The Hindu Business Line : Wednesday, October 23, 2002

Reliance Info shifts staff to Knowledge City
RELIANCE Infocomm has shifted over 3,000 employees from its various offices in Mumbai to its new 132-acre office in satellite city,Navi Mumbai. This space which the Reliance group bought from ICI several years ago has been developed by it into ... More

Bal Pharma launches new anti-BP drug — Mother & child care segment on anvil
THE Bangalore-based Bal Pharma is set to enter the Candesartan-based anti-hypertensives segment with its latest brand, Ipsita. The new drug will be Bal's fourth in the anti-hypertensives segment. It will be one of the most promising products of ... More

Revathi Equipment pays Rs 10-cr fee to ex-owners — To protect market, clients, staff
AFTER the share buy-out deal and takeover, it is time for safeguarding its market, men and more importantly its clients for the new promoters of the Coimbatore-based Revathi Equipment Ltd. These safeguards have been done through payment of a fee ... More

Indigo to hit the roads only in New Year
CAR buyers waiting to have a dekho or may be purchase the Indica's sedan sibling — Indigo — will now have to wait till the New Year before they can get behind the wheels. The company, which had scheduled the launch of the car this ... More

Revathi board revamped
REVATHI Equipment Ltd, which has reconstituted its board of directors after the acquisition of the company's majority shares by the Utkal Investments Ltd, a member of the Rennaisance group in August last, feels the performance of the company will ... More

CORPORATE DISPUTES

VSNL gets ten-day breather in BSNL issue
IT seems to be an auspicious week for international long-distance major Videsh Sanchar Nigam Ltd (VSNL). Despite the sharp setback to its finances, the controversies that it had got entangled in are slowly getting resolved. Even as the company ... More

COURTS/LEGAL ISSUES

Cheque case: Proceedings quashed
CHENNAI: The Madras High Court has quashed the proceedings against the former director of M/s Srivari Investments Private Ltd, Mr S.Venkataraman, instituted by the Chennai Metropolitan Magistrate under Sections 138 and 142 of the ... More

HUMAN RESOURCES

RM Associates to open more offices in India
RM Associates (RMA), an executive search firm based in Singapore, has launched a centre for overseas opportunities, meant to be a hub to connect senior Indian professionals with various multinational corporations. According to the company's ... More

Grooming students for campus recruitment
AT a time when jobs are hard to come by, Globarena Jobz — a technology enabled campus recruitment service — claims that it has a portfolio of 5,800 jobs (currently), and the number is increasing by the day. The Mumbai-based ... More

MERGERS & ACQUISITIONS

Samsung allowed to buy out Indian partners in jt venture
THE Government today permitted Samsung Electronics Company Ltd of Korea to buy out the Indian partners in its Indian joint venture, Samsung India Electronics Ltd and convert it into a wholly-owned subsidiary. The company has been allowed to ... More

NEW PROJECTS

Shriram group wind energy plant inauguration today
THE 10.2 MW wind energy plant, set up by the Chennai-based Shriram group at Chitradurga, which started generating power from last month, will be formally inaugurated by the Minister of State for Energy, Mr Basavaraj Patil, on Wednesday. The ... More

REGULATORY BODIES & RULINGS

Dr Reddy's drug clears first hurdle in US
Amlodipine Besylate is the generic version of Pfizer's drug - Norvasc, which is indicated for the treatment of hypertension and angina. More

ALLIANCES & JOINT VENTURES

K.K. Modi arm, Apollo Int'l set up management varsity
AN investment arm of the K.K. Modi Group has entered into a 50:50 joint venture partnership with Apollo International Inc USA, to set up the Modi Apollo International Institute (MAII) the Capital. The university will offer Bachelors' and Masters' ... More

German co invests Rs 47.5 cr in Usha Beltron
DEG, a German investment and development company specialising in long-term project and corporate financing, has agreed to invest Rs 47.5 crore in Usha Beltron Ltd (UBL), the flagship company of the city-based Usha Martin group. An agreement to ... More

INTERVIEW

`Our business model will be focussed on TV serials'
BALAJI Telefilms Ltd is one of the active media and entertainment stocks in the market. The company's Chief Financial Officer, Mr V. Devarajan, spoke to Business Line about Balaji Telefilms' plans. Could you elaborate on Balaji ... More

OUTLOOK

HCL Tech warns of lower sales, profit in next two quarters
HCL Technologies Ltd is likely to report a drop in its sales and profits for next two quarters as the company continues to rationalise its client base, the Chief Financial Officer, Mr Arun Duggal, told analysts in a post-earnings call. "While ... More

`Benz sales down, but in line with expectations'
"The D segment has seen tough times,'' Mr Hans-Michael Huber, Managing Director & CEO, Daimler Chrysler India Private Ltd, said on the domestic automobile scenario, at a press briefing in connection with the opening of a new showroom here ... More

Indo National sees growth after cutting costs
COST reduction measures, productivity improvement and working capital management have helped Indo National Ltd, the makers of Nippo brand of dry cell batteries, to show a growth in sales and profits. According to a press release, for the ... More

PERFORMANCE

Maruti's hour of reckoning
Flanked in all segments of the passenger car market by aggressive competitors, Maruti's position as the country's largest passenger car manufacturer is under threat. Maruti aims to fight back by becoming more efficient, cutting costs and taking on co mpetition. It hopes the small frame of the Maruti 800 will help it stay the course, says N. Ramakrishnan, who presents an inside account of the Maruti gameplan. More

How many seconds can you save?
WORKERS are paid to work. Not walk," observed the chairman of Suzuki Motor Corporation, Osamu Suzuki, during one of his visits to India. And, taking a cue from him Maruti Udyog Ltd has put in place a number of measures to ensure that workers' ... More

Maruti: The 800 gamble
ITS critics feel that it is living on borrowed time. But its parent is determined to prove them wrong. At the heart of the debate is the Maruti 800. The question is how long can Maruti continue making and selling the 800 — the oldest ... More

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