CORPORATE
ACCIDENTS
Fire at Gulf Oil R&D centre
A FIRE destroyed portions of the Wet Chemical Laboratory of the research and development (R&D) Centre of Gulf Oil Corporation Ltd in Kukatpally here on Wednesday afternoon. Nobody was injured since the accident occurred during lunchtime around ..
More
ANNOUNCEMENTS
Monnet Ispat plans to boost captive mine capacity
MONNET Ispat Ltd is planning to increase coal production from its captive mine at Raigad in Chhattisgarh to 1.5 million tonnes per annum. With an investment of about Rs 100 crore in phases, this would make it the largest underground coal mine ...
More
Hindustan Paper unit in Cachar still under flood waters
THE villages near Naogaon and most areas around Hindustan Paper Corporation's mill at Cachar in are still under flood waters, resulting in disruption of production at the company's two paper mills in Assam, each with a capacity to produce more ...
More
Arvind to shift Mauritius facilities to India
ARVIND Mills Ltd (AML) has announced plans to shift its existing denim and garments manufacturing facilities from Mauritius to India by December 2004. This includes an eight million-metre denim manufacturing facility and a two million-piece ...
More
20% bonus for Tata Steel staff
MUMBAI: Tata Steel on Wednesday announced that it has concluded its annual bonus agreement for the year 2003-04. As per the memorandum of settlement between the company and the Tata Workers' Union, the annual bonus linked with production ...
More
CORPORATE DISPUTES
Birlas file counter to Lodha petition in HC
MR K.K. Birla, Mr B.K. Birla, Mr G.P. Birla and Mr Y. Birla on Wednesday filed four separate oppositions to the petition filed by Mr R.S. Lodha seeking discharge of the caveats filed by the four Birlas, in the probate proceedings of the last will ...
More
AWARDS & HONOURS
Welspun India gets operational excellence award
J.C. Penney, which is one of the largest retailers in the US, has conferred the "Operational Excellence Award" for 2003 on Welspun India. According to a press release, J.C. Penney has adjudged Welspun India, as it's the best global vendor for ...
More
HUMAN RESOURCES
Indian CEOs find favour with new economy MNCs
MULTINATIONAL corporations are increasingly relying on Indian CEOs, at least when it comes to the new economy sectors. A dipstick survey of 100 top multinational corporations, that have their presence in the country through wholly or majority ...
More
MERGERS & ACQUISITIONS
Reliance gets EC nod for Trevira acquisition
THE European Commission has approved Reliance Industries Ltd's acquisition of the German specialty polyester manufacturer Trevira. Approval from the regulator was essential for completing the Rs 440-crore acquisition, which will make RIL the ...
More
NEW PROJECTS
Apollo-Gleneagles to set up 2 more hospitals in India
APOLLO-Gleneagles Hospitals Ltd, a 50:50 joint venture between Apollo Hospitals Ltd and Parkway Group of Singapore, has planned two more hospitals in the country. The group's first hospital is located here. Mr Joshua M. Goh, Director of ...
More
ALLIANCES & JOINT VENTURES
GlobeMed, Happy group join hands to train nurses for US
THE Virginia-headquartered global medical staffing major, GlobeMed Resources, has tied up with Happy e Services, a division of the Kolkata-based Happy Group of Companies, to provide training to Indian nurses and recruiting them to permanent ...
More
Ashapura Minechem, Chinese aluminium co form joint venture
IN a bid to capture the growing demand for alumina in China, Ashapura Minechem and Sichuan Aostar Aluminium Corporation of China have come together to set up a 50:50 joint venture company to produce one million tonne alumina. The projected ...
More
Mohan Breweries, D1 Oils plan joint venture for bio-diesel
D1 Oils Plc of Britain and the Chennai-based Mohan Breweries and Distilleries Ltd are planning a joint venture to produce bio-diesel, an automobile fuel from plants. According to a press release from the British Deputy High Commission, which is ...
More
Apollo Hospitals, Yemeni co pact
CHENNAI: Apollo Hospitals has announced that it has entered into a partnership with Yemen's Hayel Saeed Anam Group to provide advisory services to the latter's hospital project. A company release said that it would provide consultancy ...
More
STANDARDS & BENCHMARKS
ITC environment programme aims for global standards
The environment, health and safety programme is on the corporate environment, occupational health and safety in all of ITC's manufacturing units and owned hotel properties.
More
SICK UNITS
Revamped NTC revival package on cards
EVEN as the Government has raised, through its own guaranteed bonds, Rs 1,800 crore to meet the obligations of voluntary retirement schemes, revival and modernisation of the mills under the National Textile Corporation (NTC), efforts are under ...
More
OUTLOOK
Ford eyes operational profits
NEW DELHI: Ford Motor India on Wednesday said it will post would be posting operational profits this year, as the company clocked a robust growth in the first seven months of the year. The company, which sold a total of 41,956 vehicles ...
More
Scoreboard
SE Diary
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds