The Hindu Business Line : Thursday, November 20, 2003

Forward linkage plan for K-G Basin gas — Reliance proposes power project near Bangalore
RELIANCE Industries Ltd (RIL) has offered to set up a 3000 MW power project in Karnataka near Bangalore to tie up forward linkages for its gas finds in the Krishna-Godavari Basin. State Government officials confirmed that such a proposal had ... More

New Lancer variant to be launched soon
WITH Octavia and Corolla zooming ahead of the luxury edition of Lancer, Mitsubishi is planning an 1800 cc Lancer variant that will be priced aggressively to take on competition in its segment. Sources close to Mitsubishi told Business Line ... More

Supreme Petro shelves plan for placing bonds with IFC
SUPREME Petrochem Ltd has said that it has shelved plans to place foreign currency convertible bonds with the Washington-based International Finance Corporation (IFC). The company said in a stock exchange notice on Wednesday that it would ... More

EID Parry decides to write down fixed asset value

Filatex gets nod for capacity hike

PREFERENTIAL ALLOTMENTS

Jain Irrigation to make pref offer to promoters, Aqua
JAIN Irrigation Systems Ltd (JISL) is making a preferential allotment in which 50 per cent will be offered to the promoters of the company and 50 per cent to the US-based Aqua International at a price that could range from Rs 77 to Rs 100 per ... More

Ventura Tex board to meet on Nov 27

CORPORATE DISPUTES

ESPN using coercion, says IndusInd Media
IN response to the claim by ESPN Software India that it had filed a winding up petition against IndusInd Media & Communications Ltd (IMCL) over non-payment of dues amounting to over Rs 4 crore, IMCL has said that ESPN failed to respond to its ... More

AWARDS & HONOURS

Godfrey Phillips `bravery awards' to be extended
GODFREY Phillips India Ltd, sponsor of the annual `Red & White Bravery Awards', has now decided to "broadbase and institutionalise" the awards concept. Having already extended the span to as many as 14 States, the company now plans to cover ... More

AUDITING

India Inc feels no need for cost audit
DO Indian companies need cost audit reports as detailed as they are today? This may seem like a routine question asked by a section of India Inc. However, it evoked strong reaction from the cost accountant professionals at a workshop on `Why ... More

MANAGEMENT

Managemantra from Dec 23
MANAGEMANTRA, the placement fair, to be held on December 23 and 24, is expected to draw 150 teams of management students from the four southern States. This is the second edition of the recruitment event organised by the Confederation of Indian ... More

MANPOWER

CESC extends VRS offer; gets nod for plant closure
WITH nearly 2,000 applications being received by the CESC management in response to its voluntary retirement scheme, which opened on November 1, CESC has decided to extend by six days its early bird scheme, which envisages an additional payment ... More

CORPORATE GOVERNANCE

Govt sets up body to handle corporate governance issues
TO provide a platform to deliberate on issues relating to good corporate governance as key to sustainable wealth creation, the Government has taken a step forward in setting-up National Foundation for Corporate Governance (NFCG). "The ... More

ALLIANCES & JOINT VENTURES

Hero to drive in Italian Aprilia
ITALIAN two-wheeler maker Aprilia is entering the Indian market through a tie-up with Hero Motors, part of the Hero Group, to sell a range of scooters from the last quarter of 2004. Aprilia will also outsource scooters from Hero Motors to sell ... More

Apollo Hospitals, Parkway keen on more jt ventures
AFTER successfully setting up a 350-bed hospital here, Apollo Hospitals group and the Singapore-based The Parkway Group is considering extension of their joint venture. The Rs 225-crore hospital of the joint venture — Apollo Gleneagles ... More

Aprilia to pick up 20 pc stake for Rs 100 crore
Aprilia is set to pick up equity stake in Hero Motors for a consideration of about Rs 100 crore. Confirming the development, Mr Pankaj Munjal, Managing Director, Hero Motors told Business Line, "Aprilia would pick up about 20 per cent ... More

Pfizer, Bayer join hands for animal products
BAYER Group India and Pfizer India have entered into a strategic marketing alliance for animal health products in India. Through the alliance, Pfizer India's animal health sales force would market Bayer's international range of livestock ... More

Iran Khodro keen on ties with Tata Motors
THE scene is hazy and talks, quite preliminary. But Iran Khodro Co, the biggest automobile manufacturer in West Asia, has renewed its interest for an understanding with Tata Motors. Earlier talks between the two parties meandered following ... More

SOCIETY & DEVELOPMENT

Free medical camp by BPCL
THIRUVANANTHAPURAM: Bharat Petroleum Corporation Ltd (BPCL) conducted a free medical camp for the under privileged at the Bakery Junction retail outlet here. A Bharat Petroleum spokeswoman said here that the camp was conducted with the ... More

IPOS

Surya Pharma to enter market in Dec
THE Chandigarh-based Surya Pharmaceuticals Ltd will list on the NSE and the BSE to issue an initial public offering (IPO) in December. The issue will comprise 30 lakh equity shares of Rs 10 each for cash at a premium of Rs 35 each aggregating ... More

DIVERSIFICATION

JMD group to launch H2GO water, soda
THE JMD group, which markets Indana ghee and edible oils, Priya and Sheetal, is diversifying into the beverages category. According to a press release issued on Tuesday, the Rs 250-crore, Delhi-based company will introduce soda and packaged ... More

SICK UNITS

BIFR asks Incab `promoter' to deposit Rs 5 cr
IN the case of Incab Industries, the Board for Industrial and Financial Reconstruction (BIFR) has directed the likely promoter-to-be, Mr A.K. Chakraborty, to deposit a sum of Rs 5 crore in a no-lien account to revive the company. It stated ... More

Kerala agrees to consider FACT recast demands
THE Kerala Government has agreed to consider the demands made by Fertilisers and Chemicals Travancore Ltd (FACT) in its revival package submitted to the Chief Minister, Mr A.K. Antony, two months ago. This is despite an assurance sought from ... More

Fresh proposal for one-time settlement of Keltron liabilities
THE Enterprises Reforms Committee, which looks into the issues relating to the rehabilitation of public sector undertakings in Kerala, has submitted a fresh proposal to the State Government for the one-time settlement with the banks of the ... More

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