The Hindu Business Line : Thursday, May 26, 2005

Himalya to supply mushroom products to US food chain
HIMALYA International Ltd has informed BSE that the company has received an order for $1.2 million (Rs 52.64 crore) for mushroom products from the Cohen Foods, one of the largest wholesale food chains in the US. The company has received the ... More

Maruti launches Swift at Rs 3.87 lakh
MARUTI Udyog Ltd on Wednesday announced the launch of its premium compact car Suzuki Swift at a starting price point of Rs 3.87 lakh. This is the company's first launch in about four-and-a-half years. The car has been priced cheaper than its ... More

Damodar Valley to undertake dam project in Jharkhand
AFTER nearly half a century, Damodar Valley Corporation (DVC) is all set to undertake a Rs 400-crore multipurpose dam project at Balpahari in Jharkhand. Though proposed some years ago, the project was delayed as Jharkhand Government withheld ... More

Nagarjuna Construction bags Rs 258-cr orders
NAGARJUNA Construction Company Ltd has announced that it has secured new orders totalling Rs 258-crore from various clients. In a communiqué to stock exchanges on Wednesday, the company said it had secured an order worth Rs 123-crore from ... More

Tata Power may divest stake in broadband biz
TATA Power Company is likely to divest its stake in Tata Power Broadband Company (TPBC) in favour of one of the telecom companies in the Tata stable. Tata Power will consider the sale of its shareholding in TPBC at its board meeting scheduled ... More

CORPORATE DISPUTES

Carving up FoodWorld
The two partners in FoodWorld - Dairy Farm International and the RPG group - have decided to part ways. What next? More

MERGERS & ACQUISITIONS

TAFE to acquire Eicher's tractor business for Rs 310 cr
EICHER Motors Ltd today announced that it would be selling its tractor, engine and gears division to Tractors and Farm Equipment Ltd (TAFE) for a consideration of Rs 310 crore. The transaction would raise TAFE's marketshare to 22 per cent in ... More

Aspire Learning buys 60 pc stake in Scholars' League
THE Rs 15-crore Aspire Learning Company Pvt Ltd has acquired 60 per cent equity in Scholars' League India Pvt Ltd. In the next 18 months, Aspire-Scholars' League will set up 50 more centres in South, with 200 students across various programmes ... More

Eicher to buy US firm for $2.5 m
EICHER Motors Ltd on Wednesday said that it has decided to invest $2.5 million for the acquisition of a US-based company engaged in computer-aided engineering and design services. Investment banking firm Avendus Advisors is advising Eicher ... More

Tata Chem bids for Egyptian Fertiliser Co
TATA Chemicals Ltd (TCL) on Wednesday informed that , it has made an open offer for 1.475 million shares of $100 each of Egyptian Fertiliser Company (EFC) through its wholly-owned subsidiary, Homefield International Pvt Ltd, subject to ... More

NEW PROJECTS

Jindal Stainless plans architecture plant
JINDAL Stainless Ltd (JSL) has finalised plans to set up a 1.5-lakh sq. ft. architecture plant at Manesar in Haryana. The total investment for setting up the plant would be Rs 25-30 crore, the company's Vice-Chairman and Managing Director, Mr ... More

Volkswagen team visit sites in AP
VISAKHAPATNAM: A team of representatives from Volkswagen, accompanied by the State officials, visited the sites in the vicinity of the Visakhapatnam steel plant on Wednesday to examine whether they were suitable for setting up a car ... More

TRADE & LABOUR UNIONS

Toyota, workers ink pact for 15 pc more wages — Co urges Govt to improve industrial climate
TOYOTA Kirloskar has signed a fresh wage pact with its workers but has warned that it could set up its next plant in North India if the industrial climate does not improve in Karnataka. "We are keeping our options open. Even though our wish is ... More

SICK UNITS

Cabinet panel to study KSDPL revival package
THE State Cabinet Sub-Committee is to consider a revival package for the State-owned Kerala State Drugs and Pharmaceuticals Ltd (KSDPL) at Kalavoor near Alappuzha, submitted by an expert committee constituted by the employees and officers of the ... More

`Revival packages for BHPV, HSL to be ready by August'
THE United Progressive Alliance Government is striving to fulfil all its electoral promises and as a part of the endeavour the public sector units here - the Bharat Heavy Plate and Vessels (BHPV) and the Hindusthan Shipyard Ltd (HSL) - ... More

PEOPLE

Chandra Pal Singh re-elected Kribhco chief
DR Chandra Pal Singh, Member of Parliament, Lok Sabha, was unanimously re-elected Chairman of Krishak Bharati Cooperative Ltd (Kribhco) here today, stated a release. Dr Singh has been on Kribhco board as director since May 1995. Mr R.K. ... More

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Research body develops GM rubber — Variety tolerant to drought, environment stress

Pension reforms urgent, says World Bank

Marketics does away with `redundant' HR practices

Discount chain Subhiksha plans to enter Delhi, Mumbai markets — Mulls 180 stores with Rs 150-cr investment

`Political will, sincerity could help overcome disputes'
Musharraf tells Indian business delegation

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BHEL Disinvestment

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