with the Mumbai High Court and
the Delhi High Court giving their assent to the proposed
scheme of amalgamation.
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Parrys
Confectionery to merge outfit
Chennai: Parry's Confectionery Ltd (PCL) plans
to amalgamate its wholly-owned subsidiary Confectionery
Specialities Ltd (CSL) with itself. CSL manufactures and
markets Chewy Orange and Mintz, and has been functioning
as a wholly-owned subsidiary for the past two years.
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Raj
TV to launch Telugu channel on May 23 - Music, news channels
on cards
Chennai: Raj TV, among the four news and entertainment
channels in Tamil Nadu, has announced that it would launch
round-the-clock music and news channels, in addition to
the general entertainment Telugu channel, Visa, on May
23, all of which would "initially" be free-to-air
channels.
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DCA
framework for selection of competition commission members
New Delhi: The Department of Company Affairs (DCA)
has announced the structural framework of the committee
that will be charged with the responsibility of selecting
the chairperson and other members of the Competition Commission
of India (CCI).
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Kirloskar
gensets conform to new pollution norms
New Delhi: The Rs 800-crore Kirloskar Oil Engines,
a leading manufacturer of gensets and diesel engine, has
become the first company in the country to achieve compliance
with the Central Pollution Control Board's (CPCB) mass
emission and smoke norms which comes in to effect in July.
The stringent norms seek to curb pollution emanating from
generators.
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Official
apathy puts revival of TRL in limbo
Kochi: The winding up of the sick Travancore Rayons
Ltd (TRL) at nearby Perumbavoor, as ordered by the Board
for Industrial and Financial Reconstruction (BIFR) and
subsequently by the Appellate Authority for Industrial
and Financial Reconstruction (AAIFR) on an appeal, might
become a reality if a final decision on the only revival
package presented by a Coimbatore-based entrepreneur is
not taken in a month's time.
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Zip
Telecom aiming at Rs 1,000-cr revenue
Mumbai: Pay phone maker Zip Telecom plans to install
around one lakh instruments in the country and grow its
revenues to Rs 1,000 crore within 12 months.
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Maruti
launches new version Alto
New Delhi: Maruti Udyog Ltd, India's largest carmaker,
on Friday announced the launch of a new limited edition
version of its small car, Alto.
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