CORPORATE
ANNOUNCEMENTS
Rohit Bal to design uniform for British Airways staff
DESIGNER Rohit Bal has been selected to design a new South Asian uniform for British Airways staff in India, Bangladesh and Pakistan. According to a press release, the new uniform, which will comprise a tunic suit and sherwani, will ...
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Toyota Prado to hit the Indian roads by month-end
AUTO major Toyota Kirloskar Motors is gearing up to set-off some fresh action in the crowded domestic sports utility vehicle (SUV) market. It will launch its premium product the Land Cruiser Prado later this month. Top company sources told ...
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PREFERENTIAL ALLOTMENTS
Nagarjuna EGM okays pref issue
HYDERABAD: The extraordinary general meeting of Nagarjuna Construction Company (NCC) Ltd has given approval for issue of three million equity shares on a preferential basis at Rs 278 per share to select investors and promoters. The issue ...
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AWARDS & HONOURS
IOC bags DSIR award
NEW DELHI: Indian Oil Corporation has bagged the DSIR-2004 award for its residue upgradation technology INDMAX and FCC catalyst, additive i-MAX. The award was presented by Mr Kapil Sibal, Minister of State for Science and Technology, to ...
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INSIGHT
Strategic issues in product recall
Whether or not to recall the product depends on the nature of the defects and whether the problems can be attended on-site.
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RESTRUCTURING
Fiat's blueprint for India delayed
FIAT'S blueprint for India will not be out till the second quarter of next year because of delay in implementing the parent's global restructuring plan. A Fiat official told Business Line that Fiat's restructuring plans are getting ...
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MERGERS & ACQUISITIONS
Legal, Govt issues delaying Daewoo deal, says GM
GENERAL Motors India today said that plans to buy the assembly unit of Daewoo Motors India have been delayed due to "legal and Government-related" issues. According to Mr Aditya Vij, President and Managing Director of General Motors India Ltd, ...
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Mittals' magic touch revives Nigerian steel company
NIGERIA'S 2.2 million tonne public sector undertaking Ajaokuta Steel Company had never produced a tonne of steel in the 25 years since inception in 1979 when the Mittals of Ispat Industries acquired management and operational rights in the ...
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NEW PROJECTS
Hotel Leelaventure board to take up Bangalore property expansion
THE board of Hotel Leelaventure is to meet on November 22 to consider the expansion of its Bangalore property, envisaging the addition of 120 rooms at a cost of Rs 35 crore. Also on cards is an EGM to approve a proposal to raise funds through ...
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TRADE & LABOUR UNIONS
Strike at Grasim unit
MUMBAI: Grasim Industries Ltd has informed the Bombay Stock Exchange that the workers at one of its textile units at Bhiwani have been on an illegal strike from November 10. The share of the aforesaid textile unit in the company's ...
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ALLIANCES & JOINT VENTURES
Maini Precision in pact with UK firm to make auto chargers
MAINI Precision Products Pvt Ltd, a privately owned Maini Group company, is entering a 30:70 joint venture with the UK-based Hampson Industries PLC to set up a 100 per cent export-oriented unit in Bangalore to make high precision parts for the ...
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INTERVIEW
BILT plans to get leaner in 3-4 years
BALLARPUR Industries Ltd (BILT) is the market leader in the Indian paper industry. The company is also the largest manufacturer and exporter of paper, with a strong presence in all segments of the usage spectrum that includes writing and printing ...
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