The Hindu Business Line : Saturday, May 03, 2003

Flag out option only if tonnage tax is delayed, says GE Shipping
ALTHOUGH it did not have any immediate plans to flag out its fleet from Indian registry, Great Eastern Shipping may consider the flag out option if the Government delayed introduction of tonnage tax for much longer. Mr Bharat Sheth, the ... More

BUYBACK

Apollo board meet to discuss buyback — Special Court clears proposal
THE board of directors of Apollo Tyres Ltd (ATL) will meet on May 9 to consider and approve the buyback of the company's shares held by the notified parties mentioned in the orders of the Special Court that probed into the securities scam of ... More

AWARDS & HONOURS

Govt award for Hyderabad Industries

STANDARDS & BENCHMARKS

RDSO applies for patents to tap world market
LEVERAGING its strengths in research and designing of applications for Indian Railways, the Lucknow-based Research Designs and Standards Organisation (RDSO) has decided to apply for patents on those applications which have international market ... More

PPC gets ISO 9001:2000

OUTLOOK

EEL plans Rs 15-cr investment
ELGI Equipments Ltd (EEL) is planning a capital expenditure of Rs 15 crore in the current financial year as part of efforts to ramp up production, mainly for screw compressors. The company, which witnessed a near 14 per cent growth in sales in ... More

PERFORMANCE

ACC: Volumes buzz, profits dip
ACC has buckled under the strain of lower cement prices to suffer a 27.2 per cent decline in sustainable earnings (that is profits excluding one-time incomes and expenditures). The decline is even more pronounced at the level of pre-tax earnings ... More

Ashok Leyland: A wobbly fourth quarter
DESPITE a very ordinary fourth quarter, Ashok Leyland (ALL) has managed an impressive growth in earnings and revenues for the 2002-03 fiscal year. ALL saw a 13.80 per cent drop in its profit before tax and extraordinary items during the fourth ... More

TVS Motor motorcycle April sales up 16%
TVS Motor Company Ltd sold 58,291 motorcycles in April, 16 per cent higher than in the same month last year, says a press release from the company. This is the seventh consecutive quarter that motorcycles sales have increased, it says. The ... More

Bajaj Auto April sales down 16 pc
BAJAJ Auto Ltd on Friday reported a 16 per cent decline in total 2- and 3-wheeler sales for April 2003 to 99,430 units as against 118,431 units recorded in the previous corresponding period. Total 2-wheeler sales for the period dipped by 14.9 ... More

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