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Tuesday, July 27, 2004

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ANNOUNCEMENTS
Wockhardt board okays US listing plans — Approves $100 m for acquisition in Europe
WOCKHARDT Ltd today further fortified its international plans with its board approving a proposal to seek a US listing of its securities. Further, the company has also got the board's green signal to spend around $100 million (around Rs 463 ... More

CORPORATE DISPUTES
Judge declines to hear Birla probate case on personal grounds
THE probate matter of the will of the late Priyamvada Birla came up for hearing before Mr Justice Subhra Kamal Mukherjee of the Calcutta High Court today. The judge, however, declined to take up the matter and released the same absolutely on ... More

HUMAN RESOURCES
Corporate anthems as morale-boosters
Corporate jingles aim to enhance company recognition and reinforce ideas of team spirit and commitment among employees. More

NEW PROJECTS
Gabriel's methanol project cleared
GABRIEL Trade and Investment Co Ltd's plan to set up a industrial methanol unit with an investment worth Rs 900 crore was okayed by the Cabinet Committee on Economic Affairs (CCEA). In December 2003, the proposal was recommended by the ... More

BMW team in Kochi
KERALA'S attempts to get BMW to set up an assembling unit in the State has received a fillip with a team from the German auto major visiting Kochi for a second time in three months. According to official sources, a four-member team from BMW ... More

SAIL to raise hot metal production to 20 mt
STEEL Authority of India Ltd (SAIL) today unveiled its corporate plan 2012 that includes a decision to raise hot metal production from 13 million tonnes (mt) to 20 mt at an investment of Rs 25,000 crore. This plan is based on the projected ... More

Indian Hotels arm Roots Corp plans IPO — To expand in mini metros
ROOTS Corporation, a subsidiary of Indian Hotels Company Ltd, is likely to go for an initial public offering (IPO), as the chain of budget hotel grows, Mr R.K. Krishna Kumar, Chairman, Indian Hotels Company, said. Though he did not specify any ... More

RINL chalks out expansion plan for Vizag Steel
IN a three-phase expansion plan that extends to 2018, Rashtriya Ispat Nigam Ltd (RINL) has chalked out an investment requirement of Rs 18,000 crore to raise steel production to 10 million tonnes in the Vishakapatnam Steel Plant (VSP). The first ... More

REGULATORY BODIES & RULINGS
ICSI suggests measures for smooth exit of defunct cos
THE Institute of Company Secretaries of India (ICSI), while suggesting measures to make the exit for defunct companies easier, has said that a company should be required to attach only its latest balance sheet and not those of the previous years ... More

ALLIANCES & JOINT VENTURES
SAR Silicon ties up with US co to make auto batteries
SAR Silicon Systems has entered into a technical tie-up with the $685-million EaglePicher, a US-based manufacturer of battery systems, to manufacture automotive and valve regulated lead acid batteries in India. SAR, which also manufactures ... More

Elgi ties up with German co to supply compressors to Indian Navy
COMPRESSOR manufacturing major Elgi Equipments has entered into a collaborative venture with J.P. Sauer & Sohn of Germany for supply of the modern compressors to the Indian Navy. Dr Jay Varadaraj, Managing Director of the city-based Elgi ... More

Colour television biz — BPL closing deal with Sanyo
BPL Ltd, the domestic consumer durables player managed by the T.P.G. Nambiar family, is finally closing the much talked about equity infusion from Japan's Sanyo Electric Company. BPL will transfer its mainstay colour television business into a ... More

OUTLOOK
Jindal Stainless bets big on steel furniture
JINDAL Stainless Ltd has been in the forefront of introducing the non-corrosive, long-lasting, maintenance-free metal for street furniture including bus stops, benches, tree guards, divider grills, lighting and trash bins. And now, its efforts ... More


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