CORPORATE
ANNOUNCEMENTS
NDTV's cautionary notice on FII, NRI investment
THE Prannoy Roy-promoted New Delhi Television (NDTV) on Saturdayissued a cautionary notice forbidding foreign institutional investors (FIIs), non-resident Indians (NRIs) and companies controlled by persons residing outside India to buy, sell, ...
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Nagarjuna Fertilisers to divest holding in Pennar Industries
TAKING advantage of the buoyant stock markets and also the approval of banks and financial institutions for the corporate debt restructuring (CDR) package to Pennar Industries Ltd (PIL) recently, Nagarjuna Fertilisers group has decided to ...
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Tata Chem board meet on addl funds
MUMBAI: Tata Chemicals Ltd has informed the BSE that a meeting of its board is scheduled for December 16 to consider a proposal for raising additional long-term resources to fund the company's future expansion plans. Recent news reports ...
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Essar Oil, Castrol sign pact
MUMBAI: Essar Oil Ltd and Castrol India Ltd on Saturday signed an agreement for sale of Castrol lubricants through Essar Oil fuel outlets throughout the country. Mr Naveen Kshatriya, Managing Director, Castrol India, said in a press ...
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PREFERENTIAL ALLOTMENTS
Neuland to mull share warrant issue
HYDERABAD: Neuland Laboratories Ltd has informed the stock exchanges that a meeting of its board of directors is scheduled for December 17 to consider and allot share warrants to the promoters. The company plans to make the allotment ...
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AP Tanneries to issue pref shares
HYDERABAD: Andhra Pradesh Tanneries Ltd has informed the stock exchanges that its board of directors has approved issue of 16.26-lakh equity shares of Rs 10 each by way of preferential allotment to promoters of the company. Further, the ...
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CORPORATE DISPUTES
In every adversity, there is an opportunity, Anil reminds family
AS a battle of sorts rages within the promoter family of Reliance Industries, Mr Anil Ambani, its Vice-Chairman, has reminded his family that in every adversity, there is an opportunity. "I would like to remind my respected elder brother ...
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AWARDS & HONOURS
ISB honour for Anil Ambani, K.V. Kamath
THE Indian School of Business (ISB) has chosen Mr Anil Ambani and Mr K.V. Kamath for ISB Icon awards for 2004. The awards were in recognition to their invaluable contributions to the Indian School of Business. The awards were handed over to ...
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Anil Ambani voted `CEO of the Year'
THE Chairman and Managing Director of Reliance Energy Ltd, Mr Anil Ambani, has been adjudged the `CEO of the Year' at Platts 2004 Global Energy Awards. A press release from Reliance Energy said the award was conferred on Friday at the Plaza Hotel ...
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SICK UNITS
BIFR charts revival plan for Mangalam Cement
THE Board for Industrial and Financial Reconstruction has circulated a draft rehabilitation scheme for Mangalam Cement Ltd (MCL). Promoted by Kesoram Industries Ltd, a company belonging to the B.K. Birla Group of companies, the company was ...
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OUTLOOK
`DaimlerChrysler India still facing problems with euro' — Expects to cross sales target
DAIMLERCHRYSLER has said it is still facing problems with the rupee depreciating against the euro but expects to cross the revenue and profit projections for 2004. "We are still facing problems with euro," the DaimlerChrysler India Chief ...
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Bharat Forge draws revenue plans for German outfit
The company's China plans (it had exports of Rs 100 crore last fiscal to China, mainly to FAW and Dong Feng) are reserved for the medium-term, but its US plans may bear fruit earlier.
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PERFORMANCE
Ashok Leyland's sales rise in Nov
CHENNAI: Ashok Leyland has reported a pick-up in sales in November. The company sold 4,349 vehicles in the month compared with 4,140 in the same month last year. With that, total sales during April-November added up to 31,285 against ...
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PEOPLE
Tanishq COO Harish Bhat to quit
MR Harish Bhat, the head of Titan Industries Ltd's branded jewellery business, Tanishq, is moving out of the company, according to informed sources. Mr Bhat who spearheaded the Rs 400-crore Tanishq operations as the Chief Operating Officer ...
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