The Hindu Business Line : Tuesday, June 10, 2003

BSES is now Reliance Energy — To set up transmission, trading arms
BSES Ltd was on Monday fully inducted into the Reliance conglomerate, with the shareholders of the country's oldest private electricity distribution utility voting to rename it as Reliance Energy Ltd. The company would also set up two ... More

Vardhaman to seek nod for delisting from DSE

FINANCIAL PERFORMANCE

Trent posts higher net, to pay Rs 5.50 dividend

MERGERS & ACQUISITIONS

Coromandel joins race for AP Govt stake in Godavari Fert
The acquisition of GFCL by Coromandel Fertilisers would enable the Murugappa group to emerge as one of the largest fertiliser manufacturers in the sub-continent. More

NEW PROJECTS

JK Tyre to expand radial capacity at Mysore plant
JK Tyre, the flagship division of JK Industries, is expanding radial truck tyre production at its Mysore plant to 3.5 lakh units per year from the current 2.4 lakh units, as demand for radial tyres is on the rise in the country. Top company ... More

Ceat plans to set up Rs 250-cr truck radial unit
CEAT Ltd plans to invest Rs 250 crore to set up a unit to manufacture radial tyres for trucks, according to Mr Kalyan K. Paul, Vice-President, Sales and Marketing, Ceat Ltd. He said that the unit would have the capacity to manufacture 50,000 to ... More

SICK UNITS

Panel moots co-op to take over FACT
SAVE FACT Action Committee has mooted a multi-State co-operative society under MSCS Act 1984 to take over Fertilisers and Chemicals Travancore Ltd (FACT) and submitted a proposal to the State Chief Minister for consideration of the ... More

OUTLOOK

RINL plans to overcome feedstock shortage
RASHTRIYA Ispat Nigam Ltd (RINL), is searching for alternatives to augment its iron ore inventories to facilitate unhindered production at normal levels, Mr B.K Panda, Chairman and Managing Director, has said. He told newspersons here that ... More

Tata Steel bets on brand premium
TATA Iron and Steel Co Ltd (Tata Steel) expects to double its premium on branded products by year-end, officials said. "We will definitely see our premium for branded products going up to Rs 1,000 per tonne by year end from Rs 500 per tonne," Mr ... More

PERFORMANCE

Tata Engg May sales up 68%
TATA Engineering has reported a total sale of 21,929 vehicles (including exports) for May 2003, a growth of 67.9 per cent over the year-ago levels. Domestic sales for the month were up 67.8 per cent at 20,715 units, an official statement ... More

PEOPLE

New faces in Indo Rama Textiles board

TRENDS

`Chief Executive Officers are on the firing line'
"THE Sunil Alagh incident has shown that CEOs are not sacrosanct," says Mr Kris Lakshmikanth, Founder CEO and Managing Director, Head Hunters, a Bangalore-based recruitment firm. The concept of long-term CEOs is outdated and they are in the ... More

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