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Wednesday, May 18, 2005

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POLLUTION


Curb industrial pollution in Vizag: CPI(M)
IN view of the increased industrial activity in Visakhapatnam and several projects coming up in the near future, strict pollution control measures should be taken, opines the district committee of the Communist Party of India (Marxist). In a ... More

ANNOUNCEMENTS


Electrolux says no plans to shut facilities in India
EVEN as the Swedish home appliances major AB Electrolux has said that it has no plans to shut down its three production units in India, there is something brewing at its Indian subsidiary Electrolux Kelvinator Ltd (EKL). The air was rife with ... More

Krishna Knitwear doubling capacity
KRISHNA Knitwear Technology is doubling its garment manufacturing capacity from the current 5 million pieces a year to 10 million by next year at an investment of Rs 2.5 crore. The company, which has five sewing units in Navi Mumbai and ... More

Gulf Oil drug making unit to begin production soon
THE bulk drug manufacturing facility of Gulf Oil Corporation Ltd in Hyderabad will be operational by June. Previously, the company had planned to begin commercial production by the last quarter of the last fiscal and had launched an upgradation ... More

PREFERENTIAL ALLOTMENTS


S. Kumars' board okays pref issue
MUMBAI: S. Kumars Nationwide Ltd has informed the Bombay Stock Exchange that its board has approved a preferential issue of Rs 5 crore to its promoters. The preferential issue is subject to approval from its shareholders. ... More

AP Paper Mills EGM clears pref, rights offers
ANDHRA Pradesh Paper Mills Ltd has informed the stock exchanges that its shareholders at the extraordinary general meeting have approved a preferential offer and a rights issue. The shareholders approved the preferential offer to IL&FS Trust ... More

CORPORATE BONDS


DHFC board okays debenture issue
THE board of directors of Dewan Housing Finance Corporation (DHFC) has approved the draft umbrella offer document for the issue of additional debentures of up to Rs 500 crore. The board also approved re-issue of 9,300 forfeited equity shares of ... More

RESTRUCTURING


Dai-Ichi postal ballot for GVK Bio venture
DAI-ICHI Karkaria Ltd is conducting a postal ballot to seek the approval of its shareholders for sale, lease or otherwise disposal of or transfer of its Hyderabad business in favour of the joint venture company with GVK Bioscience Pvt Ltd. ... More

DIVERSIFICATION


Miracle Software plans foray into tourism sector
MIRACLE Software Systems, which has set up a software development centre at Bhogapuram in Vizianagaram district, is planning to take up a tourism project at a cost of Rs 20 crore soon after obtaining the necessary clearances from the State ... More

STANDARDS & BENCHMARKS


DaimlerChrysler India completes dealer certification
LUXURY car manufacturer DaimlerChrysler India Ltd (DCIL) on Tuesday announced that it has completed the ISO9001:2000 certification for its entire dealer network, becoming the first automotive company in the country and the only one in ... More

SICK UNITS


Hindoostan Spinning begins process to pay workers' dues
HINDOOSTAN Spinning and Weaving Mills, once a BIFR candidate, has initiated a process to pay its workers their dues. On Thursday, the company is expected to deposit Rs 3 crore into an escrow account that would go some way in paying off its ... More

Pennar Profiles gets AAIFR nod for revamp
THE Appellate Authority for Industrial and Financial Reconstruction (AAIFR) has finally sanctioned the rehabilitation scheme for Pennar Profiles Ltd. Accordingly, the Pennar Profiles board, at a meeting on Monday, took on record the ... More

OUTLOOK


Bajaj Auto to spend Rs 200 cr on capacity expansion, new products
BAJAJ Auto Ltd today said that it plans to invest Rs 200 crore over the next 18 months towards capacity expansion, research and development and the launch of new products. "We will be introducing three new scooter models in both the geared and ... More

PERFORMANCE


Bandh hits ONGC output in Assam
THE production of oil and gas by ONGC in Assam has been severely affected due to the 100-hour bandh by the All Assam Students Union (AASU). ONGC produces about 1.55 million tonne of oil and 467 million standard cubic metre of gas in the State. ... More
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Top Stories
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In Focus

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In Depth

Gender Justice
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Looking back
May. 8-May. 14
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Essar Power plans Rs 4,000-cr investment in new capacity

United Phosphorus in talks to buy Shaw Wallace Agro


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