The Hindu Business Line : Friday, December 06, 2002

RSP to upgrade cold-rolled steel facilities
THE Rourkela Steel Plant (RSP) of Steel Authority of India Ltd is planning to upgrade its cold-rolled steel making facilities. Talking to Business Line recently, an upbeat Mr Sanak Misra, Managing Director of RSP, said that with ... More

ANNOUNCEMENTS

Honda to unleash Fit next year
HONDA Siel Cars India Ltd, whose Honda City is a major hit with the Indian car buyer is all set to introduce its second offering for the domestic car market. Top sources told Business Line on Thursday the company has decided to drive in ... More

Aston Martin accepts DC Design prototype
THE UK automobiles manufacturer, Aston Martin Legonda Ltd, which forms a part of the premier automotive group (PAG) of Ford Motor Company, has accepted the prototype for a 2-seater, sports car from the well-known, city-based design company, Dilip ... More

HCI pays 50% interim dividend to Air India
THE Air India subsidiary, Hotel Corporation of India (HCI), has paid a 50 per cent interim dividend of Rs 20.30 crore to Air India for 2002-03. The cheque was presented by the Managing Director, HCI, Mr R.C. Aggarwal, to the Chairman Air India ... More

US firm plans to set up flavour production unit
THE US-based International Flavors & Fragrances Inc sees India as an emerging market for its fragrances and a production centre for agro-based natural fragrances and flavours. International Flavors & Fragrances Inc acquired the global ... More

ENVIRONMENT

Central PCB slaps notice on major TN distillers
THE Central Pollution Control Board has again slapped production restrictions on a number of distillery units in Tamil Nadu despite a clean chit by the State Pollution Control Board, according to industry sources. The sources told Business ... More

MANAGEMENT

Removal of nay-sayers is the key
A GOOD leader must not only be able to carry people along, but must also know whom to accelerate and whom to weed away, Mr Venu Srinivasan, Chairman and Managing Director, TVS Motor Company, said today. "We removed the nay-sayers," Mr ... More

MERGERS & ACQUISITIONS

Parson buys Excelsia assets from Nestle S.A.
PARSON Nutrional Pvt Ltd, a company formed by former Nestle-employee, has bought the assets of Excelsia Foods, including its manufacturing unit at Ghaziabad, from Nestle S.A. Parson's Director, Mr Mann, confirmed with Business Line that ... More

CORPORATE GOVERNANCE

`Freedom of expression must for independent directors'
" We are having a regime where an independent director does not truly enjoy the right of dissent in the fear of his being replaced. There needs to be reasonable protection for independent directors," Mr K.G. Ramachandran said. More

NEW PROJECTS

HCL Comnet sets up disaster recovery centre in Chennai
HCL Comnet, a subsidiary of HCL Technologies has announced the setting up of its disaster recovery site in Chennai. With this, the company says it has moved into the managed disaster recovery space. Addressing a press gathering, Mr Vineet ... More

SICK UNITS

BIFR sanctions rehab scheme for Mafatlal
THE Board for Industrial and Financial Reconstruction (BIFR) has sanctioned Rs 478.49 crore rehabilitation-cum-restructuring scheme for Mafatlal Industries Ltd (MIL), the flagship company of Arvind Mafatlal group. The scheme envisages ... More

OUTLOOK

Tejas sees turnaround next year
"We are close to break-even and expect to achieve that by early next financial year," Mr Sanjay Nayak said. More

Maruti to relax norms for used car scheme
FACED with a waiting list of prospective buyers for its used cars, Maruti Udyog Ltd is contemplating relaxing the conditions under which cars will be bought for its branded pre-owned cars business. At present, Maruti dealers who have got into ... More

PERFORMANCE

Hyundai rolls out 3.5 lakh cars
HYUNDAI Motor India Ltd (HMIL) has announced that it has achieved the twin landmark of 3.5-lakh cars rollout and 1-lakh unit sales for calendar year 2002 this month. The 350,000 cars mark has been achieved in just five months since the 300,000 ... More

Indo Rama Nov output up

PEOPLE

JD Edwards Country Manager
BANGALORE: JD Edwards has announced the appointment of Mr Tariq Farooqui as their Country Manager for India. In his new role, Mr Farooqui will be responsible for the operations of JD Edwards in India. He takes over from Mr. Neil Dibb who ... More

Mario Gasparri is new MD and CEO of New Holland
NEW Holland Tractors (India) Pvt Ltd, part of CNH Global N.V., has announced the appointment of Mr Mario Gasparri as the new Managing Director and CEO for India in place of Mr T.L. Palani Kumar. Before taking on this assignment in India, Mr ... More

NEW PRODUCTS & SERVICES

Cardiac output monitor comes to India
MEDICAL Resources India Pvt (MRI), a joint venture between two Australian companies — Coefficient Systems Pty Ltd and Uscom Pty Ltd — has launched an Ultrasound Cardiac Output Monitor in the Indian market. Rob Phillips, Chairman of ... More

GM unveils Vectra; more models on anvil
GENERAL Motors India (GMI) today unveiled its luxury car `Opel Vectra' and said it would launch more than two new vehicles next year. Though not revealing the details about the proposed launches, Mr Aditya Vij, President and Managing Director, ... More