The Hindu Business Line : Thursday, January 24, 2002

Australian co plans car unit in AP
HOLDEN Company of Australia, promoted by US-based General Motors, plans to set up a 600 to 700 cc car assembly unit here. It is currently holding discussions with a city-based industrial group in this regard. A MoU pertaining to the joint ... More

HPCL defers Q3 results
THE board of Hindustan Petroleum Corporation Ltd (HPCL) which met today, deferred announcing its third-quarter results. In a notice to stock exchanges, the company said "accounts for the third-quarter ended December 31, 2001, that was to be ... More

Mangalore Chem training programme

Esab Thai closure

MERGERS & ACQUISITIONS

BG offers $350 m for Enron's Indian oil, gas assets
BG India on Wednesday said its parent, BG Group Plc, had agreed to purchase the entire share capital of Enron Oil and Gas India Ltd (EOGIL) for $350 million from Enron Corp of the US. The consideration is $38 million less than the previously ... More

NEW PROJECTS

Parle Agro mulls product expansion
THE Rs 300-crore Parle Agro Private Ltd is looking at product expansion in its various business segments to sustain growth in a sluggish market. Having entered the dairy segment with its Alphonso mango and milk offering, `N-Joi', Parle Agro is ... More

TCS to expand Hyderabad operations; recruit more
TATA Consultancy Services, the country's largest IT services enterprise, is expanding its Hyderabad operations by moving over to a new facility while creating its own modern technology campus at Madhapur. The new centre, a 30,000 sq ft ... More

ALLIANCES & JOINT VENTURES

UB forges pact with S&N; plans strategic buys
THE United Breweries (UB) group, India's number one brewer, on Wednesday announced its intentions to forge a strategic alliance with the UK-based Scottish & Newcastle (S&N). S&N, a leading European brewer and among the ten top brewers in the ... More

UB banks on S&N's retail clout
THE Edinburgh-based Scottish & Newcastle (S&N), a perennial underdog, often ends up winning. And today was no different as United Breweries (UB) finally chose S&N as its minority partner in the beer business. A fortnight back, the Belgian major ... More

Sony India, Milestone launch PlayStation
SONY India Pvt Ltd announced a tie-up with Milestone Interactive Software Ltd on the eve of the launch of `PlayStation', a videogame console brand in India. Milestone will provide software expertise for the PlayStation. The hardware part will ... More

UK Govt grants for overseas tie-ups
THE UK Government's offer to give grants to British firms interested in forming joint ventures with companies in identified developing markets could result in many Indo-UK joint ventures in the agri-business and automotive sectors, Mrs Philippa ... More

Panalpina ties up with Safexpress, Miebach
PANALPINA World Transport India Pvt Ltd, provider of forwarding and logistics services, has entered into a strategic alliance with the logistic company, Safexpress and the SCM consultants, Miebach consulting group in India, to form a cargo ... More

Hindustan Syringes ties up with UK co for auto-disposables
The launch of auto-disposable syringes is significant given that the Union Health Ministry is believed to have initiated work on formulating a policy for safe injection practices. More

Geometric Software pact with Dassault
GEOMETRIC Software Solutions Ltd on Wednesday announced setting up of a joint-venture company — 3d PLM Software Solutions — with Dassault Systems (DS), a Nasdaq-listed French multinational for software development for the DS group of ... More

HDFC insurance tie-up with US co
HOUSING Development Finance Corporation Ltd (HDFC) is to set up a joint venture company with the US-based Chubb Global Financial Services Corporation for the business of general insurance, subject to the Insurance Regulatory and Development ... More

Course in forex management
BANGALORE: ICFAI Business School and Union Bank of India Staff College have struck an alliance to launch a series of management development programmes for working executives and entrepreneurs. As a first step, the alliance started a ... More

Dolphins Tech to source garments for US firm
THE Chennai-based Dolphins Technologies, a partnership firm, has tied up with Home Source International Inc of USA and Hayton International Pte of Singapore, for sourcing garments for them. Initially, Dolphins would source garments, if ... More

ICRA signs MoU with Kuwait rating agency
ICRA Ltd has signed a memorandum of understanding with the Kuwait-based Credit Rating and Collection (CRC) to provide credit rating services in Kuwait. The MoU was signed by Mr Mishari Zaid Al-Khalid, Chairman, CRC, and Mr P.K. Chowdhury, ... More

EVENTS

Xerox India move to change image document
ESSENTIALLY a marketing effort, Xerox India will open its event Docuworld India 2002 in Mumbai on Thursday with a keynote address by futurologist Mr Alvin Toffler who is the author of global bestsellers such as `Future Shock', `The Third Wave', ... More

OUTLOOK

Shipping Corpn to focus on crude oil transportation
THE Shipping Corporation of India has identified crude oil transportation as the major thrust area in the Tenth Plan period as crude oil movement is likely to be the main activity in the Indian shipping scenario, according to Mr P.K. Srivastava, ... More

PERFORMANCE

DCM Shriram sales turnover up 11 pc in Q3
DCM Shriram Consolidated Ltd (DSCL) has reported 11-per cent increase in sales turnover at Rs 323.43 crore for the quarter ended December 31, 2001 as compared to Rs 292.45 crore in the corresponding period last year. The increase in turnover ... More

INVESTOR PROTECTION

Investor protection body to meet on Jan 30
THE 13-member committee that had been constituted to administer the Investor Education and Protection Fund (IE&PF) will meet for the first time on January 30. Sources said that the senior officials of the Institute of Chartered Accountants of ... More

TRENDS

India Inc barters problems away
IF you think the age-old rural barter system is dead and gone, you're behind the times. Indeed, it has gone ahead, entering the corporate world as well. As in recession-ridden America during the early 1970s, when companies facing a terrible ... More

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Top Stories
Parle Agro mulls product expansion

UB forges pact with S&N; plans strategic buys

Bharti Tele prices IPO at Rs 45

Govt plans base price for basmati exports

VAT switchover to take one more year

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Jan. 13-Jan. 19
Stanchart in alliance with Dept of Posts

Hind Motors pins hopes on new Amby variants

Motorola, HP may strike deals with Reliance Comm

Tatas, Hughes call off talks for basic merger

Moser Baer posts Rs 62-cr net in Q3, expects revenues to double

Shaw Wallace brews more to feed TN market