The Hindu Business Line : Friday, February 14, 2003

Divi Labs geared for IPR regime
AHEAD of its public issue next week, Divi Laboratories has indicated that its business model has been designed to deal with the proposed changes in patent regulations after 2005. In order to fulfil India's World Trade Organisation (WTO)-related ... More

RESTRUCTURING

In order to tide over working capital shortages... Salem Steel to enlarge volume of hire rolling
SSP has decided to enlarge the volume of hire rolling at its hot rolled plant in a big way this year hoping to meet partly its working capital requirements through hire charges. More

NEW PROJECTS

Lupin to set up new plant
LUPIN Ltd is setting up a new plant for manufacturing Lovastatin, cholesterol lowering active pharmaceutical ingredient (API). The new plant is being built to meet USFDA standards. The plant, which has an initial capacity of above 12 metric ... More

REGULATORY BODIES & RULINGS

Hyundai MUV `Carens' launch hits roadblock
HYUNDAI Motor India's plan to launch the `Carens', a multi-utility vehicle (MUV), in the country this year seems to have hit a roadblock for now. The Foreign Investment Promotion Board (FIPB) has sought a clarification from the company on the ... More

ALLIANCES & JOINT VENTURES

And now, packaged `Royal Weddings' for the upwardly mobile
THEY'VE packaged heritage, yoga, ayurveda, adventure and now it is weddings. The Royal Indian Wedding, to be precise. International Travel House, the travel wing of ITC Ltd, has launched its Royal Wedding - a wedding management service for just ... More

SOCIETY & DEVELOPMENT

MNCs to offer back-office jobs for disabled people
While the World Bank, General Electric, Hong Kong and Shanghai Banking Corporation, and a leading American Bank already have back-office establishments, several major global corporates are understood to be considering setting up their own bases here. More

SICK UNITS

Pepsi arm withdraws reference to BIFR
The company had made a reference to the board in 2001. As per the reference, the company's networth then stood at Rs 18 lakh, with accumulated losses at Rs 278 crore. This comprises the bulk of Pepsi's losses in its Indian operations since its entry in 1989. More

OUTLOOK

UB Spirits targets sales of 30 m cases
THE spirits division of the United Breweries group expects to close its financial year with sales of 30 million cases, a rise of over 36 per cent from the previous year's figures. According to Mr Ashok Capoor, Chief Operating Officer-West, ... More

PERFORMANCE

Exports at Rs 80 crore — Ingersoll revenue may touch Rs 700 cr by `05
INFRASTUCTURE equipment major Ingersoll Rand Ltd expects to report revenue of Rs 700 crore by 2005 as part of its growth vision. New offerings such as Hussman freezers and chillers and support to global triggers such as engineering services, ... More

PEOPLE

Rajan Singh is SET Asia's Executive V-P
MR Rajan Singh has been named Executive Vice-President for International Business, Sony Entertainment Television (SET) Asia, the international feed for SET. In his new position, Mr Singh will head SET Asia's operations outside of the Indian ... More

TRENDS

India Inc opts for cash-out options
A SUBSIDISED company housing loan, a company-leased flat, or a car with unlimited petrol were considered as effective retention tools by the corporate sector. Today the most sought after compensation mantra of corporate India is what is called ... More

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