CORPORATE
ACCIDENTS
Fire at India Cements plant disrupts production
A fire at India Cements's Chilamkur plant, near Cuddapah, has affected production at the facility. According to information provided by the company to stock exchanges, a fire, which started from the cable trench at the Chilamkur Cement Plant, ...
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ANNOUNCEMENTS
Aarti Drugs files six molecules for USFDA nod
AARTI Drugs Ltd (ADL), a research-driven company engaged in the development and manufacturing of APIs, bulk drugs and intermediates, has filed applications for USFDA approvals for six new molecules in different therapeutic segments such as ...
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Zee's Telugu channel likely in August
AFTER the foray into the regional television market in the North and East under the Alpha basket, Zee Network is making inroads into the South by launching a channel in Telugu. The channel, Alpha Telugu, is all set to come up in August. "This ...
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Divi's Labs announces book closure
HYDERABAD: Divi's Laboratories Ltd (DLL), the Hyderabad-based pharmaceutical company, has informed the stock exchanges that its board has decided to close the share transfer books from July 31 to August 9, both days inclusive, for the ...
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HM launches new range of Lancer
HINDUSTAN Motors (HM) has launched an upgraded range of the premium mid-size car Lancer, which would be offered along with a three-year or 50,000-kilometre warranty. The four new `Lancer' models have been priced in the bracket of Rs 7.25-9.77 ...
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RESTRUCTURING
PHDCCI plea on transfer of assets between group cos
THE PHD Chamber of Commerce and Industry (PHDCCI) has suggested that any transfer of assets between group companies in a bona fide worldwide restructuring exercise should not trigger the transfer pricing regulations of the country. In its ...
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Eveready to demerge battery, tea biz
THE Rs 1,000-crore Eveready Industries India Ltd, the flagship company of the city-based B.M. Khaitan Group, will be split vertically into two companies - one dealing with battery and packet tea and the other with bulk tea. According to a ...
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MERGERS & ACQUISITIONS
Madison hikes stake in Anugrah
MADISON Communications Pvt Ltd, which holds a 26 per cent stake in the Chennai-based Anugrah Madison Advertising Service Pvt Ltd, has increased its stake to a majority 51 per cent in the agency. Consequently, the stake of the promoter Chairman &
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Energy Trading acquires 3 Wellman Incandescent units
ENERGY Trading Company Pvt Ltd, the Indian arm of the Singapore-based Natural Resources Pte Ltd, has acquired three units of Wellman Incandescent Ltd through the company's official liquidators for a consideration of Rs 13.25 crore. According ...
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NEW PROJECTS
Polar Pharma to expand capacity — Plans to relaunch Adam brand of condoms
Polar Pharma India Ltd, which was earlier known as Polar Latex Ltd, is expanding its production capacity and has also relaunched its Adam brand of condoms. According to Mr S. Perumal Pillai, Director & CEO of the company, the Adam brand was ...
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DSCL seeks $40-m IFC loan to fund expansion
DCM Shriram Consolidated Ltd (DSCL) has applied for a Rs 180-crore ($40 million) loan from the Washington-based International Finance Corporation (IFC) to fund its Rs 320-crore ongoing expansion plans. According to the plans, another Rs 120 ...
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Toyota to invest Rs 600 cr in new car project
TOYOTA-KIRLOSKAR Motor plans to invest around Rs 600 crore for a new car project, which will be funded fully through internal accruals. A top Toyota Kirloskar official told Business Line that the investment would go towards product ...
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OUTLOOK
Bell Granito plans to set up 22 outlets
BELL Granito Ceramic Ltd (BGCL), the Baroda-based Rs 100-crore vitrified tiles major, has chalked out a major expansion programme for its retail marketing operations across the country for the next six months period. According to the BGCL ...
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ThyssenKrupp JBM lines up more auto clients — Plans to invest Rs 7 crore in capacity expansion
THYSSENKRUPP JBM (P) Ltd, which makes underbody chassis structured parts in its plant at Maraimalai Nagar near here, hopes to begin supplying these components to more automobile manufacturers in the country. It is in discussions with some of ...
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IOC to invest Rs 150 cr in Kerala
INDIAN Oil Corporation has proposed to invest Rs 150 crore in Kerala during the financial year 2004-05. The initiatives drawn up by the company for the State included augmentation and modernisation of retail outlets, enhancement of LPG ...
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PEOPLE
Alagh joins Gati Board
FORMER CEO and Managing Director of Brittania Industries, Mr Sunil Kumar Alagh, has joined Gati Ltd., the logistics major as the Director on its Board. Mr Alagh, after a stint of four years with Brittania between 1989-2003, is presently the ...
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