The Hindu Business Line : Tuesday, October 04, 2005

NTC to lease out 30 mills to pvt sector — Short of cash for modernising all mills
THE Government has granted approval to the National Textile Corporation (NTC) to scout for private parties to run as many as 30 NTC mills on a lease basis in order to quicken the pace of modernisation. Sources in the Government told Business ... More

ANNOUNCEMENTS

GHCL hikes soda ash price by Rs 400 per tonne
GHCL Ltd on Monday increased the price of soda ash by Rs 400 per tonne, from the present Rs 9,200 to Rs 9,600 per tonne. Soda ash is one of the main inputs for manufacturing glass and detergents. The other two big soda ash makers, namely, Tata ... More

Maruti hikes prices, spares Swift
MARUTI Udyog Ltd (MUL), the country's largest carmaker, today announced a price hike ranging from 0.2 per cent to 1 per cent across all its models, except the newly launched `Swift' hatchback. The company, owned 54.2 per cent by Japan's Suzuki ... More

TN Industrial Explosives to launch new product range
TAMILNADU Industrial Explosives Ltd has doubled its emulsion explosives production capacity and plans to introduce a new range of explosives in January 2006, said an official press release. The company's turnover was severely hit following the ... More

Glenmark's Goa plant gets USFDA nod
MUMBAI-based Glenmark Pharmaceuticals Ltd has received regulatory approvals from the US Food and Drug Administration (USFDA) for its solid-dosage plant in Goa. The Goa facility produces formulations or finished dosage forms of medicine for ... More

FINANCIAL PERFORMANCE

Ircon to pay Rs 20 cr dividend
IRCON recorded its highest ever turnover of Rs 1,014 crore and profit before tax of Rs 107.8 crore during 2004-05. This was stated by Railway Board Chairman, Mr J.P. Batra at Ircon's AGM recently. Ircon declared a dividend of 410 per cent of the ... More

MERGERS & ACQUISITIONS

Global merger not to change Boots Piramal operations
BOOTS Piramal Healthcare Pvt Ltd will not see a change in its India operations following the global proposal to merge British pharmacy groups Boots Group Plc and Alliance Unichem Plc. The global merger relates to Boots' retail business and ... More

CORPORATE GOVERNANCE

Management lessons from the Mahatma
"Simple corporate strategies like vision (freedom for India) and core values (honesty and non-violence) are well-illustrated in his life." More

NEW PROJECTS

KTM Jewellery plans expansion
THE city-based KTM Jewellery Ltd is on expansion mode. The first jewellery manufacturing and retailing company in the State to get the BIS hall-marking certification, KTM Jewellery has proposed to invest on a mechanised jewel making unit in its ... More

ALLIANCES & JOINT VENTURES

GAIL signs deal for equity participation in Myanmar blocks
The agreement provided OVL and GAIL entry in the A-3 block, which has major gas potential. OVL will hold 20 per cent equity while GAIL will hold 10 per cent equity. More

Manpower India, ABC Consultants set up joint venture
THE outsourcing-fuelled boom in the IT and IT-related areas in India is attracting global players in the recruitment industry to the country. As the surge in BPO operations in India continues to shore up demand for IT professionals, global ... More

Toonz, Vijay Amritraj firm tie up for animation venture
The new venture will also operate as a consumer products licensing business and is scheduled to announce its first major project soon. More

Ministry not to intervene in GAIL-ONGC gas deal
THE Petroleum Ministry has said that GAIL (India) Ltd should take up the issue of commercial arrangement with Oil and Natural Gas Corporation (ONGC) for buying natural gas from the latter's marginal fields off the west coast on its own. A ... More

OUTLOOK

Phillips Carbon Black studying options to raise funds for power plant
PHILLIPS Carbon Black Ltd, an RPG group company, is studying several options for raising approximately Rs 35-40 crore for its proposed 30-MW power plant contiguous to its factory at Durgapur in West Bengal. According to an RPG group source, two ... More

Ranbaxy sees big scope in anti-retrovirals
FOLLOWING the recent approvals by the US Food and Drug Administration for some of its anti-retroviral drugs (ARVs) and the re-listing by the World Health Organisation, Ranbaxy Laboratories Ltd is expecting some large orders, especially under ... More

GAIL in talks to buy LNG from Australia
WITH less than a year to go before the Dabhol project begins operations, GAIL (India) Ltd has stepped up its hunt for possible LNG sources. To meet the requirement of LNG for its projects including Dabhol, GAIL is in talks with companies ... More

Same Deutz-Fahr plans Indian export hub
SAME Deutz-Fahr India, part of the Same Deutz-Fahr group of Italy, will become the group's hub for exporting tractors in the 35-70 HP range to South and South-East Asia and Central Africa and for components - engines and transmission - to ... More

ACC bullish on TN, Kerala markets
FUELLED by the boom witnessed in the housing, infrastructure and industrial sectors, cement consumption in Tamil Nadu during August this year crossed one million tonnes, pushing it to the top slot in cement usage among the Southern States. It ... More

PERFORMANCE

Tata Motors Sept sales up
TATA Motors on Monday reported a total sale of 40,095 vehicles (including exports) for September 2005, a growth of 13.24 per cent over 35,406 vehicles sold in the same period last year. Cumulative sales for the company at 1,94,966 units were ... More

Skoda sales rise 31 pc
NEW DELHI: Skoda Auto India on Monday reported a 31 per cent jump in September sales at 909 units against 693 units sold in the same month last year. The company said that these included 15 units of the Skoda Superb luxury model. Skoda ... More

PEOPLE

ONGC appoints 2 new directors
OIL and Natural Gas Corporation Ltd (ONGC) on Monday said that it has appointed Mr D.K. Pande as Director (Exploration) and Mr U.N. Bose as Director (Technical and Field Services) on its ... More

New CEO for Siticable
MUMBAI: Zee Telefilms on Monday informed that Mr Jagjit Singh Kohli has been appointed as the CEO of its subsidiary, Siticable Network Ltd. "Mr Kohli will have overall responsibility for all revenues and territories of Siticable with a ... More

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