Automobiles
Kinetic eyes competitive edge with cost cutting
THE Kinetic group is putting in place a cost-cutting programme to ensure competitiveness. It may also look at collaborations with Chinese companies for components in the long term.
GF rides away with honours
PUNE: Automobile magazine Auto Motor & Sport has rated Kinetic's GF motorcycle as the best bike in the performance bike segment. The conclusion was based on detailed tests conducted by the magazine's team on Hero Honda CBZ, Suzuki Fiero and Kinetic GF, a
ccording to an official release from Kinetic Engineering Ltd.
New Holland wheels into lower HP segment
AS part of its efforts to participate in the largest segment of the tractor market, New Holland Tractors (India) Pvt Ltd is planning to launch a 35-horse power tractor next year, a top company official has said.
Cement
Move to boost liquidity of stock -- Shiva Cement to go in for stock split, bonus
THE Rourkela-based Shiva Cement Ltd has proposed a stock split and a 1:2 bonus issue. The proposal, the management feels, will shore up the company's financials and satisfy a long-standing demand from the ordinary shareholders.
Corporate
HLL meet clears hike in FII cap, bonus debentures
NOTWITHSTANDING their apprehensions, the shareholders of Hindustan Lever Ltd (HLL) - the company with the highest market capitalisation in India - today approved an increase in the ceiling of FII (foreign institutional investor) equity holding in HLL to
49 per cent.
HLL board okays transfer of seed business
THE board of directors of Hindustan Lever Ltd (HLL) on Wednesday approved the transfer of its seed business to its subsidiary, Paras Extra Growth Seeds Ltd.
Haldia Petro shuts plant; may resume tomorrow
THE mother naphtha cracker unit (NCU) at the joint venture Haldia Petrochemicals Ltd (HPL), which was shut down owing to some mechanical faults, is expected to resume production shortly.
Secretarial standard on board meetings
THE Institute of Company Secretaries of India (ICSI) has formulated a Secretarial Standard on meetings of board of directors as part of its efforts to improve the efficacy of corporate governance. This is the first secretarial standard that ICSI has form
ulated in its overall efforts to integrate, harmonise and standardise diverse secretarial practices.
Reliance non-committal on Dabhol unit bid
RELIANCE Power Ltd appears to be non-committal regarding a separate bid for the Dabhol Power unit (DPC) despite the fact that BSES, in which Reliance holds a substantial stake, has already expressed an interest in DPC.
Vikram Amin is Essar Steel ED
THE Essar Steel Ltd (ESL) has appointed Mr Vikram Amin as its new Executive Director.
Birla Electricals, Italian co in marketing pact
BIRLA Electricals Ltd on Wednesday said it has tied up with DeLonghi of Italy to launch consumer home appliances such as heaters and kitchen appliances in the country.
Reuters market data over Net for Indians abroad
REUTERS India Online SA (ROSA), a Swiss entity of the Reuters Group, is planning to introduce Reuters Market Monitor Services (RMM) for Indian subscribers from outside India directly through the Internet.
Information Technology
Bangalore to host meet on cyber laws
THE 29th national convention of company secretaries on `Developments in corporate and cyber laws — International perspective' will be held in Bangalore on December 13 and 15 to deliberate, ascertain and evaluate the directions and magnitude of deve
lopments in corporate and cyber laws and their desired orientation in the corporate sector.
Pharmaceuticals
Dr Reddy's joint venture to make India processing hub
PATHNET India Pvt Ltd (PIPL) - a diagnostic joint venture company between Australia-based Gribbles Group Ltd (GGL) and Dr Reddy's Laboratories (DRL) - is exploring the potential of making India a data processing hub for its international operations.
