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Saturday, August 07, 2004

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ACCIDENTS
Fire at Sun Pharma Panoli plant
SUN Pharmaceuticals said on Friday that a fire had broken out in one of its three bulk active units in Panoli, early this morning. Four workers were injured and their condition is stable, a company communiqué issued here said. This unit ... More

ANNOUNCEMENTS
Fiat set to launch new campaign this month — No more high-decibel endorsements
FIAT India is reworking its advertising strategy through a new set of commercials as the company has decided to change its track from high-decibel celebrity endorsements in the past. "Our new ads will be based on third party endorsements of our ... More

BHEL bags PowerGrid order
MADURAI: The Bharat Heavy Electricals Ltd has secured a turnkey contract from Power Grid Corporation of India, in the face of stiff competition from the multinational companies from Germany and France, for setting up a 400/220 kv grid ... More

TAXATION
Calculus of the differential
T. C. A. Ramanujam on the new regime for taxing foreign companies More

NEW PROJECTS
Jurong Intl opens regional office in Hyderabad
JURONG International, a wholly owned subsidiary of JTC Corporation of Singapore, has opened its regional office here on Friday. The infrastructure company, which has its presence in 95 major cities in 23 countries, is also planning to set up its ... More

VENTURE CAPITAL
NovaStar to invest up to Rs 12 cr in each venture
NOVASTAR Capital, a two-month old venture capital fund, plans to invest Rs 8 crore to12 crore in companies with revenue of about Rs 5 crore - to Rs 10 crore to help them scale up their business, according to the Managing Director, Mr Vijay ... More

DIVERSIFICATION
Greaves Cotton to tap gas-based power market
GREAVES Cotton Ltd is gearing up to tap the 100 per cent processed gas-based captive power generation market, especially in the small and medium scale sector. The Rs 600-crore engineering company of Thapar group is already an established ... More

Sahil Resorts plans to enter hospitality segment
THE Pune-based Sahil Resorts Agri Fields and Farms Pvt Ltd, is all set to enter the hospitality segment. The company is carrying a pilot project at Alibaug near here. Mr Vinay Phadnis, Chairman and Managing Director of Sahil Resorts, said that ... More

BONUS ANNOUNCEMENTS
Geometric Soft allots bonus stock options
FOLLOWING the meeting of the compensation committee of the directors of Geometric Software Solutions Company Ltd held here on Friday, 55,16,494 equity shares of Rs 10 each have been allotted as bonus stock options in the ratio of 1:1 to those ... More

OUTLOOK
Tata Motors CV sales to exceed sector's
THE country's largest commercial vehicle maker, Tata Motors Ltd on Friday said that it expects the industry's sales to rise by 8-10 per cent in the current fiscal and its own sales to exceed the sector's growth. ``We are aiming to grow market ... More

PERFORMANCE
Tata Motors sales up 20.3 pc in July
TATA Motors reported a 20.3 per cent increase in its sales during July 2004 at 30,057 vehicles. Cumulative sales for the period April-July 2004 stood at 1,14,975 vehicles (86,013 vehicles), representing a growth of 33.7 per cent. Sales of ... More

Ashok Leyland July sales up 11 per cent
ASHOK Leyland Ltd has sold 3,839 vehicles in July, an 11 per cent increase over 3,449 vehicles sold by it in July 2003. Total MDV (medium duty vehicles) domestic sales were down at 3,182 units (3,218). This was mainly because MDV passenger ... More


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Top Stories
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Leyland mulls sales to foreign defence forces

Sanmar group constitutes corporate board


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