The Hindu Business Line : Thursday, July 17, 2003

Maruti increases prices marginally
MARUTI Udyog Ltd has hiked prices of its cars by about Rs 350-1,926 to offset the increase in steel prices, industry sources said. The price of Maruti 800 has gone up by Rs 1,926 while Zen and WagonR will also cost Rs 1,925 more. An MUL ... More

ACCOUNTING STANDARDS

ICAI panel plans revision of audit qualification note
THE 30-member central council of the Institute of Chartered Accountants of India (ICAI) is to meet here from July 21-24 to discuss, among other issues, the possibility of bringing about a limited revision to its existing statement on ... More

RESTRUCTURING

Govt waives Rs 70.65 cr interest on MFL debt recast
THE Government has waived over Rs 70.65 crore in interest, and the penal interest on earlier defaulted payments up to March 2003 as part of the debt restructuring proposal submitted by Madras Fertilizers Ltd (MFL). Sources told Business ... More

SECURITISATION

Tata Engg to go for securitisation deal

CORPORATE GOVERNANCE

`Give priority to corporate governance'
THE Chairman of Bloomberg L.P., Mr Peter Grauer, on Wednesday said that good corporate governance should be the priority of any director who heads a company and the US lost its way in corporate governance, which resulted in Enron and WorldCom ... More

NEW PROJECTS

Radico Khaitan installs new ENA plant
THE Rs 620-crore Radico Khaitan has announced the installation of an ENA (extra neutral alcohol) deluxe plant at its Rampur Distillery. ENA is an input used in the production of liquor. According to Mr Lalit Khaitan, Chairman and Managing ... More

ALLIANCES & JOINT VENTURES

Controls & Switchgear ties up with French co
Controls & Switchgear Group today announced a 50:50 joint venture with Leroy Somer of France. Leroy Somer is a part of the $15-billion Emerson Group of the US, with operations in the US, France and China. The new joint venture company, Leroy ... More

INTERVIEW

Elgi Equipments bets on technology for development — Mr Jairam Varadaraj, Managing Director.
We are not keen to spend huge sums on market development. We would rather invest in technology, for this is where bigger strengths in terms of resources are used. More

STANDARDS & BENCHMARKS

ISO certifications for BHEL

OUTLOOK

Optra drives GM to 2nd shift at Halol
UPBEAT with about 600 bookings in less than a week of the launch of its mid-sized notchback Chevrolet Optra and backed by a wait-list for its hatchback Corsa Sail, General Motors India (GM India) has begun production in its second shift for the ... More

Alloy Steel hopeful of Rs 500-cr turnover
The ailing Alloy Steel Plant (ASP) is hoping to increase its turnover by about 40 per cent to Rs 500 crore, and reduce its losses by another 40 per cent to Rs 100 crore, during 2003-04. According to ASP sources, the company's fortunes have ... More

PERFORMANCE

GM Sail(ing) to a breakeven
GENERAL Motors, the world's largest carmaker, has hit pay dirt with Corsa Sail within weeks of its launch in India and has decided to double the sales target of the hatchback to around 4,000 for the current calendar year. The encouraging ... More

ECONOMIC OFFENCES

CBI chargesheets ex-IPCL chief
THE Central Bureau of Intelligence (CBI) on Tuesday filed chargesheet against Mr K.G. Ramanathan, the then Chairman and Managing Director of Indian Petrochemical Corporation Ltd (IPCL), Vadodara and others under various sections of the Indian ... More

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