The Hindu Business Line : Saturday, April 27, 2002

TVS Motor to go full throttle on R&D
TVS Motor Co Ltd will double its R&D expenditure this year and also invest about Rs 200 crore in creating additional capacity. Besides, the company will spend almost Rs 50 crore on building the TVS brand, now that the two-wheelers made by it ... More

Philips plans to source PC monitors from India
To take advantage of the boom in the cellular phone market, Philips will be launching more cellular phones in Apil. More

AWARDS & HONOURS

Honour for KAPL

MERGERS & ACQUISITIONS

Philips okays merger, swap ratio 10:11:7
THE board of directors of Philips India ltd (PIL), Punjab Anand Lamp Industries Ltd (PALI), Philip Glass Industries Ltd (PGIL) and Electric Lamp Manufacturers (India) Ltd (ELMI), have approved a scheme for amalgamation for the merger of PALI, ... More

NEW PROJECTS

M&M plans satellite plant in South; renews Korean tie-up
MAHINDRA & Mahindra Ltd has renewed its agreement for another four years with Tong-Yang of South Korea to source tractors from it for the US market. Mahindra & Mahindra sells these tractors, in the 20 to 50 HP range, under its label in the US, ... More

Daikin-Shriram plans greenfield AC plant
DAIKIN-SHRIRAM Airconditioning, the 80:20 joint venture between the Japanese air-conditioning giant Daikin and SIEL Ltd of the Siddharth Shriram group, is seriously considering a proposal to set up a green field air-conditioner project in ... More

Shakthi Knitting sets up processing unit
THE Tirupur-based Shakthi Knitting Ltd, a 100 per cent knitted garment exporting unit, has set up an independent textile processing unit called `Colorsburg' at the Perundurai Sipcot Industrial Estate near Erode. The modern dyeing and finishing ... More

Blueprint ready for export-oriented park near CIAL
HUDCO is preparing a masterplan for the development of 400 acres of vacant land adjacent to the Cochin International Airport Ltd (CIAL) at nearby Nedumbassery for export-oriented industrial purposes. A blueprint has been prepared by Hudco and ... More

ALLIANCES & JOINT VENTURES

A.P. Solvex to produce winterised rice bran oil
A.P Solvex Ltd, the country's largest rice bran oil (RBO) refiner, has entered into a technical tie-up with Meiura Engineering Corporation of Japan for production of `winterised' RBO. ``Winterisation technology enables complete separation of ... More

OUTLOOK

Glaxo to focus on vaccines for growth
GLAXOSMITHKLINE is to focus on vaccines as a major growth area. The company has a couple of combination vaccines in the pipeline which will be shortly ready for launch, said Mr V. Thyagarajan, Vice-Chairman and Managing Director, GlaxoSmithKline ... More

PERFORMANCE

Sun Pharma: The horizon may brighten further
SUN Pharma recorded an impressive growth in sales and net profit for the financial year 2001-02. While the company's performance in the domestic formulations market in 2001-02 was impressive, the rapidly improving performance of its US associate ... More

Tecumseh feat in compressors manufacture
TECUMSEH India, a leading compressor manufacturer, has successfully fabricated and handed over the 100,000th AW compressor to Voltas. Mr Vipin Sondhi, Managing Director, Tecumseh Products India while handing over the air-conditioner compressor ... More

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