The Hindu Business Line : Tuesday, March 19, 2002

Strategic alliance with Electrosteel -- Lanco convenes EGM on March 30
ELECTROSTEEL Castings Ltd, the Kolkata-based cast iron and ductile iron major, is set to infuse funds to the tune of Rs 22 crore into the equity of Lanco Industries Ltd (LIL), the Tirupati-based ailing pig iron manufacturer.ECL had entered into ... More

Templeton to take over Pioneer ITI
TEMPLETON Asset Management (India) has entered into a memorandum of understanding to acquire 100 per cent stake in Pioneer ITI AMC Ltd, ending months of speculation over one of the most watched deals in the mutual fund industry in recent times. ... More

AES seeks nod to hike stake in Orissa Power
THE US-based AES Corporation has sought permission from the Foreign Investment Promotion Board (FIPB) for increasing its holding in Orissa Power Generation Company (OPGC) from 32.75 per cent to 49 per cent. As per the proposal, foreign equity in ... More

ALLIANCES & JOINT VENTURES

Quartz pre-form manufacture -- Surana Telecom in talks with Yangtse
SURANA Telecom Ltd., the Hyderabad-based manufacturer of jelly filled and optic fibre cables (OFC) and jointing kits, is in parleys with the Chinese major, Yangtse, for establishing a backward integration joint venture project for quartz ... More

OUTLOOK

DSP hopes to put bad days behind
IN more than one sense, the birds are heralding the arrival of summer at the Durgapur Steel Plant after one more harsh winter. This is because the plant has been synonymous with gheraos, losses and an overall decadent industrial ... More

Widex sees 100 pc rise in turnover
DIGITAL hearing aids major Widex India Pvt Ltd hopes to end the current fiscal with a turnover of Rs 5 crore, a 100- per cent rise from last year. In 2002-2003, Widex India, a subsidiary of the Widex Aps of Denmark, is hopeful of notching a ... More

PERFORMANCE

Tea majors sip profit despite auction fall
IN the last one year or so, producers of leading tea brands have registered sizable profits because retail prices of branded tea have not been substantially reduced despite tea prices at the auction centres falling to rock-bottom levels. Tea ... More

APTransco revenue collections up

PEOPLE

Award for Hindalco CFO

TRENDS

`Manufacturing more of governance than sops'
INVESTMENT climate is all about governance, implementation and day-to-day details. It is not about fiscal concessions. This is what a study conducted by the Confederation of Indian Industry and the World Bank on the investment climate and ... More

NEW PRODUCTS & SERVICES

Hyundai drives in Santro Zip Plus
HYUNDAI Motor India on Monday launched the 1100cc Santro, which sports a more powerful engine that would help it compete better with the larger-sized engines of its competitors. Priced at Rs 3,35,216 for the entry-level model, the Santro `Zip ... More

HM launches new 2-tonne pick-up
HM has developed the RTV pick-up vehicle in technical collaboration with Oka Motor Company of Australia which produces rugged vehicles used by the military. More

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Mar. 10-Mar. 16
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