The Hindu Business Line : Sunday, April 10, 2005

Ispat, UTI Asset Mgmt arrive at loan settlement
ISPAT Industries Ltd has informed the BSE that it has arrived at a settlement with UTI Asset Management Company Ltd on its outstanding loan of Rs 584.54 crore. The terms of the settlement, approved by Ispat's board, entails paying the entire ... More

BHEL unit bags Rs 90-cr order
HYDERABAD: THE Corporate R&D of BHEL here has bagged its largest-ever commercial order of Rs 90.58 crore for the supply of automated storage and retrieval system (ASRS) against stiff national and international competition. The order ... More

Nestle board to decide on interim
NEW DELHI: Nestle India's board of directors is slated to meet on April 19 to consider declaration of interim dividend for the year 2005, if any.In a notice to the Bombay Stock Exchange, the company said that any interim dividend declared ... More

ESOPS

ESOPs in a company that's been taken over
I WORK for a software company whose shares are not quoted. I was allotted 5,000 shares of the company under an Employees Stock Option Plan (ESOP). The company could not go for a public issue as originally planned. I was ... More

COURTS/LEGAL ISSUES

Assocham for speedy disposal of pending corporate cases
THE Associated Chambers of Commerce and Industry of India (Assocham) has expressed concern over the piling up of 50,000 corporate cases, pending in various courts of laws, against which action has been initiated on technical grounds for ... More

CREDIT RATING

ICRA revises rating definitions
ICRA Ltd has decided to simplify and revise its rating definitions. The main objective behind the change is to enhance the user's appreciation of ICRA's ratings. The revised definitions do not seek to impart new meaning to the ratings, but are ... More

NEW PROJECTS

Sirpur Paper plans Rs 294-cr expansion
SIRPUR Paper Mills Ltd, an integrated pulp and paper manufacturing company, has embarked upon a Rs 294-crore expansion and modernisation programme. Mr Devashish Poddar, Executive Director, said after the expansion the company's installed ... More

ALLIANCES & JOINT VENTURES

Indian pharma cos look to Chinese booster
THE pill that you pop may just have a Chinese connection. So, during the Chinese Premier, Mr Wen Jiabao's state visit to India, the domestic pharmaceuticals sector is hoping to get a booster dose by forging new alliances with Chinese pharma ... More

Kanoria Chemicals to sell surplus power to PTC
KANORIA Chemicals & Industries Ltd has signed a power purchase agreement with Power Trading Corporation (PTC) to sell 10 MW surplus power to PTC from the company's captive thermal power plant located at its integrated chlor-alkali manufacturing . More

Godrej, Canadian co tie up for ready-to-fit doors
GODREJ SED (security equipment division), part of Godrej & Boyce Manufacturing Co Ltd, has entered into a tie-up with Masonite International Corporation of Canada to market a range of ready-to-fit doors branded Godrej Entranza. Mr Roy Manion, ... More

INTERVIEW

`Our focus is on increasing visibility of Duckback brand'
SET up in 1920, Bengal Waterproof Ltd (BWL) has the distinction of being India's first waterproof products company. Better known for its "Duckback" brand, the company is a leader in the domestic market for protective wear and rubberised consumer ... More

OUTLOOK

Coal India sets production target of 343 mt for '05-06
A senior CIL source said the company was confident of crossing the higher target as it did during the fiscal ended March 2005. More

Ahill to widen garment range, enter Lanka
The company plans to set up a textile mills for manufacturing cotton yarn. More

SPL Industries plans IPO
SPL Industries, formerly Shivalik Prints Private Ltd, plans to enter the capital market with a public issue of 90 lakh equity shares of Rs 10 each for cash at a premium through 100 per cent book-building route. According to a press release, ... More

'Rover crisis unlikely to affect Tata Motors'
TATA Motors on Saturday said that it did not expect any significant impact to its business from the emergent crisis at MG Rover. On Thursday, MG Rover — which has a contract with Tata Motors to source City Rover cars for the British ... More

PERFORMANCE

Buoyant ore prices prop up NMDC profit
NATIONAL Mineral Development Corporation Ltd (NMDC) has recorded improved results for the financial year 2004-05 riding on buoyancy in iron ore prices. It plans to invest Rs 1,000 crore in various expansion projects across the country and has ... More

NFCL Kakinada plant posts record urea output
INDICATING a likely turnaround in its financial performance, Nagarjuna Fertilisers and Chemicals Ltd (NFCL) has achieved several records in its performance during the fiscal ended March 31, the prominent one being the record production of urea at ... More

Rajesh Exports bags Rs 126-cr Kuwait order
RAJESH Exports Ltd has received an export order for Rs 126 crore from Lazorde Jewellery, Kuwait, for the export of 22-carat designer jewellery. As per the terms of the contract, the order has to be executed over a period of four months. The ... More

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Trade policy: EOUs hope for I-T relief

Forex reserves rise by $297 m

Coal India sets production target of 343 mt for '05-06

In Focus

BHEL Disinvestment

China's revaluation

Dabhol power regenerated

Tracking the rains

Sethusamudram Canal Project