Corporate
Indian Seamless bags ONGC order
PUNE: Indian Seamless Metal Tubes Ltd (ISMT) has bagged an order for casing pipe from Oil and Natural Gas Corporation Ltd (ONGC). According to a press release from the company on Tuesday, ISMT bagged the order despite bidding by big international players
due to its competitive price.
`US-64 is now a baramasi product'
THE Unit Scheme-1964 (US-64) continues to lead Unit Trust of India's (UTI) sales plans during the year as its management has set a sales target of over Rs. 20,000 crores under all schemes during the year.
Formulating business strategy -- Thermax to retain Boston Consulting
THERMAX Ltd, the Rs. 498-crore company that has of late initiated measures to focus on its core competency areas of conserving energy and preserving the environment, has decided to retain the international management consulting firm, Boston Consulting Gr
oup (BCG), to advise the company in formulating strategy, business portfolio and if required, its organisational structure.
Fresh hopes on revival of Travancore Rayons
THE Kerala State-owned Travancore Rayons Ltd (TRL) is on the path of rehabilitation following the emergence of a co-promoter to revive the company.
Macmillan drafting blueprint for takeovers
MACMILLAN India Ltd (MIL) is undertaking an `overall strategic review' that would prepare the blueprint for the company's future path in the areas of acquisition.
BHEL bags Rs 14-cr HFCL order
NEW DELHI: Bharat Heavy Electricals Ltd (BHEL) has bagged a Rs. 14-crore order from Hindustan Fertiliser Corporation Ltd (HFCL), Namrup, for a compressor and drive steam turbine package.
Sunidhi launches online capital market services
SUNIDHI.COM, an e-broking portal promoted by Sunidhi Consultancy Services Ltd, has announced the launch of a complete range of capital market services through its online internet-based trading platform `Tradenet.'
Financial Performance
Plastiblends posts Rs. 1.76-cr net
Plastiblends India Ltd has registered a net profit of Rs. 1.76 crores for the first quarter ended June 30, 2000. This is an increase of 54.38 per cent over the Rs. 1.14-crore profit in the same period last year.
Information Technology
And now annualreportsindia.com
CHENNAI: A vertical portal on annual reports of companies -- www.annualreportsindia.com has been lunched.
ITC Infotech gets CMM-5 certification
ITC Infotech India Ltd, the recently created wholly-owned subsidiary of ITC Ltd, has been certified at Level 5 on the globally-recognised Capability Maturity Model (CMM), a certification framework designed by the Software Engineering Institute of the Car
negie Mellon University, US.
Infrastructure
IDFC bid to insulate projects from eco, social risks
THE trend has started for Indian financial institutions to reduce the environmental and social risks to their investments in developmental projects.
PSU
Disinvestment dept to issue ad for AI
ACTION on the disinvestment of Government holding in Air India (AI) is hotting up with hectic lobbying by corporates, even as the Department of Disinvestment plans to issue advertisements calling for ``expression of interest'' from parties early next wee
k.
Paper/Packaging
150 kraft paper mills in North face closure
KRAFT paper manufacturers of northern India have decided to close down more than 150 mills producing about 3,500 tonnes of kraft paper per day from September 11 this year, following the difficulties faced by them on account of increase in input costs and
the downward trend in the prices during the last couple of months.
Steel
Indigenisation of speciality steel -- Group soon to recommend strategies
THE Steel Ministry will shortly set up a group to recommend strategies for domestically manufacturing certain grades of speciality steel that are currently not produced in India but are being imported into the country, according to Mr. A. K. Agarwal, Sec
retary, Ministry of Steel.
