The Hindu Business Line : Sunday, April 03, 2005

Zee Telefilms serves notice to BCCI, seeks Rs 1,630-cr compensation
SUBHASH Chandra-promoted Zee Telefilms on Saturday served a notice to the Board of Control for Cricket in India (BCCI) and the former BCCI President, Mr Jagmohan Dalmiya, claiming Rs 1,630 crore as compensation for losses on account of ... More

IRMA faculty rallies behind Kurien
THE Institute of Rural Management, Anand (IRMA) board may have met legally or illegally and "conspired" against Dr Verghese Kurien, but the institute's faculty is solidly behind the `milk-man'. Both Dr Kurien and the IRMA Director, Prof. K. ... More

MANPOWER

ONGC mulls floating sabbatical scheme to cut excess staff
HAVING failed to make voluntary retirement schemes lucrative enough, ONGC is considering floating a sabbatical scheme to rationalise excess manpower. Over the past two years, the company had rolled out two voluntary retirement schemes to shed ... More

FIXED DEPOSITS

FD options
Repco Bank: Investments in the fixed deposits of Repco Bank can be considered. The bank offers 6.75 per cent for one- to three-year deposits and 7.50 per cent for deposits above three years. The higher rate compared to that ... More

NEW PROJECTS

Haworth to invest $10 m in new facility at Pune's IT hub
HAWORTH Inc, the $1.26-billion designer and manufacturer of office furniture and workspaces, said here on Saturday it will invest an estimated $10 million to set up a 100 per cent owned manufacturing facility and three new showrooms in India. ... More

DIVERSIFICATION

B.P. Poddar group to foray into healthcare
THE Rs 100-crore turnover B.P. Poddar group of companies, which has interests in textiles, real estate and education, has unveiled plans to diversify into the healthcare sector in a big way. The group, which is setting up a 220-bed, ... More

OUTLOOK

Leela Group plans Rs 682.5-cr investment for new properties
THE Leela Group will invest $156 million (Rs 682.5 crore) for setting up new properties in Chennai and Udaipur and for renovating and enhancing its Mumbai and Bangalore properties. The group has announced an investment plan of over $120 million ... More

Rama Newsprint charts Rs 400-cr capacity expansion
ENCOURAGED by the prospects of domestic newsprint market, Rama Newsprint & Paper Ltd has firmed up a Rs 400-crore plan aimed at expanding its annual production capacity from 1,38,000 tonnes to 2,70,000 tonnes of newsprint and writing & print More

PERFORMANCE

Singareni Collieries achieves record production in 116 yrs
SINGARENI Collieries Company Ltd has achieved its highest-ever production in 116 years at 35.3 million tonnes (mt) during 2004-05. The achievement is significant, especially seen against the backdrop of a loss of 1.1-mt of coal production due ... More

HAL clocks Rs 4,425-cr sales turnover in '04-05 — Enters $1-b league of domestic cos
HINDUSTAN Aeronautics Ltd (HAL) has entered the $1-billion league of domestic companies — its provisional 2004-05 sales turnover has touched Rs 4,425 crore with a profit of Rs 630 crore. The figures represent a growth of 16.4 and 5.1 per ... More

Hyundai sales up 23 pc in March
HYUNDAI Motor India sold 23,669 units in March 2005, a 23.2 per cent growth over the same month last year. In the domestic market, its sales grew 18.3 per cent to reach 16,315 units — 11,833 of Santro, 1,601 of Getz, 2,525 of Accent, 220 ... More

Honda sales rise 73 pc in '04-05
HONDA Siel Cars India has seen a 73 per cent rise in its sales during the last financial year. The company sold a total of 37,480 cars, against 21,703 cars in 2003-04. While the Honda City witnessed a sales growth of 78 per cent in the last ... More

BHEL's Tiruchi unit profit falls
BHEL'S boiler manufacturing unit in Tiruchi has had to suffer a dip in profit because of rising steel prices. The unit made a (pre-tax) profit of Rs 148 crore against Rs 166 crore last year. "We had to take a Rs 120-crore hit over the budget ... More

TRENDS

Vanishing cos: Finance Minister keen to track high-value cases
PEOPLE who have lost money in vanished companies can now raise a cheer. The Finance Minister is involved in the investigation to track the progress of high value cases. Recently, the Minister called a high-level meeting of senior Government ... More

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