Financial Daily from THE HINDU group of publications
Saturday, August 17, 2002
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ANNOUNCEMENTS


Accent Viva rolls out; new Santro coming
The company is also working towards launching a variant of the Santro to give the B-segment car a new look. According to Mr Jae II Kim, Managing Director, HMIL, "The new Santro, to be launched in May 2004, will replace the current variant and ... More

Hyundai to decide on Getz launch soon — Terracan to hit market by January
HYUNDAI Motor will take a decision on the launch of its premium B segment car, the Getz, in the next few weeks. The decision will involve working out the costing of the Getz, indigenisation levels, investments required, components outsourcing, ... More

PRIVATE PLACEMENT


Coke to shed 49 pc in Indian subsidiary — Major share to pvt investors, business partners
THE Coca-Cola Company's Indian arm, Hindustan Coca-Cola Holdings Private Ltd. (HCCH), today announced that it would divest 49 per cent of its equity in its wholly-owned subsidiary - Hindustan Coca-Cola Beverages Private Ltd. (HCCB) - through a ... More

CORPORATE DISPUTES


ITC, Agro Tech settle Mantralayam row
ITC would take back the Mantralayam facility, which had been licensed to ATFL since September 1996 and ATFL would, over a five-year period from August 2002 to June 2007, make annual payments to ITC amounting to a total of Rs 43 crore. More

MERGERS & ACQUISITIONS


Vikrant seeks nod for merger with JK Ind
VIKRANT Tyres Ltd (VTL), a subsidiary of J.K. Industries Ltd (JKI), has sought the approval of its directors to appoint advisors and financial consultants for examining all possibilities of restructuring the company, including its amalgamation ... More

NEW PROJECTS


Omnex launches Kerala operations
OMNEX Inc, a global quality consulting, training and software firm, has announced its Kerala operations through a joint venture with the Kochi-based GVK Consultants. The joint venture is as aimed at improving operational efficiencies and having ... More

L&T Info sets up IBM centre
CHENNAI: Larsen and Toubro Infotech has zeroed in on its Chennai facility as the chosen "Centre of Excellence" in IBM Mainframe related services, according to a company press release. At present, the company runs several such IBM ... More

ALLIANCES & JOINT VENTURES


Spice, Navinmail tie up for voice messaging
SPICE Telecom has tied up with Sabeer Bhatia-promoted Navinmail to offer its users in Karnataka new voice-based services over the next few weeks. Telivoice, based on Navinmail's first product that allowed users to send voice messages as an ... More

ONGC unit stake in offshore gas block
SAKHALIN India Ltd (SIL), the Houston-based wholly owned subsidiary of ONGC Videsh Ltd, has signed a sale and purchase agreement with McAlestar Fuel Company to pick up a 10 per cent stake in an offshore gas exploration project, situated close to ... More

INTERVIEW


`Glaxo will not limit size of Indian operations'
"The performance of Zyban has been a bit of a disappointment. Sales in India have mimicked performance worldwide. It is a very tough product to sell." More

OUTLOOK


Maruti hopes to ride piggy-back on price cuts
DESPITE the sluggishness in the automobile industry, Maruti Udyog Ltd is optimistic about registering a positive growth in overall car sales riding piggyback on the 800 cc and its variants driven by attractive pricing. The Director, Marketing ... More

M&M in talks for exports, partnerships abroad
MAHINDRA & Mahindra is looking at tapping export opportunities for its recently-launched vehicle, Scorpio. Exports could also lead to strategic alliances with automobile manufacturers in other nations. The company, which is eyeing the growing ... More

M&M guarded on auto fortunes
MAHINDRA & Mahindra Ltd (M&M) continues to maintain its cautiously optimistic outlook for the automobile sector, particularly the farm equipment segment. "Although the first few months of the current year look promising, I look at the rest of ... More


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Top Stories
Seed of a legacy withers away


`Glaxo will not limit size of Indian operations'

Sunoil shortage leading to rampant adulteration

Acer cashes in on rivals' merger

PSU banks tapping staff for business

FIs, banks to exchange data on loan defaulters

In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Aug. 4-Aug. 10
SAIL: Cost control measures do the trick

Corporate India still napping on fraud prevention: KPMG study

Japan co to outsource from Hero Cycles

Maruti to launch Esteem diesel variant this month — May sport a tag of Rs 5.5-6 lakh

Indigo is Tata Engg's brand for sedan slot — New car to be `competitively priced'

CEO salaries outstrip growth of profits

HPCL says not interested in MRPL preferential offer


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