CORPORATE
ANNOUNCEMENTS
Taj Hotels launches re-designed Web site
TAJ Hotels Resorts and Palaces has launched its redesigned Web site, www.tajhotels.com, with an enhanced reservations section, a Taj Holidays search tool and a hotel finder. Effective from October 15, ...
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National Insurance sorts out Reliance Info accounting issue
NATIONAL Insurance Company (NIC) has been provided some relief in the way its 2003-04 accounts treated claims that came from its insurance of Reliance Infocomm's business. Mr H.S. Wadhwa, NIC's Chairman-cum-Managing Director, said some ...
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Exide may outsource batteries from Thailand
IN the wake of the recent India-Thailand free trade agreement (FTA), Exide Industries Ltd (EIL) is planning to outsource batteries from Thailand either from a manufacturer there or by way of setting up its own production base there. Though ...
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AWARDS & HONOURS
Deming award for Lucas-TVS
CHENNAI: Lucas-TVS has bagged the prestigious Deming Application Award given by the Japanese Union of Scientists and Engineers (JUSE). The company is the third in the TVS group to get the award. The award ceremony will be held on ...
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PHARMACEUTICALS
Global oil price rise may add to drug industry input costs
CONSUMERS may be spared with just a "marginal" increase in medicine prices, as a fall-out of global oil prices pushing at $ 53 per barrel. But the domestic drug industry is most certainly set to take the squeeze due to the hike in input costs. In ...
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CREDIT RATING
Alok Ind CP rating reaffirmed
MUMBAI: Alok Industries Ltd has informed Bombay Stock Exchange that Fitch Ratings India Pvt Ltd affirmed the `F1(ind)' rating for its Rs 40-crore commercial paper programme. This rating is valid up to a maximum period of 12 months. ...
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MERGERS & ACQUISITIONS
Nagarjuna Fert to merge its arm
HYDERABAD: The board of directors of Nagarjuna Fertiliser & Chemicals Ltd (NFCL), which met here on Saturday, has decided to merge Nagarjuna Palma India Ltd with the company. Nagarjuna Palma, an unlisted and a subsidiary company of ...
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OUTLOOK
Timex to introduce 2 new brands
TIMEX Watches will soon bring international fashion brands such as Timberland and Opex to Indian shores as part of its strategy to develop a multi-brand portfolio, besides increasing the exports of its watches from India to other subsidiaries, ...
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SGS to scale up India operations in 2-5 years
The company would be putting in another $2.1 million for setting up the CRO in due course in the Chennai facility.
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Philips India looks to double biz in 3 years
BUOYED by the fast growth in the colour television (CTV), DVD and home theatre segments in the last four quarters, compared to the average market growth, the consumer electronics division of Philips India Ltd has set its eyes on the top-four slot ...
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