The Hindu Business Line : Sunday, March 07, 2004

ANNOUNCEMENTS
Vaibhav plans to enter studded gold jewellery
VAIBHAV Gems Ltd, exporter of cut and polished coloured gemstones, is planning to enter the domestic studded gold jewellery market in a big way during the financial year 2004-05. "The company is in the advance stage of a market study for ... More

Modern Mills to close yarn unit
MUMBAI: Modern Mills Ltd has informed the Bombay Stock Exchange that its board of directors meeting held on February 27, decided to close its unviable yarn manufacturing unit at Mahalaxmi, Mumbai, with immediate effect. According to an ... More

NEW PROJECTS
Samson to set up hotel, shopping mall in Chennai
SAMSON Lighting Pvt. Ltd is keen on setting up a hotel-cum-high quality shopping centre on 0.7-acres in the heart of Chennai. The company has approached the Federation of Hotel & Restaurant Associations of India (FHRAI) to find a suitable ... More

ALLIANCES & JOINT VENTURES
Voltas ties up with Uniflair
MUMBAI: Voltas has announced a distribution tie-up with the 62-million-euro Uniflair of Italy. According to a company press release, Voltas has concluded a standard distributor agreement with Uniflair for distribution of the latter's ... More

OUTLOOK
IOC to take a hit as crude prices soar
UNABLE to raise prices of petroleum products due to various reasons, Indian Oil Corporation has resigned itself to taking a hit on its profits. The subsidy on LPG and kerosene alone (which the Government has made oil companies to bear) will ... More

IOC chief sees explosion in consumer demand
THE Chairman and Managing Director of Indian Oil Corporation, Mr M.S. Ramachandran, said on Saturday that he foresaw "an explosion in consumer demand in the coming years, fuelled by decreasing prices and growing disposable incomes''. Delivering ... More

Scoreboard
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IOC to take a hit as crude prices soar

Martha Stewart found guilty — `I will appeal the verdict'

Looking back
Feb. 29-Mar. 6
Unclaimed fixed deposits — Companies favour quarterly transfer to Fund

Ashok Leyland to spend Rs 650 cr on capacity expansion

Borrowing spree in the offshore turf

Will corporates take IDR route?

ONGC expects major gas find in KG basin

Haier buys out entire stake in Indian unit

JB Chem lines up hectic schedule for coming year

BMW team holds talks with Naidu