Automobiles
Caterpillar's Indian arm to be distinct profit centre
AFTER the completion of the takeover of Hindustan Motors' (HM) Earthmoving Equipment Division (EED), Caterpillar of the US is proposing to make the Indian operations a separate profit centre, independent of its operations in the Asia-Pacific region.
Corporate
Mahindra Resorts expands into Kumaon
MAHINDRA Holidays & Resorts (I) Ltd has invested Rs 28 crore in the Kumoan Hills by acquiring properties in Binsar and Ramgarh as part of its expansion plans. The company has also entered into marketing tie-ups with resorts in Bhutan and Dubai.
Essel Packaging to buy Propack
IN a bid to become a global leader in laminated tubes, Essel Packaging Ltd today announced that it would be acquiring Propack Holdings A.G in a cash-and-stock deal.
Suggestions sought on Competition Bill
NEW DELHI: The Department of Company Affairs (DCA) has sought suggestions from the constituents of the business community and others before finalising a draft Bill on Competition Law. The draft Bill comprising arrangement of clauses and
the Bill as such have been put on the Web site of DCA, which can be accessed on www.nic.in/dca.
Vadilal says it is not in talks
VADILAL Industries Ltd today denied that it was in talks with Gujarat Cooperative Milk Marketing Federation Ltd (Amul) for the sale of its ice-cream plant at Bareilly, Uttar Pradesh.
XLO Machine Tools wind-up mooted
NEW DELHI: The Board for Industrial and Financial Reconstruction (BIFR) has proposed the winding-up of XLO Machine Tools Ltd.
Gitanjali Gold to buyback diamonds
THE Mumbai-based Gitanjali Gold & Precious Ltd (GGPL) announced buy-back scheme for its branded Gitanjali Belgian Cut Diamonds. The brand introduced about six months ago in various markets in India was launched in Chennai today.
HC appoints Special Officer for Shaw Wallace
CALCUTTA: Mr Justice Pinaki Chandra Ghose of the Calcutta High Court on Wednesday appointed a special officer on Shaw Wallace Co Ltd (SWC) to enquire into the alleged agitation conducted by the employees union of the company and file a report to the cour
t. The court has directed that the report should be filed on the next date of hearing.
BIFR circulates Pearl Engg draft rehabilitation scheme
THE draft rehabilitation scheme (DRS) for Pearl Engineering Polymers Ltd (PEPL), promoted by Pearl Polymers Ltd (PPL), has been circulated by the Board for Industrial and Financial Reconstruction (BIFR).
For an enduring, hard surface coating
SCIENTISTS and engineers for long have grappled with the problem of combating wear and tear. Take a piston of an engine or a blade of an aircraft's turbine, or buckets of an excavator, the challenge is to keep the surfaces from wearing off. Indeed, if th
e surface could be kept hard, the `inside' material could be inferior, and therefore, cheaper.
Texas Instruments MD to quit
TEXAS Instruments (TI) has announced that the Managing Director of its India operations -- TI India Ltd, Mr Srini Rajam has decided to quit the organisation to start a new venture.
SIV Ind referred to BIFR as `potentially sick'
CONSEQUENT to the erosion of over 50 per cent of its peak networth, SIV Industries has been categorised as a potentially sick company, under the provisions of the Sick Industries Special Provisions Act.
Hotels
Accor Asia Pacific to invest Rs 100 cr in GE Hotel
ACCOR Asia Pacific Pte Ltd (AAPC) has agreed to invest around Rs 100 crores once it is given the management control of the state-owned Great Eastern Hotel (GEH).
Plastics
Plastic processors seek favourable customs duty
WORRIED by the possible inflow of imports from China, the plastics processing industry has urged the Government to introduce a differential customs duty on raw materials and finished goods.
Steel
Tata Steel turning out to be lowest cost producer
TATA Steel is close to becoming the world's lowest cost producer of Hot-Rolled Coils (HRC).
Stocks
NSDL starts charging vyaj badla deals
NATIONAL Securities Depository Ltd (NSDL) has started levying transaction charges in respect of receipt of securities into brokers' vyaj badla pool accounts, according to a message sent by the Calcutta Stock Exchange to members.
