The Hindu Business Line : Friday, May 14, 2004

ANNOUNCEMENTS
Tata Motors to sell Daewoo trucks
WITH its acquisition of the Daewoo Commercial Vehicle Company Ltd (DWCV), South Korea, Tata Motors is in the process of figuring out which of those high-tonne capacity vehicles could suit the Indian scenario. In the city for the launch of the ... More

Texmaco raises divided to 15 pc
TEXMACO, a K.K. Birla Group outfit, has increased its dividend proposal to 15 per cent for 2003-04 from 10 per cent in 2002-03. The company board, which took on record the results, transferred biggest chunk of profits to general reserves. The ... More

L&T cement biz demerger effective date May 14
THE scheme of arrangement for demerger of Larsen & Toubro's cement business has been declared effective as of May 14, L&T has said in its notice to the stock exchanges. The Bombay High Court had sanctioned the scheme last month. L&T has More

RESTRUCTURING
Wyeth okays divestment of Mumbai plant
WYETH Ltd has approved a proposal for the divestment of its entire manufacturing facility at Ghatkopar, Mumbai, on a going concern basis, the company informed the BSE. At it's board meeting held here today, the company said that it had ... More

MERGERS & ACQUISITIONS
Berger International to divest stake in Malta subsidiary
BERGER International Ltd, the overseas subsidiary of Asian Paints, announced it would divest stake in its subsidiary Berger Paints (Malta) Ltd (BPM). Berger International Ltd has announced that it would sell its 84.2 per cent equity stake in ... More

NEW PROJECTS
Sundram Fasteners to inaugurate China plant on May 21
It is setting up a plant in Zhejiang province in south China to manufacture high tensile fasteners. Trial production has commenced at the China plant and it will begin commercial production shortly, according to sources. It may be recalled ... More

RIGHTS ISSUE
Electrolux Kelvinator Indian promoter opts out of rights
THE Indian promoter of Electrolux Kelvinator Ltd (EKL), the Indian arm of Swedish white goods major AB Electrolux, Mr Harish Kumar, has not opted for the company's nearly Rs 200-crore rights issue. The rights issue was fully subscribed as on ... More

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Looking back
May. 2-May. 8
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Balrampur Chini puts the cork on IMFL business

Corporates rush to forward cover as rupee plunges

Johnson Matthey to supply pharma catalyst products

Indian pharma cos' shopping spree timely, say analysts