The Hindu Business Line : Thursday, November 07, 2002

ITC to lay more products on e-choupal
IN a low-key but major initiative, ITC is entering the field of horticulture, aquaculture, spices and salt through its Secunderabad-based agri business division. The division has decided to spread its e-choupal procurement and marketing network ... More

ANNOUNCEMENTS

Godrej Consumer Products, Geometric Soft to stay `public'
THE Rs 4,000-crore Godrej group is committed to two of its companies - Godrej Consumer Products Ltd (GCPL) and Geometric Software Solutions Co - remaining public in the long term. "We think we should be public only in companies where we ... More

Andhra Petro EGM on Dec 24
HYDERABAD: Andhra Petrochemicals Ltd (APL) proposes to hold an extraordinary general meeting (EGM) on December 24 to consider the erosion of more than 50 per cent of peak net worth as at the end of March 31, 2002. The EGM is being held ... More

Motorola R&D campus
BANGALORE: Motorola Inc has announced plans to set up one of India's largest captive R&D facilities in Bangalore. The 2,80,000 sq. ft. campus for Motorola Global software will integrate the two existing centres under one roof. ... More

MERGERS & ACQUISITIONS

RPG group, Dairy Farm pump fresh equity into FoodWorld
THE RPG group, promoter of the FoodWorld chain of supermarkets, and its international partner, Dairy Farm International, have pumped in more equity into FoodWorld Supermarkets Ltd (FSL), the company that manages the chain. In September, the ... More

Syngenta to make open offer
SWISS firm Syngenta South Asia is to make an open offer to acquire 49.01 per cent of the paid-up capital of Syngenta India at Rs 130 per share. The company may also consider delisting Syngenta India's shares from stock exchanges. In a ... More

NEW PROJECTS

Jindal Aluminium staggers its plans for sixth extrusion plant
REELING under an import duty of 20.8 per cent and facing the heat of competition, leading downstream products player, Jindal Aluminium Ltd (JIL), has staggered its plans for setting up its planned sixth extrusion facility costing Rs 35 crore, its ... More

TRADE & LABOUR UNIONS

Lockout at Sri Krishna Jute Mill
THE management of Sri Krishna Jute Mill here declared lockout on Tuesday evening, "apprehending threat to its properties". The workers of the mill have been on an indefinite strike for the past one month in pursuance of their demands. The ... More

ALLIANCES & JOINT VENTURES

Jindal Aluminium to sign pact with KPTCL
JINDAL Aluminium Ltd plans to sign a 10-year power purchase agreement with Karnataka Power Transmission Corporation Ltd (KPTCL) for its 2.3-MW wind energy plant commissioned in September 1997. The company plans to sell its power wholly to ... More

Ogilvy PR, Dua tie up for legal services
OGILVY PR has formed a strategic alliance with Delhi-based Dua Consulting, a leading legal and regulatory firm, to offer clients regulatory and public affairs services. This offering is in response to a growing need for expert intervention ... More

GAIL, Haldia Petro close to deal on SPV
GAIL, which does not make polypropylene, will buy HPL's products and sell it in the northern markets, while HPL will buy from GAIL certain grades of polyethylene, which it does not manufacture and sell them in eastern India complementing its own prod uct range. More

SICK UNITS

Usha (India) case `non-maintainable': BIFR
The Bench had refrained from declaring the company sick. The secured creditors had objected on the grounds that writing off the investments in the associate or sister concerns was not tenable. More

OUTLOOK

Nortel to focus on CDMA first for 3G shift
WITH domestic wireless operators still in the evolving stage, having just found their feet on second-generation (2G and 2.5G) platforms, it may be too early to talk about their evolution to the third generation (3G). However, wireless ... More

TCS revenue to shift to telecom service providers
TATA Consultancy Services (TCS) is hopeful of retaining the 18-20 per cent revenue from telecom practice in the year ending March 2003. This is despite a global slump in the telecom market. The company's revenue from the telecom sector in the ... More

PERFORMANCE

Eicher Motors sales up 58 pc in October
EICHER Motors Ltd (EML), a key player in the 5-11 tonne commercial vehicle segment, has recorded a growth of 58 per cent in sales of its commercial vehicles in October 2002 over the corresponding month last year. EML sold 1,188 vehicles in ... More

Hyundai sales up 35% in Oct
HYUNDAI Motor India Ltd (HMIL) has claimed a strong growth in sales during October 2002, clearing the 10,000-unit mark for the second month in a row and for the fourth time this year. Total sales grew 35 per cent to 10,437 units in October this ... More

PEOPLE

Shamsuddin to head SWC's liquor division
SHAW Wallace & Co (SWC) on Wednesday announced the appointment of Mr A.K.M.A. Shamsuddin as President - Liquor division. Mr Shamsuddin on Wednesday resigned as a chief operating officer of UB Spirits Division, a position he held for nearly ... More

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