The Hindu Business Line : Friday, April 29, 2005

Dabur India `open' to exiting Dabon
DABUR India Ltd (DIL) is "open" to selling its 35 per cent equity stake in the loss-making joint venture company Dabon International Pvt Ltd. Its partner, Bongrain of France, holds the remaining equity in the five-year-old venture. The Group ... More

CORPORATE DISPUTES

What is stalling Kamath plan for Ambanis?
THE settlement of the family dispute between the Ambani brothers hinges on whether there should be a cash component to the Anil Ambani's share, over and above the management of a clutch of the Group companies that he would get, say sources privy ... More

M.P. Birla sisters move CLB against share transfer refusal
THE sisters of late M.P. Birla, Ms Laxmi Newar and Ms Radha Mohta, today moved the Company Law Board (CLB), challenging refusal by East India Investment Co. P. Ltd (EIICPL), a R.S. Lodha-controlled company, to register shares in their name. Ms ... More

FINANCIAL PERFORMANCE

Godrej Consumer PAT rises 32% to Rs 25.3 cr
GODREJ Consumer Products Ltd (GCPL) has reported a 32 per cent increase in profit after tax at Rs 25.3 crore for the fourth quarter of 2004-2005, against Rs 19.2 crore in the earlier year. Sales grew by 14 per cent to Rs 138.5 crore during the ... More

Vishal Export Overseas net up 54 pc
MUMBAI: Vishal Export Overseas Ltd has reported a 54.46 per cent rise in net profit at Rs 11.43 crore for the quarter ended March 31, 2005 compared to Rs 7.40 crore in the corresponding quarter last year. Net sales stood at Rs 895.83 crore ... More

RESTRUCTURING

MCF to spend Rs 56 cr for plant revamp
MANGALORE Chemicals and Fertilizers (MCF) Ltd will take up the third phase of revamp of its plant in March 2006 at an estimated cost of Rs 56 crore. A press release issued by the company said that certain critical equipment, which have reached ... More

MERGERS & ACQUISITIONS

Ministry to relook at BPCL, Kochi Refineries swap ratio
THE Petroleum Ministry has decided to take a fresh look at the swap ratio announced earlier to facilitate a merger between Bharat Petroleum and Kochi Refineries. A letter from the Ministry to National Investors Foundation (NIF), the ... More

NEW PROJECTS

BPCL begins work on Bina Refinery after 10 years
AFTER a lapse of 10 years, Bharat Petroleum Corporation Ltd (BPCL) has begun the groundwork for the six-million-tonne Bina Refinery once again. The company has appointed Engineers India Ltd (EIL) for a cost estimate and a detailed process ... More

Videocon proposes to invest Rs 300 cr in Bengal
THE Rs 7,000-crore turnover Videocon Group on Thursday unveiled plans to invest Rs 300 crore in West Bengal. The investment would be made through Kitchen Appliances India Ltd, a Videocon Group subsidiary. While Rs 100 crore would be invested ... More

HP to set up new facility in Delhi
HP today announced that it would set up India's biggest super computer with a four-teraflop peak computational capability. The facility would be installed at Delhi-based Institute of Genomics and Integrative Biology (IGIB), a constituent ... More

OVERSEAS INVESTMENTS

`More room for overseas buys'
INDIAN companies increasing their global presence through overseas investments received a fillip from the Credit Policy with the RBI hiking the limit for such investment under the automatic route from the earlier level of 100 per cent of a ... More

ALLIANCES & JOINT VENTURES

Vizag Steel mulls venture with NMDC
VIZAG Steel Plant (VSP), belonging to Rashtriya Ispat Nigam Ltd (RINL), is contemplating forming a joint venture with National Minerals Development Corporation (NMDC) for the development of iron ore blocks. According to Mr Y. Siva Sagar Rao, ... More

Israeli defence kit producer plans operations in India
THE Israel-based defence equipment manufacturer International Technologies (Lasers) Ltd (ITL) has finalised plans to have equity participation in an Indian outfit through which it would have a manufacturing base in the country and sell its ... More

OUTLOOK

Indu Projects upbeat on urban projects
INDU Projects Ltd, is upbeat on the growth in urban infrastructure projects and the opportunities thrown open by the relaxation in foreign direct investment in the construction sector. The Rs 127-crore turnover infrastructure developer is ... More

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