The Hindu Business Line : Sunday, June 20, 2004

ANNOUNCEMENTS
New submersible pumps with impeller technology
WATER pump manufacturing company CRI Pumps Pvt Ltd has introduced the `Deep-float series 4' submersible pumps with Floating Impeller Technology. According to company sources, the technology has been aimed at strengthening the pump's efficiency, ... More

PREFERENTIAL ALLOTMENTS
Max India drops plan to offer equity to ChrysCapital — To give fresh holdings to Warburg Pincus, promoters
CLOSE on the heels of the private equity fund Warburg Pincus coming forward to pick up 29 per cent equity stake by investing Rs 200 crore in the company, Max India Ltd has decided to drop the earlier proposal of offering equity holding to ... More

STANDARDS & BENCHMARKS
Cipla stands by quality of AIDS drugs; to repeat test for WHO listing
THE recent decision by the World Health Organisation (WHO) to drop two of Cipla's anti-AIDS drugs from the WHO pre-qualification list is likely to be no more than a hiccup for the company, say pharma industry analysts. The WHO has recently ... More

OUTLOOK
Bajaj's strategy to boost visibility in TN — Rolls out Boxer AT; plans more launches
BAJAJ has come out with a 100 cc motorcycle that costs Rs 26,000 exclusively for the Tamil Nadu market. The strategy was to "populate the Tamil Nadu market with Bajaj vehicles and (thereby) improve visibility for Bajaj," Mr R.L. Ravichandran, ... More

Titan looks beyond watches; sunglasses, leather products in pipeline
TITAN Industries has embarked on a multi-pronged approach to sustain its current growth levels, by entering several new product areas while also increasing focus on its global operations. On the one hand, the company has decided to extend its ... More

HCI expects to more than double its turnover
AIR INDIA subsidiary Hotel Corporation of India (HCI) has estimated that it can more than double its turnover from Rs 55 crore to Rs 110 crore in the next one year as its Centaur hotels in Delhi and Srinagar are doing brisk business. Official ... More

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