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Thursday, March 25, 2004

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ANNOUNCEMENTS
HMSIL to roll out first motorcycle in October
TWO-WHEELER company Honda Motorcycles and Scooters India Ltd (HMSIL) has set itself a target of selling five lakh two-wheelers in the country next year and has embarked on a major top-level corporate restructuring and brand building exercise ... More

RPG Enterprises to fund Saregama's film ventures
RPG Enterprises will fund the group's foray into film business, according to Mr Sanjiv Goenka, group Vice-Chairman. Speaking to newspersons after the Saregama India Ltd AGM, he said that the estimated Rs 9 crore required for the productions ... More

Cipla board okays stock split
CIPLA Ltd has informed the BSE that its board has approved the sub-division in the face value of equity shares of the company from Rs 10 to Rs 2. This was decided at a board meeting on Tuesday. The company, however, said that the decision ... More

  • Indian Rayon meet on allotment of shares
  • Addl Director on NCCL board

    PREFERENTIAL ALLOTMENTS
    Alok Ind mulls pref issues
    ALOK Industries Ltd has informed the Bombay Stock Exchange about its preferential issue plans. It said it is proposing to issue 35.58 lakh equity shares of Rs 10 each to the promoters and Khandelwal Polyester Pvt Ltd on a preferential basis; ... More

    COURTS/LEGAL ISSUES
    Spectrum shareholder files petition seeking share freeze
    A SHAREHOLDER of Spectrum Power Generation Ltd, Mr Laxman Raj Madas, has filed a petition in the Court of Chief Judge, City Civil Courts here, to freeze the shareholding of Mr M. Kishan Rao and R.R. Godavari Power Ltd (RRGPL), a company belonging ... More

    CREDIT RATING
    Moody's upgrades Tata Motors outlook to positive
    MOODY'S Investors Service has changed the outlook for Tata Motors to positive from negative. The Ba2 rating for senior unsecured debt was affirmed. The change in the outlook was prompted by strong improvements in Tata's operational ... More

    MERGERS & ACQUISITIONS
    Transgene approval for Saket merger
    HYDERABAD: The board of Transgene Biotek Ltd at a meeting has approved a resolution to amalgamate Saket Bio-Technologies Pvt Ltd with itself. In a statement to stock exchanges, the company said the draft scheme approved by the board is ... More

  • Alka Spinners board meet to discuss merger

    NEW PROJECTS
    Welspun Gujarat to invest Rs 200 cr in new capacity
    WELSPUN Gujarat Stahl Rohren plans to invest Rs 200 crore in setting up a new manufacturing unit in Gujarat. The saw pipes manufacturer plans to add capacities of around 5,00,000 tonnes by the end of this calendar year. "We plan to set up ... More

    ALLIANCES & JOINT VENTURES
    Haldia to be manufacturing base for Russian UralAZ
    URALAZ of Russia, a cross-country and offroad commercial vehicle supplier, has selected Haldia in West Bengal as its base for manufacturing latest commercial vehicles. A joint venture company has been established under the name of Ural ... More

    IPOS
    Dishman Pharma price band at Rs 155-175
    DISHMAN Pharmaceuticals and Chemicals Ltd (DPCL) has kept its price band of Rs 155-175 per equity share for its forthcoming IPO. The issue that opens on March 29 and closes on April 7 is looking to raise Rs 53 crore-60 crore. The ... More

    SICK UNITS
    CM's intervention sought to resolve Maha Scooters issue
    THE Maharashtra Scooters Minority-shareholders Association (MSMA) has said it has sought the intervention of the Chief Minister, Mr Sushil Kumar Shinde, in the sale of the Western Maharashtra Development Corporation's (WMDC) equity at the ... More

    OUTLOOK
    Electrolux spruces up supply-chain management
    SUPPLY-chain management plays a vital role in pushing the profitability of the consumer durables and electronics industry. Armed with a strategy to boost sales and strengthen its market position, the Indian arm of Swedish white goods major, AB ... More

    New control tech powers BHEL business
    RECENTLY, when the Karnataka Chief Minister, Mr S.M. Krishna, pressed a button in Bangalore and commissioned the first Almatti dam powerhouse project in distant Bagalkot, it was a statement on how remote-controlled technology can transform power ... More

    Hyundai sales likely to rise 47 pc
    HYUNDAI Motor India (HMI), the country's second largest car manufacturer, is likely to close the current fiscal with sales of over 1.65 lakh vehicles, including exports of about 40,000 vehicles. The company's turnover for the year ending March ... More

    Saregama plans tie-ups for music download
    AS part of its strategy to tap alternative revenue streams, Saregama India Ltd (SIL) is planning tie-ups with US network portals for offering digital downloads to NRIs in the US. The SIL's Managing Director, Mr Dilip R. Mehta, said here today ... More


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