CORPORATE
ANNOUNCEMENTS
Alden Prepress to expand Chennai operations
ALDEN Prepress Service Private Ltd (APPS), a wholly-owned subsidiary of the UK-based Alden Group, plans to expand operations in Chennai through acquisitions as well as through increased investment in its existing business. It is looking at ...
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BHEL (R&D) bags Rs 18-cr orders
THE Corporate Research and Development (R&D) of BHEL here has bagged orders worth Rs 18 crore, achieved a turnover of Rs 12 crore, and has consolidated core research capabilities as well as established new Centres of Excellence during the ...
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Hetero Drugs may bag Congo order for anti-AIDS drug
RAVAGED by the AIDS epidemic, the Democratic Republic of Congo has shown interest in sourcing anti-retroviral (ARV) drugs from Hetero Drugs Ltd.The Rs 550-crore company based in Hyderabad specialises in ARV drugs. Addressing a press conference ...
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Philips plans to sell unit in Kolkata
PHILIPS India is planning to sell its production facility at Kolkata, which is one of the three units engaged in the manufacture of lamps, lighting system and tube light glass shells for the company. However, the proposed sale offer of Tartolla ...
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FDC scouting for global tie-ups
MUMBAI: FDC Ltd, a pharmaceutical company, on Wednesday informed the BSE that it was pursuing a proposal to enter into strategic partnerships in Russia, South Africa and Nigeria. The alliances could be in the form of joint ventures, ...
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PREFERENTIAL ALLOTMENTS
Granules board okays hike in promoters' stake
THE board of directors of Granules India Ltd (GIL), the pharmaceutical company specialising in granulated active pharmaceutical ingredients, has approved a proposal to offer fresh equity in favour of its promoters' group. At a meeting on ...
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OVERSEAS BORROWINGS
Bharti raises $100 m through FCCBs
BHARTI Televentures Ltd on Wednesday announced that it had raised $100 million in foreign currency convertible bonds (FCCBs) from global markets for its expansion plans. "The issue was for $100 million, and it received an overwhelming response ...
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COURTS/LEGAL ISSUES
Kerala High Court stays Govt order on renewing Coca-Cola licence
THE Kerala High Court on Wednesday stayed the Government action in staying the Perumatty Gram Panchayat's order refusing to renew the licence of the Coca-Cola company and also directing it not to resume the operation in the company's plant. Mr ...
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CONSUMER FINANCE
TVS Motor, Union Bank join hands for finance scheme
TVS Motor Company and Union Bank of India (UBI) have announced the launch of `Union Miles Scheme,' an exclusive two-wheeler finance scheme, here on Wednesday. Addressing a press conference on the eve of signing the pact, the UBI General ...
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MERGERS & ACQUISITIONS
Anchor Electrical buys out Rider
MUMBAI-based electrical accessories manufacturer Anchor Electrical and Electronics Ltd today announced that it has taken over `Rider', a company that makes electrical regulators and dimmers. "The acquisition will help us expand our product ...
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Deepak Roy to buy out Polychem's IMFL brands
THE Deepak Roy-managed Triumph Distillers & Vintners (TDV) is set to buyout the Indian-Made Foreign (IMFL) brands belonging to the Kilachands of Polychem Ltd. The brands on the transaction table are Alcazar Vodka, Mens Club Whisky and Louis XI ..
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Radico Khaitan acquires bottling plant in AP
RADICO Khaitan Ltd has acquired Anab-e-Shahi, a bottling plant in Andhra Pradesh. The Rs 620-crore liquor company is best known for its brands 8 PM whisky and Contessa rum. The bottling plant, belonging to M & S group, has a capacity to bottle .
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Kuoni Travel buys Resnet from Traveljini
KUONI Travel Group, India, the country's largest travel conglomerate, has acquired Resnet from Traveljini, an ICICI Venture company, as part of its expansion plan. The acquisition of Resnet is part of Kuoni India's overall strategy to enter ...
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NEW PROJECTS
NTPC to expedite work on Ramagundam unit
NATIONAL Thermal Power Corporation Ltd has announced plans to complete the Rs 1,979-crore, seventh unit of 500 MW at the Ramagundam superthermal power plant by this fiscal-end, few months ahead of its schedule. It is also seeking to expedite ...
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ALLIANCES & JOINT VENTURES
Rallis, EI Dupont sign pact for co-marketing
RALLIS India Ltd and EI Dupont India Private Ltd have entered into an agreement to co-market one of each other's products. Rallis will co-market Dupont's insecticide Indoxacarb and Dupont will co-market company's insecticide Acetamiprid. ...
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OUTLOOK
GM to make India low-cost supply base
THE world's largest car maker, General Motors (GM), plans to develop India as a low-cost manufacturing hub for cars even as capacity constraint in the country is hindering the company's plan to source more auto parts. "I can't see why it ...
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BHEL expects construction orders worth Rs 1,000 cr
BHARAT Heavy Electricals Ltd expects contracts worth at least Rs 1,000 crore for construction of power projects in South India. The estimate is based on promising-looking negotiations. These include the 500 MW projects of Tuticorin, North Chennai ...
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IOC plans Rs 3,000-cr investments
INDIAN Oil Corporation Ltd has planned investments worth Rs 3,000 crore on retail initiatives in the new financial year. The company today said it would add another 1,000 petrol bunks to its existing chain of 9,155 outlets thus crossing the ...
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HM projects 50 pc growth in Lancer sales with Invex
LAUNCHING 1.8 litre Lancer Invex with an intelligent Man-o-Matic technology, Hindustan Motors on Wednesday announced that the company expects to increase its sales by about 50 per cent riding on this car and its recently launched other models ...
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Finolex Pipes plans expansion, bets on agricultural growth
FINOLEX Pipes, the largest PVC pipe manufacturer in the organised sector in the country, is going in for a two-phased expansion programme, enhancing the capacity from the current 65,000 tonnes to 100,000 tonnes. Talking to a group of press ...
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PERFORMANCE
SAIL's RMD iron ore output up 8 pc
THE Raw Material Division (RMD) of Steel Authority of India Ltd (SAIL) registered its highest ever production and dispatch during the financial year 2003-04. According to a press release from RMD, its iron ore production was 12.78 tonnes ...
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Ashok Leyland reports record vehicle sales
ASHOK Leyland has reported all-time high sales of 48,648 vehicles for the year 2003-04. This is 33.5 per cent more than last year's 36,445 vehicles. During the year, at 44,490 vehicles, total domestic MDV sales grew by 40.3 per cent (33,581 in ...
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