CORPORATE
ANNOUNCEMENTS
Lakshmi Machine to pay 100 pc
TEXTILE machinery manufacturing major - Lakshmi Machine Works Ltd (LMW) - has, at its board meeting, resolved to recommend a cent per cent dividend for the fiscal ended March 2004, as against 45 per cent last year. The outgo on this account ...
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No structural changes in India, says Coke
COCA-COLA India said on Wednesday that there would be no structural changes in the Indian operations despite the creation of a new post - President of Bottling Investments - at the parent company's headquarters at Atlanta. Currently, ...
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Chatterjee group to pump in Rs 200 cr more into HPL
THE Chatterjee group is set to pump in additional equity of Rs 200 crore into Haldia Petrochemicals Ltd (HPL) thus kicking off the corporate debt restructuring process of the three-way joint venture company. The equity infusion is likely to ...
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CORPORATE DISPUTES
CEA report favours REL, says Tata Power
TATA Power Company has alleged that the Central Electricity Authority report, based on which the Maharashtra Electricity Regulatory Commission (MERC) rejected its claim that Reliance Energy Ltd (REL) should equally share standby charges with it, ...
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INTERVIEW
`We would be a $50-billion company in 5 years'
THREE years ago few would have bet that equity shares of state-owned Oil and Natural Gas Corporation worth about Rs 10,000 crore would be lapped up in about 11 minutes. Or that it would own equity oil in some of the most prestigious and ...
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SICK UNITS
Centre to hold talks with FIs for FACT revival
THE Union Government would hold discussions with financial institutions for infusing fresh working capital as a short-term revival package for the ailing public sector company FACT. The productivity level of FACT can be increased to 140 per ...
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OUTLOOK
Rising input costs may impact Asian Paints
ASIAN Paints (India) Ltd (APIL) has identified macro-economic environment, further rise in input costs and the unorganised sector as the three risk factors that could affect its performance during the current fiscal. "If India's GDP grows at ...
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PEOPLE
New COO for Hinduja TMT
HINDUJA TMT Ltd (HTMT) has announced that it has appointed Mr K. Thiagarajan as its Chief Operating Officer based in Mumbai. Mr Thiagarajan's previous assignment was with Satyam Computer Services Ltd as Director and Senior Vice-President ...
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