|
Balrampur
Chini moves IFC for $15 million to fund expansion
New Delhi: Sugar major Balrampur Chini Mills Ltd
(BCML) is likely to get a $15 million (Rs 75 crore approximately)
Indian currency denominated long-term credit line from
the International Finance Corporation (IFC) to part fund
its $44 million (Rs 220 crore approximately) expansion
plan.
Back
to News Review index page
Hindustan
Lever to convert its Nepal arm into Mini-HLL
Mumbai: Consumer products major Hindustan Lever
Ltd (HLL) plans to beef up its operations in Nepal and
make its subsidiary Nepal Lever Ltd into a ‘Mini-HLL’.
Back
to News Review index page
SBIL to review
cap reduction
New Delhi: The board of Schenectady-Beck India
Ltd will review its capital reduction programme following
the divestment of the electrical insulation system business
globally by Schenectady International Inc to Altana Chemie
AG.
Back
to News Review index page
Targacept
clinical trials on resistance depression in India
New Delhi: The US-based Targacept Inc, which is
into neuronal nicotinic receptor-based pharmaceutical
R&D, has chosen India as one of the two sites for
its phase-III clinical trials on patients with resistance
depression.
Back
to News Review index page
Inmarsat
to launch satellite broadband services
New Delhi: The London-based satellite communications
major Inmarsat will soon launch mobile broadband services
in India. The services will be Internet protocol-based
and would enable speeds to the tune of 144kbps.
Back
to News Review index page
Results
of 447 FDI firms show deceleration in FY-01
Mumbai: The financial results of 447 companies
that made foreign direct investment in India revealed
deceleration in their 2000-01 performance compared to
the previous fiscal.
Back
to News Review index page
Cobra
Beer to set up greenfield project
Hyderabad: Cobra Beer, UK's largest selling Indian
beer plans to set up a `greenfield' brewery project in
Andhra Pradesh, preferably in Hyderabad, with an estimated
investment to the tune of $10 million.
Back
to News Review index page
Open
offer for 20 per cent L&T stake — Grasim expects
SEBI approval next week
Mumbai: Grasim's renewed open offer for 20 per
cent stake in Larsen & Toubro (L&T) is likely
to be cleared by the Securities and Exchange Board of
India (SEBI) next week.
Back
to News Review index page
GE
hopes for Dabhol solution in six months
Mumbai: Global financial services and heavy engineering
giant GE hopes that a solution to the controversy surrounding
the Dabhol power project in Maharashtra would be resolved
in the next six months, paving the way for restarting
the plant.
Back
to News Review index page
Lakshmi
Auto `under revamp'
Chennai: The recent decision of Lakshmi Auto Components
Ltd (LAC) to acquire the entire paid-up equity capital
of 2.5 lakh equity shares of Rs 10 each at par, of Sundaram
Auto Components Ltd (SACL), an unlisted company is linked
to restructuring of the component business portfolio of
the former, according to sources close to the TVS Group.
Back
to News Review index page
Tatas
hike stake in Trent to 28 per cent
Mumbai: Tata group companies have hiked their stake
in retailing company, Trent, in the last quarter through
market purchases. The holding of the group has increased
by 1.86 per cent from 26.48 per cent at the end of December
2002 to 28.34 per cent at the end of March 2003.
Back
to News Review index page
Italian
textile major sets up facility in India
Mumbai: Tessitura Monti India Pvt Ltd, part of
Tessitura Monti, a textile major in Italy, has set up
a project in Kolhapur, Maharashtra that will produce 16,500
metres of fabric a day.
Back
to News Review index page
Maocaro
likely to be rechristened
New Delhi: The Manufacturing and Other Companies
(Auditor's Report) Order (Maocaro) is likely to undergo
a change in nomenclature to Companies (Auditor's Report)
Order (Caro).
Back
to News Review index page
Notice
ordered for Sol Pharma wind-up
New Delhi: After attempts to revive the ailing
Sol Pharmaceuticals Ltd (SPL) have not received the desired
response, the Board for Industrial and Financial Reconstruction
(BIFR) has directed issuance of a show-cause notice (SCN)
for winding up the company.
Back
to News Review index page
Yamaha
Motor sets sales target of 4.5 lakh bikes
New Delhi: Yamaha Motor India Pvt. Ltd has set
a sales target of 4.5 lakh vehicles for the year 2003
compared with 3.2 lakh vehicles sold in 2002. Of the 4.5-lakh
vehicles, 50,000 units were aimed for the export markets,
Rahul Bhatnagar, Zonal Manager, , Western Zone, Yamaha
Motor India Pvt. Ltd, said.
Back
to News Review index page
Travelex
to hold 60 per cent stake in JV with Kuoni
New Delhi: US forex giant, Travelex, will hold
a majority stake of 60 per cent in its new forex joint
venture with Swiss travel major, Kuoni.
Back
to News Review index page
|
