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RIL
to begin petrol retailing by June
New Delhi: Reliance Industries Ltd announced today
that it would begin full-fledged petrol and diesel retailing
by June this year after it sets up 300 petrol stations
across the country.
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L'Oréal
sets up Rs 50-crore manufacturing plant
Mumbai: L'Oréal India, has announced the
opening of a Rs 50-crore new manufacturing plant with
a capacity expandable up to 100 million units per annum.
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Ranbaxy
plans subsidiary in Spain
New Delhi: Ranbaxy Laboratories Ltd is planning
to expand its presence in the European market by setting
up a wholly-owned subsidiary in Spain.
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GSK
Pharma 2003 net up by 75.3 per cent
Mumbai: GlaxoSmithKline Pharmaceuticals has reported
a 75.63 per cent rise in net profit at Rs 172.23 crore
for its year ended December 31, 2003, up from Rs 98.06
crore posted in previous year.
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MMTC
to pay 25 per cent interim dividend
New Delhi: MMTC Ltd yesterday declared 25 per cent
interim dividend for the current fiscal and said that
it is confident of exceeding the annual turnover target
of Rs 7,500 crore for 2003-04.
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TAFE
to launch 25 hp tractors
Pune: Tractors and Farm Equipment Ltd (TAFE), the
flagship company of the Amalgamation group, is gearing
up for a foray into the less than 30 hp tractor segment
in the next 3-4 months with a 25 hp tractor.
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FACT
to hold EGM on Feb 27
Coimbatore: An Extraordinary General Meeting of
the shareholders of Fertilisers and Chemicals Travancore
Ltd has been convened on February 27 to consider the report
of the company's board of directors on the erosion of
more than 50 per cent of the net worth of the company.
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HMT
wins award at IMTEX
Bangalore: HMT has won the CMTI-PMT Trust Award
at IMTEX 2004 Machine Tool Exhibition held in Mumbai.
The award was given for excellence in design for CNC die
and mould machining centre.
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Apollo
ties up with AP government for e-Seva
Hyderabad: Apollo Hospitals group has entered into
an agreement with the AP government's e-Seva to offer
healthcare services through the latter's network.
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Zee
Telefilms to revamp debt portfolio
Mumbai: Zee Telefilms Ltd has announced that it
plans to carry out a debt restructuring programme to reduce
its overall debt burden.
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ONGC
pays interim dividend
New Delhi: Oil and Natural Gas Corp has paid the
Government an interim dividend of Rs 1679 crore for the
year 2003-04.
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Mahindra
Defence projects Rs 100-crore turnover
New Delhi: Mahindra Defence Systems is targeting
a turnover of Rs 100 crore by next year.
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Thermax
to concentrate on 50-100 MW power plants
Pune: Thermax Ltd has said it will focus on pursuing
EPC contracts in captive power generation to fuel growth
in its cogen division.
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Megasoft
to merge with Xius India
Chennai: Megasoft Ltd yesterday formally announced
its merger with Xius India Ltd. The board approved the
merger about a fortnight ago.
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