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Wednesday, March 16, 2005

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Madhucon bags Kalwakurti project
MADHUCON Projects Ltd informed the stock exchanges on Tuesday that the company has been awarded the Kalwakurti Lift Irrigation Project work, worth Rs 546.3 crore, by the Government of Andhra Pradesh. The work, to be executed on a turnkey ... More

Janssen Pharma plans more tie-ups in India
JANSSEN Pharmaceutica of Belgium is planning to increase its presence in India by forging alliances for marketing as well as manufacturing of pharmaceutical products. Speaking to newspersons, Dr Ajit Shetty, Chairman and Managing Director, ... More

CORPORATE DISPUTES


Firodias to stay invested in Bajaj Auto
THOUGH there is a tussle between Bajaj Auto Ltd and the Firodia-run Bajaj Tempo Ltd over the name change of Bajaj Tempo, Mr Abhay Firodia of Bajaj Tempo has decided to stay invested in Bajaj Auto Ltd. The Firodias hold about 10 per cent in Bajaj ... More

PETROLEUM


GAIL signs MoU with Bangladesh's COSMOS
GAIL (India) Ltd has signed a memorandum of understanding (MoU) with COSMOS, Bangladesh for joint cooperation in the areas of NGL fractionation, gas processing and LPG projects in Bangladesh. COSMOS is engaged in the areas such as oil and gas ... More

RESTRUCTURING


Willard to hive off sugar, jute units
THE KK Bajoria-owned Delhi-based Willard India Ltd is transferring its sugar and jute businesses to two separate companies and is itself becoming the holding company. According to the proposal cleared by the company's board of directors on ... More

INTERVIEW


`Our tie-up with Renault could be extended beyond Logan'
MAHINDRA & Mahindra Ltd (M&M) recently announced a 51:49 joint venture (JV) with Renault to make the latter's Logan car in India. For M&M, it is a return to car manufacturing after weaning off the erstwhile Mahindra-Ford joint venture to More

PUBLIC OFFER


IVRCL public issue from March 18
IVRCL Infrastructure and Projects Ltd is entering the capital market with a public issue of face value Rs 10 to raise Rs 126 crore, with a green shoe option of 18.9 crore. The issue opens on March 18 and closes on March 23. The number of shares ... More

PERFORMANCE


Neelachal Ispat set to post Rs 200-cr net
NEELACHAL Ispat Nigam Ltd, the MMTC-Orissa Government joint venture, is set to register a net profit of more than Rs 200 crore in the first year of operation in 2004-05. The company, in which MMTC holds a majority stake, is currently making ... More

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    In Depth

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    Looking back
    Mar. 6-Mar. 12
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    Making MTNL a subsidiary of BSNL is best option: ICICI Sec


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