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Sunday, January 11, 2004

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ANNOUNCEMENTS
Bharat Forge board okays fund raising plan
THE board of directors of Bharat Forge Ltd, at a meeting here on Saturday, approved the company's fund raising programme of Rs 350 crore. Mr Amit Kalyani, Chief Technology Officer, told Business Line that the funds raised would be a ... More

IP Rings to make synchrocones, gears from June
IP Rings will start producing synchrocones and bevel gears from June. The company's Rs 20-crore diversification project is on schedule and commercial production will begin in June, the Managing Director, Mr K.V. Shetty, told Business ... More

Honda cuts prices of City, Accord
HONDA Siel Cars India Ltd today cut the prices of its City and Accord cars by 2-3 per cent as the Government reduced the import duty and abolished the special additional duty (SAD). The Honda City EXi model will now be cheaper by Rs 20,000 at ... More

GAIL announces 40 pc interim
GAIL (India) Ltd has declared an interim dividend of 40 per cent for the financial year 2003-04, an increase of 10 per cent over the previous year's figure. The total dividend paid in 2000-01 was 40 per cent followed by 45 per cent in 2001-02 ... More

  • NEPC bags order from Vishal

    OPEN OFFERS
    SEBI halts Ondeo Nalco open offer plan
    THE Securities and Exchange Board of India (SEBI) has stalled the open offer proposal by the new acquirer of Ondeo Nalco India Ltd. The market regulator has asked the consortium of investors lead by Goldman Sachs and the managers to the offer, ... More

    OUTSOURCING
    Manipal co unveils healthcare BPO
    OMEGA Healthcare Management Services, a joint venture between Manipal Enterprises and the US-based Sonix Medical Resources, launched a 600-seat healthcare BPO outfit here on Friday . Omega signed a MoU with the US-based Healthcare Management ... More

    COMPANY LAW
    Cost accountants irked by exemption to milk food cos
    EVEN as companies in the business of manufacturing chocolates, ice-creams and `desi ghee' would be a happy lot, the recent move of the Department of Company Affairs to exempt the producers from following cost accounting rules has not been ... More

    MANPOWER
    VRS option in FACT extended till Jan 31
    THE Union Fertilisers and Chemicals Ministry has extended the last date for the workers of the Fertilisers and Chemicals Travancore Ltd (FACT) to submit their option for voluntary retirement to January 31. So far, only around 200 workers had ... More

    MERGERS & ACQUISITIONS

  • Guj Ambuja Exports merger

    SICK UNITS
    BIFR nod for winding up IDPL
    WITH no prospects of a revival package in sight for the ailing public sector Indian Drugs & Pharmaceuticals Ltd (IDPL), the Board for Industrial and Financial Reconstruction (BIFR) has given its nod for winding up the company. In its recent ... More

    OUTLOOK
    Pritish Nandy sets sights on `BPO' from foreign films
    ITS revenues are now almost wholly from films and at FY03 net sales of Rs 40.13 crore in a Bollywood still warming up to transparency, Pritish Nandy Communications Ltd (PNCL) is arguably on top of the film production heap. The Chairman of PNCL, ... More

    PEOPLE
    Praxair India has new MD
    MR John Panikar, formerly business development manager for Praxair Asia, has been appointed Managing Director of Praxair India. He takes over from Mr Indrajit Mookerjee, who has taken retirement. Mr Mookerjee has been holding charge of Praxair ... More

    TRENDS
    4 TN cos jointly buy aircraft for exec travel
    FOUR Tamil Nadu-based companies, some of them with manufacturing plants in different locations, have purchased a six-seater aircraft for executive travel. The aircraft, a King Air turbo prop, cost about Rs 8 crore. The four companies will ... More


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  • Top Stories
    Pritish Nandy sets sights on `BPO' from foreign films


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    SEBI plans changes in takeover code


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