The Hindu Business Line : Saturday, November 22, 2003

Partner lowers Reliance's K-G basin gas reserve estimates
RELIANCE'S largest gas field — the D-6, situated off the country's east coast - holds lesser gas reserves than earlier announced, says the company's partner Niko Resources. The field holds 8.6 trillion cubic feet (tcf) gas instead of ... More

RIL sticks to its estimates
RELIANCE Industries stuck by its initial announced estimates of 14 trillion cubic ft for the D6 block in the Krishna-Godavari basin. The company said D&M has not evaluated all KG basin wells. "Reliance confirms its estimate of original gas ... More

NEW PROJECTS

Asahi India plans third plant in TN
ASAHI India Glass Ltd on Friday announced that it would set up its third plant in Chennai, Tamil Nadu. The new plant would manufacture automotive safety glass and would initially have a capacity of five lakh-laminated windshields. The plant ... More

Torrent office in Germany
THE Ahmedabad-based Torrent Pharma, which has a facility in Baroda for the production of penicillin G , is planning to increase its presence in Germany by setting up an export base there. According to company officials, Torrent is working out a ... More

ALLIANCES & JOINT VENTURES

Sun-n-Sand ties up with Tata Indicom for WiFi
Sun-n-Sand Hotels has tied up with Tata Indicom for WiFi (wireless fidelity) services. Talking to presspersons, Mr C. Behl, General Manager, Sun-n-Sand, said the Tata Indicom services would allow guests at the hotel to access the Internet ... More

SICK UNITS

Vajra Granites revival scheme gets BIFR nod
THE Board for Industrial and Financial Reconstruction (BIFR) has approved the rehabilitation scheme of Sri Vajra Granites Ltd (VGL), a 100 per cent export-oriented unit that had accumulated losses to the tune of Rs 9.71 crore and became sick in ... More

OUTLOOK

Dabur bets on global auction for herbs purchase
THE Rs 1,200-crore Dabur India Ltd plans to put a global supply management (GSM) system in place to locate the right supplier of jadibhooti (herbs) for its products. The company, which is the largest buyer of herbs in the country, has already ... More

INVESTOR PROTECTION

Vasavi misleading investors: IDBI
THE Industrial Development Bank of India (IDBI) accused the management of the city-based Sri Vasavi Industries Ltd (SVIL) of misleading investors with incorrect financial results. SVIL has recently published unaudited and provisional results ... More

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