CORPORATE
ANNOUNCEMENTS
Siyaram plans to enter home furnishing
SIYARAM Silk Mills Ltd has decided to enter the home furnishing segment. According to Mr S. P. Shah, President, Marketing, the company had taken an "in principle" decision to enter the segment in 2005 and is working out details. He added that ...
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Rajesh Exports plans diamonds, retail foray
RAJESH Exports Ltd, the Rs 3,000-crore gold jewellery maker, has announced plans to enter into retail business with a dedicated chain of jewellery stores, as also plans to enter into diamond products. "We have chalked out a Rs 800-crore ...
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Century Enka wage pact
MUMBAI: Century Enka Ltd has informed the Bombay Stock Exchange that consequent to the signing of the Wage Agreement on December 28, the workers of the Pune plant have called off their strike from December 29 and have started resuming ...
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RESTRUCTURING
Eveready to integrate Chennai facilities — Signs land deal with Khivraj Tech Park
EVEREADY Industries India Ltd is consolidating its battery manufacturing facilities in Chennai into one location. A multi-storeyed building for the IT sector is to come up on the land that gets freed when one of the plants get shifted. For ...
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MERGERS & ACQUISITIONS
GAIL to pick up 33% stake in IOC's LNG terminal
GAIL (India) Ltd will take a 33-per cent stake in the liquefied natural gas (LNG) import terminal proposed to be set up by Indian Oil Corporation (IOC) and its subsidiary Chennai Petroleum Corporation Limited (CPCL) at Ennore port in Tamil Nadu. ...
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NEW PROJECTS
Anmol group's third hotel in Hyderabad
HYDERABAD: Anmol group of hotels is coming out with its third hotel in the city. Scheduled to be opened on Thursday, Hotel Anmol Continental would have 80 rooms. Addressing a press conference here on Wednesday, Mr Mohammed Saleem, Chairman ...
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OUTLOOK
Woodland targets Rs 150-crore sales turnover
WOODLAND is targeting Rs 150-crore sales turnover this fiscal and 100 per cent growth over the next three years to touch Rs 300 crore. The company has decided to set up three new factories in Himachal Pradesh and Dehradun to enhance capacity ...
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Panacea Biotech betting big on combination vaccines
PANACEA Biotec is betting on vaccines in a big way after having concentrated on developing new drug delivery systems initially. The company plans to roll out four combination vaccines in January 2005, through its joint venture company Chiron ...
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