The Hindu Business Line : Tuesday, November 25, 2003

New-look Zen to roll out on Thursday
TEN years after its launch, the Maruti Zen, is in for a facelift. The new-look Zen will be unveiled on Thursday and is expected to carry a higher price tag. The advertising campaign for the compact car, which sells about 5,000 units every ... More

Nestle begins to `reinforce' hygiene standards
NESTLE India's Chairman & Managing Director, Mr Carlo Donati, on Monday said the foods major had begun the exercise of "reinforcing the guidelines for market hygiene" for its chocolate brands. In other words, the exercise is aimed at ensuring ... More

SEC Industries bags defence award

OVERSEAS BORROWINGS

Indian Hotels board to evaluate fund raising proposals
THE board of directors of Indian Hotels Company Ltd has authorised a committee of directors to examine and evaluate long-term fund raising proposals in the nature of a foreign debt instrument linked, if necessary, to equity/warrants for or up to ... More

AWARDS & HONOURS

Kedia Fan unit bags export award
KEDIA Fan Group has won the Council for Industrial and Trade Development-India award for their fans business arm Kedia Electricals. The award for export performance and quality products was given by Mr Surjit Singh Barnala, Governor, to Mr ... More

MERGERS & ACQUISITIONS

Escorts to buy out US subsidiary
ESCORTS Ltd has chalked out an aggressive strategy for the North American and European markets in its bid to emerge as a major player in the global arena. The company is planning to buy the stake of its joint venture partner in Long ... More

Sundram Fasteners set to acquire forge unit in UK
SUNDRAM Fasteners has entered into a MoU with Dana Spicer Europe Ltd to purchase Dana's `precision forge unit' at Cramlington, UK. The MoU was signed yesterday. A senior official of the company said that "lot of work" had still to be done ... More

NEW PROJECTS

Empee promoters float new spirits co — Former Shaw Wallace official to be COO
THE promoters of the Chennai-based Empee Distilleries have floated a new separate spirits company, Apollo Alcobev Ltd, which will roll out a slew of grain-based products shortly. This follows the acquisition of Alembic's distillery near ... More

Amul to set up 1st plant outside Gujarat — Plans 5 lakh litre/day dairy near Delhi
THE Gujarat Cooperative Milk Marketing Federation (GCMMF, better known as Amul) is in the process of setting up its first dairy plant outside Gujarat. The Mehsana District Milk Producers' Union - an affiliate of the Rs 2,746-crore turnover ... More

IPOS

Indraprastha Gas IPO price band at Rs 40-48 per share
INDRAPRASTHA Gas Ltd (IGL), the Delhi-based producer, marketer and distributor of compressed natural gas and piped natural gas, today said it would offer 28.57 per cent of its equity capital to the public at a price within the band of Rs 40-48 ... More

OUTLOOK

Hetero expects to share major pie in Clinton's anti-AIDS project
HETERO Drugs Ltd (HDL), the pharmaceutical major with special focus on antiretrovirals, expects to bag a major portion of the anti-AIDS project sanctioned by the William J Clinton Research Foundation in favour of four Indian pharmaceutical ... More

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