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Friday, March 04, 2005

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Skoda cuts prices up to Rs 50,000 on various models
SKODAAUTO India on Thursday announced that it has decided to pass on a price benefit on its cars post-Budget. The benefit will be up to Rs 50,000, on various cars of {Scaron}koda in the market and will come into effect from Thursday. Mr Imran ... More

Escorts bags $8.5-m tractor order from Ghana
ESCORTS Ltd Agri Machinery Group (AMG), a leading tractor manufacturer, today announced that it has won a major export order from the Government of Ghana worth $8.5 million. This order is for the supply Escorts's Farmtrac range of tractors and ... More

Natco Pharma unveils anti-migraine drug
NATCO Pharma Ltd (NPL) has announced the launch of Rizatriptan tablets in 5 mg and 10 mg dosage under the brand name Ritza. In a press release here on Thursday, the company said Rizatriptan is a new generation anti-migraine drug and is ... More

Apollo Tyres cuts prices
THE Rs 2,300-crore Apollo Tyres Ltd (ATL) has cut product prices across different categories to pass on the benefits arising from the duty changes announced in the Union Budget. The Finance Minister, Mr P. Chidambaram, had announced, among ... More

PREFERENTIAL ALLOTMENTS


  • California Software pref issue

    OVERSEAS BORROWINGS


    Indo Rama gets Rs 307-cr loan from German bank
    INDO Rama Synthetics (I) Ltd (IRSL) announced on Thursday that it had signed a long-term loan of Euro 54 million (Rs 307 crore). The loan was sanctioned by IKB Industriebank Aktiengesellschaft, Düsseldorf, Germany, through offshore financing. ... More

    COURTS/LEGAL ISSUES


    HC orders status quo over trademark, brand in Shaw Wallace case
    MR JUSTICE K.J. Sengupta of the Calcutta High Court on Wednesday passed an order for maintenance of status quo regarding trademark and brand belonging to Shaw Wallace Co Ltd (SWC). The court, however, directed that money receivable from the ... More

    Dunlop files plea to withdraw funds
    DUNLOP India Ltd on Wednesday filed a petition in the Calcutta High Court, seeking withdrawal of Rs 10.75 crore deposited with the court towards sales proceeds of its Calcutta property. Dunlop, in its petition, stated that out of the sales ... More

    HUMAN RESOURCES


    Lupin offers ESOP package to managerial staff
    IN a bid to hold on to talented employees and get them to partner the company's vision of clocking $1 billion by 2009, Lupin Ltd has introduced an ESOP package covering about 30 per cent of its managerial staff. "The company is in a growth ... More

    MERGERS & ACQUISITIONS


    Indian Express buys 10 pc stake in Mid-Day
    INDIAN Express has acquired 10 per cent equity stake in Mid-Day Multimedia Ltd for Rs 25.54 crore at Rs 60 per share. The Goenka-owned newspaper group bought the stake from the promoters of Mid-Day Multimedia, the Ansari family. The ... More

    NEW PROJECTS


    Hind Sanitary embarks on Rs 20-cr expansion
    HINDUSTAN Sanitaryware & Industries Ltd (HSIL) has embarked upon an Rs 20-crore expansion at its Hyderabad unit. Addressing newspersons after inaugurating an exclusive showroom here on Thursday, the HSIL Chairman and Managing Director, Mr ... More

    Tata Metaliks mulls fresh blast furnace capacities
    TATA Metaliks Ltd (TML) is actively considering acquisition of fresh blast furnace capacities. The company is also planning to add steel-making facilities at its existing pig iron facility in Kharagpur in West Bengal. The diversification plan is ... More

    DIVERSIFICATION


    OCL India to set up integrated steel plant
    THE Orissa-based OCL India Ltd, producer of the Konark brand cement, is setting up its first integrated steel plant of 0.25 million tonnes per annum capacity. The company singed a memorandum of understanding (MoU) with the Orissa Government in ... More

    OUTLOOK


    BILT turnover may cross Rs 3,000 cr in 2 years
    PAPER major Ballarpur Industries Ltd (BILT) is expected to cross the Rs 3,000-crore turnover mark over the next two years. The company has charted out a Rs 1,200-crore expansion and modernisation plan, which will enable it to double the total ... More

    PERFORMANCE


    Hyundai domestic sales fall in Feb
    HYUNDAI Motor India Ltd saw two per cent year-on-year rise in total sales as domestic sales dropped to 9,522 vehicles in February following industry-wide slowdown. "The auto industry overall witnessed a slowdown in February because customers ... More

    PEOPLE


    New CEO for Seaways Shipping
    HYDERABAD: Seaways Shipping Ltd has announced that Capt. K Vijay Gopal has been promoted as the Chief Executive Officer of Maxicon Shipping Agencies Pvt Ltd and Seamaster Shipping and Logistics Pvt Ltd. Seaways Shipping has a network of ... More
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    Top Stories
    TN trade, industry bodies want quick shift to VAT


    TN zone export units' turnover to cross Rs 5,000 cr

    The logic of tax on fringe benefits, savings

    BILT turnover may cross Rs 3,000 cr in 2 years

    Indian Express buys 10 pc stake in Mid-Day

    Online ad market to touch Rs 100 cr

    Service tax exemption on forex payments to go

    In Focus

    BHEL Disinvestment
    The Yuan Revaluation
    Dabhol power regenerated
    Tracking the rains
    Sethusamudram Canal Project
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Feb. 20-Feb. 26
    Restructuring will result in sizeable savings, says HM

    Auditors of vanishing cos come under MCA lens

    GSK Biologicals to set up vaccines facility in Nashik

    TVS Motor plans units in Indonesia, Himachal Pradesh

    Narayana Murthy B-Schools' favourite, again

    `Indian mid-cap firms most resilient to Chinese competition'


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