Automobiles
LCV sales crash; medium, heavy CVs marginally up
THE commercial vehicle (CV) industry witnessed a mild revival in the medium and heavy vehicles segment during July 2001, with total sales of 6,252 units as compared to 5,917 units recorded in July last year.
Maruti sales improve in July; Hyundai's dip
THE country's largest car maker, Maruti Udyog Ltd, beat the industry growth rate in July by growing about 9 per cent as against the industry's meagre growth of about one per cent, data released today by the Society of Indian Automobile Manufacturers (SIA
M) showed.
Corporate
FICCI, CII to join forces on common interests
THE Federation of Indian Chambers of Commerce and Industry (FICCI) and the Confederation of Indian Industry (CII) -- the country's two major industry bodies -- have decided to collaborate with each other, in the interests of solidarity.
Crisil assigns AAA for Ford India's NCD
Credit Rating Information Services of India Ltd (Crisil) announced on Monday a `AAA (fso)', a triple A foreign structured obligation rating, for the Rs 50-crore non-convertible debenture of Ford India Ltd.
Tata Engg NCDs downgraded
INVESTMENT Information and Credit Rating Agency Ltd (ICRA) has downgraded the rating assigned to the proposed non-convertible debenture (NCD) programme of Rs 256 crore (reduced from the earlier size of Rs 512 crore) and three existing NCD issues aggregat
ing Rs 850 crore of Tata Engineering, from `LAA' to `LAA-', indicating high safety.
Alstom to revamp Indian operations
THE difficulties faced by major power producers to set up large plants in India and the resultant delay is forcing the power equipment suppliers to restructure their businesses in India just to stay around till things change.
Financial Performance
Alstom Power Q2 net rises to Rs 8.10 cr
Alstom Power India Ltd has registered a net profit of Rs 8.10 crore on a turnover of Rs 191.70 crore for the second quarter ending June 2001, according to the unaudited financial results of the company approved by the board on Monday. The previous year f
igures for the same quarter stood at Rs 1.08 crore and Rs 47.92 crore respectively.
PSU
Cement Corpn to revive idle plants -- Takes strategic marketing pact route
CEMENT Corporation of India Ltd (CCI), a sick public sector undertaking referred to BIFR since 1996, is now trying to put back its non-operational plants into operation by entering into strategic alliances with other cement majors in the country.
Burn Standard MD puts in papers
MR I.C. Sinha, Managing Director of Burn Standard Co Ltd (BSCL), an engineering public sector unit, has resigned two years before completing his present four-year tenure.
Tyres
Dunlop suspends work at Sahaganj
THE management of Dunlop India Ltd (DIL), the ailing tyre company which is controlled by the Jumbo group of Mr M.R. Chhabria, has once again issued a ``suspension of work'' order with immediate effect at its Sahaganj factory in West Bengal.
