The Hindu Business Line : Thursday, April 24, 2003

M&M plans to provide engineering knowhow
MAHINDRA & Mahindra Ltd (M&M), basking in the success of its indigenously designed sports utility vehicle (SUV), the Scorpio, has put together an engineering services division from its research and development (R&D) assets. Though 95 per cent ... More

AWARDS & HONOURS

Tata Steel bags award
TATA Steel has been conferred the Prime Minister's Trophy for the best integrated steel plant. This award has been conferred on Tata Steel for the fourth time and three times in a row. The award carries a trophy and a cash award of Rs 1 crore. ... More

Ankur Sharma gets award
MUMBAI: Mr Ankur Sharma from the National Institute of Design (NID), Ahmedabad, has won the first K.C. Mahindra Award for excellence in automotive design. He gets a cash prize of Rs 1 lakh. First runner-up, Mr Charles Tirkey, also of ... More

FINANCIAL PERFORMANCE

Reliance: Profitability under pressure in Q4
It is interesting to note that interest costs have actually declined, both during the quarter and the year meaning that the pressure on profits has been entirely from manufacturing and raw material expenditure. More

BILT: Staying behind its peers
FOR yet another quarter, Ballarpur Industries Ltd (BILT) has turned in earnings numbers that are modest in comparison to other players in the industry. A combination of flat revenue growth (1.5 per cent) and a sharp spurt in tax outgo has ensured ... More

MERGERS & ACQUISITIONS

Marico Ind open to acquisitions
WITH the objective of expanding its traditional FMCG portfolio, Marico Industries is open to further acquisitions across categories such as skin care, hair care and processed foods, Mr Harsh Mariwala, the company's Chairman & Managing Director, ... More

NEW PROJECTS

Marriott opens GSO office
MARRIOTT International, the global hospitality chain, which recorded 39 per cent growth in India last year, has opened a global sales organisation (GSO) office. "The sales office has been opened recognising the potential to develop the ... More

ALLIANCES & JOINT VENTURES

Hero Motors to export to Turkey, Algeria
HERO Motors, a Hero Group company, has said it has signed agreements with Turkish and Algerian companies to export its range of mopeds and scooteretts. According to a company statement, Hero Motors has signed agreements with Kuralkan, a ... More

INTERVIEW

`Biopharma is what we are really focussing on'
THESE are hale and hearty times indeed for Biocon India, the country's first and largest biotech company, that has travelled far from a mere `garage' enterprise in Bangalore of 1978. As it transits from being a market leader in industrial enzymes ... More

OUTLOOK

Reliance Info capex at Rs 1,500 cr
RELIANCE Infocomm's capex for the current year is Rs 1,500 crore, according to Mr Anil Ambani, Vice-Chairman and MD, Reliance Industries Ltd, who outlined the group's capex plans for the year after announcing RIL's annual results here ... More

PERFORMANCE

Truckers' strike affects LG

PEOPLE

Voith Turbo gets new MD
MR VOLKER Grosse-Wilde has taken over as the new Managing Director of Voith Turbo India in Hyderabad, the manufacturing facility of 3.3-billion euros German engineering group - Voith. The Hyderabad factory of Voith, which became operation in ... More

NEW PRODUCTS & SERVICES

Hero Honda launches co-branded card
HERO Honda, India's largest two-wheeler maker, and SBI Cards, a joint venture between State Bank of India and GE Capital to issue credit cards, on Thursday launched a co-branded credit card for the former's customers. The `Hero Honda SBI Card' ... More

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