The Hindu Business Line : Wednesday, December 03, 2003

Jindal Stainless declares 60 pc interim
JINDAL Stainless on Tuesday informed that its board has approved a 60-per cent interim dividend on equity shares of the company (Rs 6 per equity share of Rs 10 each) for the financial year ending 2003-04. The dividend will be paid on December ... More

Sentini Cermica to begin production in Jan
SENTINI Cermica (P) Ltd, in which H&R Johnson holds 50 per cent equity, will commence commercial production from next month, two months ahead of schedule, according to Mr Vijay Aggarwal, Managing Director of H&R Johnson (India) Ltd. Speaking to ... More

Gujarat NRE Coke expands capacity
GUJARAT NRE Coke Ltd (GNCL) has announced further addition to its capacity by heating up its eleventh chimney in its plant in Jamnagar, Gujarat. The capacity addition of 36,000 tonnes per annum is coming at a time when there is a surge in ... More

Bharat Forge board to meet on Dec 10

IVRCL bags Rs 54-cr contract

AWARDS & HONOURS

AVT bags cargo agent award

RESTRUCTURING

Henkel SPIC mulls reverse merger with Calcutta Chem
The reverse merger of Henkel SPIC with Calcutta Chemicals will help the former in reducing its large equity base bringing it in line with the net worth of the company. More

Dabur Foods plans to separate from parent co
Mr Burman indicated that Dabur Foods intended to begin operating as a separate business once the company achieves its target of Rs 100 crore in sales revenues. More

CORPORATE GOVERNANCE

Credible leadership key to progress: Irani
CREDIBLE leadership in politics and corporates, a simple rule book, clear definition of roles, implementation and finding relevant solutions are key to progress, according to Dr J.J. Irani, Vice-Chairman, Tata Iron and Steel Company Ltd. Dr ... More

NEW PROJECTS

Titan plans foray into Pakistan
TITAN Industries, which has sold watches in 25 countries, plans to explore a market across the border: Pakistan. Titan plans to send its executives to Pakistan to find out if a market exists for its watches, said Ms Meera Harish, Group ... More

Shaw Wallace may have new division for country liquor
SHAW Wallace & Co (SWC) Ltd is likely to create a new division for country liquor business, which it is likely to unveil shortly. Mr Deepak Chaudhuri, former director of the company's brewing division, will head the new business. A top company ... More

REGULATORY BODIES & RULINGS

ICWAI council calls meeting on Dec 7 to consider DCA notice
THE Institute of Cost and Works Accountants of India (ICWAI) has called for an emergency meeting of its council on December 7 to deliberate and work out a "proper" reply to the show-cause notice issued by the Department of Company affairs (DCA). ... More

INTERVIEW

Monnet India hopes to double profit, turnover this fiscal
SPONGE iron maker Monnet India Ltd is slowly venturing into related areas of making steel, generating power and mining coal. The company's Executive Vice-Chairman and Managing Director, Mr Sandeep Jajodia, shares the details of the company's ... More

`Time for steel sector to think of financial turnaround'
PIGGYBACKING on Chinese demand and structural adjustments at the global level, aided by higher domestic demand, Indian steel companies have been making profits for almost a year-and-a-half. However, the Steel Ministry is flooded with requests ... More

DIVERSIFICATION

ITL plans to diversify into 3-wheeler segment
INTERNATIONAL Tractors Ltd (ITL), manufacturers of the `Sonalika' brand of tractors, is planning to diversify its portfolio further by entering the three-wheeler segment. "The three-wheelers will be manufactured at our facility in Hoshiarpur, ... More

OUTLOOK

Revamped branding: Henkel hopeful of boost in sales
HENKEL KgaA of Germany, which did a brand revamp exercise last year, expects the pay-off period for the move to start now. Henkel's Vice-President, Corporate Communications, Mr Ernst Primosch, who addressed a press conference here on Tuesday, ... More

PERFORMANCE

Honda Siel Nov sales up 59 pc
HONDA Siel Cars India Ltd has achieved a 59 per cent jump in sales in November at 1,827 units, powered by robust sales of its newly launched version of City midsize car. In November 2002, Honda Siel had sold 1,152 units. The new Honda City ... More

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