CORPORATE
ANNOUNCEMENTS
Indo Rama Synthetics raises product prices
POLYESTER manufacturer Indo Rama Synthetics (I) Ltd (IRSL) has increased prices across its entire product range with effect from February 1, 2004. This revision, according to a company official, has been undertaken to offset the effect of ...
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Ashok Leyland board okays share split plan
ASHOK Leyland's board has approved two resolutions, one to subdivide the company's Rs 10 equity shares into 10 shares of Re 1 each, and another to allow shares to be reconverted into Global Depository Receipts. Explaining the implication of the ...
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Reliance Info raises tariffs
RELIANCE Infocomm has introduced a uniform tariff of Rs 1.49 per minute for calls to both CDMA and GSM mobile phones on two of its packages, increased long distance tariffs on certain slabs, as well as doubled SMS charges following the ...
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Hind Copper increases copper cathode prices
Hindustan Copper Ltd has raised prices of copper cathodes to Rs 152.548 per kg for this month from Rs 144.045 of last month. On the other hand, Sterlite Copper and Birla Copper, leading metal producers in the private sector, have reduced their ...
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RESTRUCTURING
L&T agrees to ballot on changes to Cemco demerger
SPARKS flew at the extraordinary general meeting of Larsen & Toubro on Tuesday, with minority shareholders moving several amendments to the resolutions pertaining to the demerger and sale of L&T's cement division (Cemco). At the time of going
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ALLIANCES & JOINT VENTURES
C&S forms venture with Italian co
ELECTRICAL installation major Control and Switchgear Group (C&S) on Monday announced that it was setting up a 50:50 joint venture company with Gewiss Group, Italy. "The joint venture will start operating within the next six months and aims at ..
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FFE Minerals ties up with Sesa Kembla for coke oven
FFE Minerals India Pvt Ltd is offering industries a modern coke oven plant that not only produces high quality coke but also meets pollution control norms and generates power as a by-product. FFE Minerals has tied up with Sesa Kembla Coke ...
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Sahara India pact to produce movies
SAHARA India Pariwar has tied up with K Sera Sera and Varma Corp in a Rs 35-crore joint venture to produce 10 films in a period of two and a half years. All the films in this joint venture will be creatively headed by director Ram Gopal Varma ...
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INTERVIEW
`We are fully geared to take on global challenges' — Dr Albert Hieronimus, Managing Director, MICO
THE new Managing Director of MICO, Dr Albert Hieronimus, took over from Mr Andreas Nobis last year at a time when the company was going through a rather difficult period because of labour problems and slowdown in production. But, all that is ...
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SOCIETY & DEVELOPMENT
Isha extends helping hand in rural areas
A PLAN to rejuvenate rural India has been rolled out jointly by Isha and Times Foundation. The multi-faceted project entitled `Action for Rural Rejuvenation' is aimed at revitalising the human spirit and bringing about a transformation in the ...
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OUTLOOK
Valvoline targets Rs 250-cr sales
LUBRICANT manufacturer Valvoline Cummins Ltd has said that it expects sales to touch Rs 250 crore in fiscal 2004-05, as the company rolls out a range of new products for the heavy-duty commercial vehicles and two-wheeler segments and further ...
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PERFORMANCE
Toyota posts 63 pc rise in sales
TOYOTA Kirloskar Motor (TKM) posted a 63 per cent increase in sales during January 2004 to 3,824 vehicles compared with a year ago figures. A press statement from the company said Toyota's best-selling sedan in the world, the Corolla, recorded ...
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State Trading Corpn posts record turnover
FOR a company operating in the deregulated milieu, with its canalising role for trading increasingly diminishing for want of bulk orders from the Government, the State Trading Corporation of India Ltd (STC) has posted an all-time high turnover of ...
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