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Thursday, June 10, 2004

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ANNOUNCEMENTS
Mahindra Holidays eyeing global properties
MAHINDRA Holidays and Resorts India Ltd is taking its brand globally and identifying properties in Eastern Europe and Russia, according to Mr Arun Nanda, Chairman, Mahindra Holidays and Resorts India Ltd and Executive Director, Mahindra and ... More

LG Electronics gets British standard certification
LG Electronics India Pvt Ltd (LGEIL) has received OHSAS 18001:1999 certification from the British Standard Institution (BSI) for a systematic approach towards occupational health and safety management system. According to Mr Arvind Kumar ... More

Sstella Silks share allotment
MUMBAI: Sstella Silks Ltd has informed the Bombay Stock Exchange that at the meeting of the company's board held on April 12, the board allotted 60 lakh equity shares of Rs 10 each fully paid-up in favour of Abancola Trading Company. ... More

Marico plans to move up value chain
MARICO Industries, one of the few FMCG companies to register a healthy double-digit sales growth last year despite an industry downturn, has devised a multi-pronged strategy for growth this fiscal in a bid to reach Rs 1,000 crore sales ... More

ASPET converts debentures to equity shares of Rs 10 each
SOUTH Asian Petrochem Ltd, which has set up the country's largest PET resin plant at Haldia in West Bengal, has converted its debentures into equity shares. The debentures issued by ASPET, as the company is popularly called, were worth Rs 100 ... More

BUYBACK
Reliance Energy to buy back shares at Rs 525
RELIANCE Energy Ltd's board of directors on Wednesday approved a plan to spend a maximum of Rs 350 crore to buy back equity shares of the company from the public at a maximum price of Rs 525 per share. Reliance Energy on Wednesday closed at Rs ... More

NEW PROJECTS
Tata Sons sets up BPO arm — SerWizSol aims top-five slot in 5 years
TATA Sons Ltd has recently set up a wholly-owned subsidiary E2E SerWiz Solutions Pvt Ltd (SerWizSol) to exclusively focus on the contact centre and BPO business. SerWizSol will be targeting both the domestic and overseas markets and expects to ... More

ONGC may start its own insurance outfit
INSURANCE companies are about to lose their biggest client in the country. Oil and Natural Gas Corporation (ONGC) is planning a set-up of its own to take care of its insurance needs, a top ONGC official said. "We have accepted a suggestion to ... More

Kerala: Taj group's move for Technopark hotel draws flak
THE proposal by Indian Hotels Company Ltd (IHCL) to establish a business class hotel at Technopark in Thiruvananthapuram appears to have hit a roadblock with Mr V.S. Achuthanandan, Leader of the Opposition in the State Assembly, asking the State ... More

Henkel Loctite to expand operations
HENKEL Loctite, a highly specialised bonding sealant products company plans to strengthen its market leadership with additional investments of Rs 3 crore this year. The German company, which entered India by setting a manufacturing facility ... More

BONUS ANNOUNCEMENTS
Tube Investments declares 1:1 bonus, 100 pc dividend
THE board of directors of Tube Investments of India Ltd has recommended an issue of one bonus share for each equity share of Rs 10 face value. It has also recommended a dividend of Rs 10 per share (100 per cent). The company has posted a 20-per ... More

SICK UNITS
Paswan considering FACT recast plan, 'decision soon'
RESTRUCTURING of the ailing Central public sector Fertilisers and Chemicals, Travancore, Ltd (FACT), at nearby Udyogamandal, is likely soon as the proposal is being considered favourably by the Union Fertiliser Ministry. "It is in the advanced ... More


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