The Hindu Business Line : Friday, March 14, 2003

The Park hotel to add 100 rooms, spend Rs 110 cr
A YEAR since its launch as Chennai's first designer boutique hotel, The Park will be completing its offering with a nightclub, a restaurant, a spa, a swimming pool and another 100 rooms. Mr V.V.Giri, General Manager, The Park, said the total ... More

Rourkela bid to cut time on ERW project
THE top brass of the Rourkela Steel Plant (RSP) has mounted efforts to reduce the two-month delay that has crept into the upgradation of the electric resistance welded (ERW) pipe project. The project, which would enable RSP to recapture the ... More

ACCIDENTS

Dunlop's sales building gutted
A FIRE broke out at the sales and marketing office of Dunlop India Ltd in the early hours of Thursday, reducing the building and its adjoining godown to rubble ash. The office was located in one of the premier localities of the city, very near ... More

ANNOUNCEMENTS

India to be made hub for Chiron export
Chiron's operations in India include two joint ventures, one with Aventis Pharma and the other with Panacea Biotec. More

BHEL bags order from M.P.
NEW DELHI: Bharat Heavy Electricals Ltd (BHEL) has bagged a Rs 1,589-crore order from Madhya Pradesh State Electricity Board (MPSEB) to set up a 600 MW thermal unit at Barsinghpur. The contract envisages design, manufacture, supply, ... More

Viceroy board okays debt swap

CORPORATE DISPUTES

Talks over limited mobility draw blank
TALKS between the cellular and basic phone operators over the contentious limited mobility issue, which took place here on Thursday at the initiative of the Government, failed with both sides sticking to their guns. The matter is to be taken up ... More

CORPORATE BONDS

Offer to turn US-64 into bonds opens tomorrow
THE option to holders of US-64 certificates to convert their holdings into tax-free bonds in lieu of the units would be on offer from March 15. However, the bonds will be issued in May. The bonds would bear an interest rate of 6.75 per cent and ... More

Nabard Capital Gains Bonds

MERGERS & ACQUISITIONS

Grasim has no hold over L&T: Bajpai
"SEBI's investigations into Grasim's acquisition of 10.05 per cent stake in Larsen & Toubro are complete; Grasim holds no management control in L&T." This came straight from the horse's mouth today. Mr G.N. Bajpai, Chairman of SEBI, himself ... More

Visaka Ind MD to consolidate personal holdings
DR G. Vivekanand, promoter and Managing Director of Visaka Industries Ltd, is to further consolidate his personal holdings by acquiring shares from his relatives. At present, Dr Vivekanand holds 47,03,320 equity shares of Rs 10 each, ... More

OUTLOOK

SAIL expects to touch 10 mt output
STEEL Authority of India Ltd (SAIL) expects to touch a record annual production of 10 million tonnes of saleable steel in the current financial year, bypassing the previous best of 9.5 million registered in 2001-02. According to a press ... More

Hughes sees flat trend in pricing
TELECOM software services and products company Hughes Software Services Ltd does not expect a rise in pricing in the next financial year. "I do not see much uptick in rates", its President and Managing Director, Mr Arun Kumar, says. However, ... More

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