The Hindu Business Line : Friday, December 05, 2003

Ex-HC judge to probe Gulf Oil unit blast
THE Andhra Pradesh Government has appointed Mr Justice A. Gopal Rao, retired High Court Judge, as a one-member commission of inquiry into the recent blast in one of the units of Gulf Oil Corporation Ltd here. The commission has to complete its ... More

ANNOUNCEMENTS

Ford Endeavour launch delayed
FORD India has encountered a delay in the launch of its Endeavour sports utility vehicle (SUV), as the company is yet to receive approval from the Automotive Research Association of India (ARAI). Ford had originally scheduled to roll out ... More

Maruti selected to manufacture Suzuki's new compact car
MARUTI Udyog Ltd (MUL) has been selected to be part of a five-country new product launch programme by Suzuki Motor Corp, which has announced its New Compact Car (NCC) project on a brand new platform. Suzuki's new project envisages a brand new ... More

Toyota to hike Qualis' price in January
TOYOTA-Kirloskar said on Thursday it would increase the price of its multi-purpose vehicle Qualis in January 2004. Toyota-Kirloskar's Deputy Managing Director, Mr K.K. Swamy, told Business Line that the decision to hike the price was ... More

MICO mulls fresh investments in new projects
MICO Bosch said on Thursday that it was evaluating plans to invest millions of euros to produce common rail injection system and electronic diesel control system. "The investment would be in the range of two digit million euros," the MICO ... More

Balaji Railroad bags Rlys contract for seven projects
BALAJI Railroad Systems Ltd, a Hyderabad-based Railway consultancy company, has bagged seven projects from the Railways under the National Rail Vikas Yojana launched by the Centre in December 2002. The company said that the technical review and ... More

MERGERS & ACQUISITIONS

Suven board okays merger of subsidiary
THE board of directors of Suven Pharmaceuticals Ltd, at its meeting held on Thursday, approved a proposal to merge its wholly-owned subsidiary — Suven Synthesis Ltd — into the company. In a communiqué to stock exchanges, the ... More

ALLIANCES & JOINT VENTURES

Liquid milk biz turns sour for Britannia
BRITANNIA Industries Ltd's move to hive off its dairy business to Britannia New Zealand Foods Private Ltd — a 49:49 joint venture with the Fonterra Cooperative Group of New Zealand — does not seem to be paying dividends. The joint ... More

DIVERSIFICATION

Deepak Fertilizers plans Rs 100-cr specialty mall — To showcase products for building sector
DEEPAK Fertilizers and Petrochemicals Corporation Ltd plans to set up a Rs 100-crore specialty mall spread over 5,00,000 sq ft in Pune to bring under one roof all products and services related to the building and construction business. The ... More

OUTLOOK

Honda to invest Rs 200 cr in Indian arm
THE Japanese auto major, Honda Motor Company, will invest Rs 200 crore in its Indian unit over the next two years to expand operations and increase local components in its vehicles, a top company official said on Thursday. "We have started ... More

Mafatlal aims to double turnover
MAFATLAL Industries Ltd (MIL), which has been through a difficult phase for the last few years, is in rehabilitation mode and is aiming to double its current turnover by 2004-05 with a mix of new value-added products. Mr Prem Malik, CEO ... More

PERFORMANCE

Tata Motors Nov sales up 56.5 pc
TATA Motors Ltd has reported a 56.5 per cent rise in total sales for November to 25,265 units as against the previous corresponding 16,147 units. According to an official statement, commercial vehicle sales for the month were up 57.9 per cent ... More

Eicher Motors Nov sales rise 46%
EICHER Motors Ltd has registered a growth of 46 per cent in its sale of commercial vehicles in November 2003 over the same month last year. Eicher sold 1,357 vehicles in November 2003 as against 930 vehicles in November 2002. According to the ... More

Hyundai mulls third shift to meet demand
HYUNDAI Motor India today said that it is contemplating introduction of a third shift at its manufacturing facility near Chennai from January 2004 to meet the surge in domestic and export demand for Santro Xing. The company had earlier ... More

NEW PRODUCTS & SERVICES

Upgraded version of Grand Vitara to hit roads soon
HOT on the heels of launching a re-designed Zen and WagonR, Maruti Udyog is set to launch an upgraded version of its premium sports utility vehicle (SUV) Grand Vitara in the next one to two weeks. According to industry sources, the new Grand ... More

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