Cement
Zuari joins hands with Cement Corpn
HYDERABAD: Zuari Cement Ltd (ZCL), a joint venture of the K.K. Birla group and Italcementi SpA, has entered into an agreement with Cement Corporation of India (CCI) to market the latter's products in Andhra Pradesh, Tamil Nadu and Kerala on a profit-shar
ing basis.
Corporate
Lay-off continues at Travancore Rayons
THE lay-off enforced by the management of the ailing Travancore Rayons Ltd (Trayons) is likely to continue till a new promoter takes over the company.
ITW Signode dividend to all shareholders
BANGALORE: ITW Signode India Ltd has clarified that its proposed dividend of Rs 2.50 per share will be paid to all shareholders, subject to the approval of shareholders at its annual general meeting. The last date for book-closure for the dividend is Sep
tember 19.
Arvind Mills bags golden star status
AHMEDABAD: Arvind Mills Ltd (AML) has been granted the golden star trading house status by the Directorate-General of Foreign Trade (DGFT). The company becomes the seventh corporate house in the country, after the likes of Reliance Industries Ltd, and fr
om closer home, Adani Exports Ltd, to achieve this recognition.
Jessop: Pact in making to prevent asset-stripping
THE Centre is drawing up an agreement to protect the interest of workers at Jessop & Company, which is currently going through the divestment process.
Bayer India in marketing tie-up with Indo Biocare
BAYER India Ltd today announced its a marketing tie-up with Baroda-based Indo Biocare Pvt Ltd for distributing animal healthcare products.
Hotels
Plaint against proposed resolutions at AGM -- EIH case hearing on Aug 17
A Division Bench of the Bombay High Court comprising Mr Justice Gokhale and Mr Justice Tahilramani, after hearing arguments of both the sides today, in the case filed by Mr Chandresh Mehta, a shareholder of EIH Ltd (on August 8), has scheduled the matter
for hearing on August 17. The case has been filed opposing a clutch of resolutions proposed by the company at its forthcoming AGM.
PSU
Show-cause for winding up Hind Fertiliser ordered
THE Board for Industrial and Financial Reconstruction (BIFR) has directed for issuance of a show-cause notice (SCN) for winding up the sick public sector undertaking Hindustan Fertiliser Corporation Ltd (HFCL).
Textiles
Pantaloons, Shopper's Stop may pick up APCO stocks
MAJOR departmental retail chains - Shopper's Stop and Pantaloons have firmed up plans to pick up handloom stocks from APCO - the State-owned apex handloom weavers co-operative society, according to the Union Minister of State for Handlooms and Textiles,
Mr. V. Dhananjaya Kumar.
