CORPORATE
RESEARCH & DEVELOPMENT
Timken flags off $12-m R&D unit
TIMKEN, the alloy steel and bearing company, on Monday opened its second biggest research and development centre in the world near Bangalore. With an investment of around $12 million, the technology centre is one of the 10 research facilities ...
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ANNOUNCEMENTS
Carrier Refrigeration wins Rs 100-cr export order
CARRIER Refrigeration Pvt Ltd, a subsidiary of Carrier India, has won a multi-million-dollar export contract to a key global customer in the beverage and commercial refrigeration market in the US. The total order, worth over Rs 100 crore, will be ...
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OVERSEAS BORROWINGS
Steel sector seeks cheaper ECBs to replace costly debt
IN what may be called the second round of debt restructuring for the domestic steel industry, the Indian Steel Alliance (ISA) has approached the Ministry of Finance to permit the primary steel manufacturers to retire their high cost domestic ...
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MANPOWER
Pfizer to offer VRS with dose of `invest advice'
THIS could well be breaking new ground in terms of worker-related policies from companies. Pfizer Ltd is exploring an innovative separation scheme for its workmen at the closed Chandigarh plant. In an effort to help workers who accept the ...
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MERGERS & ACQUISITIONS
Quietly savvy
TIMES they are a changing. Even a couple of years ago, it would have been difficult to imagine a Tata group company as an aggressive player acquiring companies in India or abroad. Yet, that is exactly what may happen ...
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ICICI Venture set to pick up 14.96% stake in Samtel Color
ICICI Venture Fund Management Company is set to pick up 14.96 per cent equity holding in Samtel Color Ltd (SCL), the Rs 900-crore picture tube manufacturer. ICICI Venture is acting as an investment manager on behalf of Western India Trustee and ...
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INTERVIEW
Essar Oil to unveil new brand for retail products
THE coming months will see the Rs 17,000-crore Essar Group stepping on the gas to expand its network for retail trading of petroleum products. The company's focus in this sector is, at present, on developing a distinct brand for Essar Oil, which ...
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SICK UNITS
It may be curtains for NTC showrooms too
AFTER its unviable textile plants lined up for closure and sale, it may be curtains on the National Textile Corporation's marketing set up as the public sector textile monolith is expected to come out with a notice any time now seeking to wind up ...
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OUTLOOK
RIL plans to double polyester capacity
RELIANCE Industries Ltd (RIL) plans to double its polyester manufacturing capacity to 11 lakh tonnes per annum from the current capacity of 5.5 lakh tonnes. According to a source, the company would be adding fresh capacity of 2.3 lakh tonnes of ...
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PERFORMANCE
Tata: Driving values into business
FINANCIAL year 2004 must have brought the smiles back at Bombay House, the headquarters of Tata Group. Key Tata companies have fared well, quarterly profits have been good and year-end figures are expected to follow the trend. ...
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Godrej: A giant off the fast-lane
THE Eastern Express Highway running into Mumbai through the eastern suburbs bears testimony to the strength of the Godrej group, which has straddled the Indian industrial scene for over 100 years. The Rs 4,500-crore group may no longer be on ...
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The Birla sunshine
RECENTLY, when Mr Kumar Mangalam Birla, Chairman, Aditya Birla Group, was named Businessman of the Year 2003 by Business India, a colleague, far removed from business journalism, was surprised. " Would such a ...
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Hindalco: Divergent trends in two divisions
ROBUST revenue and post-tax earnings growth dictated the financial performance of Hindalco Industries for the fourth quarter ended March 31, 2004. The performance of the two key segments of Hindalco - the aluminium and copper business, ...
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PEOPLE
The stamp of Ambanis
WHETHER it is Mukesh Ambani's spanking new Maybach or Anil Ambani running the Mumbai Marathon, hardly a day passes without the average Mumbaikar reading something about the Ambanis, arguably the city's first surname in ...
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Scoreboard
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