CORPORATE
ANNOUNCEMENTS
Tata Motors, MG Rover to roll out new versions in UK, European markets
TATA Motors Ltd and Phoenix/MG Rover Group, in a joint statement today, reiterated their commitment to the City Rover in the UK and European markets. "The annual business plan review that assessed market dynamics and competitive offerings in ...
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Gufic Bio's new products
MUMBAI: Gufic Biosciences Ltd has launched three new products in the market, the company told the Bombay Stock Exchange on Monday. The company said that its biotech division has developed new products related to infertility, cataract ...
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Oppenheimer stake in Divi's
HYDERABAD: Divi's Laboratories Ltd has informed the stock exchanges on Monday that Oppenheimer Funds Inc of HSBC CNC has crossed five per cent equity holding threshold limit in the company through fresh market acquisition. According to ...
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Wartsila bags generator contract
NEW DELHI: Wartsila has been awarded its first contract for the operation and maintenance of a coal-based steam turbine generator plant of a leading cement manufacturer. The contract is for operating and maintaining a 15-MW power plant ...
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BUYBACK
Reliance board to consider share buyback on Dec 27
RELIANCE Industries Ltd has called a meeting of its board of directors next Monday to discuss buying back equity shares from investors who want to exit. The company on Monday informed stock exchanges that a share buyback would be among the ...
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Reliance Energy extends buyback
RELIANCE Energy Ltd on Monday extended the buyback programme of its equity shares up to March 17, 2005. This will be the second extension to the buyback since it was announced on June 14. On June 14, REL had announced a buyback that was to end ...
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The largest buyback that never was
IN April 2000, Reliance Industries had announced what was positioned as "the largest buyback programme" in Indian corporate history. The buyback was priced at Rs 303 per share and the company set apart Rs 1,100 crore for this purpose. This was ...
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PREFERENTIAL ALLOTMENTS
AP Tanneries EGM on Jan 18
HYDERABAD: Andhra Pradesh Tanneries Ltd has informed the stock exchanges on Monday that an extraordinary general meeting of the company would be held on January 18 to seek the consent of shareholders for the proposed preferential offer to ...
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MANPOWER
Colgate announces VRS
MUMBAI: Colgate Palmolive (India) Ltd has announced a voluntary retirement scheme for employees at its manufacturing facility at Aurangabad. "This initiative is being undertaken to address the long-standing issue of surplus manpower and ...
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MERGERS & ACQUISITIONS
TajGVK buys Chennai hotel property for Rs 32 cr
TAJGVK Hotels & Resorts Ltd, a joint venture between Indian Hotels Co Ltd (a Tata group company) and the Hyderabad-based G.V.K Group, has acquired a hotel property, off arterial Anna Salai, in Chennai for Rs 32 crore. Mr G.V. Krishna Reddy, ...
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ALLIANCES & JOINT VENTURES
Jessop inks pact with McKinsey Hydrocarbons
JESSOP & Co has entered into a technical collaboration with McKinsey Hydrocarbons, an Australian engineering major, to meet the requirements of the oil and natural gas sector. It expects to register a turnover of around Rs 50 crore from the ...
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INTERVIEW
Elgi Equipments to re-focus strategy with export thrust
COIMBATORE-based Elgi Equipments Ltd had a dream run last year with its sales turnover touching Rs 290.52 crore, an increase of 30.7 per cent as against Rs 221.39 crore in 2002-03. The company had been riding the crest of an extraordinary ...
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SOCIETY & DEVELOPMENT
`Corporates must improve quality of life in society'
INDUSTRIAL corporations must have an overarching goal of doing good to the society, of which making profits is only a part. This ensures long-term success, whereas companies with the only goal of making profits do not succeed in the long-term, ...
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PEOPLE
Sanjiv Lamba is BOC South, S-E Asia MD
BOC Group plc announced on Monday the appointment of Mr Sanjiv Lamba as the Managing Director, Process Gas Solutions, South & Southeast Asia. Mr Lamba, currently the Managing Director of BOC India Ltd, will take over the new responsibility from .
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G.K. Sundaram to be honoured
COIMBATORE: The Coimbatore Management Association (CMA) is celebrating its Golden Jubilee year and the inaugural function of the celebrations will be held on December 23. The Chairman of Lakshmi Mills and founder President of CMA, Mr. ...
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