CORPORATE
ACCIDENTS
Explosion in Vadodara factory claims four
THE Nandesari industrial estate, housing hundreds of chemical and petrochemical units in Vadodara saw the second accident over the past three days when four employees were killed in an explosion at Vasudev Chemicals on Monday. The fire that ...
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Rajbandh fire: Panel to scrutinise safety norms
THE safety norms as laid down by the Oil Industry Safety Directorate (OISD) for various oil installations in the country may come up for a review in the light of the devastating fire at Rajbandh depot of Indian Oil Corporation in West Bengal. ...
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ANNOUNCEMENTS
Dabur India fixes record date for pharma co shares
DABUR India Ltd (DIL) on Monday said it has fixed the record date for paying final dividend to its shareholders as well as for issuing shares of Dabur Pharma on June 22. However, the issue of getting Dabur Pharma Ltd (DPL) listed on the stock ...
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Global oil prices put Phillips Carbon under pressure
VOLATILITY in the international oil market is putting the margins of Phillips Carbon Black Ltd (PCBL) under considerable pressure. Company sources said crude prices, earlier expected to be around $30, have been hovering around $40 with ...
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OUTSOURCING
Schwing Stetter to source components from India
SCHWING Stetter (India) Pvt Ltd, which makes concrete mixing equipment, is likely to become a sourcing base of castings and forgings for its parent Schwing Stetter of Germany. "We have got a list of items which we could source from here and ...
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NEW PROJECTS
IMFA Group plans Rs 600-cr expansion
THE IMFA Group, India's largest producer of ferro alloys, on Monday announced expansion plans, which are expected to entail a cumulative investment of Rs 600 crore. According to a company release, the proposed expansion aims at increasing ferro ...
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ALLIANCES & JOINT VENTURES
NPIL inks deal with French firm for skincare products
THE emerging `dermoceuticals' segment is increasingly finding favour in the domestic market, with another Indian pharma company tying up with a French company to promote skin-care products in India. Nicholas Piramal India Ltd (NPIL) announced ...
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Allied Digital in joint venture with Lanka co
ALLIED Digital Service plans to form a joint venture with CNT, a Sri-Lankan firm to manufacture firewall appliances in India. The joint venture would commence manufacturing appliances licensed by Check Point. The formal launch of these ...
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BONUS ANNOUNCEMENTS
Tata Steel plans 1:2 bonus issue
THE board of Tata Steel has recommended an issue of bonus shares in the ratio of 1:2 - one share for every two held. This is subject to the approval of the shareholders at the annual general meeting of the company on July 22. The share ...
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SICK UNITS
BIFR hearing on notice to Autokast on June 29
The company could not operate profitably despite continued support from the State Government.
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OUTLOOK
Ajanta Health hopeful of regaining IDA approval
AJANTA Health, having worked up a froth in the Indian toothpaste market by posting a sale of Rs 106 crore in its first year of operation (2003-04), seems to have joined the big league in oral care in no uncertain terms. The Gujarat-based ...
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Bullish market keeps SAIL plants on growth track
RIDING on a bullish steel market, all the four integrated steel plants of Steel Authority of India Ltd (SAIL) have recorded substantial growth during 2003-04. The company succeeded in wiping out its total accumulated loss of Rs 2,765 crore and ...
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Simplex hopes to cross $1-b turnover in five years
ENGINEERING and construction company Simplex Concrete Piles India Ltd plans to become a $1-billion company in the next five years. The Rs 630-crore company that has built the Supreme Court building, approaches to the Howrah bridge, Tata ...
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PERFORMANCE
Ashok Leyland sales up 33 pc in May
THE buoyant trend in Ashok Leyland's sales figures continues with the company selling 33 per cent more vehicles in May2004 as compared to May 2003. According to statistics provided by the company, it sold 3,905 vehicles in May (2,946 ...
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Tata Motors sales increase by 35.8 pc
TATA Motors Ltd reported a 35.8 per cent growth in total vehicle sales to 29,774 units in May 2004 as against 21,928 units the previous corresponding period. Domestic sales accounted for 28,123 units (20,670 units for the year ago period). In ...
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