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Saturday, June 19, 2004

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ANNOUNCEMENTS
Shrenuj turnover up 39 pc; to pay 25%
SHRENUJ & Company Ltd has announced 25 per cent dividend for the financial year 2003-04, up 22 per cent last year. The company achieved a sales turnover of Rs 409.74 crore, recording an increase of 39.40 per cent growth over last year. The ... More

Ranbaxy to seek shareholders' nod on directors' compensation
RANBAXY Laboratories Ltd will seek shareholders' nod at the forthcoming annual general meeting (AGM) on June 25 to empower its board to compensate the non-executive directors through payment of commission on net profit of the company. With ... More

AWARDS & HONOURS
Pragati Offset bags four golds in SAPPI contest
PRAGATI Offset Pvt Ltd, the Hyderabad-based Rs 50-crore printing solutions provider, has bagged four gold awards and one bronze in the recently concluded `SAPPI Asian printer of the year competition' held at Singapore. The South African Pulp ... More

RESTRUCTURING
HLL completes sale of holding in KICM (Madras)
HINDUSTAN Lever Ltd (HLL) has completed sale of 100 per cent shareholding in KICM (Madras) Ltd to two non-resident Indians (NRIs) named Mr Ramana Epparla and Ms Siva Epparla after receiving necessary approvals from the Foreign Investment ... More

MERGERS & ACQUISITIONS
GE Shipping acquires 63 pc stake in POTIL
GREAT Eastern Shipping, the country's largest fleet owner in the private sector, has announced the acquisition of 13.52 lakh equity shares of P&O Travel India Ltd (POTIL), an unlisted company. These shares represent 38.64 per cent of the paid-up More

TRADE & LABOUR UNIONS
Labour problem in Durgapur factory — Alstom India to execute boiler orders from Indonesian factory
ALSTOM Projects India Ltd (APIL) plans to shift its boiler manufacturing activities from Durgapur in West Bengal to its factory in Indonesia following labour problems. Existing boiler orders will be executed from the factory and there are no ... More

ALLIANCES & JOINT VENTURES
Integra to fire Piramals' foray into garments
MORARJEE Mills, part of the fast expanding Rs 2,000-crore Ajay Piramal Group, is forging a joint venture with a team of industry professionals to tap the global market for garment exports as textile quotas unravel in January next year. ... More

OUTLOOK
Vedanta to hike capacity; targets $6-billion turnover
VEDANTA Resources plc, the London-headquartered metals and mining group with operations in India, plans to hike capacity in each of the three metals it produces to 500,000 tonnes a year and achieve a turnover of $5-6 billion from $2 billion now, ... More

Finolex plans switchover to making light duty cables
REDUCTION in the off take of JFTC (jelly filled telephone cables) in the country have made the Pune-based Finolex Cables Ltd (FCL), decide to modify their existing JFTC lines to produce LDC (light duty cables), particularly automobile cable ... More

PERFORMANCE
Premier Explosives turnover at Rs 49.54 cr
PREMIER Explosives Ltd (PEL), engaged in the production of explosives and mushrooms, has posted a turnover of Rs 49.54 crore, other income of Rs 2.68 crore and a net profit of Rs 2.03 crore during 2003-04. The company's board has recommended a ... More


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Top Stories
AP farmers to take up projects abroad


Assocham wants I-T exemption limit raised to Rs 1 lakh

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Bill to allow options trade in commodities soon

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Looking back
Jun. 6-Jun. 12
Tata Motors positive on Rs 1 lakh car plan

`Madras Fert networth hit by urea pricing policy'

Bullish market keeps SAIL plants on growth track

Tata Motors sales increase by 35.8 pc

Corporates roping in staff to take up social responsibility


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