The Rs 3,244-crore home appliances
major, Videocon International Ltd, has shelved plans for setting
up a $100 million (Rs 480 crore) unit in Russia to manufacture
coloured glass shells for televisions.
The promoters of medium and
small shipping companies in India may find it prudent to buy
back their company’s shares and opt for delisting from the bourses.
RPG Group controlled tyre major
Ceat India has chalked out a unique strategy to expand its capacity
in two- and three-wheeler tyres. The company has signed a memorandum
of understanding with Hyderabad-based Ace Tyres, formerly Excel
Tyres, to market its entire production at a pre-determined price.
Morepen Laboratories is close
to signing a joint venture agreement with a US-based generic
marketing company for enhancing its presence in that market.
