The Hindu Business Line : Wednesday, February 12, 2003

Samsung teams up with IIT-Delhi for designs
WHEN in India do what the Indians do! To come closer to desi customers, Korean consumer electronics and durables major Samsung India Electronics Ltd (SIEL) is customising products to suit the needs of the Indian market. At present, the ... More

ANNOUNCEMENTS

Beckton to make India sourcing hub for S-E Asia
BECKTON Dickinson (BD), a global medical devices major, hopes to make its plant in Haryana a sourcing hub for the South-East Asian markets, including China. Mr Ram Sharma, Managing Director of BD India, told presspersons here on Tuesday that ... More

AWARDS & HONOURS

Natco Pharma bags award for life-saving drug
NATCO Pharma Ltd, the city-based pharmaceutical manufacturer that launched the life saving drug in the cancer segment recently, has bagged the first prize for the drug in the best invention category. In a press release, the company said the ... More

COURTS/LEGAL ISSUES

HM moves HC over sales tax claim
HINDUSTAN Motors Ltd, which is facing a sales tax claim of about Rs 80 crore from the Tamil Nadu Government, has gone on appeal to the Madras High Court seeking a stay of the Commercial Taxes Department notice to it. The company's petition in ... More

TAXATION

40 pc of cos in TN not filing returns: RoC
ALMOST 40 per cent of the 41,402 companies in Tamil Nadu are not complying with the mandatory requirement of filing returns with the Registrar of Companies. The Registrar of Companies (RoC) has sent out around 4000 letters to these companies ... More

MERGERS & ACQUISITIONS

Hind Motors to divest stake in Hind Powerplus
HINDUSTAN Motors Ltd has informed the Bombay Stock Exchange that its board of directors has decided to divest the company's holding of 18,00,000 shares in Hindustan Powerplus Ltd (a joint venture between Hindustan Motors and Caterpillar ... More

Matrix plans open offer at Rs 276
THE promoter group of Matrix Laboratories Ltd (MLL), a Hyderabad-based pharmaceutical company, have decided to go in for an open offer to the MLL shareholders following the recently-concluded preferential offer to the promoters. Matrix is ... More

Lapointe may up stake in Yash Birla group co
The increasing trend of automotive majors to shift their bases to India or China appears to have kindled the interest of Lapointe to increase its stake in DFTL, as the automotive sector consumes almost 75 per cent of its production. More

REGULATORY BODIES & RULINGS

Now, no easy route to appoint directors' kin
RELATIVES of directors may no longer find it easy to secure an office or place of profit in a company. This is more so in the case of public limited companies where the selection of a relative of director would have to be approved by a `selection ... More

ALLIANCES & JOINT VENTURES

McDowell ties up with Independent Liquor — Plans big push in ready-to-drink segment
McDowell & Co Ltd, the flagship spirits company of the UB group, has entered into a strategic tie-up with Independent Liquor of New Zealand to pursue an aggressive growth strategy in the ready-to-drink (RTD) segment of the domestic alcoholic ... More

BHEL tie-up with Anna varsity
BHEL Tiruchi and Anna University, Chennai, have signed a MoU for co-operation in research, technology development and training. "The MoU provides joint programmes in the thrust areas of combustion, heat transfer, production technology and ... More

INTERVIEW

`We are open to outsourcing from pvt industry' — Mr N.R. Mohanty, Chairman, Hindustan Aeronautics Ltd
HINDUSTAN Aeronautics Ltd (HAL) is undoubtedly among the finest Central public sector undertakings in the country. The PSU, which is under the Department of Defence Production & Supply of the Ministry of Defence, recorded an all-time high ... More

EVENTS

Tube India exhibition in Hyderabad
AN international exhibition of tube and pipe materials, as well as machinery and technology is scheduled to be held in Hyderabad during February 21-23. The event would be targeting the Middle East tube and pipe consumer and producer ... More

DIVERSIFICATION

Venky's `designs' special pet foods
A GROWING interest in domesticated tame animals among urban Indians when translated into business terms makes up for an industry with a revenue potential of Rs 350 crore. The increasing move towards adopting pets has prompted Venky's (India) ... More

OUTLOOK

GM to shift focus to Chevrolet
GENERAL Motors (GM) India is planning to develop Chevrolet as its mainstream brand in the country. The company expects the bulk of its revenues to come from the brand in a few year's time. "The Opel brand in turn will be the premium brand for GM. ... More

PERFORMANCE

Durgapur Steel sights profit after 2 decades
AFTER a gap of nearly two decades, Durgapur Steel Plant (DSP), the sick child of Steel Authority of India Ltd, has sighted net profit. With only six weeks to go for the closure of the fiscal 2003, the mood at the steel town is celebratory. But ... More

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