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Wednesday, January 07, 2004

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ANNOUNCEMENTS
SUV to mark Nissan's re-entry into India
NISSAN Motor Company, the third-largest automaker in Japan, is set to enter the Indian market by launching its sports utility vehicle, X-TRAIL. Nissan will launch the SUV as a completely built unit (CBU), an industry source has said. ... More

Bayer CropScience to launch 4 new products
AS part of its plans to consolidate its presence in the Indian insecticide, herbicide and fungicide markets, Bayer CropScience plans to introduce four new products in the country in the current year. The company had introduced four products in ... More

  • Krebs Bio shuts unit
  • Erin Consultants' plans office in Mangalore

    PREFERENTIAL ALLOTMENTS
    Geodesic okays extension of FII investment limit
    THE board of directors of Geodesic Information Systems Ltd has decided to extend the limit of FII investment in the company from 24 per cent to the sectoral cap of 100 per cent of paid-up capital or paid-up value of each series of convertible ... More

    Filatex board okays pref issue
    FILATEX Ltd has informed the Bombay Stock Exchange that its board, in its meeting held on January 6, has approved the issue of 15 lakh 7.5 per cent cumulative convertible preference shares of Rs 25 each to the company's promoters, including their ... More

    OPEN OFFERS
    SEBI decision on Ondeo Nalco open offer to set precedent
    MINORITY shareholders of Ondeo Nalco India Ltd are eagerly awaiting the directive from the Securities and Exchange Board of India, as the date for opening of the proposed open offer for 20 per cent stake in the company draws near. Earlier, a ... More

    CORPORATE DISPUTES
    Herbertsons: Mallya, Kishore fail to agree — UB for escrow account for shares tendered in open offer
    THE UB group has stated before the Supreme Court that its Chairman, Mr Vijay Mallya's search for an out-of-court settlement with Mr Kishore Chhabria to resolve the dispute for control over Herbertsons Ltd has not progressed on expected ... More

    MERGERS & ACQUISITIONS
    Ranbaxy completes acquisition of RPG (Aventis)
    RANBAXY Laboratories Ltd has completed the acquisition of RPG (Aventis) SA making it the wholly-owned subsidiary of the company. The company will continue to retain the name RPG, to leverage its strong brand equity and visibility in the French ... More

    NEW PROJECTS
    Deepak Fertilisers setting up Rs 200-cr isopropyl alcohol project
    THE Pune-based Deepak Fertilisers and Petrochemical Corporation Ltd on Tuesday said it was undertaking a Rs 200-crore project to manufacture isopropyl alcohol (IPA), a value-added solvent used by the pharmaceutical, agrochemical and imaging ... More

    ALLIANCES & JOINT VENTURES
    Toyota Kirloskar signs pact with Corpn Bank
    TOYOTA Kirloskar Motor Private Ltd in its bid to penetrate into rural and semi-urban markets, has entered into an agreement with Corporation Bank for financing their vehicles. After exchanging a copy of memorandum of understanding with the ... More

    INTERVIEW
    Sony to tune into younger, peppier look for 2004
    SONY has been able to drive growth in terms of viewership and revenue over the past six months primarily by reworking some of its properties. But the big thrust for the channel was provided by its show — Jassi Jaisi Koi Nahin. Mr ... More

    OUTLOOK
    Kinetic plans to gear up motorcycle share
    NEXT fiscal will see Kinetic Group finally making its transition from a predominantly scooter company to a motorcycle company. Though Ms Sulajja Firodia Motwani, Joint Managing Director of Kinetic Engineering, maintains that the group is now a ... More

    Britannia plans to consolidate milk biz in Mumbai
    HAVING exited from the liquid milk business in Delhi and the Southern markets, the Britannia group is now trying to consolidate its business in Mumbai and Pune. According to officials of its joint venture, Britannia New Zealand Foods Pvt Ltd, ... More

    PERFORMANCE
    SAIL registers 7.9 pc growth in iron ore production
    THE Raw Material Division (RMD) of Steel Authority of India Ltd has registered a 7.9 per cent growth in the production of iron ore during the period April-December, 2003-04, compared to the corresponding period of the previous year. According ... More

    Ford reports drop in sales
    FORD India ended 2003 with total sales of 42,956 units against 44,683 units in 2002. An increase in domestic sales made up for the fall in exports during 2003, according to company officials. Although the sales last year were lower than in ... More

    Rourkela Steel Plant product sales up 11%
    IN the first three quarters of the current financial year, 2003-04, Rourkela Steel Plant's (RSP) production of hot metal was 1.3 million tonnes, continuous cast slabs 1.18 m.t. and total saleable steel was 1.14 m.t. On these three accounts, RSP ... More


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  • Top Stories
    Chilly North warms up egg prices


    Dollar's descent worries financial, commodity markets

    Steel price rise puts brakes on auto component sector growth

    Huge rush to convert shares into demat

    SUV to mark Nissan's re-entry into India

    New security code for ships, ports to be ready by May

    Readymade garment exports up in Apr-Dec

    Silver utensils price tops Rs 10,000 a kg

    Looking back
    Dec. 28-Jan. 3
    Electrolux chalks out advt, product strategy

    `Stock market is a buffet waiting to be relished'

    SAIL breaks sales, production records


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