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Tuesday, May 25, 2004

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CORPORATE

MODERNISATION
BHEL to invest Rs 900 crore for plant modernisation
BHARAT Heavy Electricals Limited (BHEL) is investing Rs 900 crore during the Tenth Plan period (2002-2007) towards modernising its manufacturing plants, according to an official release. Of this Rs 900 crore, Rs 350 crore has been invested in ... More

ANNOUNCEMENTS
ONGC, Schlumberger join hands for field study
OIL and Natural Gas Corporation (ONGC) on Monday forged an alliance with global oil service provider Schlumberger for sourcing technology to increase production from its depleting and ageing fields. "Our technical alliance with Schlumberger ... More

GM's 24-hour call centre for customer care
GENERAL Motors India is taking a step further to service the customers with value addition. It is in the process of setting up a 24-hour call centre in New Delhi. Talking to Business Line, Mr Rajeev Chaba, Chief Operating Officer, said ... More

GM working on alternative path if Daewoo plans hit roadblock
GENERAL Motors is putting together an alternative plan for manufacturing small cars in India in case its plans to takeover the Daewoo Motors' assembly plant does not come through. "We are working on an alternative plan in case we decide not to ... More

Roots Ind flags off first shipment of horns to Ford
THE first consignment of horns to Ford Motor Company, US, from the Coimbatore-based manufacturer of automobile horns, Roots Industries Ltd, was flagged off last week. The consignment contained 20,000 horns and was valued at $40,000 (Rs 18 lakh). ... More

AWARDS & HONOURS
US honour for Sami Labs chief
THE Sami Labs CMD, Dr Muhammed Majeed, has been presented with the Ellis Island Medal of Honor in appreciation of his leadership and contribution to the US industry, according to a company release here. The medal has been instituted by the ... More

INSIGHT
Risk management — Nothing risked, nothing gained
Though the business environment has become riskier in recent times, the approach to risk management still remains simplistic in most companies. More

MANAGEMENT
AOTS training programme for Kerala entrepreneurs
KOCHI: The Association for Overseas Technical Scholarships (AOTS), a Tokyo-based organisation, is offering scholarships for small and medium-scale entrepreneurs and company managers for special management training in Japan. The training ... More

MERGERS & ACQUISITIONS
Warburg Pincus to pick up 29% stake in Max India
PRIVATE equity fund Warburg Pincus has decided to pick up 29 per cent stake in Max India Ltd by investing Rs 200 crore in the company. It will pick up 10 million equity shares of Rs 10 per share at an issue price of Rs 200 per share through the ... More

BONUS ANNOUNCEMENTS
Shanthi Gears opts for stock split; recommends 1:1 bonus issue
SHANTHI Gears Ltd has decided to opt for stock splitting with a view to enhancing liquidity for the company's shares. The proposal to split the shares made at a meeting of the board of directors on Monday will see sub-division of equity share ... More

OUTLOOK
Bright fiscal seen for listed media cos
While a majority of analysts maintain that the numbers have been in line with expectations, there are those who believe that right now there is nothing exciting about these companies. More

PEOPLE
E&Y inducts Ratan Tata into WEOY Academy
ERNST & Young, the leading global professional services firm, announced that Mr Ratan Tata, Chairman of the TATA Group and winner of the `India Entrepreneur Of The Year' award 2003, will be inducted into the prestigious Ernst & Young World .. More

Top-level rejig at SRF; to pay 25 pc
IN a top-level rejig at the Rs 935-crore SRF Limited, Mr Arun Bharat Ram, who was Vice-Chairman and Senior Managing Director, has now been elevated to the position of Chairman and Managing Director of the company. Mr Arun Bharat Ram has ... More


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