Automobiles
Ashok Leyland to get new ZF tech -- To invest Rs 40 cr in axles plant
CLOSE on the heels of tying up with Dana Corporation and Meritor for manufacturing axles in India, Ashok Leyland on Tuesday announced the extension of its agreement with ZF Friedrichshafen AG of Germany, for technology for the upgraded version of transmi
ssion.
TVS-Suzuki to launch 4-stroke mopeds
TO ``combat the negative growth in the moped segment in Tamil Nadu'', TVS-Suzuki, the country's largest mopeds manufacturer, proposes to introduce ``new product variants such as 4-stroke mopeds'', the company's President, Mr C.P. Raman, has said.
Corporate
`Financial park' at Mangalore SE
MANGALORE: With the Mangalore Stock Exchange (MgSE) having been granted three acres of land at the Bangra Kulur village in Mangalore taluk, the stage is being set for the development of a `financial park' along the lines of the information technology par
k proposed to be set up here.
TV 18 MD buys 5,000 shares
MUMBAI: Television Eighteen India Ltd has informed the Bombay Stock Exchange that Mr Raghav Bahl, Managing Director of the company, has purchased 5,000 equity shares of TV 18 through the market. -- Our Bureau
Carrier Aircon defers adoption of accounts
NEW DELHI: The board of directors of Carrier Aircon Ltd (CAL), which met here on Tuesday, deferred the adoption of the audited accounts for the year ended March 2001 and the recommendation of a dividend. The board is set to meet again on June 26, for the
purpose.
BHEL to set up unit at Ghaziabad
NEW DELHI: Bharat Heavy Electricals Ltd (BHEL) has bagged a Rs 25-crore contract from the Uttar Pradesh State Industrial Development Corporation (UPSIDC) to set up a 11.45 MW captive unit at Ghaziabad, Uttar Pradesh. The plant will supply power to the up
coming `Tronica city', the integrated industrial township of Uttar Pradesh.
Haldia Petro sales record
KOLKATA: The polypropylene (PP) plant of Haldia Petrochemicals Ltd (HPL) has crossed the one-lakh tonne mark in sales volume, within a year of its commissioning.
BSE directive to Century Consultants directors
THE Bombay Stock Exchange (BSE) has issued a show-cause notice to Century Consultants Ltd, a broking member, in connection with various complaints and arbitration cases filed against it.
Special demat tariff for Reliance shareholders
THREE depository participants (DPs) - Karvy Consultants, Standard Chartered Bank and IDBI Bank - have worked out special tariff for dematerialisation by Reliance group shareholders.
Vasant Chemicals plans para nitro toluene unit
The Vasant group, a pre-dominantly export-focussed chemical intermediary and IT company, is firming up plans to go in for a para nitro toluene (PNT) producing unit with an estimated investment requirement of Rs 45 crore.
Technology for coke oven plant -- KIOCL in talks with Mitsui arm
KUDREMUKH Iron Ore Company Ltd (KIOCL) is in talks with a subsidiary of Mitsui Corporation of Japan for providing technology for its proposed coke oven plant at Karwar in Karnataka.
Termination of GDS facility: Dr Reddy's extends deadline
DR REDDY'S Laboratories Ltd (DRL) announced here on Tuesday that it is going to terminate its global depository shares (GDS) facility on July 8 and not on June 6 as announced earlier.
Financial Performance
BOC India posts Rs 1.8-cr net
BOC India Ltd a reported a net profit of Rs 1.8 crore for 2000-2001, ``representing a huge swing of Rs 27.9 crore from the annualised loss excluding the one-off charge of the previous period'' of 18 months, according to a company note released here today
.
Britannia: Tiger in trouble?
THOUGH the 38-per cent improvement in Britannia's net profit for the year 2000-01 is, on the face of it, impressive, the profit growth has come partially from a non-recurring item.
PSU
Salem Steel Plant bags Mint order
THE Salem Steel Plant has secured an order for supply of 7,000 tonnes of ferritic cold-rolled stainless steel strips from the Government of India Mint, Mumbai.
