CORPORATE
ANNOUNCEMENTS
Mercedes completes trial run on biodiesel
`TOUR of India' - the first phase of the cross-country drive by DaimlerChrysler India Ltd (DCIL) with their Mercedes using the biodiesel generated from Jatropha plant, has successfully completed its trial run of 5,900 km. The drive involved ...
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General Motors launches MUV Tavera
GENERAL Motors today announced the launch of its multi-utility vehicle (MUV), Chevrolet Tavera in the Indian market. The entry-level model of the 10-seater vehicle, which is based on the platform of the Isuzu Panther, has been priced at a ...
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Maya Academy to set up 50 animation training centres
MAYA Academy of Advanced Cinematics (MAAC) plans to set up 50 training animation centres in places such as Dubai, Bangkok, Colombo and Dhaka, in the next one year. According to Mr Naveen Gupta, Vice-President, MAAC, ``We are in dialogue with ...
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AWARDS & HONOURS
e-Choupal bags inaugural 'World Business Award'
ITC Ltd's Internet-based rural project, `e-Choupal', has won the inaugural `World Business Award' instituted in support of the United Nation's Millennium Development Goals, says an official release by the company here on Wednesday. Announced ...
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AUDITING
Bid to prevent undercutting — ICAI prescribes base-level audit-fee
THE Institute of Chartered Accountants of India (ICAI), it appears, is keen to ensure that partners of mid-sized and large firms do not "under-cut" audit fees to the detriment of smaller firms and one-man practice units. The institute, which ...
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CORPORATE BONDS
Sardar Sarovar to pre-pay bonds
THE Sardar Sarovar Narmada Nigam Ltd has announced its intent to pre-pay the 20-year Deep Discount Bonds. The move will save the Nigam about Rs 6,100 crore but has been poorly received by the bond holders. The PSU has called a meeting of its ...
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MERGERS & ACQUISITIONS
GM hopes to sign Daewoo unit deal in 3 months
GENERAL Motors is expecting to sign a deal to buy Daewoo India's car assembly unit in the next three months which would help the company to enter the sizeable compact car segment in India, a senior company official said today. At present, ...
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BHW has big plans for Birla Home Finance
`We are a pure-play home finance company'.
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NEW PROJECTS
Sandoz opens third plant in India
SANDOZ, the second largest supplier of generics medicines in the world, has opened its third plant in India at Kalwe, Navi Mumbai. Built at a cost of $13 million (Rs 59 crore), the Kalwe facility is part of Sandoz's $80-million (Rs 365 crore) ...
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ALLIANCES & JOINT VENTURES
Tata Tele in pact with China Unicom
TWO large companies from the potentially largest telecom markets in India - Asia and China - have decided to associate with each other for understanding and cooperation in the Code Division Multiple Access (CDMA) space. Tata Teleservices ...
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SICK UNITS
FACOR begins steps to demerge into three entities — May get fresh equity of Rs 54.62 cr
FOLLOWING the directives of the Board for Industrial and Financial Reconstruction (BIFR) through the recently sanctioned restructuring package, Ferro Alloys Corporation Ltd (FACOR), the Rs 208-crore ailing ferro alloys major, has initiated steps ...
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PERFORMANCE
Jindal Stainless set to increase exports to China
LARGEST domestic stainless steel manufacturer Jindal Stainless Ltd is all set to increase its exports to China by another 50,000 tonnes during fiscal 2004-05 valued approximately at $60 million. For this, the company has entered into long-term ...
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DaimlerChrysler lines up new models for Indian roads
MAYBACH, an offering from the DaimlerChrysler, has created an atmosphere of excitement around itself since the beginning of the current calendar year. Variants from the C Class of Mercedes Benz, which includes the CLK (coupe in the C Class ...
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PEOPLE
New Ador Welding Managing Director
Baxter India head appointed GM for South-East Asia
TRENDS
Kerala: 85 cos registered in April
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