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Monday, August 12, 2002

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Goodyear not to roll out tyres for Ceat
GOODYEAR India Ltd (GIL) will soon fully discontinue manufacture of tyres for Ceat Ltd under the brand names of the latter company. "Even after Ceat exited from South Asia Tyres Ltd (SATL), we had been making tyres for them at our facilities ... More

Encore to make Simputer in Singapore
SIMPUTER, the indigenous, low-cost hand-held computing device, is going international even as it is gearing up for a domestic launch soon. Encore Software, one of the developers of Simputer, is set to manufacture the gadget in Singapore ... More

GM appoints new dealer
GENERAL Motors India has appointed KUN Automobiles as its new dealer in Hyderabad. With this, the company has three dealers and one authorised service outlet in the State taking the overall tally to 42 dealers and 26 outlets across the country ... More

ACCOUNTING STANDARDS


DCA calls for Ferguson report from Tata Fin
THE Department of Company (DCA) has asked Tata Finance Ltd (TFL) to submit the controversial A F Ferguson audit report on the company, along with the related correspondence on the issue between the auditing company and TFL. The department, ... More

Corporate ethics, where art thou?
A WEEK ago, when the Oil and Natural Gas Corporation of India board was busy discussing the proposal for buying out the shareholding of the A.V. Birla group in MRPL, the man who runs ONGC was waiting outside the boardroom. It was not that ... More

OPEN OFFERS


IPCL: They strike it rich with land sale
THEY are not quite in the same league as the Unit Trust of India (UTI) whose US-64 holds some 1.85 crore shares of Indian Petrochemicals Corporation Ltd (IPCL). They are 400-odd erstwhile landowners of six villages in Bharuch district who were ... More

MERGERS & ACQUISITIONS


Ministry to seek nod for BPCL Bina stake hike
THE Ministry of Petroleum and Natural Gas is planning to seek Cabinet nod for raising Bharat Petroleum Corporation Ltd's equity in the 6-million tonne Bina refinery from 26 per cent to 50 per cent. The rest of the equity is to be garnered from ... More

Bhartias hike stake in Jubilant Organosys
THE promoters of Jubilant Group, the Bhartias, have further increased their stake in the flagship company, Jubilant Organosys Ltd by 3.3 per cent during the period July 2001 - June 2002 through the creeping acquisition route. As on June 30, ... More

CORPORATE GOVERNANCE


Uncle Sam at the crossroads
HOW times change! Far from American experts hectoring the world on norms of corporate behaviour, they have started examining why and how many a corporate hero has fallen and companies have gone under. This crisis of US capitalism is truly a great ... More

NEW PROJECTS


Bhushan Steel plans production unit in Africa
BHUSHAN Steel and Strips Ltd is planning to set up a manufacturing facility in Africa. The company has already established a presence in Africa by setting up a service centre for its products and is currently examining the market potential ... More

INTERVIEW


`Tinplate has succeeded in building identity of its own'
"We are in the business of manufacturing tinplate which is used in the packaging sector. Hence, we are basically a primary producer of packaging materials. This was a major change of focus and it immediately brought results." More

OUTLOOK


Orchids' home furnishing exports to US double
Demand for home furnishings in the US got a real shot in the arm after the terrorist attack on September 11, with more and more people beginning to pay attention in decorating their home. Cashing in on this new-found interest, Orchids, has doubled it s export sales to the lucrative US markets. More

PERFORMANCE


Job outlook to remain sombre, says FICCI survey
THE Federation of Indian Chambers of Commerce and Industry's Business Confidence Survey of July 2002 shows that the outlook for employment is likely to remain sombre. While the majority of those surveyed, almost 67 per cent, expected the ... More

Tata Engg total sales increase 50 pc in July
TATA Engineering has reported total sales of 1,7608 vehicles in the domestic market in July, an increase of 50 per cent over the corresponding period last year and 4.5 per cent over June 2002 sales. Indica sales, at 8,528, showed a growth of ... More


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