The Hindu Business Line : Thursday, May 01, 2003

Goodyear in talks for OEM supplies for tubeless tyres
IN a bid to push sales of its tubeless tyres, Goodyear India is exploring the OEM route this year. The company is currently in talks with almost all the major players for OEM supplies, a senior company official told Business ... More

Coal India board meeting today
THE next board meeting of Coal India Ltd (CIL), scheduled to be held on May 1, is going to be a crucial one as the board will be discussing an agenda relating to divesting CIL's major administrative powers in favour of its subsidiaries. The ... More

Orchid seeks USFDA nod for Cephazolin
ORCHID Chemicals & Pharmaceuticals has sought US regulatory approval to export Cephazolin (an injectable antibiotic prescribed for respiratory tract infections) there. According to Mr K Raghavendra Rao, Managing Director, the company has ... More

Kinetic Aquila to be dearer by 15 pc
INDIA'S costliest bike, Aquila might become costlier by 15 to 20 per cent even as Kinetic Engineering, which has imported these bikes, is planning to use its showpiece to push sales of its Boss motorcycles. Sources in Kinetic Engineering told ... More

Reliance CDMA commercial launch today
THE CDMA limited mobility service of Reliance Infocomm enters its commercial phase on Thursday . The company said it makes this commercial entry with a base of one million subscribers, acquired over a period of 10 weeks, recording a cumulative ... More

RESTRUCTURING

Parrys board okays financial revamp
THE board of Parrys Confectionery Ltd has approved the financial restructuring proposal to adjust the company's loss against the share premium account. According to a press release, the losses include Rs 7 crore on the assets held for disposal ... More

MERGERS & ACQUISITIONS

Cabinet nod for BPCL equity hike in Bina refinery
THE Cabinet Committee on Economic Affairs has approved a proposal allowing Bharat Petroleum Corporation Ltd (BPCL) to raise its equity in the six-million tonne Bina refinery project from 26 per cent to 50 per cent. According to the Cabinet ... More

Aurobindo buys partner's stake in China venture

NEW PROJECTS

Indo Rama invests Rs 13 cr in US joint venture
POLYESTER manufacturer Indo Rama Synthetics (I) Ltd (IRSL) has invested about Rs 13 crore for its 24 per cent stake in the US-based joint venture company — StarPet Inc, which has recently acquired an operational integrated bottle-grade PET ... More

STANDARDS & BENCHMARKS

ISO certificate for Morgan Industries

PERFORMANCE

A difficult year for Hindalco; net profit down at Rs 582 cr
HEFTY outflow by way of extraordinary items and a year difficult for most part, save record manufacture in the last quarter, dampened Hindalco Industries Ltd's results. The aluminium major today reported a lower net profit of 582.1 crore for ... More

Input costs weigh on Nestle's margins
DOES a 12.8 per cent growth in net sales and a 21.6 per cent growth in net profit for the quarter ended March 2003, make Nestle India an island of prosperity, amidst poor growth numbers from most FMCG companies? Not really. On the sales front, ... More

KSBC turnover at Rs 1847 cr

PEOPLE

Alagh not to extend contract with Britannia
THE Managing Director of Britannia Industries Ltd, Mr Sunil Alagh, would not extend his contract with the company that expires on February 2004, the company has informed the National Stock Exchange. The board of directors will discuss the issue ... More

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