Automobiles
TVS Motor seeks early end to licence pact with Suzuki
TVS Motor Co Ltd (previously TVS-Suzuki Ltd) has sought an early end to its licence agreement with Suzuki Motor Corporation, Japan.
Ashok Leyland clarification
With regard to the news report `Amol Sandil quits Ashok Leyland' published on December 28, it is clarified that Mr Amol Sandil joined Ashok Leyland in July 1996 and took over as its Executive Director (Marketing) in 1997. Previously, he was with DCM Toyo
ta, India, and not as published.
Consumer Electronics
Production of super flat picture tubes -- Samtel's new venture unit to go on stream soon
COLOUR picture tube manufacturer Samtel Color Ltd will start manufacturing super flat colour picture tubes from a green field site near Delhi starting January end, company sources said on Friday.
Corporate
President okays Companies Bill
THE President has given his assent to the Companies (Third Amendment) Bill, 2001. With this, the Bill has been notified in the Gazette of India as Act No. 57 of 2001.
India comes under Tupperware orbit
FLORIDA-headquartered Tupperware Corporation, the world's largest direct sellers of premium food-grade storage, preparation and serving containers, has identified India, China and Indonesia as emerging markets that have great potential.
Hatsun Agro merger with Ajith cleared
THE Madras High Court has approved the merger proposal of Hatsun Agro Product Ltd and its subsidiary Ajith Dairy Industries Ltd, according to information provided by Hatsun to the stock exchanges.
Panel on accounting standards to meet in Mumbai
THE 12-member National Advisory Committee on Accounting Standards (NACAS) is to meet in Mumbai on January 5 under the Chairmanship of Mr Y.H. Malegam, Chartered Accountant, according to a member of the committee.
Mutual Funds
SBI MF launches new children's benefit plan
SBI Mutual Fund today introduced the `Magnum Children's Benefit Plan', an open-ended scheme targeted at ``securing the future of children".
UTI set to launch new schemes
THE Unit Trust of India (UTI) Chairman, Mr M. Damodaran, has said here that the trust would launch new schemes in the first quarter of the next fiscal. He said the country's largest mutual fund has already filed offer documents for new schemes with SEBI.
PSU
NGEF privatisation plan runs aground again
YET another privatisation effort for the jinxed State undertaking, NGEF, has run into rough weather with Siemens and another key contender withdrawing from the race at the last minute. The ailing company has also received low offers for its disposable as
sets.
Jessop staff stir against privatisation
EMPLOYEES of Jessop and Company observed a day's strike on Friday to protest privatisation of the BIFR-listed engineering company. The strike call was given by the Joint Forum of Unions & Associations of Jessop.
Paper/Packaging
Advertise for change at Khaitan Paper, IDBI told
THE Board for Industrial & Financial Reconstruction (BIFR) has directed the Industrial Development Bank of India (IDBI) to advertise for change of guard for Khaitan Paper Machines Ltd.
Pharmaceuticals
Max India acquires 85 pc stake in healthcare services company
MAX India Ltd (MIL) today announced that it has acquired an 85 per cent stake in MMK Ltd., a company which will provide consultancy, specialised medical and non-medical services as well as equipment to the healthcare sector.
