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Saturday, September 18, 2004

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ANNOUNCEMENTS
IVRCL plans fresh issue of equity; to pay Rs 3
IVRCL Infrastructures & Projects Ltd will be issuing fresh shares with an aggregate value of Rs 125-150 crore, including a green shoe option of 15 per cent, by way of public issue through the book building route. The company is likely to come ... More

Dunlop Board restructured
THE board of Dunlop India Ltd (DIL) has been restructured by appointing Mr P. Balakrishnan, Executive Director, as whole-time Director. Mr Balakrishnan replaces Mr T.C. Goel, who has resigned from the board, along with the non-executive ... More

Novartis launches Otrivin-O spray
MUMBAI: Novartis Consumer Health Sector, part of Novartis' operations in India, has introduced Otrivin-O, a nasal decongestant in a direct acting spray format. Otrivin-O will be available over-the-counter (OTC) at chemist stores, a ... More

JK Pharmacem suspends production of Penicillin-G
JK Pharmacem on Friday informed the Bombay Stock Exchange that it had suspended production at its Penicillin-G plant because depressed market conditions made it difficult to sustain operations. The company's plant is located in Cuddalore, ... More

PREFERENTIAL ALLOTMENTS
Balaji Tele gets nod for pref allotment
MUMBAI: Balaji Telefilms Ltd on Friday secured its shareholders approval for the preferential allotment it made to Asian Broadcasting Fz-LLC, an affiliate of Star Group Ltd. Asian Broadcasting had acquired 25.1 per cent in Balaji ... More

AWARDS & HONOURS
Nalco plant bags environment award
BHUBANESWAR: The 960-MW captive power plant of National Aluminium Company Ltd (Nalco), located close to the company's aluminium smelter at Angul, bagged the coveted Indira Gandhi Paryavaran Puraskar for 2000, according to a press release ... More

NEW PROJECTS
Dasturco to prepare concept paper on IISCO expansion
INDIAN Iron & Steel Co Ltd (IISCO), which is being merged into Steel Authority of India Ltd (SAIL), has appointed steel consultant Dasturco to prepare a concept paper on its proposed expansion plan. According to Mr H.M.P. Singh, Managing ... More

ALLIANCES & JOINT VENTURES
Canara Bank ties up with New Holland for tractor finance
NEW Holland Tractors (India), part of CNH Global N.V., has tied-up with Canara Bank to offer attractive finance schemes for its customers. Under the scheme, named Canara Bank-New Holland Tractor Finance Scheme, farmers can avail a flat rate of ... More

Jessop in pact with Singapore co
KOLKATA: Jessop & Company Ltd has entered into a technical collaboration with the Singapore-based Boustead group. The collaboration will help Jessop to offer turnkey solutions in hydrocarbon, power, environmental and process ... More

OUTLOOK
Gammon to focus on overseas projects
FACED with shrinking margins that have hit Indian construction companies in the wake of increasing competition, construction major Gammon India Ltd is now sharpening its focus on overseas orders, as part of its strategy to increase volumes. "We ... More

Sundaram-Clayton exports to touch Rs 100 cr in 2 yrs
FOR the TVS group company Sundaram-Clayton, 2003-04 has proved to be a watershed year in adding customers. The company secured orders from a number of big names in the automotive industry — Visteon, Holset of the US, Tata Holset, Ford India ... More

R.K. Marble bets on Wonder brand to raise market share
"HARD as granite; Beautiful as marble." These words describe `Wonder Marble' from the mines of R.K. Marble Pvt Ltd, according to its Director, Mr Vikas Patni. Wonder Marble, is a type of coloured marble that the company stumbled upon when it ... More


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