CORPORATE
ANNOUNCEMENTS
Randox launches biochip tech for clinical testing
THE launch of biochip technology for clinical diagnostics by Randox Laboratories, UK, is expected to revolutionise clinical testing methods in labs. This protein chip technology for clinical diagnosis is a fully automated procedure ensuring ...
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FINANCIAL PERFORMANCE
IISCO turns around; nets Rs 27 crore
RIDING on the back of a Government-approved revival package and aided by a global upturn in the steel sector, Indian Iron & Steel Co Ltd (IISCO) has turned around and registered a net profit after almost three decades. For the year ended March .
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Cummins India to pay 200 pc final
CUMMINS India Ltd board has recommended a 200 per cent final dividend including the already declared interim dividend of 100 per cent for the year ended March 31, 2004. It has recorded sales revenues of Rs 932.4 crore for the year ended March ...
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MERGERS & ACQUISITIONS
BIFR okays Ambuja Cement merger proposal
GUJARAT Ambuja Cements' proposal to merge Ambuja Cement Rajasthan Ltd with itself has received permission from the Board of Industrial and Financial Reconstruction. The approval provides for one equity share of Gujarat Ambuja (GACL) for every ...
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INTERVIEW
`Investment services yet to catch up in India'
WAY2WEALTH Securities Pvt Ltd, an investment consultancy firm, is chalking out a major expansion as it is gaining more customers across the country. In one year from now, Way2Wealth plans to have 100 outlets, from the present 45 in 21 cities. ...
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OUTLOOK
Swaraj Mazda plans foray into 10-16 t segment
WITH an aggressive expansion strategy in place, commercial vehicles manufacturer Swaraj Mazda is evaluating a foray into higher tonnage vehicles as well as charting out a thrust on exports in the current fiscal. The company's forte at present ...
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Sanofi acquisition — `Only incremental effect on Aventis'
"IT is too premature and we don't want to get into speculation," is what Dr Vijay Mallya, Chairman of Aventis Pharma Ltd said of the impact expected in India, following the recent global acquisition of Aventis by France's Sanofi-Synthelabo. ...
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HLL identifies its weaknesses
FMCG major, Hindustan Lever Ltd (HLL), has identified its complex supply chain configuration, price positioning in some categories and high social costs in the plantation business as its weaknesses as a part of the SWOT analysis for the ...
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New Holland India to become sourcing hub for components
CNH Global, the world's largest agricultural equipments company, is betting big on component and services sourcing from India. While the company's Indian subsidiary New Holland Tractors India has already commenced exporting components from ...
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PERFORMANCE
GM Opel models beginning to show signs of growth — `Production constraints a drag on operation'
AFTER a big slide in 2003, General Motors' Opel models are beginning to show signs of growth but production constraints continue to bog down the Indian operations of the world's largest carmaker. "Even now we have production constraints ...
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Ingersoll Rand net rises 21 pc
INGERSOLL-RAND India Ltd said its net profit for the financial year 2003-04 jumped 21 per cent to Rs 48.64 crore from Rs 40.18 crore a year ago. Total income of the company for the last financial year was Rs 477.55 crore, up by mere 3.14 per ...
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