CORPORATE
ANNOUNCEMENTS
Valecha Engg bags Vadodara airport contract
THE Mumbai-based Valecha Engineering Ltd, engaged in construction of high-end infrastructure and engineering projects, has bagged a Rs 15.21-crore project from Airports Authority of India (AAI) for upgradation of the Vadodara airport. The ...
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COURTS/LEGAL ISSUES
Dabur files contempt petition against Emami
DABUR India Ltd on Tuesday filed a contempt petition in the Delhi High Court against Emami Ltd and three of its officials for failing to withdraw the `Himani Sona-Chandi Amritprash' advertisement from television channels despite a May 28 HC order ...
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MANPOWER
BPCL terms VRS a success
BHARAT Petroleum Corporation Ltd will be trimmer by 445 people after the closure of its voluntary retirement scheme. The company, which was till recently on the block for sale of Government stake, described the response to the scheme as ...
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HUMAN RESOURCES
L&T to hire personnel with `more mature profile'
PARALLEL recruitments from the industry and from top-notch non-resident Indians with experience in engineering and construction projects - this is what the human resources department at Larsen & Toubro is currently looking to do for its ...
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MERGERS & ACQUISITIONS
Gulf Oil acquires bulk drug unit
GULF Oil Corporation Ltd (GOCL) has informed the stock exchanges that it has acquired the manufacturing facility of a bulk drug unit located at Hyderabad under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security ...
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Sterlite offers to buy 49 pc residual stake in Balco
THE Anil Aggarwal promoted Sterlite Industries Ltd has offered to buy out the Government residual stake of 49 per cent in the aluminium major Balco. Sterlite, which had acquired a controlling stake of 51 per cent in Balco for Rs 551 crore in ...
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NEW PROJECTS
IMC-L&T may get Ennore Port liquid cargo berth contract
THE IMC group-Larsen & Toubro combine is the frontrunner to bag the contract to construct the liquid cargo terminal at Ennore Port, according to reliable sources. The board of Ennore Port Ltd, which manages the port on the northern outskirts of .
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ALLIANCES & JOINT VENTURES
Indo Rama, Accenture sign outsourcing pact
INDO Rama has signed an agreement with Accenture to outsource its transaction-based finance functions. The agreement is designed to help Indo Rama improve business efficiency by allowing the company to focus on its core activities while ...
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KIOCL, SAIL to develop iron ore mines in Orissa
IN A strategic alliance to exploit their core competence in mining and steel making, the public sector companies, Kudremukh Iron Ore Company Ltd (KIOCL) and Steel Authority of India Ltd (SAIL) have decided to set up a joint venture to develop ...
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SOCIETY & DEVELOPMENT
Corporates roping in staff to take up social responsibility
EMPLOYEES are being drawn into corporate social responsibility activity, though voluntarily. Recent examples are Voltas Ltd and Godrej Sara Lee. Voltas Ltd has associated itself with a number of projects with various non-governmental ...
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PERFORMANCE
IOC: Refining margin rescues earnings
INDIAN Oil's performance in the fourth quarter of 2003-04 is a story of buoyant earnings in refining and loss of margins in marketing business. The company has reported a 10 per cent growth in turnover to Rs 36,235 crore while profit before ...
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