The Hindu Business Line : Wednesday, February 02, 2005

It is official! Qualis phased out
TOYOTA Kirloskar Motor on Tuesday said it has withdrawn its best selling model, the multi-purpose Qualis. In a press statement, Toyota said Qualis will be replaced with a new model which will combine the elements of both an MPV as well as a ... More

OVERSEAS BORROWINGS

Corporates mull strategies to hedge forex risks
CORPORATE India seems to have started watching the changes in the forex market. Even though the panic buttons have not yet been pressed, companies have started looking at various strategies to keep their bottomlines intact. The dollar ... More

MANPOWER

FACT staff not keen on VRS
THE question of sustenance after taking up voluntary retirement seems to have become a dissuading factor for the employees of the Central public sector Fertilisers and Chemicals Travancore Ltd (FACT) who are reluctant to opt for VRS. The ... More

RESTRUCTURING

Hinduja TMT to spin off media biz
HINDUJA TMT (HTMT) has decided to demerge its media business into a separate entity. The board, which approved the proposal on Monday, has authorised a committee of directors to work out a detailed scheme. The proposal presented by the ... More

NEW PROJECTS

Malaysian co sets up RMC plant
IJM Corporation Berhad, a construction company from Malaysia, has set up a ready mix concrete (RMC) plant at Bachupally near here. The Rs 3.2-crore plant, with a production capacity of 120 cubic metres per hour of RMC, is set up through IJM's ... More

Tamilnadu Petro to set up LAB plant in Singapore
The project is being funded on the basis of a debt-equity mix of 70:30. TPL intends to keep at least 51% of the $75-m equity. More

OUTLOOK

Nepal emergency: Indian cos to wait and watch
INDIAN companies that have invested in Nepal appear to have adopted a wait-and-watch policy after King Gyanendra declared a state of emergency earlier on Tuesday, after suspending the elected Government. Indian carriers including Indian ... More

Export-led strategy to help Reliance take on global majors
RELIANCE Industries Ltd (RIL) is on a makeover — from the `import substitution' mantra that was the core to its strategy all these years to a genuinely export-led strategy. The identification of this new growth engine has begun to show ... More

Petroleum Ministry asks CPCL to resume naphtha supply — MFL hopes to continue production
MADRAS Fertilizers Ltd, which was to be shut down today due to feedstock shortage, hopes to continue production following Petroleum Ministry's intervention on its behalf with Chennai Petroleum Corporation Ltd (CPCL). According to the MFL ... More

PERFORMANCE

Bajaj Auto 2-, 3-wheeler sales increase 24.9 pc in Jan
BAJAJ Auto Ltd (BAL) today reported a 24.9 per cent rise in its two- and three-wheeler sales to 1,58,709 units for January 2005 from 1,27,022 units in the corresponding previous month. Its total two-wheeler sales for the month were up 33.1 per ... More

Maruti sales down 1.2 pc in January
A DOUBLE-digit decline in both exports and sales of the Maruti 800 has resulted in a 1.2 per cent dip in Maruti Udyog's total sales during January. The company sold 48,544 vehicles in January (including 3,244 units of exports) against 49,141 ... More

Hero Honda Jan sales up
NEW DELHI: Hero Honda has recorded a 17.5 per cent rise in sales in January 2005 to 2,30,280 units over the 1,95,982 motorcycles sold in January 2004. The cumulative sales for April 2004-January 2005 was up 29. 4 per cent at 21,66,261 ... More

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Export-led strategy to help Reliance take on global majors

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