Financial Daily from THE HINDU group of publications
Friday, May 16, 2003
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Financial Daily from THE HINDU group of publications Friday, May 16, 2003 |
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CORPORATE RESEARCH & DEVELOPMENT Bhilai plant develops steel for warships STEEL Authority of India Ltd's (SAIL) Bhilai Steel Plant (BSP) has developed a special grade steel for the country's naval warships in collaboration with the Defence Metallurgical Research Laboratory, Hyderabad. Currently, India is importing ... More ANNOUNCEMENTS GTL calls off plan for Redington acquisition NETWORK engineering company GTL Ltd (formerly Global Telesystems Ltd) on Thursday said it was calling off its proposed acquisition of Singapore-based IT product distributor Redington Group. According to GTL, acquisition of the Group — ... More
Morepen extends fiscal year by six months
Orchid Chem to launch two products from Chinese jt venture CORPORATE DISPUTES Village telephony projects — VSNL, BSNL row over satellite tariff TELECOM behemoths Videsh Sanchar Nigam Ltd (VSNL) and Bharat Sanchar Nigam Ltd (BSNL) are slugging it out once again. This time around, the bone of contention is hefty hike of around 170 per cent in the tariffs that VSNL wants to charge for ... More
SEBI steps in to resolve Birlas-Kennametal issue — Seeks waiver of NOC in Widia buy OVERSEAS BORROWINGS IVRCL defers GDR issue THE board of IVRCL Infrastructures & Projects Ltd, which met here on Thursday, has deferred the company's issue of Global Deposit Receipts and the proposal to increase its authorised share capital and borrowing powers. IVRCL's Managing ... More COURTS/LEGAL ISSUES i-flex unit CEO discharged by London court THE London-based CEO of i-flex Solutions Ltd's Dutch subsidiary, Mr Senthil Kumar, has been discharged by a London court after the Netherlands Government failed to convince Britain to launch extradition proceedings against him. According to the ... More HUMAN RESOURCES Top-brass at CIL units shuffled IN an unprecedented move, the Union Ministry of Coal and Mines has directed Coal India Ltd (CIL) to transfer with immediate effect at least five Chairmen-cum-Managing Directors of the company's five subsidiaries. The reason behind the move is yet ... More MERGERS & ACQUISITIONS Shareholders consider Kesoram merger IN separate meetings convened by the Calcutta High Court here on Thursday, the shareholders of Kesoram Industries Ltd (KIL), the BK Birla Group flagship, and KICM Investment Ltd (KICMIL), a wholly-owned subsidiary of KIL, considered the scheme of ... More
Promoters up holding in Apollo Tyres NEW PROJECTS Astra Microwave to set up third plant in Hyderabad ASTRA Microwave Products Ltd, engaged in the manufacture of communications related products including radar sub-systems for Defence and telecommunications sectors, has embarked on a plan to establish a Rs 10-crore manufacturing base in the ... More
Apollo Ahmedabad inaugurated DIVERSIFICATION Surana Tele eyes new lines — Talks on with Singapore co for entertainment, tourism The Rs 250-crore Surana group, which manufactures optical fibre and jelly-filled cables and telecom-related equipment, is diversifying into entertainment and tourism. It recently forayed into CDMA equipment maintenance and marketing. The ... More OUTLOOK Yamaha Motor eyes second slot RIDING on the "success" of its Enticer and Libero models, Yamaha Motor India Private Ltd, a wholly-owned subsidiary of Yamaha Motor Co of Japan, has set its eyes on attaining the second slot in the domestic motorcycle industry, while making India ... More
PEOPLE A CEO and a musician THE Vice-Chairman of South Asian Petrochem Ltd, Mr C.K. Dhanuka, picked up encomiums playing the violin at the inauguration of the South Asian Petrochem Ltd (ASPET) plant here. The 100 per cent Rs 450-crore export-oriented unit plans to sell ... More NEW PRODUCTS & SERVICES GM rolls out premium hatch-back Corsa GENERAL Motors India (GMI) today launched its premium hatch-back `Opel Corsa Sail' and said it would invest Rs 180 crore by the year-end to roll out more vehicles. The premium hatch-back would be available in two versions - 1.4 and 1.6 litre ... More
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