The Hindu Business Line : Tuesday, December 30, 2003

CIAL to declare dividends from next year: Antony
COCHIN International Airport Ltd (CIAL), the first in the private sector in the country, at nearby Nedumbassery, which has made a net profit of Rs 11 crore as on September 30 last is to declare dividends from next fiscal. The Chief Minister, Mr ... More

Siemens bags Rs 483-cr order from Railways
SIEMENS Ltd has bagged a Rs 483-crore order from the Ministry of Railways for the supply of complete electrical systems for Mumbai's suburban trains. This is the single biggest order bagged by the company in recent times. The company's ... More

Apollo Tyres hikes prices of non-truck tyres
TYRE manufacturer Apollo Tyres Ltd has effected a 3-4 per cent increase in the prices of its non-truck tyres - passenger car tyres, light commercial vehicle tyres and farm tyres. The latest increase, which came into effect on December 22, ... More

Timex plan to launch luxury brand soon
WITH the sale of luxury watches booming this year, Timex is planning to introduce its FCUK brand of luxury watches in India in early-2004. According to Mr Kapil Kapoor, Managing Director of Timex Watches Ltd and Regional Director (South Pacific ... More

L&T wins Rs 700-cr power plant order from GMR group
LARSEN & Toubro has secured a Rs 700-crore contract for putting up a 388.5 MW power plant near Rajamundry in Andhra Pradesh, said a news release from the company. The gas turbine plant will be set up for Vemagiri Power Generation Ltd, part of ... More

Tata Infomedia clarifies

PREFERENTIAL ALLOTMENTS

Shareholders of FCI OEN clear pref issue plan
SHAREHOLDERS of the Kochi-based FCI OEN Connectors Ltd have approved the preferential issue of equity shares of the company to foreign collaborator, FCI France. This will enable the collaborator to increase their shareholding from the current ... More

HUMAN RESOURCES

Impact of AIDS on business
AT the broadest level, businesses are stated to be dependent on the strength and vitality of their workers and customer base. In this context, Acquired Immunodeficiency Syndrome (AIDS) increases the cost of doing business, reduces productivity ... More

FIXED DEPOSITS

MA rating for Jagsonpal FD programme
ICRA has reaffirmed the `MA' rating assigned to the fixed deposit (FD) programme of Jagsonpal Pharmaceuticals Ltd (JPL). The reaffirmation, indicating adequate safety, factors in the steady profitability of the company during the first nine ... More

MERGERS & ACQUISITIONS

Matrix clears investment plan of Newbridge Capital
THE board of directors of Matrix Laboratories Ltd today approved an investment proposal by Newbridge Capital and other investors at Rs 1,500 per share through a combination of preferential allotment and secondary sale of existing ... More

JIL-Jaypee Cement merger scheme validity extended
THE board of directors of Jaiprakash Industries Ltd (JIL) has approved the extension of the validity of scheme of amalgamation of the company with its subsidiary, Jaypee Cement Ltd, till June 30, 2004. The scheme was approved by the ... More

IPOS

TV Today prices issue at Rs 95
THE initial public offer (IPO) of TV Today Network Ltd (TVTN), which closed on December 27, was subscribed 36.26 times and is being priced at Rs 95 per share. About 1.45 crore shares with a face value of Rs 5 were offered at price band of Rs ... More

STANDARDS & BENCHMARKS

Hindustan Zinc bags ISO certification
VISAKHAPATNAM: Hindustan Zinc Ltd here, manufacturer of primary zinc, cadmium and sulphuric acid, has been awarded ISO-14001 certification for its environmental management systems. The plant has already got ISO-9001:2000 certification ... More

PEOPLE

Keswani moves to Oberoi, Mumbai
MR Rattan Keswani has joined the Oberoi Hotels and Resorts as Senior Vice-President in Mumbai. He was last the General Manager at the The Oberoi, New Delhi. Mr Keswani, an alumni of the erstwhile Oberoi School of Hotel Management, began his ... More

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