Corporate
Sale of arm won't hit business: Thomas Cook
THOMAS Cook Holdings' sale of its Global & Financial Services (G&FS) business division to Travelex will not affect the operations of Thomas Cook (India) Ltd (TCIL), an official statement said.
Nagarjuna Fin decides to hive off pesticides unit
AS part of the ongoing restructuring programme, the board of directors of Nagarjuna Finance Ltd of the Rs 2,000-crore Nagarjuna group here, has decided to dispose of the business of manufacture and sale of insecticides at its plant located in Nandigam ne
ar Shadnagar here.
National award for ITW Signode
HYDERABAD: ITW Signode India Ltd, a Hyderabad-based industrial packaging solutions company, has won the Pacmachine Award 2000, for excellence in packaging machinery design and development.
Nagarjuna clarifies on power project
With reference to the news item `Nagarjuna group in major revamp mode' published on November 8, the Nagarjuna group chief coordinator, Mr N.S. Vijaya Kumar, has clarified that the group is in possession of all the necessary clearances for the power proje
ct. The Karnataka Government was also taking up the matter of granting of extension of the techno-economic clearances with the Central Government.
JMC Projects bags Rs 50-cr order
MUMBAI: The Ahmedabad-based JMC Projects (India) Ltd has secured two projects in Delhi worth Rs 50 crore.
Rajus, associates quit NFL board
THE Rajus of the Nagarjuna group have decided to restructure the board of directors of Nagarjuna Finance Ltd (NFL), wherein the Rajus and their group representatives would step down from the NFL board and give way to new members.
SC ruling forces BSES to set up FGD plant at Dahanu
BSES Ltd has initiated discussions with technical experts on the setting up of a fuel gas desulpharisation (FGD) plant at its Dahanu power station.
`Daewoo India insulated from parent's bankruptcy'
DAEWOO Motors India Ltd (DMIL) has claimed that its operations are insulated from the recent developments relating to its parent company - Daewoo Motors of Korea.
Cutting-edge tech to drive Delphi
TRAVELLING cross-country is never going to be the same again on that batmobile of yours!
Meet on polyolefins piping system
HYDERABAD: An international conference on ``polyolefins piping system'' is scheduled to be held here on November 13 under the auspices of the Andhra Pradesh Plastics Manufacturers Association and the Indian Plastics Institute.
Nomination for shares restricted to individuals
THE Department of Company Affairs (DCA) has issued notification amending Form 2B of nomination form in the Companies (Central Government's) General Rules and Forms, 1956.
Antarctica plans venture with Finnish co -- 1:1 rights issue at par coming
ANTARCTICA Ltd is in an advanced stage of negotiations with Eltete Ltd of Finland for a 50:50 joint venture for production of edgeboards, a secondary packaging material. The new company has been christened Eltete Antarctica Pvt Ltd.
Solidaire given time till Dec 10
THE Board for Industrial and Financial Reconstruction (BIFR), while deciding to keep in abeyance the show-cause notice for winding up Solidaire India Ltd, has given time up to December 10, to the company to finalise the matter with the Tamil Nadu Governm
ent.
IOC ties up with Valvoline Cummins
VALVOLINE Cummins Ltd has tied up with Indian Oil Corporation Ltd to introduce its Eagle One range of car-care products through the latter's retail outlets in the metros.
Hotels
Orinetal Hotels VRS cost at Rs 8.65 cr
AROUND 225 employees of Oriental Hotels Ltd have opted for the company's voluntary retirement scheme (VRS), according to Mr C. Ravisankar, Company Secretary and Financial Controller.
GE Hotel handover to Accor: Unions tone down opposition
EVEN as the State Government clears the decks for handing over the management control of the state-run Great Eastern Hotel (GEH) to the Accor Asia Pacific (AAP) group, the unions seemed to have veered round to a softer stance this time.
Mutual Funds
US-64 suffers Rs 2,590-cr capital erosion in Q1
UNIT Scheme-1964 (US-64), the largest scheme of Unit Trust of India (UTI), has suffered huge capital erosion during the first quarter (July-September) of the current year.
