Automobiles
Light commercial vehicles -- Make or buy question confronts Leyland
ASHOK Leyland Ltd, which has announced its intentions to enter the light commercial vehicles (LCV) sector, is confronted with a key question - whether to make the engines and cabins, or to buy them.
Pricol expanding range
PREMIER Instruments and Controls Ltd (Pricol), Coimbatore, a dominant player in the two-wheeler dash-board instruments and oil pumps market, is expanding its product profile to become an original equipment manufacturer (OEM) for four-wheelers too.
Corporate
Asian Paints jt venture in Bangladesh
MUMBAI: Asian Paints India Ltd is to set up a joint venture unit in Bangladesh in collaboration with Confidence Cement Ltd. Asian Paints will hold 51 per cent equity in the proposed venture.
Pru-ICICI AMC launches portfolio manager services
PRUDENTIAL-ICICI Asset Management Co, the asset managers of Prudential-ICICI Mutual Fund, has launched portfolio manager services (PMS) to offer tailor-made investment solutions based on each client's objective and investment style.
Valspar backs out of deal with Coates Coatings India
VALSPAR Corporation of the US, which was to be the joint venture partner of Coates Coatings India Ltd (CCIL), a wholly-owned subsidiary of Coates of India Ltd, has failed to bring in its share of the capital of Rs 19 crore. Valspar has backed out of the
deal.
Deferment of dues on debentures -- Malanpur Steel plans fresh offer letter
MALANPUR Steel Ltd (MSL), the ailing company currently being referred to the Board for Industrial and Financial Reconstruction following complete erosion in networth, proposes to issue fresh letter of offer to its debentureholders for the deferment of ba
lance instalments due to them amounting to Rs 113.92 crore.
Bengal Chem trims workforce -- No progress on joint venture front
EVEN as the 100-year Bengal Chemicals & Pharmaceuticals Ltd (BCPL), the company set up by the eminent scientist Acharya Prafulla Chandra Ray, searches for a global joint venture partner, it has silently reduced its workforce almost to its desired level.
Financial Performance
Tata Coffee: Not refreshing
DISMAL coffee prices and the pressure in the international markets have taken toll on Tata Coffee (formerly Consolidated Coffee Ltd) in 2000-01.
Gulf Oil net down
profit of Rs 1.24 crore for the year ended March 31 as compared to Rs 1.26 crore last fiscal.
Sundaram Brake net down at Rs 5.32 cr
CHENNAI: Sundaram Brake Linings has reported a lower turnover and net profit for the year ended March 31, 2001.
