The Hindu Business Line : Wednesday, February 20, 2002

IOC Chairman on IBP board after revamp
THE board of IBP Ltd was reconstituted on Tuesday, with the Chairman and Managing Director of Indian Oil Corporation (IOC), Mr M.A. Pathan, appointed as the part-time Chairman of the petro products marketing company. The board revamp has taken ... More

MERGERS & ACQUISITIONS

ONGC arm seeks nod for stake in overseas fields
ONGC Videsh Ltd (ONGC-VL), the overseas exploration arm of ONGC, has sought the Government's approval to start negotiations for acquiring a 50 per cent stake in a discovered oil producing field in Oman and a 25 per cent stake in another ... More

NEW PROJECTS

Mahindras to step up presence in defence sector
WITH the Government encouraging private sector participation in the defence sector, Mahindra Defence Systems is planning to expand its presence by launching new products and offering technology solutions, senior company officials have said. ... More

Federal Mogul to invest more in Indian arm
US automotive component maker, Federal Mogul, intends to step up investment in its fully-owned Indian subsidiary as part of its efforts to launch more products here, a senior company official has said. The company intended to go to the Foreign ... More

ALLIANCES & JOINT VENTURES

GAIL, HPCL tie up for gas supply in AP
GAS Authority of India Ltd (GAIL) and Hindustan Petroleum Corporation Ltd (HPCL) signed a memorandum of understanding here on Tuesday for setting up a joint venture company for distribution of natural gas, auto-LPG and piped gas in Andhra ... More

Say it with flowers, the postal dept way
FOR Indians in the Gulf region, reaching out to friends and relatives back home on special occasions will soon become simpler, courtesy the Department of Posts. The Department of Posts has signed an agreement with Emirates Post, which will ... More

DotEx, BgSE arm sign pact for Net trading
DOTEX International, a joint venture company promoted by NSE.IT and i-flex Solutions Ltd, today signed a memorandum of understanding (MoU) with BgSE Financials Ltd, a subsidiary of the Bangalore Stock Exchange, to provide Internet trading ... More

INTERVIEW

`Quality upgrade has helped Tata Tea'
THE tea industry has been going through some trying times. The financial results of India's biggest tea company— Tata Tea Ltd (TTL) — partly mirror this problem as also reflect the market opportunities the tea major has chosen to ... More

OUTLOOK

Kinetic targets Rs 800 crore from mobike sales next fiscal
KINETIC Engineering Ltd (KEL) has prepared a blueprint for generating Rs 800 crore from motorcycle sales during the next fiscal. A new entrant into the motorcycles segment, the Rs 1,200-crore turnover KEL hopes to roll out five new models in ... More

Godrej group to focus on poultry
THE Godrej group is expected to dilute its focus on the foods business and instead concentrate on its poultry business, Mr Adi Godrej, Chairman, has said. Mr Godrej, however, ruled out exiting from the foods business, currently vested with ... More

MphasiS eyeing Chinese banking sector potential
AT a time when China is being looked upon as a potential threat to the Indian IT industry, MphasiS BFL Software is eyeing Chinese banks and insurance customers as potential customers. ``China represents an exciting market for us. Chinese banks ... More

Ayurvedic Concepts hopes to achieve Rs 40-cr turnover
HIMALAYA Drug Company (HDC), which forayed into the manufacture of consumer products based on ayurvedic and herbal materials two-and-a-half years ago, has since made rapid strides and is set to achieve a turnover of Rs 40 crore in the current ... More

INVESTOR PROTECTION

Forum alleges 'backdoor takeover' of Madhusudan Oil
THE Investors' Grievances Forum, headed by the BJP MP, Mr Kirit Somaiya, has demanded that the extraordinary general meeting of Madhusudan Oil and Fats scheduled for February 26, be stopped by both SEBI and the DCA. The EGM has been called to ... More

PEOPLE

Crompton Greaves director quits

NEW PRODUCTS & SERVICES

Aurobindo Pharma launches Cefactam
AUROBINDO Pharma Ltd (APL), the Hyderabad-based Rs 1,000-crore major, has announced the launch of Cefactam, a combination of cefoperazone, a highly potent third generation cephalosporin, with salbactam, a beta-lactamase enzyme. The combination ... More

Scoreboard
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in

Consumer spend on the rise: Study

Govt panel raises hopes for nidhis

Slide in petro consumption slows

Global majors join race for SCI; 12 EoIs received

PMO okays 26 pc FDI in periodicals -- Dailies spared; 100% in advt proposed

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Feb. 10-Feb. 16
ChrysCapital buys 5 pc stake in NIIT -- Seeks FIPB nod for 10 pc more

Schreiber to acquire 11 pc Britannia stake in Dynamix

Open offers up despite fewer M&A deals

Rashtriya Chem eyes 74% stake in SAIL unit

RBI approves ADR/GDR re-issue

VSNL enters Tata family

Pechiney may bid for Nalco control

Paradeep sold for Rs 151.7 cr

TVS signs Sachin as brand ambassador