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Sunday, September 26, 2004

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ANNOUNCEMENTS
GMDC renegotiates loan for power project
STATE-OWNED Gujarat Mineral Development Corporation (GMDC) has renegotiated a term loan of Rs 1,116 crore taken four years ago and has brought down the rate of interest from 12 per cent to 7 per cent. "The term loan was taken in the year ... More

FACT signs pact with GAIL for LNG supply
Fertilisers and Chemicals Travancore Ltd (FACT) has signed a `heads of agreement' with Gail (India) Ltd for supply of LNG from the proposed terminal at Kochi for FACT's fertiliser and petrochemical units. LNG is expected to be available ... More

  • SaharaOne launched

    PRIVATE PLACEMENT
    Shareholders of Oil Country okay equity offer to IDBI
    OIL Country Tubular Ltd has informed the stock exchanges that its shareholders at the annual general meeting held here on Friday have authorised the board of directors to offer, issue and allot up to 50-lakh equity shares of Rs 10 each to ... More

    AWARDS & HONOURS

  • Bharat Electronics CMD gets award
  • TNS India bags awards

    NEW PROJECTS
    Eastern Silk takes the route to China
    Eastern Silk Industries Ltd (ESIL), a leading manufacturer and exporter of silk goods, has completed all formalities to set up a joint venture silk yarn spinning unit at Quanshi province in Central China, entailing an investment of over $5 ... More

    TRADE & LABOUR UNIONS
    No solution in sight to Ashok Leyland unit's strike
    ONE full month after workers at Ashok Leyland's Hosur-I unit struck work, there is no solution in sight. Hosur-I produces 175 engines and 36 trucks/buses a day. The company produces vehicles in other units too, such as Ennore and Alwar, but ... More

    ALLIANCES & JOINT VENTURES
    Strides Arcolab forms jt venture with Akorn
    STRIDES Arcolab Ltd and US pharma company Akorn Inc have announced that they have formalised the creation of a 50:50 joint venture that will be Strides' plank to enter the US hospital supplies segment. The two companies signed an MoU towards ... More

    SOCIETY & DEVELOPMENT
    `Corporate social responsibility, the very purpose of business'
    CORPORATES have a responsibility to pay back to society in which they exist and flourish. Corporate social responsibility (CSR) is no more an option but an imperative for sustainable businesses, opined speakers at a summit on CSR titled, ... More

    OUTLOOK
    Kinetic Engg eyeing Rs 40-cr export orders
    KINETIC Engineering Ltd is looking at an export order to the tune of Rs 40 crore for the next fiscal. The Joint Managing Director, Ms Sulajja Firodia Motwani, told Business Line after the annual general meeting that the company has so ... More

    PERFORMANCE
    Cochin Shipyard to pay 7 pc
    COCHIN Shipyard Ltd, for the first time, has declared a dividend of seven per cent on the paid-up preference share capital amounting to Rs 8.34 crore. The resolution for declaring dividend was adopted at the 32nd annual general meeting held at ... More


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    Reliance prepaid plan evokes good response — 25 pc subscribers shift from post-paid package


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    Looking back
    Sep. 19-Sep. 25
    Tata Motors registers higher sales in South


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