CORPORATE
ANNOUNCEMENTS
RIL cuts polymer prices by Rs 2,000 per tonne
RELIANCE Industries Ltd (RIL) has announced a reduction of Rs 2,000 per tonne on prices of all types of polymers. The company said this has been done to help the Government efforts to battle inflation and contain consumer prices. RIL said ...
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Engineers India scraps special dividend of Rs 55
THE proposed special dividend of Rs 55 per share from the public sector Engineers India Ltd (EIL) is off. The previous government had proposed the dividend after it decided to go in for a strategic sale of EIL shares. A company official when ...
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Alloy Steels imports scrap iron due to acute shortage
Alloy Steels Plant was forced to import scrap iron as it was facing a severe crisis of this item in the local market, which is its basic raw material.
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Piaggio Vehicles to launch `quadri-cycle' next year
PIAGGIO Vehicles Pvt Ltd plans to launch its "quadri-cycle" for the cargo market in the second half of 2005. Currently, extensive tests of the vehicle are underway. It has got the design for the quadri-cycle - a four-wheeler goods and ...
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Wartsila launches dual-fuel engines for LNG carriers
WITH the LNG market in India heating up in the wake of a string of proposed LNG terminals, Wartsila India, a subsidiary of the Finnish major Wartsila Corporation, a leading global supplier of ship power equipment and engines, is launching the ...
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Birla Corp embarks upon Rs 280-cr capex programme — To set up 2 captive power units; expand cement capacity
BIRLA Corporation Ltd, the flagship company of the MP Birla Group, has embarked upon a Rs 280-crore capital expenditure programme. According to Mr K.C. Mittal, Managing Director, Birla Corporation, the company is setting up two thermal power ...
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HLL to sell Chennai property
BEL announces 100% dividend
Samtel to supply to Thomson
Mukand in wage settlement
Pritish Nandy's new film
ACCOUNTING STANDARDS
Malegam to head national accounting standards panel
IN a significant move, the Centre has constituted a 12-member National Advisory Committee on Accounting Standards (NACAS) under the chairmanship of Mr Y.H. Malegam, a chartered accountant. Although NACAS had, in the past, been set up for a ...
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ESOPS
Suven Life allots stock options
OUTLOOK
Hindustan Motors set to launch Pajero variants
HINDUSTAN Motors Ltd (HM) is set to launch new models of the Pajero in the sports utility segment within the next three months. The company is hopeful of selling 200 units of the Pajero in 2004-05, up from around 100 in 2003-04. Speaking to ...
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PERFORMANCE
Tata Motors registers higher sales in South
TATA Motors Ltd has registered 29.7 per cent growth in passenger car sales in the first five months this fiscal, with the South contributing about 35 per cent of its overall sales volume across both petrol and diesel variants. The company ...
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