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Monday, February 03, 2003

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ANNOUNCEMENTS


Birla Copper, Sterlite get LME registration
BIRLA Copper and Sterlite Copper have secured registration on the London Metal Exchange (LME). An official statement from the Aditya Birla group said that Indo Gulf's Birla Copper has been accorded LME registration. The company's copper ... More

AWARDS & HONOURS


Award for Bangalore company
BANGALORE: EMMVEE Solar Systems, a Bangalore-based company, has been honoured with the SESI Young Entrepreneurship Award for 2002, for its contribution in the field of alternative source of energy. The award was given to the company ... More

FINANCIAL PERFORMANCE


Madhucon net, turnover up
MADHUCON Projects Ltd posted a turnover of Rs 60.02 crore, other income of Rs 1.93 crore and a net profit of Rs 4.02 crore during the third quarter of current the fiscal. The company's turnover has increased by 7.7 per cent and net profit rose ... More

CREDIT RATING


Best builder rating
BANGALORE: Purvankara Projects Ltd, a Bangalore-based realtor, has been awarded the best builder rating (DA2+) by Crisil, making it the first developer company to get such a rating in India. The rating indicates the developer's ... More

HUMAN RESOURCES


Behavioural analysis of company executives — The North-South divide is very much there
WHAT is it that makes an executive from the North of Vindhyas different from his peers down South? Or is there any difference at all? This is an on-going debate among recruiters, trainers, HR managers and manpower consultants. And many a time, ... More

MERGERS & ACQUISITIONS


Grasim's alternative proposal to L&T — How long will CDC's patience last?
WHETHER Grasim's offer for the cement division of Larsen & Toubro is acceptable or not with the L&T board, the Birlas appear to be increasingly gaining sympathy in their objections to the CDC proposal, to say the least. This is evident both ... More

Hutchison, Escotel close to merger — Set to give Bharti a run for its money
While Escotel has for long been looking at getting out of the mobile business which is being dominated by bigger players, Hutchison has been scouting for partners to expand its reach across the country. More

NEW PROJECTS


Naukri.com offices in 4 more places
NAUKRI.COM, a division of Info Edge (India) and major job site, has added four more offices to its operational infrastructure at Indore, Vadodara, Kochi and Coimbatore. Headquartered in Delhi, naukri.com has offices located in Mumbai, Pune and ... More

REGULATORY BODIES & RULINGS


FIPB spikes K.K. Birla group plan to transfer Chambal ownership
THE K.K. Birla group plan to transfer ownership of Chambal Agritech Ltd (CAL) from India to Singapore has been rejected by the Foreign Investment Promotion Board (FIPB). The FIPB has rejected the Birla plan at the behest of the Department of ... More

INTERVIEW


`We aim at third position with Rs 1,400-cr turnover by 2005' — Mr Pankaj R. Patel, Chairman, Zydus Cadila
`By 2005, Zydus Cadila will become the third largest pharma company in India with Rs 1,400 crore turnover. By 2010, we hope to be one of the top 10 Asian pharma companies.' More

DIVERSIFICATION


Leela group to invest Rs 26 cr in apparel projects
THE Mumbai-based Leela group of companies is looking at investing around Rs 26 crore in two apparel-manufacturing projects in Kerala. Speaking to Business Line, Mr Venu Krishnan, Executive Director, Hotel Leela Venture Ltd, said that ... More

OUTLOOK


HLL targets Rs 500 crore from network marketing
"As long as HLL is able to circumvent channel conflicts, this foray into network marketing is going to be beneficial for the company,'' Mr Anurag Dhanwantri, Senior Analyst, Prabhudas Lilladher, said. More

PERFORMANCE


Hero Honda sales up 23% in April-Jan
HERO Honda Motors Ltd has said its sales during April-January period of the current fiscal rose by 22.68 per cent to 14.27 lakh motorcycles over the same period last year. In January, the company sold 1.45 lakh motorcycles, up by 16.45 per cent ... More

PEOPLE


SAIL making top-level changes
STEEL Authority of India Ltd (SAIL) is effecting some changes at the level of executive directors. As a part of these inductions, sources said that the Central Marketing Organisation (CMO) here would get two Executive Directors (EDs) — ... More

NEW PRODUCTS & SERVICES


Kochi firm unveils `bed air-conditioner'
FOR those who cannot afford to enjoy the luxury of an air-conditioner, a Kochi-based company has introduced a `bed air-conditioner'. Chilton Refrigeration, an SSI unit in the Industries Development Area in Edayar, has launched the product which ... More
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In Focus
Kelkar Report
Telecom Competition
Oil PSUs: Disinvestment dilemma
NPAs in Banking
In Depth
Simple Economics
Consumer Notes
Tax Talk
The Brahmananda collections
2002: A drought year
Gold: Still the winner?
Cars: Always a beauty
Books and Reviews
Looking back
Jan. 26-Feb. 1
Strict disclosure norms for companies in offing

Maruti IPO to hit market in March

`Steel is no longer commodity, it's a product' — Mr Raman Madhok, Jt Managing Director & CEO, Jindal Iron

L&T discusses CDC plan; Grasim proposal tabled

Dr Reddy's halts trials of 3 molecules

Dabur okays pharma units' spin-off — Share allotment, co name to be finalised soon

FIs drag Daewoo to Korean court


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