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Friday, March 18, 2005

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ANNOUNCEMENTS


Astra Microwave bags Defence order
ASTRA Microwave Products Ltd has informed BSE that the company has received a purchase order worth Rs 27.37 crore from Defence PSU for supply of RF (radio frequency) front end, antenna and other components for a Defence ... More

Jindal Vijaynagar Steel to hike capacity to 10 mt
JINDAL Vijaynagar Steel Ltd (JVSL) has plans to increase its capacity to 10 million tonnes by the year 2010. Currently the company has reached a capacity of 2.5 million tonnes. Stating this here on Thursday, Mr Srinivas Batni, Chief General ... More

Saw Pipes changes name to Jindal Saw
According to a release, the objective of the name change is to align the pipe manufacturing company with the entire group and to "consolidate a diverse product portfolio under a corporate brand". The company, which began as a single product ... More

CORPORATE DISPUTES


Complete settlement package in two months, CLB tells Bajaj family
TO put an end to the never-ending story of the proposed split between the scions of the Bajaj Group, the Company Law Board (CLB) on Thursday asked Mr Rahul Bajaj, Mr Shishir Bajaj and others to try to complete and give effect to a settlement ... More

CREDIT RATING


Moody's may upgrade RIL rating
MOODY'S Investors Service has placed on review for possible upgrade the Ba2 ratings of Reliance Industries Ltd (RIL). The international rating agency said that the rating action has been prompted by RIL's improving operational fundamentals, ... More

MERGERS & ACQUISITIONS


Glenmark acquires hormonal brand in Brazil for $4.6 m
THE Brazilian subsidiary of the Indian drug company Glenmark Pharmaceuticals Ltd, has acquired the hormonal brand, Uno-Ciclo, from Instituto Biochimico Indústria Farmacêutica Ltda for $4.6 million (about Rs 20 crore). The brand generated sales ... More

Tata Motors signs pact with Spanish bus firm Hispano Carrocera for 21 pc stake
MR Ravi Kant, Executive Director, Tata Motors, has been appointed Chairman, Hispano Carrocera SA, following the formal agreement on Tata Motors' acquisition of a 21 per cent equity stake in the Spanish bus company. Mr Gerardo Mugica, CEO, ... More

ALLIANCES & JOINT VENTURES


Abbott, Novo Nordisk renew pact for insulin
ABBOTT India Ltd has entered into a fresh distribution agreement with Novo Nordisk India Pvt Ltd for the sale and distribution of their insulin products in India for the period January 1, 2005 to December 31, 2006. The earlier distribution ... More

PERFORMANCE


Reliance refining margins rise as light, heavy crude prices diverge
THE price variation between `heavy' and `light' crude which continues in the $8-$10 range in the international market - with the former being the cheaper variety — has helped Reliance Industries Ltd secure, in the current year, better ... More

PEOPLE


Lodha elected to Birla Corp board
EVERYTHING is official now about Mr R.S. Lodha being on the board of Birla Corporation Ltd, the flagship company of the MP Birla Group. The Company Law Board (CLB) on Thursday declared Mr R.S. Lodha, Mr Prachepa Majumdar and Mr Vikram Swarup as ... More
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Top Stories
Lodha elected to Birla Corp board


PTC to offer coal intermediation services

Insurance hits high tide in March

Reliance refining margins rise as light, heavy crude prices diverge

Truck, bus tyre production up year-on-year in Jan

IT's good bet for realtors across cities

Budget: Illusory gains for pensioners

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
Mar. 6-Mar. 12
SC okays out-of-court settlement — Mallya to acquire Kishore Chhabria's stake in Herbertsons for Rs 131 cr

Tata Motors aims for billion-dollar biz from chassis, bus body building

Sundaram-Clayton sets up unit to develop software for WABCO

Glenmark Laboratories merges operations with Tasc Pharma

Making MTNL a subsidiary of BSNL is best option: ICICI Sec


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