CORPORATE
MODERNISATION
Tata Steel tube unit plans modernisation
THE Tubes SBU (Special Business Unit) of Tata Steel, which is the largest manufacturer of tubes in the country with an annual production capacity of 2 lakh tonnes, held a retailers meet here to commemorate 50 years of Indian tube-making where ...
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OPEN OFFERS
Rane (Madras) open offer at Rs 147
THE promoters of Rane (Madras) Ltd announced today that the open offer for buying about 10 lakh shares of the company from the public would be at a price of Rs 147 per share. The offer is being made consequent to the increase in the promoters' ...
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HUMAN RESOURCES
IIT Kharagpur offers management course for working execs
THE Indian Institute of Technology, Kharagpur (IIT-KGP) has announced the launch of a two-year, part-time programme in business management for working executives. The programme, which is the first of its kind in the IIT system, would be on ...
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IPOS
IPO price band at Rs 63-70 — NDTV to seek new broadcasting vistas
NDTV, which is entering the capital market to raise Rs 109 crore through an initial public offer, will look at new opportunities in broadcasting but the emphasis in the initial years will be the news channels, Dr Pranoy Roy, Chairman, NDTV, ...
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OUTLOOK
Daimler eyes 20% growth in sales
DAIMLERCHRYSLER, makers of Mercedes-Benz luxury cars, expects its sales in India to grow by 20 per cent in 2004, helped by a robust economy and new models, a top company official has said. "Our target for 2004 is 1,900 units compared with 1,581 ...
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Greenply plans to enter branded furniture sector
THE city-based Rs 254-crore Greenply Industries Ltd, one of the leading players in the organised plywood and laminates industry, is planning to make a foray into the branded furniture segment. According to Mr S.P. Mittal, Chairman, the company ...
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PERFORMANCE
Sona Koyo to pay 40 pc; sales up 30%
SONA Koyo Steering Systems Ltd, a leading manufacturer and supplier of steering systems, has recommended dividend at the rate of 40 per cent for the financial year ended March 31, 2004. The dividend at the rate of 40 per cent to its equity ...
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PEOPLE
Verma joins rechristened Srei Inter
MR M.S. Verma, former chairman of State Bank of India, Telecom Authority of India and IDBI Bank, has joined Srei International Finance Ltd (Srei) as Chairman, replacing Mr Salil Gupta, the current chairman, who has been re-designated as Chief ...
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Nestle India to get new finance director
MR Shobinder Duggal, currently Vice-President (Corporate Control) of Nestle India, will soon become Director (Finance & Control) of the company. Mr Duggal would replace Mr Michael T. Scales. Mr Scales would be taking up a new assignment with ..
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