The Hindu Business Line : Tuesday, August 12, 2003

Maruti Omni set to undergo a makeover
THE country's largest car manufacturer, Maruti Udyog Ltd is all set to overhaul one of its longest surviving models, the Omni and launch it with more driver-friendly features. Top sources told Business Line the company has been working ... More

ICT bags projects in Mongolia, Philippines
INTERNATIONAL Consultant and Technocrats (ICT) has made further inroads abroad, having bagged three more consultancy projects in Mongolia and the Philippines. The two projects in Mongolia, according to an ICT statement, envisage improvement of ... More

RMA Vector plans research centre
RMA Vector International, the Singapore-based executive search firm, plans to set up a research team in India. Speaking to Business Line, the Practice-Head, India and Middle East, Mr Srinivas Nanduri, said the firm planned to hire ... More

Mukand to cut equity share capital by 20 pc
AS a part of its corporate debt restructuring, Mukand Ltd has decided to reduce its equity share capital by 20 per cent. The company's board today approved the reclassification of equity shares, which amounts to cancellation of 20 per cent of ... More

BHEL bags NTPC contract worth Rs 1,412 crore
BHARAT Heavy Electricals Ltd (BHEL) has won a mega contract for setting up the 1000 MW (stage II) Kahalgaon super thermal power project (STPP) in Bihar, which is being implemented by the National Thermal Power Corporation (NTPC). The contract, ... More

IVRCL bags Rs 52-cr project

COURTS/LEGAL ISSUES

HC dismisses NFCL plea on pricing periods
A DIVISION Bench of the Andhra Pradesh High Court dismissed the writ petition filed by Nagarjuna Fertilizers and Chemicals Ltd (NFCL) against the operation of VII and VIII pricing period. The petition contended that the introduction of VII and ... More

RESTRUCTURING

Zee Tele okays Econnet revamp

NEW PROJECTS

Uranium Corpn to open 4 new mines
URANIUM Corporation of India Ltd (UCIL), the main supplier of uranium for the country's expanding nuclear power programme, has embarked on opening four new mines, two in Jharkhand, one in Meghalaya and another in Andhra Pradesh. In addition to ... More

Fortune Park to open in Chennai by March
FORTUNE Park Hotels, the wholly owned subsidiary of ITC Hotels Ltd, plans to open a 165-room hotel in Chennai by March next year, the company President, Mr Mandeep S. Lamba, said here on Monday. "We are very bullish on South India and are keen ... More

Nava Bharat mulls expansion, cost cuts
INCREASED competition due to capacity additions and higher demand in the Indian ferro alloys industry, recent changes in the Electricity Act, and continued mismatch of input costs and realisations in the sugar industry were the three key factors ... More

Rohm and Haas parks $20 m in Indian facility
THE US-based Rohm and Haas Company, the $ 6-billion major in manufacturing of speciality chemicals and materials, on Monday announced the commencement of its first adhesives and sealants and coatings manufacturing and technical service facility ... More

ALLIANCES & JOINT VENTURES

TIDCO to sign gas pact with GAIL soon
TIDCO had also obtained a $3,32,620 grant from the US Trade and Development Agency in June 2000 to carry out a natural gas regulatory study. More

SICK UNITS

NCC Bluewater may sell processing plant
NCC Bluewater Products Ltd, the ailing aquaculture company belonging to the Hyderabad-based Nagarjuna Construction Company group, has informed the stock exchanges on Monday that its board at a meeting held recently has approved the sale of the ... More

TRENDS

A graded system for dividend payout?
THIS may raise many an eyebrow in corporate India. The Institute of Chartered Accountants of India's committee on financial markets and investor protection is mulling a proposal that would, if implemented, require profit-making companies to make ... More

Hawkins chief first to use FEMA provision to gift shares
FOLLOWING the Government's go-ahead last year to transfer of Indian equity to non-resident Indians (NRIs) by way of gift on non-repatriation basis to close relatives with an annual limit of Rs 10 lakh per company, the Hawkins Cookers Ltd ... More

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