The Hindu : Business News : Wednesday, July 21, 2004

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Wednesday, July 21, 2004

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Lodha chairs Birla Corporation board meeting
KOLKATA, JULY 20.Rajendra Singh Lodha, now at the centre of controversy over the Will of the late Priyamvada Birla, today chaired the board meeting of the M. P.Birla group's flagship, Birla Corporation Ltd. The board meeting was held at a city ...

The Will of Priyamvada Birla
KOLKATA, JULY 20.The Will of Priyamvada Birla, the 77-year-old widow of the late M. P. Birla, who died on July 3, set the cat among the pigeons in the Birla family once it was read out at the official residence at Birla Park on July ...

ABB to invevst Rs. 80 crores
BANGALORE, JULY 20.ABB Limited plans to invest Rs. 80 crores on capacity and business expansion this calendar year, Ravi Uppal, Vice Chairman and Managing Director, said here on today. For the three months ended June 30, 2004, this subsidiary ...

HPL board to induct Godrej, Tata
KOLKATA, JULY 20.Jamshyd Godrej and Ratan Tata are slated to join the board of Haldia Petrochemicals Ltd. (HPL), a joint sector company. The HPL Chairman, Tarun Das, said here today at a press meet that they would act as independent directors. ...

Other Stories

Market snaps three session gaining streak

Rupee ends lower

Canara Bank net profit up 32 p.c.

Tecumseh to roll out rotary compressors

Qantas to resume Mumbai-Sydney service

Jindal acquires plant in Indonesia

Barometer

Exchange rates

Bullion rates

Briefly
BPCL's $107.5 m syndicated loan
MUMBAI, JULY 20. Bharat Petroleum Corporation Ltd (BPCL) has raised $107.5 million in the international markets through a five year syndicated loan transaction. The external commercial borrowing deal, which was jointly arranged by BA Asia, BNP ...

Avesthagen pact with Finland firm
BANGALORE, JULY 20. Biotech firm Avesthagen today said it had signed an agreement with Finland's Raisio group to market Raisio's top-selling product, Benecol in India. Benecol is a plant-derived product, which in 40 separate clinical trials ...

Hitachi plans subsidiary
NEW DELHI, JULY 20.Hitachi Data Systems (HDS) will set up a wholly-owned subsidiary in India, following a government approval. HDS, which had been functioning through a branch office in India since 2000, would be 100 per cent owned by Hitachi ...

Grasim's Italian suiting range
NEW DELHI, JULY 20. Grasim Suiting, a part of the Aditya Birla group, today unveiled the Italian suiting range under the brand Venetia in the premium category. Available in the Rs. 4,500-5,000 range, Ventia will initially be launched in seven ...

Sony-BMG merger gets EU nod
BERLIN, JULY 20. The European Union has approved the merger of Sony Music and Bertelsmann AG's BMG unit in a deal that gives the four `majors' control of about 80 per cent of the world music market, a Bertelsmann spokesman said. "The merger was ...

Special counters for filing IT returns
COIMBATORE: Special return receipt counters will function at the Income-tax Office, Race Course Road, Coimbatore, from July 28 to 30 from 10 a.m. to 5 p.m. to facilitate filing of returns of income by salaried assessees. According to a release, ...

Special financial package sought
COIMBATORE: The Coimbatore MP, K. Subbarayan, has sought a "special financial package" for Tirupur. In a memorandum to the Prime Minister, Manmohan Singh, he said apart from knitwear exporting units, powerloom, handloom, processing units and ...

L&T wins $53 m UAE contract
MUMBAI: Engineering and construction major, Larsen & Toubro, has won a $52.5 million contract from the UAE-based Bunduq Company Ltd for a process platform in an oil field in the Gulf. L&T will engineer, procure, construct and install the platform ...

M&M forays into Kuwait
CHENNAI: Mahindra and Mahindra has announced its foray into Kuwait. The company has partnered Naser Al-Sayer group, one of the oldest and leading trading and car import companies in Kuwait. The Scorpio model, launched at an exclusive showroom of ...

IOB bond issue subscribed
CHENNAI: The Rs. 200 crore Tier-II bond issue floated by Indian Overseas Bank closed on July 20 upon full subscription, according to a bank notification to the Bombay Stock Exchange. The bonds were issued on a private placement basis. The issue ...

Other Stories

Orient Fans's export effort

AirTel's offer in U.P. (W), Uttaranchal

Indo Asian Fusegear eyes Britain

Automobile dealers seek lower excise

New scooterette from Bajaj stable

Sudhakar Plastics' new range of pipes

Online railway ticket booking facility

Talent programme for school kids

Award for woman entrepreneur

Tata Tele to invest Rs. 417 crores

LogicaCMG bags AML contract

Tanishq's new offer

Invensys sets up development centre

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