The Hindu Business Line : Monday, May 26, 2003

Tata Sons, GE group to part ways in India
THE house of Tatas and the General Electric (GE) group have decided to part ways as far as their Indian operations are concerned. For this, Tata Sons, the holding company of the Tata group, has decided to exit from its only joint venture with ... More

Suzuki to waive royalty for five Maruti models
IN a move which would help Maruti Udyog Ltd improve profitability, Suzuki Motor Corporation has decided to no longer charge royalty for the Maruti 800, Omni, Gypsy, Esteem and Zen models. This move would result in substantial savings for Maruti, ... More

SAIL to complete Delhi water project soon
STEEL Authority of India Ltd (SAIL) will shortly be completing the supply of large diameter spiral weld (SW) pipes for the Rs 8-crore Delhi Jal Board Project order, covering a length of 8.4 km. According to a press release from SAIL, the ... More

CORPORATE DISPUTES

Videocon Petro told to pay up Rs 285-cr dues
THE Government has recently slapped a bill of around Rs 285 crore on Videocon Petroleum towards payment of profit petroleum from its Ravva oil field. Profit petroleum (PP) is the revenue from the oil field once the developer has paid off the ... More

RESTRUCTURING

Pentair's Goa plant to become 100% EOU
WITH water technologies being the fastest growing segment for the Minnesota-headquartered Pentair Inc — the manufacturing arm of its Indian subsidiary looks set to play a significant role in the global game plan. This spans from becoming ... More

NEW PROJECTS

GM to tap design house for new models
LAUNCHING its latest B-plus segment hatchback Opel Sail in Andhra Pradesh market, General Motors India, which is planning an investment of about Rs 180 crore this year for the roll out of new models as a part of its phase II expansion, is set to ... More

Infrasoft expanding; to open Zurich centre — Significant growth in Europe business
"We expect to grow to 500-plus people in about two years as we are seeing increasing adoption of our solutions across the markets where we operate". More

INTERVIEW

`Exide to focus on plant upgradation' — Mr Barun Das, Company Secretary
EXIDE Industries Ltd, the country's largest storage battery manufacturer, is quietly recharging itself for a long haul. After steering into a value-addition and cost reduction course, the company is currently undertaking an exercise of production ... More

OUTLOOK

Amway expects 5-8 pc rise in turnover
AMWAY India, the wholly owned subsidiary of the $5-billion Amway Corporation of the US, hopes to record a 5-8 per cent increase in its turnover during the year ended August 31. In the 12-month period ended August 31, 2002 Amway India notched a ... More

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