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Friday, January 21, 2005

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Swiss co Holcim cements deal with Ambuja for ACC
THE story of the giants in the Indian cement sector being impregnable to foreign invaders is now truly over, with the second largest cement manufacturer in the world, the Swiss company Holcim, on the threshold of control of the oldest and ... More

Gujarat Ambuja cuts a smart deal
GUJARAT Ambuja Cements has cut a deal that ensures a handsome payoff for its shareholders for its decision to buy a strategic stake in ACC five years ago even as Holcim of Switzerland acquires a major presence in the cement industry in India. ... More

Anil stays away from IPCL meet; resignation kept in abeyance
THE Indian Petrochemicals Corporation Ltd board today decided to keep in abeyance the resignation of Mr Anil Ambani as Vice-Chairman and Director of the company. Mr Anil Ambani chose to stay away from the board meeting that was called to ... More

Tata Steel Q3 PAT doubles to Rs 890.5 cr
HIGHER sales, better realisations, improved margins and richer product mix helped Tata Steel to turn in a 99 per cent increase in its profit after tax at Rs 890.51 crore for the third quarter of 2004-05 compared with Rs 447.17 crore in the ... More

Steel sector too may get sops given to infrastructure projects
THERE may be some good news for companies planning to set up new steel capacities. Fiscal incentives such as tax holidays, easier norms for external commercial borrowings, and facilities to develop ports and berths are likely to be made ... More

SC allows amendment to Competition Act
THE Supreme Court on Thursday allowed the Centre to bring in amendment to the Competition Commission Act as suggested by the court that the Chairperson of the CCI would be an expert and not a judge and only the Chief of an appellate tribunal ... More

Inflation drops on fall in food article prices
THE annual wholesale price index-based inflation fell to a 31-week low of 5.6 per cent for the week ended January 8, from 5.78 per cent recorded during the previous week. The fall recorded in the point-to-point inflation rate was largely on ... More

IPCL net up 133 pc
INDIAN Petrochemicals Corporation Ltd reported a 133 per cent jump in profit for the third quarter ended December 31, 2004. The country's second largest petrochemicals producer's net profit was Rs 189 crore or Rs 7.61 a share compared to Rs 81 ... More

Select large-cap stocks recover after a bad start
THURSDAY turned out to a big day with major corporate developments swamping the market. There was a steady flow of news through out the day, much of which turned out to be positive. Traders grappled with major developments in the form of the ... More

Advertisers queue up to sign Sania Mirza
NOT just tennis fans, but advertisers too have trained their eyes on tennis star Sania Mirza. Even as the young tennis star gears up for a historic third round clash against Serena Williams in the Australian Open on Friday, brands of all hues ... More

Lighting up their homes, not by moon or stars
LESS than half a percentage point of rural households relied on the moon and the stars for lighting up their homes at night, according to the 2001 Census. To be precise, the figure is 0.3 per cent, surprisingly smaller than the corresponding ... More

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