The Hindu Business Line : Monday, January 26, 2004

ANNOUNCEMENTS
JK Industries hikes truck tyre prices by 3 pc
FACED with a drop in profit margins during the quarter ended December 2003 due to strengthening of raw material prices, the Rs 2,018-crore JK Industries Ltd has now effected a 3 per cent increase in the prices of its commercial truck and bus ... More

BUYBACK
Indal shares: Hindalco extends buyback offer
INDIAN Aluminium Company Ltd (Indal), whose 96.37 per cent of the total paid-up capital share is controlled by an Aditya Birla Group outfit — Hindusthan Aluminium Company (Hindalco), has received "in-principle" approvals for delisting its ... More

NEW PROJECTS
Sirpur Paper in expansion mode
After expansion, the company's installed capacity would increase from 80,000 tonnes per annum to 1.3 lakh tpa. More

Newage Electrical expands capacity
TO cater to the expanding domestic and international markets for alternators, Newage Electrical India Ltd (NEIL), part of the Newage AVK SEG (NAS), has expanded its facility in Ahmednagar. Newage AVK SEG has also flagged off its first consignment ... More

ALLIANCES & JOINT VENTURES
Nandan Agro scouting for tie-ups
NANDAN Agro Farms Pvt Ltd, involved mainly in the cultivation and processing of medicinal plants and products, is scouting around for farm tie-ups in a bid to induce farmers to shift to cultivation of such plants. The company has been getting ... More

OUTLOOK
IOC aims to save Rs 700 cr thru software packages
The software, developed by Tata Honeywell, consists of two parts covering refinery and supply chain optimisation processes. More

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Jan. 18-Jan. 24
Fastow guilty plea seen as a breakthrough

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Piaggio eyes Rs 1,000-cr turnover in India by 2005

Ashok Leyland plans Rs 390-cr investment — May make a foray into China, Pakistan

Chemfab Alkalies to put up Rs 30-cr desalination plant

Special Court clears Jayalalithaa in SPIC case