CORPORATE
MODERNISATION
MCF plant upgrade
MANGALORE: Mangalore Chemicals and Fertilizers (MCF) Ltd has invested over Rs 150 crore on technological improvement of the plant, according to Mr P.C. Jain, Senior Vice-President (Works), MCF Ltd. He was presiding over a function to ...
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ANNOUNCEMENTS
Ashok Leyland to increase service centres
ASHOK Leyland intends to increase the number of its authorised service centres, so that there is one every 75 km on the highways. Now, it has about 100 such service centres. Under its `market transformation mission' programme, being implemented ...
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Ranbaxy launches first prescription drug in the UK
RANBAXY Laboratories Ltd has launched its first branded prescription medicine, Visclair Tablets, in the UK. The brand will be promoted to health professionals by the Ranbaxy respiratory sales team.Visclair is a mucolytic drug that aids the ...
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Radico Khaitan undertakes financial engineering process
IN a bid to increase shareholders' value and return on investment, domestic liquor major Radico Khaitan Ltd has undertaken a financial engineering process to bring down its cost of funds and save on the interest outgo. The company has also ...
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2004 is safety year for Tata Steel
TATA Steel has declared 2004 as the safety year. At a function held on Friday, the company celebrated National Safety Day and presented more than 50 awards. According to a company release, these awards were given in recognition of safe ...
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PREFERENTIAL ALLOTMENTS
Jindal Poly board okays revised share conversion norms
JINDAL Polyester Ltd has informed the Bombay Stock Exchange that the company's board of directors meeting held on March 4, has approved the change of terms and conditions of 6 per cent convertible cumulative preference shares (CCPS) (Series I). ...
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AUDITING
CAG indicts Hindustan Shipyard for reversal of core business
THE core activity of Hindustan Shipyard Ltd - shipbuilding - has become so unviable that the cumulative losses of the company touched Rs 1,103.4 crore as on March-end 2003 with negative net worth of (-) Rs 981.62 crore, even as the company ...
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HUMAN RESOURCES
It's mind over matter that matters now
The new market situation requires a higher order processing by the human brain.
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CORPORATE BONDS
Fitch upgrades L&T Holdings' NCD programme
FITCH ratings India has upgraded the rating of the Rs 50 crore NCD programme of L&T Holdings Ltd to AAA+ from AA+, according to a press release from the company. The instrument was earlier on the `Rating watch with evolving implications' in ...
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NEW PROJECTS
BMW team holds talks with Naidu
REPRESENTATIVES of German auto giant BMW checked in to the city and held parleys with the Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, to explore the possibility of setting up a manufacturing unit. Another German automotive major, ...
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Nuclear Power Corpn plans greenfield facilities
NUCLEAR Power Corporation of India Ltd (NPCIL) has proposed putting up greenfield facilities, apart from ramping up capacity at the existing ones in order to advance schedules and replenish the grid. Mr S.K. Jain, Chairman and Managing ...
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Gini & Jony to set up garment unit in HP
GINI & Jony, one of the few organised kidswear players in the country, is setting up a woven and knitwear garment capacity in Himachal Pradesh. The company has acquired land in Badi, Himachal Pradesh, and it will start developing the land in ...
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SICK UNITS
Kerala Govt to hold talks with Oppn leaders on Trayons revival
THE State Government is expected to hold a meeting next week with the leaders of Opposition parties in its efforts to reach a consensus on the revival package for Travancore Rayons Ltd (Trayons) offered by the Coimbatore-based Dinosaurs ...
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OUTLOOK
RPE aims at Rs 100-cr turnover from razor business
R.P. Electronics, one of the promoters of the Rs 1,000-crore Salora Group, in alliance with American Safety Razor Company is targeting a turnover of Rs 100 crore in the next 4-5 years from its razor business. According to Mr Ashok Chowdhary, ...
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JB Chem lines up hectic schedule for coming year
IT looks like an active year ahead for the Mumbai-based JB Chemicals and Pharmaceuticals (JBCPL), which is poised to file up to six Abbreviated New Drug Applications (ANDAs) per year in the US market. And this, even as the company expects to get ...
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Shanthi Gears eyeing global pie
SHANTHI Gears Ltd (SGL), which has a major presence in the industrial gears segment in the country, is now eyeing global markets by becoming suppliers to some of the reputed companies with international presence. The company is also studying ...
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CAS saga: Undaunted
BEL to get on with set-top boxes
THE continuing see-saw saga over CAS (conditional access system) appears to have left one key broadcast hardware major, Bharat Electronics Ltd (BEL), unperturbed. The company launched its set-top box (STB) in February, less than a month before ...
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PERFORMANCE
Tata Motors sales up 45 pc in Feb
TATA Motors Ltd has reported a 45.5 per cent increase in sales of vehicles including exports at 30,801 units in February 2004 from the year-ago period. Cumulative sales of vehicles during the April 2003-February 2004 period were higher by 45.4 ...
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PEOPLE
Krishnamoorthy is Grasim Suitings' COO
NEW DELHI: Grasim Industries, a Aditya Birla Group company, has announced the appointment of Mr S. Krishnamoorthy as Chief Operating Officer (COO) of its textile and apparel business. The textile and apparel business registered a ...
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