CORPORATE
ANNOUNCEMENTS
ONGC to invest Rs 2,500 crore in Mumbai High
OIL and Natural Gas Corporation Ltd (ONGC) plans to invest Rs 2,484 crore on its largest oil field - Mumbai High - during the new financial year. Although a large part of these investments will be targeted towards the ongoing ...
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Ocimum Bio unveils new tool
HYDERABAD: Ocimum Biosolutions, a life sciences contract R & D company, has launched a new product, "iRNAwiz", which helps in analysing biological sequence data. The new tool will help scientists to speed up their research in ...
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Dr Reddy's to announce audited results
DR Reddy's Laboratories Ltd, the Hyderabad-based pharmaceutical major, has decided to announce and publish the audited annual results of the company instead of unaudited results this time. Pursuant to clause 41 of the listing agreement, the ...
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CORPORATE GOVERNANCE
India Inc for transparent funding of polls — 86% favour disclosures in annual reports, 63% for tax benefit
Linking the theme of corporate governance to election funding, a sizeable section of Indian corporate honchos, in a recent quick survey on Indian Elections 2004 carried out by the Indian Chamber of Commerce (ICC), Kolkata, has voted in favour of ...
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ALLIANCES & JOINT VENTURES
ICRA ties up with Bangladesh rating agency
ICRA Ltd has entered into a technical tie-up with the newly-formed Credit Rating Agency of Bangladesh (CRAB). Announcing the tie-up here on Friday, Mr D.N. Ghosh, Chairman of ICRA, said the agreement would enable the Indian agency to assist ...
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OUTLOOK
Due diligence on at Surajpur facility — Daewoo workers pin hope on GM takeover proposal
Workers at Daewoo are resting their hopes on the verbal assurance given to them by Mr Sahib Singh Verma last year, that should the lenders be able to sell the plant the same set of workers will be employed at the plant.
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Rourkela Steel set to post profits after eight years
RIDING on the current boom in the steel market, Rourkela Steel Plant (RSP), belonging to Steel Authority of India Ltd (SAIL), is all set to register a cash profit for the just ended financial year, 2003-04. RSP will be recording this feat after ...
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Liberty Shoes plans to set up factory
LIBERTY Shoes plans to expand its domestic manufacturing capacity by starting a shoe factory in either Karnataka or Andhra Pradesh and buying a tannery in Tamil Nadu, according to its Executive Director, Mr Adarsh Gupta. Mr Gupta, who was here ...
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Sandur Manganese set to clear dues
AFTER nearly four years of being a BIFR case, Sandur Manganese & Iron Ores Ltd (SMIORE) is seeing light at the end of the tunnel. The once thriving iron and manganese producer has cleared more than 70 per cent of the debts and settlement dues ..
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PERFORMANCE
Piaggio 3-wheeler on the fast track
PIAGGIO'S three-wheeler - Ape - has penetrated deep into the Indian market and more than 1.5 lakh vehicles have been sold so far since 1999, according to Mr Ashutosh Khosla, the national sales manager. At a press meet here, Mr Khosla said ...
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