CORPORATE
ANNOUNCEMENTS
ONGC to expand Tripura capacity
ONGC plans to invest Rs 400 crore to step up natural gas production capacity in Tripura from 1.7 million cubic metre to 4.5 million cubic metre by 2007. Almost 90 per cent of the production in the State will be used for captive consumption in ...
More
Reliance Energy forms leadership council
The company spokesperson reiterated that the REL board had asked the six directors to "reconsider" their resignations.
More
Skoda launches upgrade scheme
SKODA Auto India, a group company of the German automotive major, Volkswagen AG, has rolled out an innovative branded upgrade programme christened Signature here today. It plans to launch a range of cars in 2005 entering new segment categories ...
More
I-Tech develops control panels for industrial floor cleaning equipment
I-Tech Solutions has been in the business of making electronic control panels and has serviced clients like Elgi.
More
Avon plans 2 new products
HYDERABAD: Avon Organics Ltd (AOL), the city-based pharmaceutical company, is planning to introduce two high value added intermediates in its Diketene division. In a release to the stock exchanges, the company said these products find ...
More
ABT Maruti service centre at Madukkarai
COIMBATORE: ABT Maruti has set up a temporary service centre at the Tamil Nadu - Kerala border in Madukkarai, on the outskirts of Coimbatore to ensure trouble-free drive to Sabarimala pilgrims. With more and more pilgrims undertaking ...
More
CORPORATE DISPUTES
Illegal routing of ILD calls: CPI(M) demands dismissal of TRAI chief
THE CPI(M) on Monday asked the Government to dismiss the Chairman of the Telecom Regulatory Authority of India (TRAI), Mr Pradeep Baijal, for acting in "connivance" with private operators in avoiding payment of access deficit charges (ADC) to ...
More
Ambanis seek `settlement' proof from Mukesh
THE battle lines are finally being drawn between the two Ambani brothers, Mr Mukesh and Mr Anil, over control of Reliance. As a precursor to what may have far-reaching consequences for the Rs 90,000-crore Reliance empire, the Ambani family ...
More
MERGERS & ACQUISITIONS
Sterling buys remaining 35 pc in Barista from Tatas
THE Sterling Infotech Group has acquired the remaining 35 per cent stake in Barista Coffee Company Ltd from Tata Coffee Ltd, making it a wholly-owned entity of the group, a company press release said. Financial details of the deal that was ...
More
NEW PROJECTS
Suryalakshmi Cotton plans Rs 20-cr expansion
SURYALAKSHMI Cotton Mills Ltd plans to embark on a Rs 20-crore expansion plan, which includes increasing its denim manufacturing capacity from 20 million metres per annum to 30 million. According to the company, it also proposes to add 5,000 ...
More
ALLIANCES & JOINT VENTURES
Kamal Nath stays mum on Press Note 18
The Minister for Commerce and Industry, Mr Kamal Nath, failed to announce what prospective foreign investors attending the India Economic Summit here would have liked to hear most. More so when the policy amendment, which would have been music to ...
More
INTERVIEW
`Supply side of tourism needs re-look'
AFTER the demand side paradigm of the nineties, the supply side is becoming critical in current tourism planning. With more and more properties coming up in well-established locations, the quality of the experience or the quality of the local ...
More
RIGHTS ISSUE
Southern Online files prospectus for rights, public issue
SOUTHERN Online Bio Technologies Ltd has announced that it has filed its draft prospectus with the Securities and Exchange Board of India (SEBI) on Monday for the proposed rights cum public issue. In a press release here, the company said it is ...
More
SICK UNITS
FACT crisis likely to deepen as Kerala Govt turns down proposals
THE crisis in Fertilisers and Chemicals Travancore Ltd (FACT) is likely to aggravate following the State Government's reported decision not to accede to the demands of the premier fertiliser unit as part of its revival proposal. The State ...
More
OUTLOOK
M&M bullish on tractor market
MAHINDRA & Mahindra Ltd is seeking to maintain its strong market share in the competitive tractor category with an aggressive product strategy. The company, which has a 26.5 per cent market share, on Monday announced the launch of two new tractor
More
M&M eyes E. Europe for tractor assembly
MAHINDRA & Mahindra is looking at the East European region for commencing assembly operations of tractors. A senior company official confirmed the same, though not revealing which countries the company is looking at in the region. According ...
More
Merck to re-enter India; to forge R&D alliances
THE second largest pharmaceutical company in the US, Merck & Co is planning to re-enter the Indian market and is looking at forging alliances in the research and development space. Besides this, the company is also considering conducting ...
More
PERFORMANCE
Tata Motors Nov vehicle sales up 24.4%
TATA Motors on Monday reported a 24.4 per cent increase in total sale of vehicles (including export) to 31,428 units in November 2004 as against the previous corresponding 25,255 units during November 2003. Commercial vehicle (CV) sales for ...
More
Matsushita Air-Conditioning to cut production in India
FACED with a steady erosion in market share, thanks to stiff competition from its Korean rivals, Matsushita Air-Conditioning India Pvt Ltd is all set to drastically curtail its manufacturing operations in India and use Malaysia as a base to ...
More
Scoreboard
SE Diary
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds