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Thursday, October 23, 2003
Industry welcomes Companies Bill recall
NEW DELHI, OCT. 22.Welcoming the Government's decision to withdraw the Companies (Amendment) Bill 2003, industry chambers today asked it to suitably amend Clause 49 of the listing agreement, saying proposals contained in this were detrimental to ...
Sluggish growth in infrastructure sector
NEW DELHI, OCT. 22.Infrastructure growth remained sluggish in the first six months of the current fiscal (April to September) at 4.2 per cent as against 6.5 per cent last year despite a better performance by the petroleum refinery sector. Among ...
Suzuki, GM initiative on fuel cell cars
TOKYO, OCT. 22.Suzuki Motor Corporation (SMC) has declared that it will collaborate with its Indian subsidiary Maruti Udyog Ltd. (MUL) to develop small cars not just for the sub-continent but also for the global markets. Indicating this to ...
ACC bucks trend, H1 net up
MUMBAI, OCT. 22.The Associated Cement Companies (ACC) recorded a net profit of Rs. 72.02 crores for the half year ended September 30, 2003, up by 189 per cent compared to Rs. 24.96 crores in the corresponding period of last fiscal. Sales volume ...
Tata Motors to buy Daewoo's CV business
MUMBAI, OCT. 22.Tata Motors has been intimated today that it has been selected as the `preferred bidder' for acquiring Daewoo Commercial Vehicle Company Ltd. (DWCV) Korea. The `preferred bidder' status would require it to enter into a memorandum ...
Stocks dip from intra-day highs
MUMBAI, OCT. 22. Reeling under late sell-off by local mutual funds, stocks dropped sharply from the intra-day highs and the Sensex ended in the negative territory, extending its losses to straight third session in volatile trading on the Bombay ...
SBI to set up IT subsidiary
THIRUVANANTHAPURAM, OCT. 22. State Bank of India proposes to set up an IT subsidiary with a major Indian IT company as its partner, the bank's Chairman, A. K. Purwar, has said. Addressing a press conference here yesterday, Mr. Purwar said the ...
Dabur arm ties up with Abbott Lab
NEW DELHI: Dabur Oncology plc, a U.K.-based subsidiary of Dabur India, on Wednesday announced a strategic alliance with the U.S. pharma major Abbott Laboratories for marketing generic oncology products in the U.S. Under the terms of agreement, ...
Planters welcome sops
COIMBATORE: The Planters Association of Tamil Nadu (PAT) has welcomed the package of concessions announced by the Central Government for the plantation sector as `very timely'. In a release, C. Sankaranarayanan, its Advisor, said however the ...
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