CORPORATE
ACCIDENTS
Apollo's Chennai centre operations disrupted by fire
OPERATIONS in Apollo Specialty Hospital located in Chennai's Teynampet suburb have been disrupted following a fire in the generator room on July 6. A company press release said that one employee died and two were critically injured on account ...
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RESEARCH & DEVELOPMENT
Alstom to make India global production hub
French engineering giant Alstom is planning to set up a research and development (R&D) centre in Bangalore and upgrade its Vadodara and Delhi operations as part of plans to make India its global manufacturing hub and exports base. "The company .
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ANNOUNCEMENTS
Dodsal bags 3 contracts in Sudan
THE Dubai-headquartered Indian firm Dodsal Group has secured three contracts totalling $230 million in Sudan, covering all engineering, procurement and construction (EPC) activities in the oil field sector. Dodsal said in a statement that the ...
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OVERSEAS BORROWINGS
Foreign currency loans losing appeal
INDIAN corporates raising cheaper funds in the overseas markers may soon be dealt a double whammy! The impending threat of a global hardening in interest rates, coupled with apprehensions of a possible depreciation in the rupee may soon leave ...
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AWARDS & HONOURS
Amara Raja bags Ford supplier award
FORD Motor Company has recognised Amara Raja Batteries as one of its top suppliers for 2003 and awarded it the World Excellence Award (silver). The World Excellence Award provides annual recognition based on quality, cost and delivery ...
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MERGERS & ACQUISITIONS
Reliance acquires NIS Sparta
RELIANCE Industries Ltd has bought out management consultancy firm NIS Sparta for an undisclosed amount. The move comes after Reliance identified synergy with NIS Sparta in view of its own commitment to the retail, telecom, petroleum and other ...
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OVERSEAS INVESTMENTS
`UK is top European FDI destination for Indian cos'
THE number of Indian businesses investing in the UK has increased by 47 per cent in 2003-04 over the previous year. The latest figures published by UK Trade & Investment also confirm the UK's position as the top European investment location for .
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TRADE & LABOUR UNIONS
No child labour in Sanghi Spg Ind, says Minister
THE Andhra Pradesh Minister for Labour and Employment, Mr G. Vinod, told the State Assembly on Wednesday that child labour was not employed by Sanghi Spinning Industries (SSI), drawing vociferous protests from the members of the Opposition Telugu ...
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BHPV unions say no to VRS plan
THE unions in Bharat Heavy Plates and Vessels (BHPV) have opposed a proposal for VRS mooted by the management as a part of the Rs 280-crore revival package for the unit under the consideration of the Union Industries Ministry, and urged the ...
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ALLIANCES & JOINT VENTURES
Valecha Engg ties up with Ukrainian co for high-end projects
VALECHA Engineering Ltd, engaged in execution of high-end infrastructure and engineering projects, is all set to bring Ukrainian expertise in taking up infrastructure projects involving complicated tunnelling works into India. The company has ...
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BONUS ANNOUNCEMENTS
Infy completes bonus issue
OUTLOOK
Maruti hopes to cross half-million mark this year
MARUTI Udyog Ltd, the country's largest carmaker, expects to cross the half a million mark in sales this fiscal riding on the launch of new models including its latest New Look Maruti and Baleno by garnering a higher share in the A3 or C segment ...
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PERFORMANCE
Hyundai June sales rise 39 per cent
HYUNDAI Motor India Ltd sold 17,889 cars in June, a 39 per cent increase over the 12,843 cars it sold in June 2003. During June, the company sold 12,195 cars in the domestic market and exports accounted for 5,694 units. It sold 15,456 units ...
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Indira Sagar project turns profitable within three months — Work going on ahead of schedule
IN a noteworthy achievement, Narmada Hydroelectric Development Corporation (NHDC) has registered a profit in the first three months of the partial commissioning of its power project at Indira Sagar in Madhya Pradesh. The company posted a ...
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Eicher CV sales up 20 pc in Q1
EICHER Motor Ltd has recorded a 20 per cent growth in the sales of its commercial vehicles during the first quarter of the current fiscal with sales of 3,657 vehicles as against 3,059 in the corresponding period last year. Sales during the ...
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PEOPLE
Mahesh Bagrodia dead
MR Mahesh C. Bagrodia, Managing Director, Aditya Birla Management Corporation, passed away on Tuesday after a brief illness. He was 66. Mr Bagrodia worked with the Aditya Birla Group for over three decades. He worked closely with late Aditya ...
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New CEO for K Sera Sera
MUMBAI: Film production company, K Sera Sera Production Ltd, has announced the appointment of Ms Kacon Sethi as its CEO heading the company's operations in India. Ms Sethi was earlier the Executive Vice-President (VP), Network Sales & ...
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NEW PRODUCTS & SERVICES
Tata Motors to invest Rs 800 cr on capacity expansion, new products — Launches new Sumo version
AUTOMOBILE major Tata Motors on Wednesday said that it would spend over Rs 800 crore in the current fiscal towards product development and capacity expansion. According to Mr V. Sumantran, Executive Director (Passenger Car Unit), Tata Motors, ...
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