The Hindu Business Line : Saturday, July 05, 2003

Yamaha upgrades Faridabad plant
YAMAHA Motor India on Friday said it has started upgrading its plant at Faridabad to manufacture four-stroke motorcycles as part of its strategy to expand capacity and introduce new models. At present, Yamaha Motor manufactures its range of ... More

ANNOUNCEMENTS

Exide, US co identify areas of co-operation
The problem with China, where the company has a distribution outfit, was that it was difficult to define a market leader there. More

BiSS servo-hydraulic testing machine exported to US
BANGALORE Integrated System Solutions Pvt Ltd (BiSS), the country's leading vendor of digitally controlled servo-hydraulic test systems, has started exports of its 00-200 Series Universal Testing Machines (UTMs), which represents a "generational ... More

Sangam Dairy plans to enter global market
SANGAM Dairy in Guntur district has plans of tapping the international markets with its products and as a prelude the dairy is streamlining its quality control systems and getting the required certifications, the Chairman, Mr K. Rajan Babu, has ... More

Mayajaal to set up sports village
MAYAJAAL Entertainment, a wholly-owned subsidiary of the PentaMedia Group, will be investing Rs 7 crore to set up a sports village as an extension to the Mayajaal Family Entertainment Centre (FEC). Mr V. Chandrasekhar, Chairman, Mayajaal ... More

Nalco to delist from all SEs bar BSE, NSE
NATIONAL Aluminium Company Ltd has decided to delist the company's securities from all exchanges other than the BSE and NSE. The decision was taken at the extraordinary general meeting of the shareholders here on Friday. At the meeting of the ... More

Coromandel Fert to increase authorised capital
KEEPING in view the need to issue shares to the members of EID Parry (India) Ltd in terms of the scheme of arrangement entered into recently, Coromandel Fertilisers Ltd (CFL), part of the Chennai-based Murugappa group, proposes to enhance its ... More

Eli Lilly to launch 2 drugs in 2004 — Cialis to take on Viagra
EVEN while Pfizer's famed blue-pill for erectile dysfunction, Viagra, has not made its way into the domestic market - the decks are being cleared for Cialis, another drug in the category, but this one is from the Eli Lilly-stable. Cialis and ... More

AUDITING

New norms likely on auditor employment
A MANDATORY cooling-off period is to be prescribed by the Government for those persons engaged in employment of a company and keen to move over to the audit firm that is the statutory auditor of the same company. The Department of Company ... More

MERGERS & ACQUISITIONS

Matrix acquires more Vorin shares
EVEN as the open offer to the shareholders of Matrix Laboratories Ltd (MLL) by its promoters failed to evoke any significant response, the MLL promoters continued efforts to consolidate their holding in the company. The Ranbaxy-controlled Vorin ... More

Gujarat NRE move to merge with GNCL
THERE is a move on behalf of Gujarat NRE Power Ltd (GNPL) to merge the company with the city-based manufacturer of low ash coke — Gujarat NRE Coke Ltd (GNCL). The Calcutta High Court has convened an EGM of shareholders of both the companies ... More

NEW PROJECTS

Duroflex to set up plant in Punjab
KOCHI: Duroflex Ltd, one of the leading branded mattress manufacturers, is planning to set up a fully automatic rubberised coir plant in Punjab so as to meet the growing demand for quality mattress within the country and abroad. The ... More

TRADE & LABOUR UNIONS

Vizag SEZ unions allege rights violation
THE Visakhapatnam Special Economic Zone Employees' union has complained to the Governor, Mr Surjit Singh Barnala, that the employees in the zone were being subjected to inhuman treatment by the employers and were not allowed to voice their ... More

INTERVIEW

`We will reap CAS benefits by altering content strategy' — Mr Markand Adhikari, MD, Sri Adhikari Brothers Television
SRI Adhikari Brothers Television Network (SABTN) is expected to return to profits during the current fiscal, according to Mr Markand Adhikari, Vice-Chairman and Managing Director of the company. In an interview to Business Line, ... More

OUTLOOK

Mauritius a test run for Arvind Mills, post-2005
The company is looking at leveraging the African Growth Opportunities Act, which will allow the Mauritius operations a quota-free entry into the US till 2008 once it achieves vertical integration of operations. More

Red FM hopes to break even by mid-2005
THE India Today group hopes to break even on its Red FM initiative by mid-2005, three years after it launched its FM operations in Mumbai in July 2002, followed by the launch of FM channels in Delhi and Kolkata. Speaking to Business ... More

PERFORMANCE

BSP saleable steel output up 24 pc in Q1
BHILAI Steel Plant (BSP), one of the integrated units of Steel Authority of India Ltd (SAIL), produced about 9.9 lakh tonnes of saleable steel during April-June quarter this year, recording a growth of 23.8 per cent compared to its production in ... More

Tata Steel crude steel production crosses 1 m.t.
TATA Steel's crude steel production in the first quarter of fiscal 2004 has surpassed the one-million-tonne mark. According to an official statement, saleable steel production for the period was 0.989 million tonnes, 17 per cent more than the ... More

Eicher Motors June sales up
EICHER Motors Ltd (EML) has registered a 32 per cent growth in sales of its commercial vehicles in the domestic market during the month of June 2003 as compared to June 2002. EML sold 1,266 vehicles in the domestic market during June 2003 as ... More

Nalco Q1 output exceeds target
NATIONAL Aluminium Company Ltd, a public sector undertaking under the Ministry of Mines, produced 72,848 tonnes of aluminium cast metal and 3.69 lakh tonnes of calcined alumina during the first quarter this fiscal as against the target of 70,100 ... More

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