CORPORATE
ANNOUNCEMENTS
Apollo Tyres rolls out Acelere range of tubeless car radials
THE Rs 2,300-crore Apollo Tyres Ltd is looking to garner a 20 per cent market share in the replacement segment of passenger car radial category by the end of this fiscal. The launch of H rated Acelere range of tubeless car radials is expected ...
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Bajaj Auto plans bikes with mag alloy wheels
BAJAJ Auto Ltd plans to introduce "mag alloy" wheels imported from China on two of its existing models before 2004-end. In an informal chat with reporters after a press conference to launch the 125-cc Bajaj Discover here, Mr R.L. Ravichandran, ...
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Novo Nordisk halts trials on Dr Reddy's diabetes drug
NOVO Nordisk has decided to terminate further clinical development of Balaglitazone, a promising candidate for type-2 diabetes from Dr Reddy's Laboratories . The decision comes as yet another setback to the drug discovery pursuit of Dr Reddy's ...
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OUTSOURCING
Nicholas Piramal may ink 4 outsourcing deals — Plans to set up manufacturing facility in Himachal
Nicholas Piramal India Ltd (NPIL) expects to ink four more outsourcing deals by March 2005. The company is also in the process of setting up a manufacturing facility at Baddi, Himachal Pradesh, for the domestic market. In line with its ...
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COURTS/LEGAL ISSUES
Sahara challenges StarOne name
THE Sahara Group has approached the Delhi High Court challenging Star India's decision of naming its new entertainment channel StarOne. Sahara contends that the name SaharaOne is an umbrella brand for its entertainment business. It said that it ...
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HUMAN RESOURCES
Co Secretaries honing skills for Indian MNCs
TO tap the fresh avenues thrown open with the advent of Indian multinational companies (MNCs), the company secretary (CS) professionals are sharpening their technical skills for a cross-cultural business environment. Opportunities have been ...
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NEW PROJECTS
ABB to set up engg, operations centre in Bangalore
ABB, the leading power and automation technology group, announced on Wednesday that it would establish a dedicated engineering and operations centre here. The new facility will be managed by the Group's Indian subsidiary and will serve as a ...
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Macmillan India's new subsidiary
CHENNAI: Macmillan India Ltd is setting up a subsidiary company called MPS Technologies Ltd to offer a range of technology driven services to the publishing industry worldwide. Mr F. Chandrashekar, Chief Financial Officer, Macmillan ...
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OUTLOOK
Kinetic Engg mulls contract manufacturing of engines
KINETIC Engineering hopes to capitalise on the boom in the auto component industry and will start making complete engines or parts of it for various manufacturers, its Joint Managing Director, Ms Sulajja Firodia Motwani, has said. Ms ...
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PERFORMANCE
Usha Martin to scale up production
USHA Martin Ltd (UML), the world's No 2 wire rope manufacturer, has transformed its Dubai unit into a joint venture with Gustav Wolf of Germany, one of the leading names in the industry. The 60:40 venture - the majority control is with Usha ...
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