The Hindu Business Line : Friday, November 22, 2002

Shriram group to open showroom for reconditioned trucks
Shriram Recon will buy commercial vehicles of all ages, recondition for re-sale only vehicles up to six years of age and scrap commercial vehicles over 10 years old. More

HCI to park sales proceeds in capital gains bonds
AIR India subsidiary Hotel Corporation of India (HCI) has decided to invest a substantial part of the amount realised from the sale of its two properties, including Mumbai, aggregating Rs 115 crore, in capital gains bonds. Investment in these ... More

Zydus Cadila to be sourcing hub for anti-rabies vaccines
AHMEDABAD-based Zydus Cadila is looking to become a global sourcing-hub for anti-rabies vaccines, `Vaxirab'. Zydus has a technology-transfer arrangement with Swiss-based Berna Biotech and the vaccine was launched in India only recently. Mr ... More

RESTRUCTURING

`L&T received investment proposals for cement division'
LARSEN & Toubro recently received investment proposals for the cement entity that might be created by the demerger of its cement division into a separate listed entity, the company told the Stock Exchange, Mumbai, in clarification to certain ... More

MERGERS & ACQUISITIONS

Birlas may have got control of L&T in 2001: SEBI
THE Securities and Exchange Board of India (SEBI) on Thursday told the Securities Appellate Tribunal (SAT) that several "material facts" have emerged that suggest the Birlas may have gained management control of L&T when they bought 10.6 per cent ... More

Jubilant Organosys pact to acquire Max India facility
THE speciality chemicals company, Jubilant Organosys Ltd, has signed up the business transfer agreement to acquire the active pharmaceuticals ingredients (API) facility of Max India, located at Najangud in Karnataka for a total consideration of ... More

TRADE & LABOUR UNIONS

Dunlop pays out resumption wages
THE management of Dunlop India Ltd started disbursing resumption wages on Thursday to workers at its Ambattur factory here, thus bringing back on track the recommencement operations at the facility, union sources have said. A similar effort on ... More

ALLIANCES & JOINT VENTURES

Ind-Swift signs research pact with Niper
IND - Swift Laboratories Ltd has entered into a collaborative research pact with National Institute of Pharmaceutical Education and Research (Niper), an autonomous institute under the Ministry of Chemicals and Fertilisers. Under the pact, ... More

STANDARDS & BENCHMARKS

Ford suppliers undergoing quality certification
FORD India's suppliers are going through a process of independent quality audit and certification. This worldwide certification, called Q1, entitles the component supplier to automatically become eligible to supply to Ford Motor Company's ... More

PEOPLE

Pepsi's western region head quits
MR Sanjay Nandrajog, Director, Operations, Western Region, PepsiCo India Holdings, has put in his papers, industry sources told Business Line. Mr Nandrajog has been based in Mumbai. The soft drinks major has been witnessing churn at the ... More

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