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Tuesday, January 04, 2005

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ONGC to finalise Dahej investment in 6 months
ONGC will finalise its investment plans for the Dahej petrochemical project in the next 3-6 months. The company is currently in the process of identifying the project management consultant for its proposed Rs 900-crore methane and propane ... More

RIL cuts petrochem product prices
RELIANCE Industries Ltd on Monday cut prices of its petrochemical products for January. The cut is in line with falling international prices of crude oil over the last few weeks. The per kg price pf partially oriented yarn has been slashed by ... More

CORPORATE DISPUTES


Anil Ambani resigns from IPCL board
MR Anil Ambani today resigned as Vice-Chairman and Director from Indian Petrochemicals Corporation Ltd (IPCL) board, the company today informed stock exchanges. No reasons were given. Mr Anil's resignation, addressed to elder brother and IPCL ... More

RESTRUCTURING


Bosch relocates manufacture of key products to MICO plants here
AUTO parts maker Robert Bosch of Germany has relocated manufacture of certain key products from some of its locations in Europe to MICO, India as part of its strategy to reduce costs. A spokesperson for MICO told Business Line that ... More

MERGERS & ACQUISITIONS


GMO picks up stake in IVRCL
HYDERABAD: GMO Emerging Markets Fund (GMOEMF) has informed the bourses on Monday that Grantham account's GMOEMF and two separate accounts managed by GMO have acquired 11,28,450 shares aggregating 6.65 per cent of the total share capital of ... More

ALLIANCES & JOINT VENTURES


Apollo Tyres in pact with Triveni group co for farm tyres retailing
APOLLO Tyres Ltd has entered into a distribution tie-up with Triveni Khushali Bazaar - specialised farm goods supermarkets being promoted by Triveni Engineering & Industries Ltd - for retailing its farm tyres. A chain of Triveni Khushali .. More

ECIL ties up with US co for inspection systems
ELECTRONICS Corporation of India Ltd (ECIL) has entered into a memorandum of understanding (MoU) with OSI Systems Inc of the US for transfer of technology pertaining to electronic cargo inspection systems (ECIS). ECIL and the US-based company ... More

OUTLOOK


UTV to focus on film production
HAVING tested new arenas in film production and distribution, UTV plans to scale up its activities in both these spheres during 2005. Film production and distribution - both domestic and foreign - will be the focus areas for UTV, says Mr ... More

Venus plans to export water heaters to S-E Asian markets
VENUS Home Appliances is planning to export water heaters to South-East Asian countries such as Malaysia and Singapore this year. Speaking to Business Line, Mr I. Ramkumar, Director (Sales), said that the company recently obtained ... More

Elder to tap lifestyle diseases market
THE Rs 275-crore Elder Pharmaceuticals Ltd has set up `El Life', a division dedicated to tap the about Rs 2,800 crore lifestyle diseases market. This segment has a share of about 14.7 per cent of the total pharma market, next to only the ... More

PERFORMANCE


Maruti sales up 18% in Dec
MARUTI Udyog Ltd has reported an 18 per cent rise in vehicle sales in December, helped by a sharp increase in exports and a firm domestic demand. The company sold 43,828 vehicles last month, up from 37,091 units in December 2003. While ... More

GM sales rise 73% in 2004
GENERAL Motors has posted a 73 per cent increase in sales during 2004 to 26,166 units compared with the same period last year. A press statement from General Motors (GM) said the company expects to post sales of 38,000 units during 2005, a ... More

Tecumseh compressor exports double
NEW DELHI: Tecumseh Products India Ltd on Monday said it has more than doubled exports of its air-conditioning range of compressors to Rs 200 crore during the last calendar year, compared to Rs 80 crore in 2003. The company, which is ... More

PEOPLE


M. Fakruddin is HAL Director-Mktg
BANGALORE: Mr M. Fakruddin has been appointed Director (Corporate Planning & Marketing) of Hindustan Aeronautics Ltd (HAL) with effect from January 1. He takes over from Mr D.C. Das, who has superannuated. A mechanical engineering ... More
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Top Stories
`Product patent regime to drive R&D outsourcing to India'


ECIL ties up with US co for inspection systems

GM sales rise 73% in 2004

RBI may hike investment fluctuation reserve

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Rs 8,000-cr plan for rural phones

In Focus

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Sethusamudram Canal Project
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In Depth

Gender Justice
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Tax Talk
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Looking back
Dec. 26-Jan. 1
`More corporates turn to e-learning'

Brothers' tussle stifles Reliance group stocks

GAIL to pick up 33% stake in IOC's LNG terminal

Buyback price — A hint by Reliance to show that its shares are undervalued


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