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Thursday, February 19, 2004
Tata Motors buys Daewoo unit
MUMBAI, FEB. 18. Tata Motors today announced that it signed the Investment Agreement for the acquisition of Daewoo Commercial Vehicle Company Ltd. (DWCV) for a total price of 120 billion Korean won (about $102 million or Rs. 465 crores). This is ...
`Rural sector not fully tapped'
NEW DELHI, FEB. 18.The Insurance Regulatory and Development Authority (IRDA) Chairman, C. S. Rao, today pulled up the insurance industry for not reaching out to the rural areas and the disadvantaged sections of society. Though there had been some ...
Kurlon: looking beyond mattresses
CHENNAI, FEB. 18.What is the power of a brand? Mattress maker Kurlon is precisely trying to assess that. Claimed to provide products for `sleeping comforts', this over four-decade-old company has kick-started an internal exercise to discover the ...
Exports to China become more competitive
NEW DELHI, FEB.18.Exports of over 700 products to China from this country have become more competitive as import tariffs have been reduced under the Bangkok Agreement. In turn, India has cut tariffs on import of 106 items from China. The ...
IPCL floor price at Rs. 170
NEW DELHI, FEB. 18. The Central Government today fixed a floor price of Rs. 170 per share for IPCL, and decided to offer 5 per cent discount to retail investors in the forthcoming public offer slated to hit the market on February 20. The lower ...
Apollo to assist Hygeia Nigeria
CHENNAI, FEB. 18.Apollo Hospitals said today that it would provide operational management services to Hygeia Nigeria Ltd, a Nigerian healthcare company. Under an agreement that the two parties signed, Apollo Hospitals would assist Hygeia Nigeria ...
IOC, GSPC sign pact
NEW DELHI, FEB.18.The Indian Oil Corporation, one of the promoters of Petronet LNG Limited (PLL), is tying up sales of re-gassified natural gas from the Dahej terminal which received its first parcel of gas recently. A Gas Sales Agreement has ...
Anti-dumping duties on shrimps
WASHINGTON, FEB. 18.A U.S. trade panel has given its preliminary approval for imposition of anti-dumping duties on shrimp imports from India, a move that could harm the Indian seafood industry. The six-member quasi-judicial International Trade ...
DishnetDSL's e-governance solution
CHENNAI: DishnetDSL has provided an e-governance solution, Reginet, for the Department of Registration, Tamil Nadu. According to V. Srinivasan, Chief Executive Officer of DishnetDSL, this would not only eliminate the cumbersome and ...
Sify teams up with D-Link
MUMBAI: D-Link India has informed the Bombay Stock Exchange that the company and Sify have teamed up to put India onto the global Wi-Fi map. India currently has a larger number of Wi-Fi hotspots (over three times higher than China) and the number ...
Alstom selects IBM solution
CHENNAI: Alstom in India has selected IBM Business Consulting Services to build an on-demand technology infrastructure that will help the company integrate and increase operational efficiency across its multiple business units and diverse ...
Honda Siel pact with IOC
CHENNAI: Honda Siel Power Products has signed an agreement with Indian Oil Corporation to market its portable LPG gensets. The tie-up will enabe HSPP to use IOC's extensive distribution network for the sale of LPG gensets in semi urban and rural ...
Orchid gets European certification
MUMBAI: Orchid Chemicals and Pharmaceuticals has informed the Bombay Stock Exchange that it has been granted the Certificate of Suitability (CoS) by the European Director for the Quality of Medicines (EDQM) for its API product Cefotaxime Sodium. ...
ITCOT report on food processing projects
CHENNAI: Industrial and Technical Consultancy Organisation of Tamil Nadu (joint venture of ICICI, IDBI, IFCI and State level institutions and banks) has brought out a report on opportunities in food processing industry covering 40 project ...
New Director for Concor
CHENNAI: Arun N. Pai has taken over as Director, Finance, Container Corporation. Mr. Pai served in the Railways in various capacities including Director, Finance, Railway Board. He also served as adviser to the Board of Mozambique Ports and ...
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