The Hindu Business Line : Friday, February 11, 2005

Vedanta plans Rs 7,000-cr aluminium smelter in Orissa
VEDANTA Resources Ltd, the London-based holding company of Sterlite group, on Thursday announced plans to invest Rs 7,000 crore in India to set up a five-lakh-tonne-per-annum greenfield aluminium smelter in Orissa. The project also includes a ... More

Banga joins Unilever Executive; elevated as President - Foods
MR M.S. Banga, non-executive Chairman of Hindustan Lever Ltd and Business Group President of Unilever's Asian Home & Personal Care (HPC), has been elevated to Unilever's new apex management committee, the Unilever Executive. He will now be ... More

3-dimensional changes
THE announcements of the changes at the top of Unilever have at least three dimensions. The first of them is organisational: It is certainly being streamlined and made more of `one company', and not a double-headed Anglo Dutch company. The ... More

Scheme closure: Court tells UTI to despatch final cheques
THE Bombay High Court has directed UTI Mutual Fund to continue with the process of winding up the UTI Growth and Value Fund - Bonus Plan, but with the option of allowing investors to wait till the court makes a final decision on the case. In ... More

Foreign banking entities eye Lakshmi Vilas Bank stake
FOREIGN banking institutions looking for an enhanced presence in the country have zeroed in on the private sector Lakshmi Vilas Bank Ltd (LVB). Banking sources said that among the institutions that have already completed a due diligence of LVB ... More

LogicaCMG to hire over 1,000 in India
LOGICACMG, the global IT services company, has announced it would recruit over 1,000 staff in India in 2005. LogicaCMG already has 1,200 professionals and it expects the growth to continue at 100 per cent in staff additions for at least two ... More

Govt promises amendment — Freeze on psychotropic drug sale put off till February 25
The meetings come just in time, as medicine shortages were beginning to be reported from different parts of the country. More

Budget unlikely to alter steel duty structure
THE Government is unlikely to respond to demands made by big steel producers to raise the import duty of seconds and defective steel products. Government sources said any more changes in the import and export duty structure of steel products in ... More

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