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Monday, May 03, 2004

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ANNOUNCEMENTS
Kesoram to go slow on truck radial plan
THE B K Birla flagship, Kesoram Industries, has decided to go slow on its tentative proposal for manufacturing radial truck tyres. Mr S.K. Parik, Director and Secretary of company, responding to queries recently on the proposal, said that ... More

OVERSEAS BORROWINGS
Low liquidity spurs fall in GDR holding
DESPITE increased FII interest in the Indian equity market, there has been a significant shrinkage in the global depository receipt (GDRs) base of Indian companies. Investors have converted GDRs of several Indian companies into domestic shares ... More

INSIGHT
Short-term pressures on management
A FUNDAMENTAL question that strategy deals with concerns the decisions and actions that a firm must undertake to ensure desired long-term performance. The decisions need to be taken today but the results may only be ... More

COURTS/LEGAL ISSUES
Motorola plea on Iridium to be heard this week
MOTOROLA Inc's plea for a stay on an interim Bombay High Court order last week, ordering it to deposit more than $120 million in the Iridium India case against it, will be heard later this week by the court. The case goes back to 2002 when ... More

SICK UNITS
Trayons revival to take 3-4 months
THE reopening of the sick Travancore Rayons Limited (TRL) at nearby Perumbavoor under a rehabilitation proposal approved by the State Cabinet last month might take another three to four months as the promoters have to finalise various issues such ... More

OUTLOOK
TVS Motor confident of regaining market share
TVS Motor Company Chairman and Managing Director, Mr Venu Srinivasan, has expressed confidence that the company would come back in terms of market share in the current year, with the help of a range of new products. He said at a press ... More

PERFORMANCE
Suzuki Alto drives Maruti's exports to new high
THE diminutive, and till recently not so popular (in the domestic market), Suzuki Alto has spearheaded Maruti Udyog's (MUL) export performance during 2003-04. Maruti clocked record exports of over 50,000 vehicles in the financial year, of which ... More

PEOPLE
Kannan takes over as IBP MD
DR N.G. Kannan, Director (Marketing), Indian Oil Corporation Ltd, has taken over as the Managing Director of IBP Co Ltd in addition to his current responsibilities. This appointment is consequent to the retirement of Mr Arun Jyoti as the ... More


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