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Nine
Indian firms figure in Forbes list
New Delhi: Nine Indian firms, including Indian
Oil, HLL, Infosys, Reliance and Wipro have figured in
the Forbes' latest global list of finest large corporations.
Interestingly, some of the bigger names in the business
- Exxon, Ford, General Electric and Charles Schwab - failed
to make it to the list because of weak results.
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Bayer
CropScience sells pesticide brand to Cheminova for Rs
10 crore
New Delhi: Bayer CropScience India Ltd, which is
on a rationalisation and consolidation drive post-acquisition
of Aventis CorpScience by its parent Bayer AG, has recently
sold Phosalone (Zolone) pesticide to Cheminova for a consideration
of Rs 10 crore.
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Dunlop
revival held up on AAIFR nod delay
Kolkata: The Jumbo Group’s plan to revive
its ailing tyre company, Dunlop India Ltd, is gathering
dust as the Appellate Authority for Industrial and Financial
Restructuring is yet to finalise a date to hear the case.
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Two-wheeler
companies offer discounts to boost volumes
Mumbai: Two-wheeler manufacturers have resorted
to discounts in order to prop up volumes in a depressed
market. Both Hero Honda and TVS Motor Company have announced
discounts on their models.
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Gillette
to tap mass market for double-edged blades
Kolkata: Gillette India Ltd, formerly known as
Indian Shaving Products Ltd, is eyeing a sizeable portion
of the mass market for double-edged blades to boost its
bottomline during 2003.
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IA,
A-I taken off sell-off list, other PSUs targetted
New Delhi: The government on Tuesday gave a formal
burial to plans for privatisation of Air India and Indian
Airlines by striking them off the disinvestment list even
as it decided to privatise profit making Rashtriya Chemicals
and Fertilisers.
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XCyton
plans expansion to make 3 diagnostic kits
Bangalore: The Bangalore-based XCyton Diagnostics
is planning a Rs 2-crore expansion to produce at least
three PCR diagnostic kits. It is seeking funds for its
plans through venture capital funds, loan or through an
equity.
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PPN
Power closes down TN plant
Chennai: PPN Power Generating Co. Ltd has shut
down its 330-MW combined cycle power plant at Pillaiperumalnallur
in Tamil Nadu, according to official sources.
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Govt
to call fresh bids for SCI sell-off — 51 per cent
sale in RCF cleared
New Delhi: The Cabinet Committee on Disinvestment
(CCD) on Tuesday decided to invite fresh expressions of
interest (EoI) for disinvestment of 51 per cent Government
stake in the Shipping Corporation of India (SCI).
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Audit
panel chief should appoint valuers: DCA
New Delhi: An expert group appointed by the Department
of Company Affairs (DCA) for recommending guidelines on
valuation of corporate assets and shares has suggested
that the Chairman of the Audit Committee (CAC) be entrusted
with the responsibility of appointment of valuers.
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SAIL's
Rourkela plant steps up capacity utilisation
Kolkata: The Ore Bedding and Blending Plant (OBBP)
of Rourkela Steel Plant (RSP) has registered some success
in terms of capacity utilisation, despatch, screening,
unloading and other factors.
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The
ball is in Cabinet's court — Voting rights for Coca-Cola
Indian shareholders
New Delhi: The issue of voting rights for Indian
shareholders in Coca-Cola's Indian bottling subsidiary
has taken a new turn. It will now have to be decided at
the Cabinet level.
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