Bharat Forge board okays fund raising plan
THE board of directors of Bharat Forge Ltd, at a meeting here on Saturday, approved the company's fund raising programme of Rs 350 crore. Mr Amit Kalyani, Chief Technology Officer, told Business Line that the funds raised would be a ...
IP Rings to make synchrocones, gears from June
IP Rings will start producing synchrocones and bevel gears from June. The company's Rs 20-crore diversification project is on schedule and commercial production will begin in June, the Managing Director, Mr K.V. Shetty, told Business ...
Honda cuts prices of City, Accord
HONDA Siel Cars India Ltd today cut the prices of its City and Accord cars by 2-3 per cent as the Government reduced the import duty and abolished the special additional duty (SAD). The Honda City EXi model will now be cheaper by Rs 20,000 at ...
GAIL announces 40 pc interim
GAIL (India) Ltd has declared an interim dividend of 40 per cent for the financial year 2003-04, an increase of 10 per cent over the previous year's figure. The total dividend paid in 2000-01 was 40 per cent followed by 45 per cent in 2001-02 ...
NEPC bags order from Vishal
SEBI halts Ondeo Nalco open offer plan
THE Securities and Exchange Board of India (SEBI) has stalled the open offer proposal by the new acquirer of Ondeo Nalco India Ltd. The market regulator has asked the consortium of investors lead by Goldman Sachs and the managers to the offer, ...
Manipal co unveils healthcare BPO
OMEGA Healthcare Management Services, a joint venture between Manipal Enterprises and the US-based Sonix Medical Resources, launched a 600-seat healthcare BPO outfit here on Friday . Omega signed a MoU with the US-based Healthcare Management ...
Cost accountants irked by exemption to milk food cos
EVEN as companies in the business of manufacturing chocolates, ice-creams and `desi ghee' would be a happy lot, the recent move of the Department of Company Affairs to exempt the producers from following cost accounting rules has not been ...
VRS option in FACT extended till Jan 31
THE Union Fertilisers and Chemicals Ministry has extended the last date for the workers of the Fertilisers and Chemicals Travancore Ltd (FACT) to submit their option for voluntary retirement to January 31. So far, only around 200 workers had ...
MERGERS & ACQUISITIONS
Guj Ambuja Exports merger
BIFR nod for winding up IDPL
WITH no prospects of a revival package in sight for the ailing public sector Indian Drugs & Pharmaceuticals Ltd (IDPL), the Board for Industrial and Financial Reconstruction (BIFR) has given its nod for winding up the company. In its recent ...
Pritish Nandy sets sights on `BPO' from foreign films
ITS revenues are now almost wholly from films and at FY03 net sales of Rs 40.13 crore in a Bollywood still warming up to transparency, Pritish Nandy Communications Ltd (PNCL) is arguably on top of the film production heap. The Chairman of PNCL, ...
Praxair India has new MD
MR John Panikar, formerly business development manager for Praxair Asia, has been appointed Managing Director of Praxair India. He takes over from Mr Indrajit Mookerjee, who has taken retirement. Mr Mookerjee has been holding charge of Praxair ...
4 TN cos jointly buy aircraft for exec travel
FOUR Tamil Nadu-based companies, some of them with manufacturing plants in different locations, have purchased a six-seater aircraft for executive travel. The aircraft, a King Air turbo prop, cost about Rs 8 crore. The four companies will ...
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