The Hindu Business Line : Friday, June 10, 2005

Salem Steel plans own utensil retail outlets
SALEM Steel Plant, the stainless steel manufacturing wing of Steel Authority of India Ltd (SAIL), will soon be more visible in the domestic retail market with stainless steel utensils. Last year, Salem Steel increased its stainless utensil ... More

PREFERENTIAL ALLOTMENTS

Ram Info meet
HYDERABAD: Ram Informatics Ltd has informed the BSE that a meeting of the board of directors of the company will be held on June 15 to consider offering equity shares on a preferential basis in accordance with SEBI guidelines and to ... More

MERGERS & ACQUISITIONS

Oil money seeks to acquire auto brands
THE car industry analyst, Mr Krish Bhaskar's is an Indian name associated with what seems a very audacious set of acquisition plans disclosed in the automobile industry. For the very reason that the plans have been publicised, senior ... More

Essar Steel completes acquisition of 2 cos
ESSAR Steel has announced that it has completed the acquisition of Hy-Grade Pellets Ltd (HGPL) and Steel Corporation of Gujarat Ltd (SCGL) from Stemcor, UK. Both the companies are now fully owned subsidiaries of Essar Steel Ltd. "With these ... More

Dagger-Forst Tools in talks with 3 cos for stake sale
DAGGER-FORST Tools Ltd, a Yash Birla Group company, is in talks with global players in cutting tools to offer a stake in the company. "We are in talks with three companies and may arrive at some decision by the end of this month," Mr G.L. Lath, ... More

NEW PROJECTS

Ind-Swift implementing Rs 100-cr expansion
THE Chandigarh-based Ind-Swift Ltd is implementing a Rs 100-crore expansion plan. The Rs 246-crore company is setting up three units in Punjab, Himachal Pradesh and Jammu and Kashmir and expects the projects to be completed in about nine ... More

ALLIANCES & JOINT VENTURES

Raymond to set up joint venture with Italian woollen fabric co
RAYMOND Ltd on Thursday announced that it plans to set up a joint venture with Italian woollen fabric manufacturer, Lanificio Fedora, with an investment of Rs 40 crore. Raymond would transfer its existing carded woollen unit, making largely ... More

OUTLOOK

All under one fold
Last year, UTV started its studio model, an umbrella organisation that guides and finances directors and stars, besides buying and distributing content. More

Hindustan Construction to take up more township projects
HINDUSTAN Construction Co Ltd, which has been focusing on major projects in the roads, power and irrigation sectors, will be looking out for township development projects. It has already forayed into township projects by forming a joint venture ... More

Apollo Tyres targets 15 pc topline growth
THE Rs 2,650-crore Apollo Tyres Ltd (ATL) hopes to repeat its topline performance of 2004-05 this fiscal. The company plans to grow its topline by around 15 per cent in 2005-06, even as it expects the profit margins to be "flat." "We don't see ... More

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