Automobiles
New 110cc bike from LML stable
LML Ltd, the Kanpur-based two-wheeler manufacturer, is planning to launch a 110cc motorcycle later this month. The new bike, the third from the company's technical collaborator, Daelim Motors of Korea, is expected to take on competition from the Bajaj Ca
liber, Croma, the Hero Honda Passion and the Yamaha CruxR.
Corporate
High aluminium price hits extrusion units
ALTHOUGH Jindal Aluminium Ltd's decision to close down its factory in Bangalore late this month is yet to evoke any reaction from the Government, there is uncertainty among the extrusion units regarding the price of the primary metal of aluminium used by
them.
ONGC chief feted
THE Chairman and Managing Director of ONGC, Mr Subir Raha, has been conferred with the `Distinguished Fellow' award by the Institute of Directors (IOD).
BIFR's winding-up order -- NCL Seccolor told to submit revised plan
THE Appellate Authority for Industrial and Financial Reconstruction (AAIFR) has directed NCL Seccolor Ltd (NCLSL) to submit a revised rehabilitation proposal for settlement of secured creditors covering the entire principal loan and 20 per cent of the si
mple interest dues.
Environment
SC bails out hydel plants
HYDEL power generating industries could not be asked to pay pollution levy by a Government order without Parliament including them within the purview of Water (prevention and control of pollution) Cess Act, 1977, the Supreme Court has ruled.
Pharmaceuticals
Glenmark takes aim at US markets
GLENMARK Pharmaceuticals Ltd is one of the fastest growing companies in the Rs 20,000-crore Indian pharma industry with presence in therapeutic areas such as dermatology and cough medications. Since its initial public offering (IPO) in December 1999, the
company has been aggressively expanding its presence in speciality segments -- mainly in diabetes, gynaecology, paediatrics and internal medicines.
Telecommunications
Early end to VSNL monopoly likely to cost Rs 3,000 cr
THE likely losses to Videsh Sanchar Nigam Ltd (VSNL) on account of termination of its monopoly on international voice services two years ahead of schedule (by end-March 2002 instead of end-March 2004) has been pegged at nearly Rs 3,000 crore.
