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Friday, May 06, 2005

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Tata unveils mini truck
TATA Motors said on Thursday it would launch the country's first indigenously developed mini-truck, Tata Ace. Tata Motors Executive Director for Commercial Vehicles Business Unit, Mr Ravi Kant, told a news conference a day before the official ... More

Reliance Info set to offer handsets below Rs 1,500
RELIANCE Infocomm is all set to offer handset prices for less than Rs 1,500 in an attempt to accelerate its customer acquisition spree. A top Reliance Infocomm official told Business Line that the company is poised to slash handset ... More

Kinetic to come out with new logo soon
A COMPANY'S logo is a critical component of the branding exercise and is a corporate's identity. With this in mind, two-wheeler manufacturer Kinetic Engineering is preparing to adopt a brand new logo to align with its new identity and product ... More

Transgene Bio allots shares
HYDERABAD: The board of directors of Transgene Biotek Ltd has allotted 60.6-lakh equity shares of Rs 10 each to the shareholders of Saket Bio-technologies Pvt Ltd as per the scheme of arrangement approved by the High Court, the company ... More

MERGERS & ACQUISITIONS


Chatterjee Group, Access acquire Basell for $5.7 b
MR Purnendu Chatterjee of The Chatterjee Group (TCG), along with a few partners, has succeeded in acquiring the assets and debts of the $8.4-billion Dutch petrochemical major, Basell NV, for euro 4.4 billion ($5.7 billion). Though TCG, along ... More

Basell acquisition — HPL still undecided on joining Chatterjee-led consortium
HALDIA Petrochemicals Ltd (HPL) has not yet decided whether it should join hands with the global consortium led by The Chatterjee Group (TCG) to acquire the assets of the $8.4-billion Basell NV, the joint venture between Royal Dutch/Shell Group ... More

Ucal in talks to buy US firm
UCAL Fuel Systems Ltd is in the process of negotiating the price for the acquisition of 100 per cent of the equity capital of AMTEC Precision Products, US, Ucal's Managing Director, Mr K. Jayakar, said on Thursday. He said that while both sides ... More

NEW PROJECTS


Solaris Chemtech to invest Rs 120 cr in new plants
SOLARIS Chemtech, a Rs 250-crore Thapar Group company, on Thursday announced an investment of Rs 120 crore to increase production of its niche chemical products bromine and speciality bromine. Towards this, it is commissioning two bromine ... More

REGULATORY BODIES & RULINGS


CLB dismisses Govt petition against CRB Resources
CRB Resources Private Ltd, part of the CRB Group of companies controlled and managed by Mr C.R. Bansali and his family, has got some respite with the Company Law Board (CLB) dismissing the petition filed by the Central Government alleging ... More

ALLIANCES & JOINT VENTURES


Lupin ties up with Cornerstone for anti-infective
LUPIN Ltd has entered into a $ 10.2 million licensing agreement with Cornerstone BioPharma Inc, for the clinical development of an anti-infective product. Both the companies would collaborate in the clinical development of a novel drug delivery ... More

Taj Hotels in pact to operate resort in Malaysia
TAJ Hotels Resorts and Palaces has marked its entry into South-East Asia by signing a management contract with Rebak Island Marina Berhad to operate and manage the Rebak Marina Resort, a 106-room premium resort on the island of Langkawi in ... More

SpiceJet ties up with KLM
SPICEJET, which takes to the skies shortly, entered into a strategic tie-up with Indian Oil Corporation (IOC) on Thursday that will see the oil major become the airlines major re-fuelling partner in India. The airline has also entered into an ... More

SICK UNITS


Revival package for Hindustan Salts cleared
THE Union Cabinet on Wednesday approved the financial restructuring and revival of Hindustan Salts Ltd (HSL) on the lines of the recommendation of the Board for Reconstruction of Public Sector Enterprises and the draft rehabilitation scheme of ... More

OUTLOOK


Honda Motorcycle eyes 70 pc increase in sales
TWO-wheeler manufacturer Honda Motorcycle and Scooter India is stepping on the gas to fast forward its plans for the Indian market. The company is so bullish on its prospects in the Indian market that it is expecting to increase sales by 70 per ... More

Lotto aims Rs 65-cr sales in three years
LOTTO Sport Italia, the global player in production of sports footwear and technical sports clothing, has appointed Sierra Industrial Enterprises Pvt Ltd as its licensee for India, Bangladesh and Nepal. Announcing this here the other day, the ... More

PERFORMANCE


TAFE emerges second in tractor sales
TRACTORS and Farm Equipment Ltd (TAFE) has emerged as the second largest tractor manufacturer in the country in the last fiscal, displacing Punjab Tractors Ltd (PTL), which slipped to fourth place. In terms of sales, the company was placed only ... More
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Top Stories
Five commodities drive exports 26 pc in April-February


Lupin ties up with Cornerstone for anti-infective

Tata unveils mini truck

TAFE emerges second in tractor sales

Edible oil imports surge in April

AI decision based on techno-economic study, says Patel

HDFC net jumps 16.7 pc in Q4; to pay Rs 17/share

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Apr. 24-Apr. 30
Maruti may raise prices in May — Rolls out five millionth car

Ministry to relook at BPCL, Kochi Refineries swap ratio


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