CORPORATE
ANNOUNCEMENTS
Apollo Tyres AGM on July 19
APOLLO Tyres Ltd (ATL) has said that the annual general meeting (AGM) of the company would be held on July 19. The company had earlier announced that the AGM would be held on July 23.A company official maintained that the date has been ...
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BHEL order book jumps to Rs 950 cr
BHEL posted a 26 per cent increase in its order book to Rs 950 crore from the service segment during 2003-04 over the previous fiscal. The order relates to extending services such as uprating, retrofitting and repair of power plants, a company ...
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NCCL bags Rs 238-cr orders
HYDERABAD: Nagarjuna Construction Company Ltd (NCCL) has secured orders worth Rs 238 crore. These include Rs 100 crore from Gujarat Water Resources Corporation Ltd for laying pipe line works for a lift irrigation project, Rs 39 crore from ...
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USFDA tentative nod for Ranbaxy's cholesterol drug
RANBAXY Laboratories Ltd has received tentative approval from the US Food and Drug Administration (USFDA), Office of Generic Drugs, to manufacture and market Fenofibrate tablets — a cardiovascular medication, used for the treatment of ...
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BUYBACK
Reliance Energy board to meet on June 9 to consider buyback
RELIANCE Energy Ltd (REL) told the Bombay Stock Exchange on Monday that its board of directors will meet on June 9, 2004 to consider the buy back of its equity shares. The company's shares along with those of other power sector companies, have ...
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CORPORATE BONDS
LLA rating for Bharti Tele NCD
ICRA, an associate of Moody's Investors Service, has assigned an LAA rating to the Rs 100-crore non-convertible debenture programme of Bharti-Televentures Ltd indicating high safety. This rating takes into account the company's position as the ...
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NEW PROJECTS
Adani group to develop Belekeri jetty for iron ore exports
THE Rs 10,600-crore Adani group has dropped anchor at the little known jetty of Belekeri in north Karnataka, giving a miss to the obvious destination of Mormugoa. The Ahmedabad-based group has chosen Belekeri as its answer to Mormugoa in a bid ...
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OUTLOOK
VIP group plans to consolidate business
THE Rs 400-crore VIP group, the Mumbai-based garment manufacturer, is contemplating consolidating its businesses into one or two companies. The group, which owns several brands in men and women's under garments and apparel sector, operates ...
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Rockwool to adopt new pricing strategy
HAVING suffered losses for not passing on the escalation in input costs onto the customers during last year, Rockwool (India) Ltd (RIL), the city-based industrial insulations producer acquired by the Mauritius-based Alghanim Industries, has ...
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PERFORMANCE
M&M: Driven by Scorpio
THE Scorpio effect is still evident in Mahindra & Mahindra's (M&M) performance during 2003-04. For a company that only has an eight per cent share of the domestic market for passenger vehicles, the performance of M&M's automotive divisio
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