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Tuesday, May 10, 2005

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ANNOUNCEMENTS


Micro Labs 3rd unit gets UK approval
THE Goa unit of Micro Labs has received approval of the UK-MHRA (Ministry of Health and Regulatory Affairs). The approval gives its products a foothold in the highly regulated UK and European markets as well as allows MNCs in those countries ... More

Siemens consortium bags Rs 925 cr deal from Mumbai Rail
SIEMENS AG and Siemens Ltd India Transportation Systems consortium has received a contract worth Rs 925 crore from the Mumbai Railway Vikas Corporation (MRVC) for providing the propulsion system and electrical equipment for EMU rolling stock, ... More

ONGC launches e-service for investors
OIL and Natural Gas Corporation Ltd (ONGC) has launched a dedicated link for investor service as part of its corporate Web site at www.ongcindia.com/investorcenter.asp for the benefit of ... More

S&P plans no changes in Crisil management, name
STANDARD & Poor's (S&P), which now owns 58.5 per cent stake in Crisil Ltd, will leave the name of the latter unchanged even as integration exercises would make Crisil part of S&P's Asia-Pacific network. Crisil enjoys strong brand recognit More

Hyderabad Ind unit sale get shareholder nod
THE shareholders of Hyderabad Industries Ltd have consented to sell, transfer or otherwise dispose of the whole of the heavy engineering division (HED) of the company situated at Uttarapara in West Bengal in favour of Titagarh Wagons Ltd. The ... More

MERGERS & ACQUISITIONS


Jindal Vijayanagar board approves merger of 3 cos
JINDAL Vijayanagar Steel Ltd (JVSL) has informed the BSE that its board of directors has approved the acquisition of Euro Ikon Iron & Steel Pvt Ltd, Euro Coke & Energy Pvt Ltd and JSW Power Ltd (JPL) by way of merger with the company. The ... More

NEW PROJECTS


Essar to invest Rs 15,000 cr in steel plant
THE Essar Group has come up with a firm proposal to set up a greenfield steel plant, with investments up to Rs 15,000 crore in Kakinada, the Chief Minister, Dr Y.S. Rajasekhara Reddy, said here today. The Vizag Steel Plant's Rs 8,500-crore ... More

Miracle to set up rubber plant in Coimbatore
THE Kerala-based Miracle Group with interests in the manufacture of reclaimed rubber proposes to set up a new plant, its third, in Coimbatore to meet raised demand from tyre manufacturers. Announcing this, Mr P. P. Ahmed Kutty, Chairman and ... More

ALLIANCES & JOINT VENTURES


Essar Oil signs exploration pacts with Myanmar
ESSAR Oil Ltd (EOL) has signed two Production Sharing Contracts (PSCs) with the Government of Myanmar for oil exploration in two blocks — one offshore and the other onshore. With this, Essar Oil has become the first Indian private sector ... More

BONUS ANNOUNCEMENTS


Opto Circuits declares 1:2 bonus
OPTO Circuits (India) Ltd (OCIL), the country's leading manufacturer of non-invasive healthcare equipment, declared a 1:2 bonus following the company's good performance. It also declared a dividend of Rs 3.50 (35 per cent) per share for the ... More

SICK UNITS


Jessop hopes to come out of BIFR purview this year
JESSOP & Co hopes to wipe out its accumulated loss of Rs 118 crore and come out of BIFR purview in the current fiscal. The company has also expressed its intention to go back to the dividend list latest by 2007. Listed on the Calcutta Stock ... More

OUTLOOK


GM India unveils plans for 10% market share
IN a bid to boost its marketshare to 10 per cent by 2007, General Motors India on Monday said that it would be launching a minimum of two new cars every year, beginning with the next year. "We are targeting to sell about 160,000 cars a year by ... More

PEOPLE


Sanjiv Goenka joins Eveready board as independent director
MR Sanjiv Goenka, Vice-Chairman of RPG Enterprises, has joined the board of Eveready Industries India Ltd as an independent director with effect from April 28. The announcement was made by Eveready Industries. Mr Goenka, 44 years, is the ... More

Satluj appoints director
MR M.S. Sharma has been appointed Director (Finance) of the State-owned Satluj Jal Vidyut Nigam Ltd. He has been working as the company's General Manager (F&A) since June 2003. Mr Sharma assumed charge on May 6, a company release said ... More


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In Depth

Gender Justice
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Looking back
May. 1-May. 7
Murugappa group plans to invest Rs 650 cr in capacity expansion

Tata Motors sub-one tonne CV Cub to roll out on Friday

Leyland to float company to trade in used trucks

TAFE emerges second in tractor sales

Lupin ties up with Cornerstone for anti-infective

Tata unveils mini truck

CAG finds fault with surplus land sale of NTC unit


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