The Hindu Business Line : Tuesday, February 01, 2005

Govt issues Ordinance to negate excise relief to ITC
IN what would come as a major blow to ITC Ltd, the Government has adopted the retrospective legislation route to negate the Rs 803-crore excise relief that was granted to the company by the Supreme Court in September last year. A Presidential ... More

MANPOWER

Only 2,000 opt for VRS in MTNL
MAHANAGAR Telephone Nigam Ltd's latest voluntary retirement scheme, which closed today, has somewhat come a cropper with only around 2,000 employees, out of its total staff of around 58,000, applying for it. "Around 1,200 employees in Mumbai, ... More

MERGERS & ACQUISITIONS

UB in talks to buy Balaji's brewery unit
UNITED Breweries Ltd, the country's largest brewer, said it is in talks to acquire the brewery division of the Chennai-based Balaji Distilleries Ltd. The division consists of a brewery with installed capacity of half-a-million hectolitre, ... More

Amtek India mulls buying UK-based auto components co
AMTEK India Ltd on Monday said that it is considering a plan to buy the UK-based Sigma Cast Group Ltd, which makes turbo chargers for automobiles. The company's board will meet on February 7 to consider the plan, the New Delhi-based Amtek ... More

Non-promoter co acquires 15% in Duncans Ind
A NON-PROMOTER private company called Antriksh Vyapaar Pvt Ltd has acquired 15 per cent stake in the GP Goenka-controlled Duncans Industries Ltd, the flagship of the Duncans-Goenka group. The mode of acquisition is by way of invocation of ... More

Mudra acquires Kidstuff marketing services co
MUDRA Communications Pvt Ltd today acquired the Delhi-based Kidstuff Promos and Events company (KPE) in a bid to reposition itself as an integrated marketing communications agency. KSE is a promotional marketing services company with expertise ... More

Poddar to make more investments in Gillette India — No plans to exit
PROCLAIMING that he has no plans to exit Gillette India Ltd (GIL) pursuant to the global acquisition by Procter & Gamble (P&G), the Chairman, Mr Saroj K. Poddar, on Monday said that he instead plans to make "significant" investments in the .. More

NEW PROJECTS

Ramco Ind to set up cement unit in Kharagpur
RAMCO Industries Ltd plans to set up a 600-tonne-a-day cement clinker grinding unit at Kharagpur in West Bengal at a cost of about Rs 15 crore. The company hopes to commission the plant by June. According to company officials, about 200 tonnes ... More

SECURITY

Breach of data protection norms may be liable under Official Secrets Act
STRINGENT punishment could await persons breaching the proposed new data protection norms. A committee chaired by the Chemicals and Fertilisers Ministry has suggested that any person violating the breach of confidence by making public undisclosed ... More

BONUS ANNOUNCEMENTS

Geojit to issue 1:1 bonus shares
THE board of Geojit, which met here on Sunday, decided to issue bonus shares at the ratio of 1:1 subject to the necessary approvals. The company had earlier issued 1:1 bonus shares in 2000, a press release issued here has said. Geojit has ... More

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Top Stories
Thermax Q3 net rises 31 pc

Non-promoter co acquires 15% in Duncans Ind

Guinness UDV sets `million-case' target for Smirnoff vodka

UB in talks to buy Balaji's brewery unit

Govt divestment plans a positive step, say marketmen

Only 2,000 opt for VRS in MTNL

Airfreight sops for cardamom exports extended

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BHEL Disinvestment