Corporate
Guj Ambuja completes pvt placement of NCD
MUMBAI: Gujarat Ambuja Cements Ltd, has completed a private placement of non-convertible debentures with a tenor of five years.
ICICI Venture in exploratory talks with Dubai Ideas Oasis
ICICI Venture has had initial discussions with the Dubai Ideas Oasis (DIO) on a tie-up to leverage the advanced infrastructure facilities at the Dubai Internet City (DIC) and the Dubai Media City for the benefit of Indian entrepreneurs, as well as to coo
perate in the areas of consultancy and training, according to Mr A.V. Jayachander, Managing Director and CEO of the company.
Cummins unit to focus on road building
CUMMINS India Ltd (CIL) has created a separate division to focus on the booming road construction industry. This is in line with the promise of the National Highway Development Project, triggering the hopes of the construction equipment industry.
FIs to await open offer on Modi Rubber sell-off
FINANCIAL institutions (FIs) have decided to wait for the Modi brothers -- Mr B.K. Modi and Mr V.K. Modi -- to make an open offer before deciding whether or not to sell their 44 per cent stake in Modi Rubber Ltd.
Daewoo Anchor plans capacity expansion for refrigerators
DAEWOO Anchor Electronics Ltd plans a major expansion in capacity, for refrigerators and also introduce direct cool refrigerators in the Indian market.
Srei plans `equipment bank' co
WHAT does a construction company do if it has been awarded a project at a cost of Rs 25 crore, but the cost of mechanised hi-tech equipment itself is around Rs 20 crore? No problem, the company can now turn to an equipment bank, a concept doing the round
s for the last two years in the industry.
Laticrete to start production in Jan
LATICRETE India Pvt Ltd, a joint venture of Laticrete International Inc of the US, will commence commercial operations at its plant in Patancheru, near here, from January. The company will be manufacturing powder adhesive and coloured sanded and unsanded
grouts that are used in the building material industry.
Appointed on ISE board
MUMBAI: Dr.L.M. Bhole, Professor, Faculty of Economics, IIT Powai and Dr S. Ramani, Director, Silverline Technologies have been appointed on the board of directors of Inter-connected Stock Exchange of India Limited (ISE).
RPG launches Info Line
CHENNAI: RPG Cellular, the Chennai-based cellular service provider, has announced the launch of a value-added service for its customers.
Finnish co launches stone crushing machines
BANGALORE: Nordberg, Finnish construction and mining equipment maker, has introduced its advanced mobile stone crushing plant in the country.
4-day congress on chemical engg industry
CALCUTTA: The 53rd Indian Chemical Engineering Congress is slated to be held in Calcutta from December 18 to 21. To be held under the aegis of the Indian Institute of Chemical Engineers (IICE), the four-day congress would witness lectures, seminars and t
echnical sessions on various trends and developments in the chemical engineering industry worldwide.
Financial Performance
Kudremukh net drops by over 66 pc in Apr-Oct
KUDREMUKH Iron Ore Company Ltd (KIOCL), the country's largest 100 per cent export-oriented unit, has suffered a dent in its fortunes, with net profit during the first seven months of the current fiscal dropping by over 66 per cent.
Information Technology
Indo Tech tie-up to market transformers
THE Indo Tech group has entered into a technical alliance with Trafo Elettro Service (TES) of Italy for assembling and marketing cast resin transformers in the country.
Infrastructure
Diggers do a jig, loaders duckwalk
THE Escorts JCB stall at EXCON 2000 attracted a lot of interest as its dancing diggers performed a synchronised dance to music from James Bond's Golden Eye. A small skid-steer loader robot performed the role of a clown, getting in the way of the giants a
nd driving away from under the feet of the bigger equipment.
Stocks
9 still in the fray for four DSE board seats
THERE are nine candidates still in the fray for the four board seats of the Delhi Stock Exchange (DSE) which fall vacant next week.
Textiles
Waste cotton import at zero duty demanded
THE rising prices of waste cotton and the resistance by handloom and powerloom weavers to any increase in yarn prices have put the `open-end (OE) spinning mills' in a `crisis situation'.
