CORPORATE
ANNOUNCEMENTS
Anil Nanda skips board meet — Escorts passes Rs 100-cr term loan proposal
THE board of directors of Escorts Ltd has passed a proposal to raise a term loan of Rs 100 crore at the company's board meeting. The loan is to be raised by pledging a range of securities with the Life Insurance Corporation (LIC). The ...
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BHEL bags SAIL contract
BHARAT Heavy Electricals Ltd (BHEL) has bagged a Rs 94-crore contract from Steel Authority of India Ltd (SAIL) to set up a compressor package unit for the SAIL's Rourkela steel plant. The contract includes design, manufacture, testing and ...
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Century Plyboards offers decorative laminate
CENTURY Plyboards (India) Ltd is diversifying its product range to offer Century Mica, a decorative laminate. According to a company release, Century Mica is a high-pressure laminate that comes with a seven-year guarantee against manufacturing ...
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OVERSEAS BORROWINGS
Tata Power plans to raise $500 m in global market
The board of directors of company, which met on Wednesday, approved the proposal, a press release from the company said. The funds will be used to meet capital expenditure for its various on-going projects. These include the 330 MW hydropower ...
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INSIGHT
Earnings improve in March quarter
THE financial performance of the 1,000 companies that have declared results for the January-March quarter has left corporate India beaming. Aggregate total income and aggregate post-tax profit of these companies grew by 21 per cent and 36 per ...
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GENDER
Coke to train women executives
COCA-Cola India has rolled out a project to honour talented Indian women by introducing a specially-designed "gender diversity" initiative that aims at inducting a fresh batch of women executives to handle frontline sales function. The project ...
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MERGERS & ACQUISITIONS
Khanna Hotels consortium wins bid for new resort at Bekal
A CONSORTIUM led by the Mumbai-based Khanna Hotels has emerged as the successful bidder for one of the remaining three resort sites at Bekal in Kerala's Kasargod district. The consortium won the bid to develop the `RS5' resort site, which ...
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OUTLOOK
LG India aims Rs 15,000-cr turnover by 2007 — To invest Rs 1,000 crore in domestic operations
LG ELECTRONICS India Pvt Ltd (LGEIL), the Indian subsidiary of Korean consumer electronics major LG Electronics is targeting a turnover of Rs 15,000 crore by 2007 and proposes to close the current calendar year with a turnover of Rs 7,000 crore. ...
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Usha Martin may begin production in Badajamda by October
PRODUCTION at Usha Martin Ltd's newly-acquired iron ore mine at Badajamda in the Jharkhand-Orissa border is expected to commence by October this year. The company is also awaiting environmental clearances before commencing production at its ...
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Shaw Wallace aims to triple profit in 3 years
SHAW Wallace & Co Ltd has set for itself an agenda of tripling its profits in three years. During the financial year 2003-04, while the revenues of the liquor business increased by more than 20 per cent to Rs 1,014 crore from Rs 840 crore in ...
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Shiva Cement's search for partner proving elusive
IT is for the second time in four years that the Rourkela-based Shiva Cement Ltd has failed to find a strategic partner despite several attempts made by its merchant banker. In August 2003, the board of directors of Shiva Cement mandated SBI ...
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Centaur Srinagar to add more rooms
TO capitalise further on the increasing tourist arrivals in Jammu and Kashmir, the Air India (AI) subsidiary Centaur Hotel Srinagar is getting another 25 rooms ready within the next 10 days. The decision to ready more rooms and thereby offer ...
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