The Hindu Business Line : Saturday, October 18, 2003

10 miners dead in Singareni mishap — CM announces Rs 6-lakh ex-gratia
IN yet another mine accident in the state-owned Singareni Collieries Company Ltd, 10 miners are feared dead and two others injured following a mine collapse in GDK 8A in the wee hours of Friday, about 230 km from here. Today's tragic incident ... More

ANNOUNCEMENTS

TVS Motor opts for stock split
TVS Motor Company on Friday announced a stock-split — the company's Rs 10-share is to be sub divided into equity shares of a face value of Re 1 each. The stock-split will enhance liquidity, making trading easier, the company's Chairman ... More

Bharat Bio launches recombinant streptokinase
BHARAT Biotech International Ltd (BBIL), the city-based bio pharmaceutical company, has announced the launch of recombinant streptokinase, the first line therapy for myocardial infarction (heart attack), making it the country's first and world's ... More

PREFERENTIAL ALLOTMENTS

PSI Data Systems allots pref shares to Indian Rayon
PSI Data Systems has allotted cumulative redeemable preference shares and issued these to Indian Rayon and Industries Ltd (holding company). This is pursuant to a special resolution passed at the company AGM held on September 12 this year, ... More

FINANCIAL PERFORMANCE

TVS Motor: New models to drive growth
AFTER posting a scorching rate of growth in performance in the recent quarters, TVS Motor has come up with a relatively modest 20 per cent rise in post-tax earnings for the quarter ended September 2003. Turnover during this period increased by ... More

Exide net up at Rs 20.71 cr
KOLKATA: During the quarter ended September 30, 2003, Exide Industries Ltd has posted a net profit of Rs 20.71 crore as compared to Rs 14.28 crore in the same period of last year. The profit before tax amounted to Rs 32.11crore (Rs 22.03 ... More

EID Parry Q2 net rises
CHENNAI: EID Parry (India) Ltd, part of the Murugappa group, has posted a profit after tax of Rs 10.20 crore on sales income of Rs 457.43 crore for the quarter ended September 30 against a net profit of Rs 8.77 crore on sales of Rs 424.03 ... More

TNPL net at Rs 13.6 crore
CHENNAI: TAMIL Nadu Newsprint and Papers Ltd has reported a net profit of Rs 13.61 crore on sales of Rs 129.63 crore for the quarter ended September 30, against a net profit of Rs 15.30 crore on sales of Rs 138.37 crore for the same ... More

Pritish Nandy net up at Rs 0.95 cr
MUMBAI: PRITISH Nandy Communications Ltd (PNC) has reported a net profit of Rs 0.95 crore for the quarter ended September 30, 2003 compared to a net loss of Rs 1.46 crore in the year-ago period. Total income during the quarter rose to Rs ... More

Bayer Cropscience net at Rs 12.4 crore
MUMBAI: BAYER Cropscience India Ltd recorded a net profit of Rs.12.4 crore for the quarter-ended September 30, compared to Rs.7.8 crore for the previous year's corresponding quarter. The company's total income increased from Rs.102.8 ... More

MERGERS & ACQUISITIONS

Rain Calcining buys 24.79% stake of US partner firm
THE promoters of Rain Calcining Ltd (RCL), the Hyderabad-based Rs 333-crore calcined petroleum coke and power producer, have acquired the entire 24.79 per cent equity holding of their foreign technology and equity partner — Reliant Energy ... More

NEW PROJECTS

Minda Huf plans engg centre in Europe
IN a bid to give a boost to exports, the auto components company, Minda Huf, a leading player in the field of automotive security systems, is in the process of establishing a marketing and engineering set-up in West Europe. "We are initially ... More

ALLIANCES & JOINT VENTURES

Coromandel, S. African co sign pact for raw material supply
COROMANDEL Fertilisers on Friday signed a memorandum of understanding with the South Africa-based Foskar Ltd for supply of raw material and also for transferring of 5 per cent shares in Godavari Fertilisers and Chemicals Ltd (GFCL). Under the ... More

Poovar Resort ties up with Club Mahindra
THE Poovar Island Resort located some 30 km south of Thiruvananthapuram has entered into a partnership with Club Mahindra Holidays, the flagship brand of Mahindra Holidays and Resorts India Ltd. As per the terms of the agreement, time-share ... More

INTERVIEW

TechBooks upbeat on Indian operations
PRINTING technology is witnessing revolutionary changes. The benefits of quality work in colour, faster turnaround and lower costs are too compelling to be overlooked, says Mr Ranjit Singh, CEO of the printing and publishing technology solutions ... More

OUTLOOK

Ford `Endeavour' eyes 25 pc of SUV market
STARTING with a production of 150 Endeavour units per month, Ford India is hoping to garner a 25 per cent share of the SUV market within the first year of launch. Talking to presspersons, Mr Vinay Piparsania, Vice-President (External Affairs), ... More

PEOPLE

Pradeep Rane to head Alembic unit

Appointed Director (Marketing) MMTC

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