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Thursday, December 02, 2004

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ANNOUNCEMENTS
Australian co wins ONGC contract for `digital oil field'
THE Oil and Natural Gas Corporation has awarded a $215.35-million contract to Australian company Clough Engineering for developing G1-GS15 fields in the Krishna-Godavari offshore for producing 1 million tonne of low-sulphur crude oil and 6 ... More

DaimlerChrysler gets parent nod to launch heavy duty trucks
DAIMLERChrysler has received approval from its parent company's commercial vehicle unit in Germany for launching heavy duty trucks, Actros, in India. "The good news is that we have finally received approval from our commercial vehicle unit in ... More

ONGC to invite tenders for power grid network
ONGC will invite tenders for forming a power grid network covering its off-shore and on-shore rigs shortly. The rigs put together produce roughly 800-900 MW of captive gas-based power. While the grid network will help the company optimise its ... More

Reliance cuts product prices
MUMBAI: Reliance Industries Ltd on Wednesday cut prices of six of its nine petrochemicals products, for the month of December. Price of naphtha, used for making these petrochemical products, has fallen in the last few days, prompting ... More

Colgate second interim 40%
MUMBAI: The board of Colgate Palmolive (India) Ltd has recommended a second interim dividend of 40 per cent or Rs 4 per share for the financial year ending March 31, 2005. The interim dividend will be paid on the paid-up equity share ... More

KEC bags Rs 295-cr orders
MUMBAI: KEC International Ltd, a major player in the power transmission, engineering and construction business, has bagged new orders worth Rs 295 crore both in the international and domestic markets. In the international market, KEC has ... More

  • Hind Latex pays dividend

    CORPORATE DISPUTES
    Authenticity of Priyamvada's 1982 will questioned
    THE hearing in the discharge of caveat case filed by the four Birlas in the will of Priyamvada Devi Birla, came up for hearing before Mr Justice Kalyan Jyoti Sengupta of the Calcutta High Court on Wednesday. Resuming arguments, Mr Anindya ... More

    Reliance row: Will shareholder interests be the first casualty?
    IS the conflict between the Ambani brothers beginning to spill over into the business domain of the group companies affecting the larger shareholder interests? It does appear so at least in the case of Reliance Energy if the developments at ... More

    HUMAN RESOURCES
    Record overseas job offers at IIM-B
    THE Class of 2006 at the Indian Institute of Management, Bangalore, has created history of sorts with 43 students out of 163 getting overseas offers for summer placements. According to a release by the institute, this is the highest across all ... More

    New initiative to groom graduates for industry needs
    THANKS to the new industry-Government-university alliance in Andhra Pradesh, companies can now stop worrying about poor quality of output from colleges eating into their time and investment. Thanks also to the liaison, they need no longer ... More

    MERGERS & ACQUISITIONS
    REL to bid for UP's five distribution cos
    RELIANCE Energy Ltd will bid for five electricity distribution companies in Uttar Pradesh up for sale through a Government-initiated international bidding process. This decision was taken by the REL board, which met on Tuesday to consider the ... More

    Cabinet clears Konark Met merger with Neelachal
    THE Union Cabinet on Wednesday approved the merger of Konark Met Coke Ltd (KMCL) with Neelachal Ispat Nigam Ltd (NINL), the two joint venture projects promoted by public sector MMTC. The merger will result in savings of about Rs 91 crore per ... More

    Vangal leads group to bid for Shaw Wallace liquor business
    THE founder Chairman of Scandant Group, Mr Ramesh Vangal, who rekindled his liquor business interests recently, is leading a consortium of investors to bid for Shaw Wallace & Co's liquor business, which is on the block. A successful bid could .. More

    NEW PROJECTS
    Time Travels sets up call centre, to expand water biz
    TIME Travels and Tours Ltd, part of the Chennai-based Time group with diversified interests, has set up a call centre to cater to its customers. It also announced plans to offer international tour packages and expand its packaged water ... More

    REGULATORY BODIES & RULINGS
    CLB chairman, member term extended
    THE period of uncertainty over the fate of the Company Law Board (CLB) seems to have ended with the Government extending the terms of its Chairman and a member for a period of six months. The board, which has been functioning as an independent ... More

    ALLIANCES & JOINT VENTURES
    Carlco's CTP Gills, Suprajit Engg form venture for auto cables
    IN a move that will see the CTP Gills Cables reduce its manufacturing activity and retain itself as an engineering and technical development centre over a period, the UK-based company has entered into a joint venture with Suprajit Engineering, an ... More

    OUTLOOK
    Biocon looks to move out of generics in long term
    BIOCON'S long-term aim is to move out of making copycat drugs to discovering new drugs, the first of which is in the midst of clinical trials. Ms Kiran Mazumdar-Shaw, Biocon's Chairman and Managing Director, said the first proprietary drug (an ... More

    PERFORMANCE
    Maruti sales rise 7.8 pc in November
    MARUTI Udyog Ltd, India's largest car manufacturer, on Wednesday, reported a 7.8 per cent jump in sales in November even though its flagship model Maruti 800 car saw a sharp decline. Maruti sold 42,842 units in November 2004 as opposed to ... More

    Bajaj Auto sales up 35% in Nov
    BAJAJ Auto Ltd said that it has had a record sale of two- and three-wheelers during November at 1,82,360 units, a 35.7 per cent increase from last November's sales of 1,34,363 vehicles. Motorcycle sales also touched a record high of 1,66,626 ... More

    Hero Honda sales rise 15 pc
    Hero Honda has registered a 15 per cent increase in sales of its motorcycles in November 2004 to 2,35,836 units compared with 2,04,533 motorcycles sold during the same month last year. According to a company statement, capacity constraints ... More

    TVS bike sales up 35 pc
    TVS Motor Company sold 65,066 motorcycles in November compared with 48,052 units in the same period last year - a growth of 35 per cent. Buoyed by good demand for motorcycles the total two-wheeler sales clocked 1,07,830 units, recording a ... More


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  • Top Stories
    Reliance row: Will shareholder interests be the first casualty?


    Maruti sales rise 7.8 pc in November

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    BSE, NSE undertake T-group changes in surveillance move

    Reliance plans IT solutions centre at Kolkata

    Share of Indian ships in overseas trade is 15 pc

    Premiums data: IRDA to change reporting format

    Par-boiled rice exports to Africa on the rise


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