Coal
Singareni Collieries pares losses by 40 pc -- Targets 32 mt output
SINGARENI Collieries Company Ltd - a State-owned enterprise - after a resurgent performance in fiscal 1999-2000 which helped it bring down accumulated losses from Rs 1,005 crore to Rs 648 crores, has projected a production target of 31.67 million tonnes
for 2000-2001.
Corporate
Dabur hopes to double turnover
DABUR India Ltd, having clocked a turnover of Rs 1,042 crore for 1999-2000, hopes to double its turnover in four years' time.
Web site on ESOP launched
TO create an awareness about the concept of Employee Stock Option Plan (ESOP), a Web site -www.esopdirect.com- has been launched by the Pune-based K&P Capital Services (KPCS).
Transitions Optical subsidiary
BANGALORE: Transitions Optical Inc, the world's leading manufacturer of variable tint optics (VTO lenses), on Wednesday announced the setting up of a wholly-owned subsidiary in India with an initial investment of $2 million.
BPL launches PRO FX range in Mumbai
MUMBAI: BPL Ltd, on Wednesday, announced the launch of a high-end audio entertainment brand, PRO FX in Mumbai, where it has set up its second exclusive PRO FX outlet.
HC okays demerger of Novartis agribusiness
MUMBAI: The Bombay High Court on Wednesday approved the demerger of Novartis India's agribusiness, comprising crop protection chemicals and seeds business into a separate company, Novartis Agribusiness India Pvt Ltd.
FAG Bearings to launch rupee-based portal
FAG Bearings India Ltd, controlled by FAG Kugelfischer George Schafer & Co KGaA, has decided to launch a rupee-based transaction portal.
Information Technology
Geekay Imaging to raise Rs 4.7 cr through IPO
GEEKAY Imaging Ltd, a Bangalore-based software company, has announced its initial public offering of 23,50,000 equity shares of Rs 10 each at a premium of Rs 10 per share.
Steel
Steel Ministry okays RINL expansion plan
EVEN as the Centre is still undecided over the proposal for disinvestment in Rashtriya Ispat Nigam Ltd (RINL), the Ministry of Steel has given the nod to the steel major for setting in motion its 1.5-million tonne expansion programme by starting work on
the fourth coke oven battery.
Stocks
Indo Rama Synthetics to delist from 2 bourses
POLYSTER fibre and yarn manufacturer, Indo Rama Synthetics (I) Ltd., (IRSL), will seek shareholders' nod at the forthcoming Annual General Meeting (AGM) of the company on September 22 for delisting the shares of the company from the Ahmedabad and Calcutt
a stock exchanges.
