Terex Vectra Equip. invests $12 m in Indian facility
CONSTRUCTION equipment maker Terex Vectra Equipment today announced the launch of its Indian operations and said that it has made an initial investment of $12 million (around Rs 53.4 crore) for this. Terex Vectra Equipment, a 50:50 joint ...
ABB unveils new wiring accessories
ABB Ltd has launched a new range of wiring accessories including switches, regulators and sockets for the Indian market. The company has invested Rs 15 crore towards manufacturing this new line of products till date, the Managing Director, Mr ...
Aarti Drugs plans unit in China
AARTI Drugs Ltd (ADL), which develops processes for active pharma ingredients (APIs) and intermediates, is planning to have an API manufacturing facility in China to route its exports to regulated markets as well as the Chinese ...
Tata Power board to meet for raising funds
Tata Power Company on Monday told the Bombay Stock Exchange that its board of directors will, on May 12, discuss plans to raise funds for the company's present and future needs. The company, however, did not specify how much money it would ...
Volvo shifts to new platform as truck sales take a dip
TRUCK maker Volvo India has shifted to a completely new platform for trucks even as its sales for 2003-04 dropped in several segments. The Volvo India Managing Director, Mr Ulf Nordqvist, told Business Line that the company has shifted ...
Indo Rama Synthetics hikes yarn prices
INDO Rama Synthetics (I) Ltd (IRSL) has increased the basic price of 130/34 partially-oriented yarn (POY) by Re 1 per kg effective from May 1. The basic price of 130/34 POY has been pegged at Rs 68.25 per kg. A statement issued by the ...
Reliance raises product prices
RELIANCE Industries Ltd on Monday raised prices of four of its petrochemical products. Prices of polyester intermediary products mono-ethylene glycol was raised to Rs 47.75 per kg from Rs 45.95 per kg last month, purified terephthalic acid ...
Dr Reddy's moves US hqrs to New Jersey
DR REDDY'S Laboratories Ltd has announced that it has shifted its North American headquarters from its old home office in Upper Saddle River in New Jersey to more modern facilities in the Somerset Corporate Centre at Bridgewater in central New ...
IVRCL bags housing project
Will `dual practice' become a thorny issue? Institutes' coordination committee to meet this week
WILL allowing `dual practice' become a thorny issue for the three professional institutes company secretaries, chartered accountants and cost & works accountants that are making efforts to create a synergy between their ...
PFC gets ECB clearance to raise $100 million
POWER Finance Corporation (PFC) has obtained permission from the Government to go ahead with an external commercial borrowing of $100 million. PFC will be raising the funds from the overseas markets by the end of the month, senior PFC officials ...
HEG to pay 30 pc
NEW DELHI: GRAPHITE Electrode manufacturer HEG Ltd, a LNJ Bhilwara Group company, has reported a net profit of Rs 51.02 crore on a gross income of Rs 480.60 crore for the year ended March 31, 2004. The board of directors of the company ...
Hewitt launches `Best employers in India 2004'
HEWITT Associates, a global human resources outsourcing and management consulting firm, on Monday announced the launch of the `Best Employers in India 2004' research study in association with CNBC India. The `Best Employers' research, ...
Riding on convertibles in global markets
EVEN those who dreamed up the best-selling Indica at Tata Motors or the stylish Scorpio at M&M would have hardly imagined that foreign investors would fiercely undercut one another to own their "convertibles". These companies recently sold some .
Amit recast plan okayed
SBI Caps made lead arranger for MCF coke unit financing
MANGALORE Chemicals & Fertilizers Ltd (MCF) has appointed SBI Capital Markets as its lead arranger to structure the financing of its proposed Rs 360-crore metallurgical coke manufacturing facility. "We are looking into the various aspects of ...
REGULATORY BODIES & RULINGS
Panel told to fine-tune proposal to grade Companies Act violations
THE Department of Company Affairs (DCA) has asked the committee examining existing penalty and compounding provisions under the Companies Act to fine-tune its proposal to grade violations under the Act. The Department, according to informed ...
ALLIANCES & JOINT VENTURES
Ashok Leyland broadens scope of pact with ZF
ASHOK Leyland Ltd has signed a collaboration agreement with ZF of Germany, world leader in transmission, for local manufacture of ZF's 9-speed synchromesh gearbox. "Leading commercial vehicle manufacturers in Europe, Japan and Asia, currently ...
Manipal ties up with Quintiles for clinical trials
THE Manipal Group has tied up with Quintiles Research (India) Pvt Ltd to be its preferred national partner in clinical trials in India, Nepal and South East Asia. According to the agreement they have signed, Quintiles will have access to ...
SAR Silicon to join EaglePicher to enter auto battery sector
SAR Silicon Systems, a manufacturer of UPS systems and inverter batteries familiar with the Luminous brand, has sewn up plans to foray into automotive batteries in partnership with the US-based $685-million EaglePicher Inc, to be produced in the ...
Abu Dhabi signs MoU with Volkswagen
THE Abu Dhabi Government has signed a memorandum of understanding with Germany's premier carmaker Volkswagen for industrial cooperation, according to the official Emirates News Agency, WAM. The MoU was signed in ...
`Film industry has the potential to grow 70 pc'
THE Indian film and entertainment industry has a tremendous export potential, not merely in the Indian Diaspora market but across a larger universe of movie lovers around the globe, says Mr Amit Khanna, President, Film Producers' Guild of ...
Tatas' common branding paying
THE Tata group, which started a common branding strategy for all companies in its fold in the 1990s, has seen the share of brand-driven segment increase in both sales turnover and profit after tax. From 22 per cent of sales turnover in 1992-93, ...
TVS Motor sales slip in April
TVS Motor Company's total two-wheeler sales in April 2004 stood at 81,032 units compared to 84,747 units, during the same period last year. The April sales of motorcycles dropped by one-fifth compared to the same month last year. TVS Motor ...
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