Corporate
SAIL to launch new VRS from February 20
IN an effort to rationalise its manpower further, Steel Authority of India Ltd (SAIL) has decided to launch a new voluntary retirement scheme (VRS) for its employees from February 20.
Rallis pharma move fallout -- Exim Bank mulls options on Zimbabwe venture
THE Export-Import Bank of India (Exim Bank) may exit from the pharma venture with Rallis India Ltd in Zimbabwe if the latter decides to pull out of it.
Borregaard picks 8% stake in Suven
NORWEGIAN firm, Borregaard Industries Ltd, has acquired four lakh equity shares in Hyderabad-based pharma company, Suven Pharmaceuticals Ltd, representing eight per cent of the share capital, at Rs 250 per share.
Khoday India to buy back shares
KHODAY India Ltd has decided to buy back 25 per cent of its paid-up equity during the current financial year.
ACC plans capacity expansion at Wadi
ASSOCIATED Cement Companies Ltd (ACC) is expected to commission an additional cement capacity of 2.6 million tonnes by next month at its Wadi plant next month.
Premature redemption of MFs -- Kwality Ice Creams' petition against SEBI order dismissed
THE Securities Appellate Tribunal (SAT) has dismissed an appeal of Kwality Ice Creams (India) Ltd (KIC) against a Securities and Exchange Board of India (SEBI) order restricting KIC from redeeming prematurely mutual fund units it had invested in.
Simplex Concrete may float venture with Malaysian co
CONSTRUCTION major Simplex Concrete Piles (India) Ltd is likely to float a joint venture with Malaysia's Ho Hup Construction Company Berhad for participating in road building projects in India.
Financial Performance
Alps Ind Q3 turnover up 12%
NEW DELHI: Alps Industries Ltd has registered a 12 per cent increase in turnover at Rs 28.05 crore during the third quarter ended December 2000 against Rs 25.06 crore during the same period last year.
PSU
Financial bids opened for Balco divestment
THE Government is all set to open its account on the disinvestment front this fiscal, with the sale of 51 per cent of its equity in Bharat Aluminium Company Ltd (Balco), to a strategic investor, to be completed by March 15.
Stocks
Registration fee: SEBI open to brokers' pleas
THE Securities & Exchange Board of India (SEBI) is open to the idea of giving some reliefs to the stock broking community for payment of registration fee. SEBI is likely to heed to the appeals by the stock brokers and may allow staggering of payment sche
dule.
Tyres
It's a bumpy ride for tyre cos -- Squeeze in margins put a spoke in the wheel
CONTINUING non-tariff barriers (NTBs) in the newly emerging markets, allowing direct import of natural rubber only through STC and sharp rise in prices of petro products have all combined to severely dent the profitability of Indian tyre majors in the fi
rst nine months of the current fiscal.
