|
Trai
tells cellcos to justify low STD tariffs
New Delhi: A move by the telecom regulator to enforce
fair competition in the national long distance segment
promises to kick up a storm in the already turbulent world
of cellular tariffs.
Back
to News Review index page
Jindal
Strips in debt recast mode, to be EVA positive by fiscal-end
New Delhi: The Jindal Strips Ltd is on a drive to
convert high-cost debt with low-cost ones as part of its
overall restructuring exercise. The company is aiming
to turn economic value added -positive by the end of the
current fiscal.
Back
to News Review index page
Andhra
Pradesh govt okays sale of Sponge Iron
Hyderabad: In a major boost to the disinvestment
process of Sponge Iron India Ltd, the Attorney General
of India has recently given his consent to the controversial
change of ownership of tribal land to non-tribal parties,
which prevented the company from going ahead with the
divestment.
Back
to News Review index page
TVS
Motor proposes Rs 500-cr production unit in Karnataka
Bangalore: TVS Motor Company Ltd has proposed to set
up a Rs 500 crore new facility at Nanjangud in Mysore
district, Karnataka, for manufacture of two- wheelers,
three/four-wheel (quadra cycles) automotive vehicles of
five lakh numbers per annum, according to a senior Karnataka
minister.
Back
to News Review index page
Sona
Koyo net rises 27 per cent to Rs 6 crore in 2002-2003
New Delhi: Sona Koyo Steering Systems Ltd has recorded
a rise of 27 per cent in net profit to Rs 6.06 crore for
the year ended March 31, 2003 as against Rs 4.77 crore
for the previous year.
Back
to News Review index page
Merck
to sell Taloja plant
Mumbai: PHARMA firm, Merck Ltd is to sell its Taloja
facility. The board of directors of the company made the
decision at a meeting held last week.
Back
to News Review index page
Panel
asks Govt to expedite work on NCLT
New Delhi: The Standing Committee on Finance has asked
the Government to expedite the enforcement of Companies
(Amendment) Act, 2002, which lays down provision for establishment
of a National Company Law Tribunal (NCLT).
Back
to News Review index page
Tata
SSL merged with Tata Steel
Mumbai: Tata SSL Ltd has been amalgamated with Tata
Steel. The companies have filed with Registrar of Companies,
Maharashtra, certified copies of the Bombay High Court
orders approving the merger.
Back
to News Review index page
Kothari
Petro's caustic soda unit — Chemplast plans capacity
expansion after takeover
Mumbai: Chemplast Sanmar Ltd, which is close to formalising
a deal to takeover the caustic soda unit of Kothari Petrochemicals
Ltd, proposes to invest about Rs 15-20 crore in capacity
expansion, after the takeover.
Back
to News Review index page Currency converter
Vimta
plans to set up more labs
Hyderabad: Buoyed by over 75 per cent growth in its
revenues for the latest fiscal, mostly from bio-equivalent
studies on humans for pharmaceutical companies, Vimta
Labs Ltd (VLL), the Hyderabad-based contract research
and testing company, has decided to go aggressive on offering
its laboratory services across the country.
Back
to News Review index page Currency converter
Hitachi
Home BIFR-bound — Peak net worth erodes 50 pc
New Delhi: HitachiI Home & Life Solutions (India)
Ltd, air-conditioning equipment manufacturer, has witnessed
erosion of more than 50 per cent of the peak net worth
during the preceding four financial years and the company
is set to report this to the Board for Industrial and
Financial Reconstruction.
Back
to News Review index page Currency converter
Supply
pinch: Toyota-Kirloskar, Kinetic Engg halt production
Mumbai: Toyota-Kirloskar Motor Company and Kinetic
Engineering became the first victims of the nine-day-old
truckers' strike, with both companies shutting down their
factories.
Back
to News Review index page Currency converter
Punjab
Tractors: Drought, fall in sales to blame
New Delhi: Punjab Tractors Ltd's (PTL) performance
during the just ended fiscal is indicative of the difficult
times that the tractors and farm equipment sector is going
through. The drought and the resultant drop in tractor
sales had led to an over 38 per cent drop in PTL's net
operating revenue during 2002-03 compared to the previous
fiscal.
Back
to News Review index page Currency converter
|
