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Friday, March 05, 2004

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ANNOUNCEMENTS
Thomas Cook plans outbound charters
THOMAS Cook plans to operate outbound charters to cater to its leisure group traffic by the end of this year, according to Mr Ashwini Kakkar, CEO and Managing Director, Thomas Cook (India) Ltd. The company is awaiting Government approvals for ... More

OVERSEAS BORROWINGS
$ 6-b ECB money likely to flood markets — Cos seeking 'change in lender profile, lower interest cost'
A number of your clients appear intent on ignoring rupee funds and are instead, queuing up to borrow from overseas markets. Since January, about 25 companies have announced plans for raising money through external commercial borrowings (ECBs). ... More

CREDIT RATING
Bombay Dyeing rating reaffirmed
MUMBAI: BOMBAY Dyeing & Manufacturing Company Ltd has informed BSE that ICRA has reaffirmed the `A1+' rating assigned to the Rs 100-crore short-term debt (including CP) programme. ... More

MERGERS & ACQUISITIONS
Total to take 26 pc stake in Shell Hazira
SHELL Gas BV, a member of the Royal Dutch/Shell Group of Companies, on Thursday announced that it had agreed to terms for Total Gaz Electricité Holdings France to take a 26 per cent share in the Hazira project. This would be subject to the ... More

Apollo Tyres in talks again to buy Modi Rubber
APOLLO Tyres has revived efforts to acquire the manufacturing facility of the beleaguered Modi Rubber. Top officials of both the companies jointly met the creditors of Modi Rubber today to seek their support for the proposed deal. According to ... More

Haier buys out entire stake in Indian unit
THE China-based $9.2-billion consumer durables and electronics major, Haier Group, has taken control of 100 per cent stake in Haier Appliances (India) Pvt Ltd by buying out the initial Indian promoters. With this, the Indian outfit becomes the ... More

NEW PROJECTS
Shrenuj to set up third jewellery unit
SHRENUJ & Company, manufacturer and exporter of cut and polished diamonds and diamond-studded jewellery, is expanding capacity by setting up its third jewellery-manufacturing unit in SEEPZ (Mumbai) soon. "The new factory will be commissioned in . More

Dr Batra's mulls clinics in Kolkata, Guwahati
DR Batra's Positive Heath Clinic Ltd (DBPHCL) is planning to launch two more clinics in the eastern and north-eastern regions - one in Kolkata and the other in Guwahati. The company has 20 clinics in 12 cities across the country and abroad. ... More

GGS India arm to expand
CHENNAI: The US-based GGS Information Services has announced that its book services division's production support office in India has joined with its Pennsylvania and New Jersey offices to offer a full range of editorial, content ... More

ALLIANCES & JOINT VENTURES
IOC ties up LNG sale with Essar Steel
INDIAN Oil Corporation (IOC), a co-promoter of Petronet LNG Ltd., has tied up its share of LNG sale through strategic Gas Sales Agreements (GSA) with key customers. The GSA for the last tranche of supplies was signed recently with Essar Steel ... More

Novartis AG seeks tie-ups with Indian companies
THERE may not be another exclusive marketing right (EMR) from the Novartis-stable, just yet. But Novartis' roller-coaster experience with EMR, the country's first ever, for its blood-cancer drug Glivec will not deter the Swiss pharma-major from ... More

Wipro inks pact with Brillian
BANGALORE: Wipro Technologies has signed a systems electronics development agreement with Brillian Corporation, a developer and manufacturer of high-definition television (HDTV) products. Under terms of the development agreement, Wipro ... More

SOCIETY & DEVELOPMENT
BEL aid to centre for disabled
BEL has contributed Rs 8.13 lakh to the Divine Light Trust for the Blind at Whitefield, Bangalore. The aid will be used to start a computer training centre, a vocational training centre for tailoring; and a horticulture training centre. The ... More

DIVERSIFICATION
Sanwaria Agro board clears power sector foray
SANWARIA Agro Oils Ltd, one of largest soya oil refining companies in the country, informed the BSE on Thursday that the meeting of the board of directors approved the proposal for foray into power generation sector. However, the board decided ... More

BONUS ANNOUNCEMENTS
Marico mulls bonus issue again
MARICO Industries Ltd is looking at a bonus issue once again, having offered a 1:1 bonus share offering in mid-2002. News of the bonus issue drove Marico's share price higher by 20 per cent to Rs 291.60 during the session on Thursday on BSE but ... More

OUTLOOK
Phillips Carbon aims at Rs 1,000-cr turnover
PHILLIPS Carbon Black Ltd (PCBL) is targeting Rs 1,000-crore turnover within the next three years, the company Chairman, Mr Sanjiv Goenka, has said. He also indicated possibilities of PCBL investing in a fourth plant. Addressing the company's ... More

PEOPLE
Saran Narang on Nicholas Piramal board
Dr Saran Narang, a well-known molecular biologist and Principal Research Officer of the Genetic Research Programme at the National Research Council of Canada, has been appointed to Nicholas Piramal Scientific Advisory Board. At Nicholas ... More


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