CORPORATE
ANNOUNCEMENTS
Marks & Spencer gets ready for sourcing base in Bangalore
MARKS & Spencer, the UK-based retailer with over 540 stores in 30 countries, is setting up a sourcing centre in India for direct and increased operations from the country. The sourcing office, scheduled to begin operations in August this ...
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Paradeep Carbon to supply coke to Nalco
PARADEEP Carbon Ltd (PCL), a 100 per cent subsidiary of Goa Carbon Ltd (GCL), has won an annual order from the National Aluminium Company (Nalco) to supply 30,000 tonnes of Calcined Petroleum Coke (CPC), worth Rs 36.91 crore. Goa Carbon (GCL) ...
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Reliance Clinical looks to tap US, Europe markets
RELIANCE Clinical Research Services (RCRS), part of the Reliance Group, is looking to tap the clinical research segment in the US and Europe. With the aim of becoming a global contract clinical research services provider, RCRS supports the ...
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Kerala State Beverages Corp denies allegations
THIRUVANANTHAPURAM: The public sector Kerala State Beverages Corporation (KSBC) has dismissed as frivolous allegations levelled against it on the issue of incentives supposedly received by it from manufacturers of Indian-made foreign ...
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SHORT TERM INSTRUMENTS
BEL retains rating for debt programme
ICRA has retained its highest safety rating for BEL's Rs 200-crore short-term debt programme. The A1+ rating takes into account BEL's strong position in supply of strategic equipment to the defence forces, its majority ownership by the Centre, ...
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NEW PROJECTS
Essel Propack commissions caps unit in US
ESSEL Propack has commissioned its caps and closures manufacturing facility at Danville, US. This new Strategic Business Unit has commenced commercial production in the first quarter of 2004. This manufacturing facility is located within ...
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BILT plans Rs 500-cr capacity expansion
BALLARPUR Industries Ltd (BILT) is planning to set up a new 200,000 tonnes per annum (TPA) paper manufacturing facility at its Bhigwan unit, near Pune, at a cost of nearly Rs 500 crore. "We are planning to increase the capacity of the Bhigwan ...
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IPOS
Get Google's email — for a price
EVEN as Google is gearing up for its IPO, bids are being sought on eBay and elsewhere for participation in the company's new e-mail service, which is still in beta testing scheduled to continue for three to six months. Google had offered the ...
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STANDARDS & BENCHMARKS
US FDA inspects Aurobindo units
AUROBINDO Pharma Ltd, manufacturer of active pharmaceutical intermediaries, has announced that its two units on the outskirts of the city have gone through inspection by the officials of the US Food and Drug Administration. The unit-2 (API ...
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SICK UNITS
IDBI cuts interest rates on loans for SCML
INDUSTRIAL Development Bank of India (IDBI), the lead term lender to Suryalakshmi Cotton Mills Ltd (SCML), has reduced the interest rate from 13 per cent to nine per cent a year on the long-term loans and debentures sanctioned to the ...
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OUTLOOK
LeasePlan on growth path; to enter fuel management
KEEN on keeping vehicular transport costs under control, Indian corporates are increasingly outsourcing purchase and maintenance of their vehicles to specialist fleet management companies. LeasePlan Fleet Management India, a 100 per cent owned ...
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PERFORMANCE
Ashok Leyland sales double in April
ASHOK Leyland's sales have doubled in April this year compared to April 2003. Its sales of medium duty vehicles (MDV) in the domestic market have doubled and exports increased significantly. Sales of light commercial vehicles (LCVs) have also ...
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Indo-Count net profit up 400 per cent
THE net profit of Indo-Count Industries Ltd for the fourth quarter ended March 31, 2004, shot up by 400 per cent to Rs 4.95 crore against Rs 99 lakh in the same period last year .Its turnover rose to Rs 32.95 crore from Rs 26.97 crore in the ...
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PEOPLE
J.S. Javali is HMT Machine Tools CMD
MR J.S. Javali, who has been the Group Manager of Machine Tools Marketing, has been made the Managing Director of HMT Machine Tools Ltd, a subsidiary of HMT Ltd. Mr Javali succeeds Mr C.J. Aneja as the MD of HMT Machine Tools following his ...
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