The Hindu Business Line : Tuesday, March 08, 2005

GAIL investments overseas at Rs 257 cr
THE state-owned GAIL (India) Ltd on Monday said it has till date invested Rs 257 crore in overseas ventures, mainly in Myanmar, Egypt and China. The ventures are a part of its overall strategy of becoming a global gas player, a company ... More

L&T-CASE gets Rs 2.5 cr order from Mumbai Corporation
L&T-CASE Equipment Private Ltd, a joint venture of Larsen & Toubro and CNH America LLC, has secured an order worth Rs 2.5 crore from the Municipal Corporation of Greater Mumbai. This is for supply of sixteen Loader Backhoe Model 851 to the . More

AWARDS & HONOURS

RIL bags export awards
MUMBAI: Reliance Industries was awarded three gold trophies for its export performance by the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) at a recent function in Mumbai. RIL won the gold trophy for the Best Overall ... More

GENDER

`Companies must recognise different skills of women'
"LET'S not try to be a man." Top women achievers in the corporate world expressed the view that women are different and diversity must celebrate that difference. Speaking on `Women Matter,' a talk organised by the Indo-American Chamber of ... More

HUMAN RESOURCES

Aditya Birla group enrolls execs for online MBA course
THE Aditya Birla group has tied up with online graduate school `Universitas 21 Global' for enrolling 65 of its executives in the university's MBA programme. Announcing the tie-up, Universitas 21 Global CEO, Mr Mukesh Aghi, said the programme ... More

MERGERS & ACQUISITIONS

SC okays out-of-court settlement — Mallya to acquire Kishore Chhabria's stake in Herbertsons for Rs 131 cr
THE much-chronicled battle between the UB Group Chairman, Mr Vijay Mallya, and Mr Kishore Rajaram Chhabria for control over Herbertsons Ltd formally passed into history on Monday with the Supreme Court giving its nod for an out-of-court ... More

Dabur shareholders okay Balsara buy
DABUR India Ltd on Monday informed the Bombay Stock Exchange that the members of the company have approved investments in three Balsara group companies with requisite majority, via a postal ballot. In January, Dabur India acquired majority ... More

NEW PROJECTS

Narmathaa Textiles sets up processing unit at Erode
THE Chennai-based Narmathaa Textiles Ltd has set up an integrated modern textile-processing unit in Erode district. The new facility has been created with aninvestment of Rs 45 crore at Suriyampalayam village near Erode for yarn and fabric ... More

ALLIANCES & JOINT VENTURES

Forbes group, HDFC set up publishing co
THE Shapoorji Pallonji-owned Forbes Group and HDFC Ltd have jointly set up a new print publishing company, Next Gen Publishing Ltd (NGPL). HDFC Ltd will hold 19.8 per cent shareholding in NGPL and the rest will be held by the Forbes Group. The ... More

Custom-made coaches for Kingfisher Airlines
KINGFISHER Airlines on Monday announced that it has inked a deal with Tata Motors for buying a fleet of customised designer coaches to meet its ground transportation needs. These coaches are part of the range that was launched by Tata Motors ... More

RIGHTS ISSUE

Sirpur Paper rights issue
HYDERABAD: Sirpur Paper Mills Ltd has informed the stock exchanges that its board has decided to open the company's rights issue on March 21 and close it on April 21. The issue is partly underwritten, for Rs 14.99 crore (16.66-lakh ... More

SICK UNITS

Kerala CM moots Rs 20-cr loan from KMML to revive Autokast
THE Kerala Chief Minister, Mr Oommen Chandy, is understood to have proposed at a high-level meeting to arrange a loan of Rs 20 crore from the profit-making public sector Kerala Minerals and Metals Ltd (KMML) for reviving the ailing Autokast Ltd ... More

OUTLOOK

Tata Motors aims for billion-dollar biz from chassis, bus body building
TATA Motors has big plans for its bus body-building and chassis business. "We hope to make it a billion-dollar operation in a few years from now," Mr Ravi Kant, Executive Director (Commercial Vehicle Business Unit), said at a press briefing in ... More

TI Cycles bets on exclusive franchisee route for growth
TI Cycles of India, a Murugappa group company, is opting for exclusive franchisee route to sell more cycles. All variants of its 80 models of cycles, accessories, fitness equipment, after-sales service and easy purchase options in one place - ... More

Kishore vows to stay in liquor biz
BREAKING his silence at the end of an 11-year court battle, Mr Kishore Chhabria said he will continue to play a major role in the Indian spirits business even as he indicated plans to shift his base abroad. "I will remain active in the ... More

Mid-Day Multimedia mulls starting a national tabloid
MID-DAY Multimedia Ltd, which publishes Mumbai's leading afternoon newspaper, Mid Day, is looking at a possibility of a national tabloid. "The National Tabloid story is waiting to happen in India and Mid Day is best positioned to ... More

Toyota may roll out small car for Indian market
CLOSE on the heels of withdrawing its multi-utility vehicle Qualis from the Indian market and replacing it with the country's first three-row seating passenger vehicle Innova, Japan's Toyota Motor Corp plans to come up with a compact car for the ... More

PERFORMANCE

Tata Motors February sales up 20 pc
TATA Motors on Monday reported a 20 per cent rise in total sales for February, including export, to 36,977 vehicles from the year-ago level of 30,845 units. This included a 15 per cent growth in domestic sales of commercial vehicles to 17,656 ... More

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