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Sunday, October 02, 2005


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SAIL cuts prices of long products
STEEL Authority of India Ltd (SAIL) on Saturday announced a reduction in the prices of its long products. Flat product prices, however, remained at the same level. According to a company spokesman, the public sector steel giant had reduced ... More

  • DTDC clarification

    PREFERENTIAL ALLOTMENTS


    New SEBI guidelines' effect on Cholamandalam Investment — Murugappa group drops move to make pref offer to DBS Bank
    Under the revised takeover guidelines, if in a company the promoters hold a 55 per cent stake, they cannot raise their holding either through a preferential offer or a creeping acquisition. More

    MERGERS & ACQUISITIONS


    Four cos in race to buy HLL's Doom Dooma Tea
    LEADING tea companies, Apeejay Surrendra Group, Dhunseri, Warren Tea and MK Shah Exports are in the fray to acquire Hindustan Lever's wholly owned subsidiary Doom Dooma Tea Co Ltd for around Rs 50-55 crore. Sources said that the apart from ... More

    M&M plans to acquire two engineering cos
    NEW DELHI: Mahindra & Mahindra Ltd is on the verge of acquiring two auto engineering companies, including one overseas, as it seeks to increase its revenue from the auto components business four-fold to $1 billion by 2010. "The ... More

    NEW PROJECTS


    L&T to develop manufacturing growth centre in Coimbatore — Rs 500-cr marine structures unit also on cards
    LARSEN & Toubro Ltd plans to develop a manufacturing growth centre in Coimbatore, its fifth such centre in the country. Simultaneously, the company is also considering having another facility to manufacture marine structures at an investment ... More

    Tata Steel forms task force for Jharkhand greenfield plant
    TATA Steel has formed a task force for initiating and completing preliminary work such as finalising the site, securing raw materials and ensuring infrastructure support with respect to its proposed 12-million-tonne per annum greenfield steel ... More

    ALLIANCES & JOINT VENTURES


    Nalco eyeing West Asia for jt venture projects
    NATIONAL Aluminium Company Ltd (Nalco) is actively exploring the possibility of setting up joint venture projects in the West Asian countries, since surplus alumina to the tune of 1.2 million tonnes will be available after it completes the second ... More

    SOCIETY & DEVELOPMENT


    M&M commits 1 pc PAT to social projects
    MAHINDRA & Mahindra on Saturday said that it would commit one per cent of profit after tax (PAT), amounting to around Rs 7-8 crore per year, on a continuing basis to support various social projects. Making the announcements as part of its ... More

    OUTLOOK


    JK Paper bullish about high growth segments
  • Coated paper segment is growing at 12-15 per cent and is set to pick up with the increasing demand for coated papers from the printing and publishing segment.
  • In 2004-05, JK Paper's sales revenue was Rs 730 crore with a profit after tax of R s 38 crore. More

    PERFORMANCE


    Hero Honda sales up 22 pc in Sept
    NEW DELHI: Hero Honda registered a 22.3-per cent increase in sales in September this year to 2,66,071 bikes, against 2,17,507 bikes in the corresponding month during the previous year. Sales during the month jumped 9.6 per cent over the ... More

    PEOPLE


    Filippis is new Fiat India MD
    MUMBAI: Fiat India on Saturday announced the appointment of Mr Giovanni De Filippis, as Managing Director of the company with effect from October 1. The appointment assumes significance as Mr Filippis has been involved in the ... More

    TRENDS


    Indian companies awash with liquidity
    Surplus funds in excess of Rs 1,00,000 crore

    IT appears to be India Inc's fitting response to the call of "Show me the money!" Listed Indian companies are sitting on a pile of cash and liquid investments, which at the end of financial year 2005, aggregated to about Rs 1,16,000 ... More
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    In Depth

    Gender Justice
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    Looking back
    Sep. 25-Oct. 1
    BPCL revises Bina refinery project cost to Rs 9,100 cr — Bharat Oman Refineries to go in for IPO

    Cos that skipped exit scheme to receive default notices

    Hyundai, Maruti set to hike prices

    Chatterjee Group charges Bengal Govt, HPL with mismanagement

    MFL optimistic on getting LNG from Iran

    NTPC's hydro initiative gathers steam — Projects totalling 4,400 MW on the anvil

    Fortis hopes to partner Naresh Trehan in Medicity project

    FCI to raise Rs 5,000 cr thru bonds

    Petroleum Ministry to approach Cabinet for IBP-IOC merger


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