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Monday, May 31, 2004

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ANNOUNCEMENTS
Country Club buys new property in Bangalore
COUNTRY Club, which shifted its head quarters to Bangalore sometime ago, has acquired Sun Valley, an existing club owned by Vijayanagar Resorts and would be revamping it for a re-launch soon. Sun Valley will carry the tag Country Club Sun Valley ... More

Jesco set to sign MoU for developing Mangalore SEZ
The initial investment required for the SEZ's infrastructure development is estimated at Rs 400 crore. More

Haier expanding Indian operations
HAIER, the German-named Chinese multinational white goods company, is spreading its wings wider in India. Mr T.K. Banerjee, President and CEO of Haier Appliances (India), told Business Line here that after consolidating its position in ... More

Krebs plans bio-fuels, food products foray
KREBS Biochemicals and Industries Ltd, the city-based biochemical company engaged in the manufacture of active pharmaceutical ingredients using fermentation technology, proposes to diversify into other activities. In a press release here, the ... More

PREFERENTIAL ALLOTMENTS
Rajasthan Spinning members okay preferential issue
RAJASTHAN Spinning and Weaving Mills Ltd has informed the Bombay Stock Exchange that the shareholders have approved a preferential issue of 20.35 lakh equity shares of Rs 10, each fully paid-up to be issued for cash at a premium of Rs 33 per ... More

NEW PROJECTS
Sree Krishna Sweets to waft its flavour beyond Indian shores
THE south Indian sweets flavour is all set to cross borders, with the city-based Sree Krishna Sweets (SKS) spreading its wings in the US . SKS has finalised a deal by signing up with a venture partner to begin operations in the US. `The ... More

INTERVIEW
`We hope to do better in second half'
SCHWING Stetter (India) Pvt Ltd, a wholly-owned subsidiary of Schwing Stetter of Germany, makes concrete mixing equipment in its plant at Irungattukottai, near here. It expects market to pick up in the second half of 2004 once issues that are ... More

DIVERSIFICATION
STCI to enter portfolio management
THE Securities Trading Corporation of India Ltd (STCI), will soon enter portfolio management and equity trading business to augment its income stream. The corporation has already received approval from the RBI and SEBI for starting portfolio ... More

PERFORMANCE
Dividends lag behind earnings; pay-out flat
CORPORATE India may not be in the mood to fully loosen its purse strings, despite a good earnings season for the top companies. For 108 companies (constituents of BSE 200), which have announced dividends in 2003-04, the dividend growth of 23 per ... More


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