The Hindu Business Line : Sunday, April 24, 2005

IPCL says Anil Ambani ceased to be director on Jan 20
INDIAN Petrochemicals Corporation Ltd (IPCL) on Saturday told the BSE that Mr Anil Ambani ceased to be a director of the company with effect from January 20, 2005. The board of directors of IPCL, which met on January 20, had noted Mr ... More

Jet's Chennai-KL flight launch delayed
THERE is to be a slight delay in Jet Airways starting its daily flight on the Chennai-Kuala Lumpur sector with the airline pushing back the launch to the second half of May from the original schedule of May 5. The airlines' Chief Operating ... More

Gift-wraps manufacture — Flex eyes tie-ups in Poland, US
THE Rs 1,500-crore Flex Group of Industries is keen to expand its fledgling consumer packaging business. Launched in 2003, the consumer packaging unit makes gift-wraps (holographic paper/films and metallised paper/films) and zipouches. Flex ... More

Hyderabad — home for senior citizens from Belgium
IF Indians, particularly the youth are flocking to the cool climes of Europe for both a holiday or jobs in the IT sector, the ageing citizens of some European countries could soon start journeying to India for a cared stay. Firming up plans to ... More

AWARDS & HONOURS

Award for Bharat Forge, Prabha Engineers
BHARAT Forge Ltd and the Chennai-based Prabha Engineers have received `outstanding organisation' and `outstanding small scale unit' awards for quality, from the National Institution for Quality and Reliability, here on Saturday. Vellore ... More

AUDITING

ICAI plans to bring out model VAT audit report
THE Institute of Chartered Accountants of India (ICAI) plans to come out with a model value-added tax audit report for adoption by States that had implemented the tax from April 1. "We are finalising a draft of the model VAT audit report. This ... More

FIXED DEPOSITS

FD options
Shriram Investments: Investments can be considered in the high-yielding fixed deposit and debentures schemes of Shriram Investments. The company offers 7.75 per cent for a three-year cumulative fixed deposit and 8.40 per cent for a ... More

MERGERS & ACQUISITIONS

Macmillan eyeing acquisitions in publishing, BPO sectors
MACMILLAN, a leading publishing company, is looking for acquisitions in publishing and BPO sectors in India to tap the available talent here in English language, scientific know-how, institutional resources and printing skills. Macmillan India ... More

NEW PROJECTS

Petrochem project at Dahej SEZ — ONGC may finalise feasibility report by next month-end
OIL and Natural Gas Corporation is expected to finalise the detailed feasibility report for the proposed petrochemicals project at the Dahej special economic zone (SEZ) in Gujarat by the end of next month. According to available estimates, the ... More

ALLIANCES & JOINT VENTURES

For industrial asset disposal, auctions — Srei arm forms jt venture with GoIndustry Group of UK
The unique format of asset disposal would be attractive to FIs, banks, government bodies, and companies both in the private and public sectors. More

Wockhardt in pact with Kamineni Group — To set up 2 world-class heart hospitals in Hyderabad
WOCKHARDT Hospitals has announced its entry into Andhra Pradesh with a long-term association with the Hyderabad-based Kamineni Group engaged in medical education and healthcare services. Under this alliance, Wockhardt would establish two ... More

Dr Reddy's pact with Pharmascience
DR Reddy's Laboratories Ltd has entered into a strategic alliance with Pharmascience Group for multi-product development and marketing of generic products in Canada. In a communication to stock exchanges, Dr Reddy's said it has entered into an ... More

DIVERSIFICATION

Diversifying to keep afloat
TCIL enters road construction; ITI into wireless biz
A slump in fixed line telephony business is forcing some public sector telecom companies with expertise in providing back-end support to service providers to look at other avenues to keep afloat. For instance, Telecommunication Consultants of ... More

PERFORMANCE

What's in store this results season?
The results of several high-profile companies from different sectors are due in the next few weeks. With rising input costs and taxation woes, disappointing performances may put the good ones in the shade. Until the monsoon breaks, these results coul d well set the tone for the market in the near term. More

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