Automobiles
Honda launches two variants of City
HONDA Siel Cars India Ltd (HSCIL) has launched two new variants of its passenger car model - the Honda City. While one of the variants, the Honda City VTEC, will feature Honda's famous VTEC engine, the other variant, the Honda City 1.5 EXi-S, is an plush
, luxurious version of the current City.
MUL board takes stock
The board of directors of Maruti Udyog Ltd (MUL) met here on Monday to discuss the company's performance after the price cuts in Maruti 800, the Omni and the Wagon-R in June this year. According to sources, the board also considered the launch schedule
for the Suzuki Alto and the possible price and sales target for the car.
MRTPC dismisses petition against Eicher Motors
THE Monopolies and Restrictive Trade Practices Commission (MRTPC) has dismissed a petition moved against Eicher Motors Ltd (EML) alleging unfair trade practices (UTP).
Corporate
Norms on consolidation of group co accounts not now -- ICAI seeks changes in Act
THE Institute of Chartered Accountants of India (ICAI) has decided to defer deliberations on the proposed accounting standard (AS) on consolidation of group company accounts.
Catching the entrepreneurs young
SO far, the idea of incubation has been mostly identified with the information technology sector. Now, the Chennai-based Shriram Group is trying a concept similar to incubation called `product management youngster concept', in the financial sector.
Defunct cos: DCA makes norms tougher
COMPANIES will hereafter have to file all balance sheets and profit and loss accounts pertaining to all the years of their existence before taking up action under Section 560 (power of registrar to strike defunct companies off the register) of the Compan
ies Act.
Sterlite bags $75-million export order
STERLITE has received an export order worth $75 millions for the supply of optical fibre and optical fibre cables.
Rs 60 cr to be invested in Mettur complex
CHEMPLAST Sanmar Ltd proposes to invest Rs. 60 crores in its Mettur complex, for putting up a oxychlorination plant and expansion of its PVC paste facility.
Rediff to provide content to BSES portal
REDIFF.com India Ltd on Tuesday signed an agreement to provide content to BSES TeleCom Ltd's portal, `powersurfer.net'.
Sanmar delinks operational control -- MDs appointed for each corporation
THE Chennai-based Sanmar group on Tuesday announced that it had separated the ownership of the group from the operational management and that it had re-entered the new economy area.
Cap on auditors relaxed for CLSS 2000
THE Department of Company Affairs (DCA) has relaxed the 20-companies limit for auditors for the Company Law Settlement Scheme 2000 (CLSS).
Man Industries bags IOC pipeline project
MAN Industries (I) Ltd has bagged the 58-km Mathura-Tundla pipeline project of Indian Oil Corporation to manufacture and supply longitudinal saw pipes for the project.
Engineering
Shriram Group consolidating engineering project cos
THE Chennai-based Shriram Group is in the process of consolidating five of its engineering project companies (EPC) to enable synergy of expertise. The bidding for engineering project contracts will be undertaken under the banner `Shriram EPC.'
Policy
Royalty rates for minerals raised
THE Government has revised the rates of royalty for certain major minerals other than coal,lignite and sand for stowing. This move is likely to increase the royalty accruals for major mineral producing states by about 21.25 per cent.
Telecommunications
Newtech Stewing Telecom out of BIFR purview
NEWTECH Stewing Telecom Ltd has been discharged from the purview of the Board for Industrial and Financial Reconstruction (BIFR), subject to recompensation of ICICI as per the scheme.
