SKS Ship declares 10% second interim
RIDING high on the boom in freight market, SKS Ship Ltd has announced a 10 per cent second interim dividend. This decision was taken at the company's board of directors meeting here on Wednesday. Mr S.K. Shahi, Chairman of the company, said: ...
Himalaya Drug to steer clear of patent route
THE Himalaya Drug Company does not intend to patent its herbal pharmaceutical products in order to keep their manufacturing processes secret, a strategy that is at odds with the current trend in the Indian healthcare industry. Patent ...
Goa unit to play major role in Siemens medical equipment export
MORE activity is on the anvil for Siemens Ltd's medical equipment manufacturing facility at Goa. Even as the basket of products being sourced by Siemens AG from the Indian subsidiary is set to get bigger the Goa plant is gearing up for ...
Compact Disk forms film production unit
COMPACT Disk India Ltd (CDIL) has announced that it has formed an independent film production division called Celluloid Dreams. All movies produced under Celluloid Dreams will be based on unusual and human-interest subject. CDIL is also ...
Expertus begins Chennai operations
THE US-based Expertus Inc, which describes itself as a `human capital management service provider', plans to expand its clientele and has set up operations in Chennai. The company, set up in 1998, has development centres in the US, Dubai and ...
ICSI to evolve mechanism to curb professional misconduct
IN its efforts to curb instances of professional misconduct by its members, the Institute of Company Secretaries of India (ICSI) is taking steps to create greater transparency in its functioning. A need has been felt to evolve a mechanism to ...
MERGERS & ACQUISITIONS
Radico Khaitan to buy 8 more bottling units
RADICO Khaitan Ltd, one of the large liquor manufacturers in the country, is planning to acquire eight more bottling facilities in different States during the next three years. The company has launched its "Old Admiral Whisky" brand here on ...
Deepak Fertilisers plans Rs 350-cr investment Plans to set up isopropylene alcohol, captive power plants
THE Pune-based Deepak Fertilisers and Petrochemicals Ltd on Wednesday said that it planned to invest close to Rs 350 crore on future projects. These include the setting up of a 70,000-tonne isopropylene alcohol plant (a product similar to ...
ALLIANCES & JOINT VENTURES
Honda Motor renews partnership with Hero Model Committee to help minimise cannibalisation
HERO Honda and Honda Motor Corporation today announced the extension of their technical collaboration agreement for another ten years. The extension will allow Hero Honda to introduce new models of motorcycles and boost sales. The two companies ...
GMR forms consortium with Fraport, IDF to bid for airports revamp
THE GMR group on Wednesday announced the formation of a consortium with Fraport AG Frankfurt Airport Services Worldwide, the owner and manager of Frankfurt airport, and the India Development Fund to bid for the restructuring and modernisation of ...
`We always fight on performance, not price'
IT took the better part of six years but it can be safely said now that Volvo trucks and buses have carved a small niche for themselves in the Indian market dominated by Tata Motors and Ashok Leyland. As a brand, Volvo, is now acquiring a ...
Trident Pneumatics bets on exports
TRIDENT Pneumatics Pvt Ltd, a Coimbatore-based company that manufactures a range of compressed air treatment products, expects a quantum jump in turnover from international sales in the next four to five years. Global sales are expected to ...
Kirloskar Electric targets Rs 270-cr turnover Hopes to be back in black this fiscal
KIRLOSKAR Electric Co Ltd (KEC) expects to bounce back into black by end of the current fiscal and emerge as a debt-free company by March-end 2005. It has set a revenue target of Rs 270 crore for the current fiscal, with a projection of its ...
JSL to focus on overseas contracts
THE Rs 300-crore Jyoti Structures Ltd (JSL), which is engaged in the area of extra high voltage power transmission and is one of the major companies with expertise in 800 kV transmission lines, is sharpening its focus on overseas ...
Ford Endeavour leads the pack in SUV segment; nears 1000 mark
LATE entrant, Ford Endeavour, is stirring up the sports utility vehicle (SUV) market with sales expected to touch the 1,000-unit mark within six months of its launch. Endeavour launched in December 2003 has already grabbed around 40 per cent of ...
GTN Textiles profit before tax dips
GTN Textiles Ltd has reported a marginal fall in its profit before tax at Rs 10.80 crore for the financial year ended March 31, 2004 compared to Rs 11.12 crore during the previous year. The company has also registered a lower sale income during ...
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