CORPORATE
ANNOUNCEMENTS
Sluggish demand from N. America, Europe — Arvind to shift part of denim capacity to other fabrics
THE Sanjay Lalbhai controlled Arvind Mills Ltd is shifting part of its denim capacity to other fabrics where the contribution is better than that available on basic commodity denim. The move by one among the world's top three denim manufacturers ...
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OUTSOURCING
Gewiss to source products from India
GEWISS, a European electrical equipment group, which had recently gone for a 50:50 joint venture with the India-based Control & Switchgear group (C&S), plans to shift its production facilities from Europe to India. Gewiss would be closing it
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HUMAN RESOURCES
IIM offers course to help executives hone HR skills
FOR those top-level company executives who are busy chalking up strategies and managing the show, the Indian Institute of Management (Kolkata) has introduced a new course to help them hone their strategic and human resources skills. "Maybe, you ...
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Indian cos can now grant loans to staff abroad
As a measure of `liberalisation and procedural simplification,' the Reserve Bank of India on Saturday decided to grant permission to Indian companies in India to grant loans in foreign currency to the employees of their branches aboard for ...
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MERGERS & ACQUISITIONS
Reliance declines offer to buy 5% additional stake in IPCL
RELIANCE Industries Ltd is understood to have turned down an offer from the Government to buy an additional five per cent stake in Indian Petrochemicals Corporation Ltd (IPCL) for increasing its stake in the company from 46 per cent to 51 per ...
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ALLIANCES & JOINT VENTURES
Mather ties up with German co VAG
MATHER & Platt Ltd (M&P), an engineering company of the $2-billion Jumbo Group, has firmed up a collaboration with VAG of Germany, a global leader in valve technology. "As per the collaboration, M&P will co-manufacture and market ductile
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OUTLOOK
Tata Tea: Plantation business still has flavour
Yet, steps taken in-house, comments by officials and the changing texture of its results - courtesy the impact of consolidating accounts with Tetley's, cast a question mark over plantations continuing centrestage at Tata Tea. Tea prices have ...
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Tata Power plans differential rates
TATA Power Company has proposed separate tariff for peak and off-peak power used by bulk consumers. This may actually lead to Rs 10-crore fall in its revenues to Rs 3,147 crore. The company has also submitted its power tariff proposal for 2004-05 ...
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