The Hindu : Business News : Wednesday, April 07, 2004

Online edition of India's National Newspaper
Wednesday, April 07, 2004

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GDP to grow at 6.4 p.c.
NEW DELHI, APRIL 6. Two independent economic think tanks today came out with projections that economic growth in 2004-05 would be in the region of 6.4 per cent, much below the Government's projection of 8 per cent plus growth in the current ...

Economic fundamentals to remain buoyant — Crisil
MUMBAI, APRIL 6. India's economic fundamentals are likely to remain buoyant in 2004-05 according to Crisil's analysis of its rating trends. Crisil is a leading rating agency in India and its rating trends have over the years, been lead indicators ...

Gujarat Govt. to get 5 p.c. stake in Petronet
NEW DELHI, APRIL 6. The Gujarat Government will be given 5 per cent shareholding in Petronet LNG Limited (PLL), the joint sector company involved in setting up the country's first liquefied natural gas importing terminal. The request for a 5 per ...

Rise in GSM subscribers
NEW DELHI, APRIL 6. With 15 lakh subscribers becoming part of the GSM mobile network in March this year, the total number of subscribers have gone up to over 2.6 crores, said an official release issued by the Cellular Operators Association of ...

Other Stories

Sensex snaps four-session gaining streak

Rupee loses ground

MRO-TEK's new brand identity

Tata Steel's expansion drive

Wipro's utilities practice gears for consulting

Zee among 34 FDI proposals cleared

Barometer

Exchange rates

Bullion rates

Stock Market Index

Briefly
Datamatics fixes price band
MUMBAI, APRIL 6.Business process outsourcing major Datamatics Technologies has fixed a price band of Rs. 101-110 per share for its initial public offering, which opens on April 12 and closes on April 19. "The offer comprises fresh issue of 85 ...

Kuoni Travel buys Resnet
MUMBAI, APRIL 6. As part of its strategy to enter the Internet business, Kuoni Travel (India) Pvt. Ltd. has acquired Resnet from Traveljini.com, an investee company of ICICI Venture, for an undisclosed sum. "We are convinced that IT will ...

Lupin launches Suprax in U.S.
MUMBAI, APRIL 6.Lupin launched its anti-infective product, Suprax, (cefixime Oral Suspension) in the US. The newly established 50 paediatric salesforce of the company's subsidiary, Lupin Pharmaceuticals Inc. (LPI), has begun detailing Suprax. The ...

Alembic to invest $3.6 m in Xechem
MUMBAI, APRIL 6.Alembic will invest $3.6 million in the U.S.-based research company, Xechem International, as part of an agreement with the latter to work together for manufacture and distribution of a product for sickle cell disease (SCD), a ...

Mercedes-Benz sales up 40 p.c.
PUNE: DymlerChrysler India has increased its Mercedes-Benz passenger cars to 534 units in the first quarter of 2004 from 385 units in the same period in 2003, a growth of 40 per cent. The increase in sales volume was witnessed in all the ...

Rockford ties up with Digimax
MUMBAI: Rockford Corporation, the largest company for mobile audio amplifiers and second largest for mobile audio speakers in the U.S., is entering the Indian market through a tie-up with Digimax India Inc. Rockford designs, manufactures and ...

ICRA assigns "MAAA" rating for LGF NCDs
CHENNAI: Premier rating agency ICRA has awarded the highest rating of "MAAA" (indicating "highest safety") for additional Rs. 100 crore non-convertible debenture programme of Lakshmi General Finance (LGF). The earlier NCDs of LGC to the tune of ...

Symphony launches 'hicool'
CHENNAI: Symphony has launched a new model of air-cooler `hicool'. The new product can cool rooms of up to 250 sq. ft. The Chairman and Managing Director of the company, Achal Bakeri, said the company had recorded a revenue of Rs. 50 crores last ...

Essar Steel sales up
MUMBAI: Essar Steel has ended the current fiscal with a higher production and sales. Sales grew in volume terms by 11 per cent to 1.91 million tonnes for the year ended March 31, 2004 against 1.72 million tonnes in the previous year. While ...

Syndicate Bank registers 40 p.c. growth
THIRUVANANTHAPURAM: The total business of the Syndicate Bank has crossed Rs. 62,000 crores as on March 31, 2004, according to the Chairman and Managing Director of the bank, Michael Bastian. Addressing a press conference here on Tuesday, Mr. ...

Centurion Bank cuts deposit rates
NEW DELHI: Centurion Bank has cut the fixed deposits rates by 0.25 per cent, considering easy liquidity situation and soft interest rate regime. The bank revised its term deposits for 7-30 days to 4.25 per cent, while pegging it at 4.5 per cent ...

Intas unveils intravenous itraconazole
NEW DELHI: Intas Biotechnology, the biotech arm of Intas Pharmaceuticals, announced on Tuesday the launch of `Itaspor (Itraconazole intravenous)', a broadspectrum anti-fungal with lower toxicity. ``Itraconazole is a broad spectrum triazole being ...

Record turnover by BHEL, Hyderabad
HYDERABAD: The Ramachandrapuram unit (Hyderabad) of Bharat Heavy Electricals Ltd. (BHEL) has registered a record turnover of Rs. 1,755 crores for the year ended March 31, 2004, showing a 27 per cent growth over the previous year. Exports were ...

Liners India to set up facility
HYDERABAD: Liners India plans to set up a Rs. 10 crore facility in Chennai for manufacturing centrifugally cast automotive cylinder liners and shell moulded air-cooled cylinder barrels. The EOU facility, will go on stream in 2005 to export to ...

Kenexa completes Oramasters acquisition
HYDERABAD: The $50 million Kenexa, a leading company in human resource management solutions, announced the completion of acquisition process of the Hyderabad based Oramasters. Rama Velpuri, former Executive Director of Oracle in India, and Chief ...

Faber India launches new campaign
BANGALORE: Faber-India, kitchen chimney company, launched its new campaign," Faber Mom, Cool Mom", with the former Miss India Shonal Rawat as its brand ambassador, here on Tuesday. Prahlad Bhutada, Managing Director, Faber India, told ...

Barista launches 'Brewards'
BANGALORE: Barista, the speciality coffee bar chain, has launched a loyalty programme `Brewards' with regular customers issued a smart card which they can use for discounts. The Coffee Card will offer flat discounts of 12.5 per cent for ...

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