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Saturday, January 29, 2005

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ACCIDENTS


Fire at Sirpur Paper Mills
HYDERABAD: Sirpur Paper Mills Ltd suffered a fire accident at its paper machine-2 on Monday. The company informed the stock exchanges that the incident lead to the machine's break down and consequent loss of production of 30 tonnes of ... More

ANNOUNCEMENTS


Novartis to sell TB bulk drug biz to Sandoz
IT has been ailing for some time now, but drug major Novartis India Ltd has made it official that it intends to sell its anti-tuberculosis bulk drug Rifampicin's business together with its Mahad facility. Following the company's board meeting ... More

Apollo Tyres not to hike prices this quarter
THE challenging times on the raw material prices front notwithstanding, the Rs 2,300-crore Apollo Tyres has no intentions to go in for a price hike in its finished products during the current quarter. "I am not looking at this quarter for price ... More

No move to cut prices: Volvo MD
THE newly appointed Volvo India Managing Director, Mr Eric Leblanc, has ruled out a change in the company's pricing strategy to push up volumes. "We won't be dropping prices for the volumes to grow," Mr Leblanc told Business Line. Mr ... More

Sundar Chemicals set to launch sugar substitute
SUNDAR Chemicals Pvt Ltd, a Rs 12-crore company based in Chennai, is set to launch a natural sugar substitute. The product, named `Dezire' contains `Levulose', a natural sweetener present in some fruits. According to Mr K. Ramu, Chairman and ... More

L&T bags Rs 61-cr project in Qatar
LARSEN & Toubro has secured a $14-million (Rs 61 crore) order for a power plant project in Qatar. The contract is for the construction of civil works of a 750-MW combined cycle power plant in Qatar, said a news release from the ... More

MERGERS & ACQUISITIONS


P&G may gain strength in marketshare war here
THE Procter & Gamble -Gillette deal could result in the former getting a significant boost both to its scale of operations and range of products in the Indian market. . This may strengthen P&G's hand in the ongoing war for market share with More

`It is too early to predict impact'
THE global acquisition of The Gillette Company by Procter & Gamble, announced today, is expected to create the largest consumer goods company worldwide, but implications of this deal for Gillette in India were not clear. At present, Gillette ... More

NEW PROJECTS


Chitrakoot setting up steel plant near Chennai
A NEWLY formed company called Chitrakoot Steel and Power Pvt Ltd is setting up a Rs 45-crore sponge iron-cum-steel project in Gummidipoondi industrial estate, near Chennai. Work on the project is expected to start in March. Mr G. Gautam Reddy, ... More

ALLIANCES & JOINT VENTURES


Govt invites Aramco, NIOC for alliance with HPCL, BPCL
THE Government has invited Saudi Aramco and National Iranian Oil Company (NIOC) to forge strategic alliances with either HPCL or BPCL through acquisition of 10 per cent to 15 per cent stake in these refineries from the secondary market in a bid ... More

SICK UNITS


Core Healthcare proceedings before BIFR stand abated
FOLLOWING the Asset Reconstruction Company (India) Ltd (ARCIL) intimation of taking over the assets of the Ahmedabad-based Core Healthcare Ltd (CHL), the Board for Industrial and Financial Reconstruction (BIFR) has abated the company's pending ... More

PERFORMANCE


STC turnover up 29% in April-Dec
STATE Trading Corporation's turnover during the first three quarters of the current fiscal amounted to Rs 6,900 crore , registering a growth of 29 per cent over the corresponding period of 2003. According to a company statement issued here, the ... More
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Top Stories
BPOs move to smaller towns to cut attrition rates


Novartis to sell TB bulk drug biz to Sandoz

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Cardamom slips further on poor buying support

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Grasim net up 32.6 pc

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In Focus

BHEL Disinvestment
The Yuan Revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Jan. 16-Jan. 22
Cairn Energy to invest $200 m in developing new oil finds

Balrampur Chini plans Rs 200-cr expansion

Saudi Aramco may partner IOC to build crude reserves

ONGC to bid for refinery project in Equador

SWC liquor biz sale in limbo?

A380 may open new biz opportunities for HAL

SEBI mulls altering takeover code

Agrochem industry answers Jammu call


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