The Hindu Business Line : Thursday, May 29, 2003

Coke undertakes fastest capacity expansion
WITH net profitability and a 40 per cent surge in volumes under its belt, Coca-Cola India (CCI) is now undertaking its fastest capacity expansion yet in the domestic market. The soft drink major is in the process of setting into operation 30 ... More

RESEARCH & DEVELOPMENT

Shiva group to invest Rs 10 cr in Indian units
SHIVA group, which is into ultra trace element analysis, materials research, development, application and testing, is planning an additional investment of Rs 10 crore in India this year, to its Rs 45 crore investment so far, according to a press ... More

ANNOUNCEMENTS

Coke coming up with milk-based drink
THE fragmented, but high-potential packaged flavoured milk market, which has names such as Amul, Nestle and Britannia vying for the consumer's attention, will witness a big-ticket entry shortly. In line with its intended `beverage revolution', ... More

Kavithalayaa plans co-production pact with US company — To produce films with cross-cultural themes
THE Chennai-based Kavithalayaa Productions Pvt Ltd, a closely held company, plans to enter into co-production agreement with an "established American company" to produce films with cross-cultural themes, according to Mr B. Kandaswamy of ... More

IndusInd Media unveils CAS brand plans
INDUSIND Media & Communications Ltd, the multi-system operator (MSO), has announced that it will brand its conditional access system (CAS) service `INDigital'. IndusInd, a subsidiary of Hinduja TMT, has tied up with multiple set-top box (STB) ... More

Reliance in talks with Tata Power for gas sale
RELIANCE Industries Ltd has approached Tata Power Company (TPC) to sell natural gas from its Krishna-Godavari gas find on the Eastern coast to TPC's Trombay power generation units. Mr Firdose Vandrevala, Managing Director, TPC, told newspersons ... More

Saregama chalks out turnover strategy
AS part of its plan to become a full-fledged entertainment company, Saregama India Ltd, a leading music company, has drawn up a three-pronged strategy to focus on music, TV content and film business to shore up its turnover, which was hit hard by ... More

Godrej Ind to pay Rs 2 final

CORPORATE DISPUTES

Tanir Bhavi-KPTCL row — Arbitrator's order may not impact power purchase cost
The order has also been neutralised by the exchange rate appreciation in recent months and the fall in the variable charges, particularly naphtha. More

ESOPS

No stock option for promoters on the rolls
The committee has given companies freedom to determine the exercise price and period and to specify the lock-in period for shares issued pursuant to exercise of the option. More

RESTRUCTURING

Kinetic Group to shed accumulated liabilities
IN a strategic move, the Kinetic Group has exited the fund business in its financial joint venture with The Associates, which is part of Citibank and will now focus only on non-fund activities apart from reducing its accumulated liabilities worth ... More

Invensys rejig: BaaN seeks strategic suitor
THE restructuring process of the $10 billion Invensys plc, a global leader in production technologies and energy management, currently under way would pave the way for alienation of its wholly-owned subsidiary BaaN— an enterprise resource ... More

MERGERS & ACQUISITIONS

Joshi Tech to sell stake in oil block
JOSHI Technologies Incorporated (JTI) has decided to sell out its 20 per cent equity stake in an onland oil and gas exploration block in Gujarat to its consortium partners, Gujarat State Petroleum Corporation Ltd (GSPCL) and GAIL India Ltd, say ... More

STANDARDS & BENCHMARKS

ISO certification for NTPC (SR)
THE Southern Region Headquarters of National Thermal Power Corporation (NTPC) has been awarded ISO 9001/2000 quality management system certification from the Bureau of Indian Standards. NTPC's Ramagundam and Simhadri power plants in Andhra ... More

SICK UNITS

Rothschild bid to switch on Dabhol
ENRON'S $ 2.9-billion Dabhol power project in Maharashtra, steeped in controversies from day one, but showcased by the authorities then as the maiden success story of the Centre's efforts in power sector privatisation, is in the showcase yet ... More

OUTLOOK

MetalJunction aims to double transaction value target
METALJUNCTION.com Pvt Ltd, 50:50 e-procurement and e-selling joint venture of Steel Authority of India Ltd (SAIL) and Tata Steel, has set for itself a transactional value target of Rs 1,500 crore in the current fiscal. In 2002-03, the value of ... More

PERFORMANCE

Tata Engg to prepay half its debt
AUTOMOBILE major, Tata Engineering, plans to prepay up to Rs 700 crore of its total outstanding debt in the current fiscal. "We plan to prepay at least Rs 500 crore in the current year and this may go up to Rs 700 crore if we decide to prepay ... More

Asian Paints: Keeping margin pressure at bay
DESPITE facing margin pressure in the January-March quarter that saw profitability dip by 7.5 per cent on a quarter-on-quarter basis, Asian Paints has posted an impressive jump of 25 per cent in profitability for financial 2003. Seen in the ... More

Monsanto India margins resilient despite drought
MONSANTO India appears to have emerged relatively unscathed from what was a harrowing year for companies operating in the farm inputs business. The company's net sales for 2002-03 at Rs 293.9 crore, is just 0.7 per cent lower than the previous ... More

PEOPLE

Nestle Thailand appointment

NEW PRODUCTS & SERVICES

Michelin to roll out 2 new tyres in India
TYRE major Michelin is unveiling two new tyres — Pilot Preceda and the Energy MXV8, which have been designed to suit the varied road and weather conditions experienced in Asia and in particular India. These tyres are targeted at the top-end ... More

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