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Toyota
Kirloskar plans to roll out small car
New Delhi: Toyota Kirloskar Motor Ltd is studying
the feasibility of launching a small car, to compete with
B segment cars like Hyundai Santro and Maruti Zen.
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Essar
Shipping posts Rs 16-cr quarterly net
New
Delhi: Essar Shipping has reported a 13.38 per cent
growth in net profit to Rs 16.36 crore for the quarter-ended
December 31, 2002 as compared to Rs 14.51 crore for the
corresponding quarter in 2001. Total income grew to Rs
122.85 crore from Rs 118.88 crore last year.
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SAIL
chalks out strategy to achieve break-even
Kolkata: The Steel Authority of India Ltd has set
a business strategy for the 2003-04 fiscal, in order to
achieve breakeven in the same fiscal, according to a press
release of the Government-owned steel major.
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Jharkhand
govt likely to assist Nicco Group in incab revival
Jameshedpur: The Jharkhand government is likely
to assist the Nicco Group with a loan of around Rs 60
crore, in case it comes forward to revive the sick and
closed cable major, Incab Industries Ltd.
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Mobile
users stranded in cell-WiLL transit jam
New Delhi: Mobile phone users were on Friday caught
in the crossfire between warring private cellular operators
and public sector telecos, BSNL/MTNL, as services got
disrupted in the Capital.
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Murugappa
Group hikes Godavari Fertilisers stake to 12 per cent
Chennai:
Murugappa Group, through Coromandel Fertilisers (CFL)
and investment arms, is gradually hiking its stake in
Godavari Fertilisers & Chemicals even as it awaits
divestment by the state-owned AP Industrial Development
Corporation (APIDC).
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Tata
Power buys 10 per cent stake in Power Trading
Mumbai: Tata Power has picked up a 10 per cent
stake in Power Trading Corp (PTC) for Rs 10 crore. BSES
is also likely to pick up a similar stake soon. PTC has
offered each company a seat on its board.
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Spectramind
wins $10-m Microsoft BPO deal
Bangalore: Wipro Spectramind, the IT enabled services
arm of Wipro has both good and bad news to dish out. The
goods news is that it is now officially confirmed that
it has won a business-process outsourcing (BPO) deal from
Microsoft, said to be in the region of $10m.
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Airbus,
Boeing submit bids for $2bn A-I order
New Delhi: Locking horns for a major order estimated
at $2bn, Boeing and Airbus have submitted their final
bids for supply of 17 long-range aircraft to Air India.
The deal pits Boeing's B777-200 ER against Airbus' A340-300
version.
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Madison
bags Kotak Mahindra's media biz
Mumbai: Madison Communications has won the Rs 30-crore
Kotak Mahindra's media AOR account. Other agencies that
pitched for the business include Starcom and Mediacom,
The incumbent, Mediacom, had been handling the media account
for the last 15 years and was unavailable for comment.
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Promoters
to sell 30 per cent in Crocodile India
New Delhi: The Indian and foreign promoters of
Crocodile India are offloading a combined 30 per cent
stake in the company to a leading New Delhi-based garment
company, an industry source close to the transaction said.
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Kochi
Refineries to expand capacity
New Delhi: As part of the expansion-cum-modernisation
programme, the Union Minister of Petroleum and Natural
Gas, Ram Naik, has said that the capacity of Kochi Refineries
Ltd will be raised to 10 MMTPA from the present 7.5 MMTPA.
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Reva
to expand product range - Designs car for the handicapped
Mumbai: The country's first electric car manufacturer,
Reva Electric Car Company is all set to leverage its expertise
in the segment and expand its product portfolio aggressively
in the next year and a half.
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ACC
allots 39,600 shares under ESOP
Mumbai: Associated Cement Companies Ltd has allotted
39,600 shares against exercise of stock options granted
to employees under the employees stock option plan (ESOP)
2000.
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GAIL
in pact with EIIL for LPG transportation
New Delhi: GAIL (India) Ltd has entered into an
agreement with Energy Infrastructure (India) Ltd (EIIL)
for transportation of 1,05,000 tonnes of LPG per annum.
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BIFR
moots Radico Khaitan, Abhishek Cements merger
New Delhi: The Board for Industrial and Financial
Reconstruction (BIFR) has sanctioned a Rs 5.4-crore rehabilitation
scheme for the ailing Abhishek Cements Ltd (ACL).
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