The Hindu Business Line : Saturday, April 19, 2003

Come SUV Vitara, the unfussy Gypsy still remains off-roaders luv
IT will be some time before Maruti's new sports utility vehicle (SUV) — the Grand Vitara XL-7 — reaches Pachmarhi, 3,500 feet up in the Satpura ranges. But when it does, there will be brethren waiting to welcome, all years older but ... More

Cobra Beer to set up greenfield project
COBRA Beer, UK's largest selling Indian beer plans to set up a `greenfield' brewery project in Andhra Pradesh, preferably in Hyderabad, with an estimated investment to the tune of $10 million. Disclosing this to newspersons, the Chief Executive ... More

Astra Microwave plans facility for space-application products
Apart from expecting sizable orders from the state-owned defence and space application centres, the company also hopes to bag orders from various developed countries. More

OPEN OFFERS

Open offer for 20 pc L&T stake — Grasim expects SEBI approval next week
GRASIM'S renewed open offer for 20 per cent stake in Larsen & Toubro (L&T) is likely to be cleared by the Securities and Exchange Board of India (SEBI) next week. "We only need an `acknowledgement card' from the SEBI telling us that we can go ... More

COURTS/LEGAL ISSUES

GE hopes for Dabhol solution in six months
GLOBAL financial services and heavy engineering giant GE hopes that a solution to the controversy surrounding the Dabhol power project in Maharashtra would be resolved in the next six months, paving the way for restarting the plant. "We hope ... More

RESTRUCTURING

Lakshmi Auto `under revamp'
THE recent decision of Lakshmi Auto Components Ltd (LAC) to acquire the entire paid-up equity capital of 2.5 lakh equity shares of Rs 10 each at par, of Sundaram Auto Components Ltd (SACL), an unlisted company is linked to restructuring of the ... More

MERGERS & ACQUISITIONS

Tatas hike stake in Trent to 28 pc
TATA group companies have hiked their stake in retailing company, Trent, in the last quarter through market purchases. The holding of the group has increased by 1.86 per cent from 26.48 per cent at the end of December 2002 to 28.34 per cent at ... More

NEW PROJECTS

Italian textile major sets up facility in India
TESSITURA Monti India Pvt Ltd, part of Tessitura Monti, a textile major in Italy, has set up a project in Kolhapur, Maharashtra that will produce 16,500 metres of fabric a day. According to a press release, the project is expected to bridge ... More

REGULATORY BODIES & RULINGS

Maocaro likely to be rechristened
THE Manufacturing and Other Companies (Auditor's Report) Order (Maocaro) is likely to undergo a change in nomenclature to Companies (Auditor's Report) Order (Caro). This is based on the recommendation of an Expert Group constituted by the ... More

STANDARDS & BENCHMARKS

Indo-Nissin gets ISO certificate

SICK UNITS

Notice ordered for Sol Pharma wind-up
AFTER attempts to revive the ailing Sol Pharmaceuticals Ltd (SPL) have not received the desired response, the Board for Industrial and Financial Reconstruction (BIFR) has directed issuance of a show-cause notice (SCN) for winding up the company. ... More

OUTLOOK

Yamaha Motor sets sales target of 4.5 lakh bikes
YAMAHA Motor India Pvt. Ltd has set a sales target of 4.5 lakh vehicles for the year 2003 compared with 3.2 lakh vehicles sold in 2002. Of the 4.5-lakh vehicles, 50,000 units were aimed for the export markets, Mr Rahul Bhatnagar, Zonal Manager, ... More

PERFORMANCE

Salem Steel reports better operating performance — Attributes recovery to high capacity utilisation of HR plant
THE all-time-high capacity utilisation of its hot rolling mill (HRM), big shift to the production of thinner gauge stainless steel and high volume hire rolling of steel, have aided the public sector special steel unit, Salem Steel Plant (SSP), ... More

PEOPLE

S.S. Kanwar dead

Manipal group CFO quits

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