Chemicals
ITW to provide chemical consolidation audits
ITW Signode India Ltd, a packaging solutions provider, has launched the LPS range of high-performance and environment-friendly speciality maintenance, repair and operations (MRO) chemicals.
Coal
Suspicion abounds on CIL posting -- Stop-gap arrangements queer pitch in subsidiaries
THE abrupt replacement of the acting Chairman of Coal India Ltd (CIL), Mr C.D.Arah, by Mr N.K.Sharma, Director (technical) of CIL has, made top-level public sector coal industry functionaries suspicious about the role of a section of bureaucrats in the U
nion Coal Ministry. The Ministry's decision to replace Mr Arah by Mr Sharma with immediate effect is thus viewed in different angle.
Corporate
Post-revamp, creditors to take charge at Arvind
THE management control of Arvind Mills Ltd (AML) would be in the hands of its creditors (banks and FIs) after the company's restructuring is completed, according to the proposal submitted by AML.
Foster's India mulls capacity expansion
FOSTER'S India Ltd, a subsidiary of the $2-billion Foster's Brewing Group of Australia, is exploring the possibility of either acquiring a brewery or entering into a tie-up with any of the existing breweries to brew and bottle its beer.
French co's offer to Akzo Nobel may impact Infar's business
INFAR India Ltd's diagnostic business may witness some crucial changes during the next few months because the French pharma major, bioMerieux SA, has made a global offer to Akzo Nobel, Infar's Dutch parent, to acquire the diagnostic activity of Organon T
eknika, a wing of Akzo Nobel.
DCA orders action against AP-based co
THE Department of Company Affairs (DCA) has ordered prosecution against the directors of the Andhra Pradesh-based Consortex Kaul Doelitzch (India) Ltd, Ananthapur, under Section 209A (8) of the Companies Act, 1956, for their failure to produce the books
of accounts for inspection to the DCA authorised official.
Hikal acquires Wintac's unit
BANGALORE: Hikal Ltd, Mumbai, has acquired Wintac's R&D and bulk drugs manufacturing unit here for an undisclosed sum.
Color Chips, Pran Features sign pact
HYDERABAD: Color Chips (India) Ltd, a 2D, 3D animation and feature syndication provider, has entered into an agreement with Pran Features, the country's oldest syndicate of comics.
SHCIL seeks to spread wings -- Arthur Anderson working on vision document
AIMED at augmenting its resources and revenues and giving a boost to the bottomline, Stock Holding Corporation of India Ltd (SHCIL) is considering various options including foraying into the distribution of insurance products, taking up primary dealershi
p (PD) and banking activities and tapping the capital market with an initial public offering.
Stationery pin makers pricked by imports, duty structure
MANUFACTURERS of stationery pins, clips and safety pins are on tenterhooks with the threat of Chinese imports looming large.
Regency Ceramics to hike capacity
REGENCY Ceramics Ltd, engaged in the production of ceramic floor tiles, has embarked upon a Rs 50-crore expansion project to increase its installed capacity from 62 lakh sq.m. to 100 lakh sq.m. per annum.
Petrochemicals
ONGC to go it alone on naphtha exports
THE Oil and Natural Gas Corporation (ONGC) plans to export naphtha on its own in a bid to get better price realisation.
Stocks
MSE plans depository centres in TN
WITH trading volume through the Madras Stock Exchange (MSE) reducing considerably in the recent times, the exchange is expanding its reach to other centres in the State, targeting the large number of investors living outside Chennai.
