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Friday, April 30, 2004

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ANNOUNCEMENTS
SBL lines up homeopathic launches
SBL Private Ltd is planning to tap the Rs 400-crore homeopathic remedies market with the launch of a range of medicines for the treatment of cardiac-related ailments, osteoporosis and HIV/AIDS. And as a first, it has launched a new solution for ... More

MPM Group plans to open malls in Jaipur, Bangalore
"We are holding talks to open malls there," Mr Raj Kumar Malpani, Chairman and Managing Director of the group, said. Addressing a press conference here on Thursday, he said the group was taking up two malls in Himayatnagar and Ameerpet in the ... More

Skoda to bring in Octavia Rider in May
CZECH automaker Skoda Auto has decided to replace its flagship brand in India, Octavia with a new model, the feature-rich Octavia Rider which will be launched in end-May. "It will be a busy year for us as we will launch new variants and replace ... More

Prize Petroleum-Aban consortium lands ONGC deal
A CONSORTIUM of Prize Petroleum Company Ltd and Aban Loyd Chiles Offshore Ltd has secured a service contract from ONGC to develop three marginal fields at Hirapur, Khambel and West Becharji in Gujarat. According to an Aban Loyd press release, ... More

  • Ranbaxy study

    MANPOWER
    FACT plans second round of VRS
    FERTILISERS and Chemicals Travancore Ltd (FACT) has said it is planning to introduce another round of voluntary retirement scheme (VRS) to reduce its workforce by a 1,000 as the ailing public sector company hopes for a turnaround next ... More

    SOCIAL WELFARE
    `FedEx committed to corporate social responsibility'
    TODAY, more than ever, corporates have become acutely aware of the need to be seen as socially responsible citizens, so much so that corporate social responsibility flows from a company's business mission. FedEx, which has set itself the ... More

    RESTRUCTURING
    BIFR directs trifurcation of Ferro Alloys Corpn — Results for fourth quarter postponed
    THE Board for Industrial and Financial Reconstruction (BIFR) has approved a rehabilitation scheme for the ailing Ferro Alloys Corporation Ltd (FACOR), which could help its early revival. According to FACOR sources, BIFR at its hearing held on ... More

    SHORT TERM INSTRUMENTS
    Bombay Dyeing retains rating
    ICRA has retained the A1+ rating assigned to the Rs 100 crore short-term debt programme of Bombay Dyeing & Manufacturing Company Ltd. The rating indicates higher safety in the short term. The rating also takes into consideration the strong ... More

    MERGERS & ACQUISITIONS
    Pfizer to appoint valuers for Pharmacia merger
    PFIZER Ltd told its shareholders here on Thursday that it would appoint valuers for the merger of the two listed companies, Pharmacia Healthcare Ltd and Pfizer. Mr R.A. Shah, Chairman of Pfizer, said, at the company's annual general meeting, ... More

    NEW PROJECTS
    Jindal Steel to complete expansion ahead of schedule
    JINDAL Steel & Power Ltd (JSPL) is all set to complete its expansion in the steel and power sectors ahead of schedule. The company has informed the stock exchanges that various projects, with an estimated investment of Rs 550 crore, which were . More

    OUTLOOK
    HLL chalks out 10-point plan to rebuild margins
    THE decline in margins across all categories is clearly a major issue for Hindustan Lever Ltd (HLL) prompting it to put forward a 10-point programme to address it. Mr M.S. Banga, Chairman, HLL, also acknowledged competitive pressures and ... More

    Reliance lays out Rs 35,000-cr capex plans
    RELIANCE Industries today said it would spend Rs 35,000 crore over the next five years; nearly three-fourths of it on exploration, production and marketing of oil and gas. Mr Anil Ambani, Vice-Chairman and Managing Director, Reliance ... More

    Nestle India to tap new markets to boost exports
    NESTLE India is looking to improve export performance through new markets and product opportunities, as it feels that there is a need to reduce dependence on select products and markets. The company is in the process of developing export products ... More

    PERFORMANCE
    Reliance: Both petrochemicals, oil refining drive growth
    FOR the first time since the merger of Reliance Petroleum with itself, Reliance Industries has struck a purple patch with both its divisions — petrochemicals and oil refining — encountering favourable trends at the same time. The ... More

    Hindustan Lever — Under pressure on several fronts
    FEW will be surprised that Hindustan Lever's net profits have declined for the quarter ended March 2004. Profitability was widely expected to be squeezed, after the high-profile price wars unleashed this quarter saw the company slashing the price ... More

    In-house R&D products fetch BHEL Rs 575 cr
    BHARAT Heavy Electricals Ltd (BHEL) has achieved a turnover of Rs 575 crore — nearly seven per cent of the company's total turnover in 2003-04 — from commercialisation of products and systems developed through in-house research and ... More


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