CORPORATE
ANNOUNCEMENTS
Coates renamed; now part of DIC group
COATES of India Ltd has changed its name to DIC India Ltd. Simultaneously, its 100 per cent owned subsidiary Coates Coatings India Ltd is now DIC Coatings India Ltd. Coates of India is now a 65.76 per cent owned subsidiary of DIC Asia Pacific ...
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Ispat in talks with GAIL, Shell for LNG supplies
ISPAT Industries Ltd is in talks with GAIL(India) Ltd and Shell to source natural gas to run its 1.2-million tonne per annum Dolvi sponge iron plant at full capacity. The company is negotiating to obtain natural gas supplies of around 2.3 ...
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Daimler may launch new cars soon
LUXURY car maker DaimlerChrysler has finally found buyers for its Rs 5-crore Maybach with the first delivery expected to take place later this year. It also plans to launch in India some of the cars out of the nine to be launched this year ...
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GM reduces Corsa price by Rs 36,000
GENERAL Motors India on Saturday announced a special promotional price of Rs 4.86 lakh (approximately Rs 36,000 less) on the Opel Corsa notchback model as a festive bonus to customers. "After tasting success with Optra and Tavera, there is ...
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NEW PROJECTS
SPL mulling manufacturing facility in AP
SPL Ltd, manufacturers of the Somany brand of ceramic floor and wall tiles, is working on plans for a manufacturing facility in Andhra Pradesh. The company is open to the idea of either acquiring an existing facility or setting up a greenfield ...
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JK Corp's expansion drive to hike capacity
JK Corp Ltd has embarked on Rs 40-crore expansion drive for enhancing its capacity from 24 lakh tonnes to 30 lakh tonnes. The scheme targets enhancing the productivity and also achieving an all-round cost reduction, according to a company ...
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ALLIANCES & JOINT VENTURES
IEM joins hands with DMG
NEW DELHI: India Exhibition Management (IEM), a 100 per cent Indian subsidiary of Expomedia Group Plc, has announced a partnership with DMG World Media (Daily Mail Group), to bring two major international exhibition brands — Index ...
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Bank of Baroda, M&M tie up
MUMBAI: Bank of Baroda (BoB) has tied up with Mahindra and Mahindra Ltd (M&M) for tractor financing. Both parties have entered into a memorandum of understanding as per which, a special discount of Rs 3,000 has been offered to farmers ...
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PERFORMANCE
Shree Cement posts highest-ever monthly dispatch
THE Rajasthan-based Shree Cement Ltd has announced that the company registered its highest-ever monthly dispatch during July 2004, despite the monsoon. According to a press statement issued by the company, the dispatch last month was 2.85 lakh ...
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