Automobiles
Clarification on car export obligations
THE Directorate-General of Foreign Trade (DGFT) has clarified that export obligations incurred by joint venture car manufacturer companies, which are MoU signatories with the Government, for imports made up to March 31, 2001 would have to be fulfilled wi
thin the stipulated period.
Tata Engg set to launch Indica V2 petrol variant
ENTHUSED by the resounding success of the Indica V2, Tata Engineering and Locomotive Company Ltd. will soon launch the petrol version of the V2, sporting more features than the existing Indica petrol car, company officials have said.
PAL testing utility vehicle with Taiwan co tie-up
AFTER stopping production of its famed Premier Padmini, Premier Automobiles Ltd (PAL) has begun test-driving an eight-seater van developed in association with a Taiwanese company.
TVS-Suzuki to expand range
TVS-SUZUKI Ltd. will beef up its product profile in the four-stroke motorcycle market by having at least five vehicles in that segment in the next one year, according to its Chairman, Mr Venu Srinivasan.
Corporate
3 cheers to Triple bottomline reporting
`TRIPLE bottomline reporting' is the latest buzz-word that is slowly finding its way into Ernst & Young's lexicon, an expression that embraces economic performance, environmental impact and social responsibility of corporates.
Shree Cement shelves plans for MNC partner
SHREE Cement Ltd of the B.G. Bangur group has shelved its plans for roping in a multinational cement producer as a strategic partner because all such companies have wanted a complete buy-out.
It's Birlas turn for biotech foray
AFTER the Tatas, the Aditya Birla group is poised to take a foot forward in the field of bio-technology.
BHEL bags orders from sugar sector
NEW DELHI:Bharat Heavy Electricals Ltd (BHEL) has bagged two separate orders for power plant equipment from the sugar industry against stiff competition from multinationals.
Reliance cuts fibre prices
MUMBAI: Reliance Industries Ltd has reduced fibre intermediate prices effective September 1.
Rs 5.09-cr profit `GAAP' for Srei
SREI International Finance Ltd has prepared financial statements for the last fiscal in accordance with US GAAP. The company has complied with all statutory provisions required to be maintained and disclosed under US GAAP.
Action against VR Mathur MD
MUMBAI: The Securities & Exchange Board of India (SEBI) has launched criminal prosecution against the Hyderabad-based VR Mathur Mass Communications Ltd, its promoter and Managing Director Mr V.R. Mathur, merchant bankers to the company's issue ``and othe
r individuals who aided and abetted the managing director of the company''.
Thermax expects 10 pc rise in sales revenue -- Announces ESOP for directors, executives
ENERGY and environment engineering company, Thermax Ltd, on Wednesday said it expected sales revenues to go up 10 per cent this fiscal over last year. The company also announced an employee stock option plan (ESOP) for its senior executives across group
companies and directors other than promoters.
Tata Engg told to revise risk factors in offer document
THE Securities and Exchange Board of India is understood to have asked two Tata group companies Tata Engineering and Tata Investment Corporation to revise the risk factors given in their rights issue offer documents.
Indo Rama hikes prices of fully drawn yarn again
INDO Rama Synthetics (I) Ltd (IRSL), a polyester manufacturer, has again raised the prices of its 70/72 fully drawn yarn (FDY). The latest increase, being the third consecutive one in a span of 45 days, from Rs 80 to Rs 85 per kg, comes at a time when po
lyester prices are ruling firm in both domestic and international markets.
Oswal Chemicals eyes Rs 350-cr cash profit
THE Abhey Oswal-owned fertiliser company, Oswal Chemicals & Fertilisers Ltd (OCFL), has the privilege of being the most recent entrant into the fertiliser sector in the country, having commenced production at its gas-based urea plant in 1995 at Shahjahan
pur, Uttar Pradesh.
Consultant to hunt for Murugappa group chief
THE Chennai-based Murugappa group has decided to mandate a manpower agency to look for a suitable candidate to takeover as the group's Chairman.
Mutual Funds
Restructuring exercise -- GIC MF appoints new CEO
GIC MUTUAL Fund is lining up organisational changes, beginning with the appointment of a new chief executive. It has installed Mr P. Thomas as the CEO, in place of Mr Bimalendu Chakrabarti, who has moved over to United India, the GIC subsidiary.
Pharmaceuticals
Morepen files patent for atorvastatin
NEW DELHI: Morepen Labs has filed for its third international patent on a process for the preparation of the amorphous form of atorvastatin calcium.
