Financial Daily from THE HINDU group of publications
Friday, October 04, 2002
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ANNOUNCEMENTS


Fiat unveils upgraded Palio — `Doblo' MUV undergoing tests
TO celebrate the first anniversary of `Palio' on Indian roads, car manufacturer Fiat India Private Ltd today unveiled an upgraded range of the model, replacing its earlier line-up. Refinements in the Palio anniversary range include painted ... More

P&G to outsource Vicks manufacture for exports
PROCTER & Gamble Hygiene & Healthcare (PGHH) today announced its decision to outsource the manufacture of Vicks Vaporub exports to a contract manufacturer - Maksons Ltd, Hyderabad. This outsourcing arrangement would enable PGHH to continue ... More

L&T awarded $23-m Lafarge contract
LARSEN & Toubro has signed a contract valued at $23 million (over Rs 100 crore) with Lafarge Surma Cement, Bangladesh, for the construction of a 17-km-long cross-national belt conveyor. This is the longest belt conveyor to be constructed in ... More

CORPORATE DISPUTES


ACT gets stay against notice from Chennai port
THE Chennai Port Trust (ChPT) has served termination notice on ACT India Ltd, the licence-operator of Jawahar Dock (JD) berth No 5 inside the port, as the company has not paid its dues. However, ACT India obtained a stay from the Madras High ... More

TAXATION


Depreciation rates cut to 80 pc on tangible assets
THE Finance Ministry has cut depreciation rates on a host of tangible assets — including energy saving devices, air pollution equipment, water pollution control equipment and solid waste control equipment — from 100 per cent to 80 per ... More

GENDER


It's not a woman's world at the top
WOMEN may be leading from the front in a number of fields, including politics, but India Inc does not seem to believe in their leadership qualities, at least so far as board positions go. How else does one explain the fact that of the 30 top ... More

HUMAN RESOURCES


SWC hires Mercer to draft HR roadmap
IN a bid to build bridges with employees, liquor major Shaw Wallace has engaged Mercer Human Resource Consulting for evolving and implementing human resource roadmap. The appointment of Mercer, the world's largest human resource consulting ... More

MERGERS & ACQUISITIONS


Chambal Fert to acquire 51% in Australian biotech giant
IN a major development, Chambal Fertilisers and Chemicals Ltd (CFCL), the agri-inputs major belonging to the K.K. Birla-controlled Zuari-Chambal group, has decided to acquire a controlling stake of 51 per cent in the Australian agri-biotechnology ... More

NEW PROJECTS


Alembic's new division `SynX' launched
THE Vadodara-based Alembic Ltd on Thursday launched a new division called `SynX' to cater to patients suffering from a condition called Syndrome X. Syndrome X is a term indicating the association of glucose intolerance, dyslipidemia, hypertension ... More

INTERVIEW


`Ads, promos the only way to gain brand equity'
MOST of Henkel Spic products are in mature categories like detergents, toothpaste and soaps. Despite high penetration, these products have managed to grow faster than the market. Mr A. Satishkumar, Managing Director, Henkel Spic, spoke to ... More

EVENTS


`Transparency must to draw Norwegian cos'
THE question of mutual trust between joint venture partners, time management factor, ethics in business and question of labour rights are the main issues that need to be taken into account by Indian entrepreneurs for attracting investment from ... More

OUTLOOK


GRT Grand Days tightens belt to face competition
WITH almost 1500 three-star rooms coming up in the next six months in T. Nagar alone, GRT Grand Days is gearing itself to face the competition head-on. Mr M.O. Koshy, Vice-President, G.R.Thanga Maligai (P) Ltd, which owns GRT Grand Days, said ... More

Infosys eyeing treasury, wholesale banking sector
SOFTWARE major Infosys Technologies has announced that treasury and wholesale banking will be a major focus area in European market for its Banking Business Unit. Finacle, the Infosys e-Platform for the global banking industry, has recently ... More

M&M sees tractor sales dipping 5% this year
MAHINDRA & Mahindra expects its tractor sales to dip five per cent to 55,000 units in financial year 2002-03, from 58,073 units a year ago, Mr B. Mishra, Head-Marketing, said. The general downturn in the economy and weak monsoon would deflate ... More

PEOPLE


S.V. Narasimhan takes addl charge as MD
CHENNAI: Mr S.V. Narasimhan, Director (Finance), Chennai Petroleum Corporation Ltd (CPCL), has assumed additional charge as Managing Director of CPCL, with effect from October 1, subsequent to the superannuation of Mr S. Rammohan, who ... More
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Fiat unveils upgraded Palio — `Doblo' MUV undergoing tests

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In Depth
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