The Hindu Business Line : Thursday, November 27, 2003

IDL to pay Rs 15 lakh to blast victims' kin
IDL, a division of Gulf Oil Corporation Ltd (GOCL), has announced a compensation of Rs 15 lakh as ex gratia payment to the next of kin of each of the employees who died in a major blast at the Hyderabad factory on Tuesday. The company also said ... More

ANNOUNCEMENTS

Aventis launches osteoporosis programme
AVENTIS Pharma Ltd has launched `Wishbone,' a comprehensive healthcare management programme for women diagnosed with osteoporosis. The programme will be initially available across the six metros of Mumbai, Chennai, Hyderabad, Bangalore, Kolkata ... More

More Aquila cruiser bikes on the way — May come with higher price tag
KINETIC Engineering is in talks with Hyosung Motors for importing 100 more Aquila motorcycles though the price is expected to be higher than the earlier price tag. The Kinetic Engineering Vice-President for Corporate Communications, Ms ... More

OVERSEAS BORROWINGS

Onus on banks to see cos hedge forex loans
While the country's biggest bank, State Bank of India, has always been insisting on a hedging mechanism in case of its foreign currency loans, other leading public sector banks are also understood to be following suit. More

COMPANY LAW

ICSI looking at new avenues for members
"Once the response is received, we will constitute a core group and develop modules. In fact, we have had been having meetings with the CA and Cost Accountants Institute on the same issue," Mr Jain said. More

NEW PROJECTS

Welspun-Gujarat to hike Dahej unit capacity
WELSPUN-Gujarat Stahl Rohren Ltd (WGSRL), the Rs 384-crore submerged arc welded (SAW) pipes manufacturer, plans to expand capacity of its Dahej unit through debottlenecking. The company will invest close to Rs 25 crore in debottlenecking its ... More

LG Elec sets up compressor plant
LG Electronics India Pvt Ltd has set up its first compressor plant in the country. The company has invested $18 million in its plant at Greater Noida. A company communiqué said, "LG will be manufacturing the reciprocating compressors in India. ... More

ALLIANCES & JOINT VENTURES

Coffee Day ties up with GSK to distribute new brand
COFFEE Day FMCG, a division of Amalgamated Bean Coffee Trading Co Ltd (ABC), has sewn up a distribution arrangement in Tamil Nadu with GlaxoSmithkline Consumer Healthcare Ltd, makers of the Horlicks and Boost brands. The tie-up, on a test basis ... More

Education in animation tech — Dr Reddy's LABS ties up with Color Chips
WITH the intention of exploiting the job potential in the animation industry, Livelihood Advancement Business School (LABS), the social responsibility arm of Dr Reddy's Laboratories, has joined hands with animation major Color Chips ... More

OUTLOOK

Escorts tractor unit pegs Rs 175 cr profit in 2 years
RIDING on intensive cost reduction initiatives and better monsoons this year, Escorts' agri-machinery division expects to bring about a multi-fold increase in its profitability in the coming years. The division targets sales of more than ... More

TRENDS

For capacity addition, capital goods import — More mid-size cos tap bank funds
AFTER a spell of slack demand from India Inc for most loans other than working capital requirements, mid-sized corporates are now approaching banks for term funds. Surprisingly many of them are keen to lock into fixed rate loans with a growing ... More

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