The Hindu Business Line : Wednesday, December 14, 2005

Skoda to hike car prices in Jan; launches Laura
SKODAAUTO India has said it would hike the price of its cars by up to Rs 30,000 from January owing to increased freight costs. "The price of 12 models of cars from SkodaAuto India will go up between Rs 15,000 and Rs 30,000," the Managing ... More

Ranbaxy to file new application for anti-malarial drug
RANBAXY Laboratories Ltd plans to file, in early 2009, a New Drug Application (NDA) for its anti-malarial drug, which is a combination of the short acting molecule called RBx 11160 and the long-acting piperaquine phosphate (PQP). RBx 11160 is ... More

Clarification

MERGERS & ACQUISITIONS

Gujarat Setco buys Dana Corporation unit
GUJARAT Setco Clutch Ltd on Tuesday reported acquiring Lipe Clutch Division of Dana Corporation, through its wholly-owned subsidiary, Setco Automotive (UK) Ltd. The acquisition cost was Rs 16 crore and was funded in part from the Rs 15-crore ... More

McLeod Russel buys Doom Dooma Tea for Rs 69 crore
HINDUSTAN Lever Ltd (HLL) announced that it is selling off its Assam-based wholly owned subsidiary, Doom Dooma Tea Co Ltd, to McLeod Russel India Ltd (MRIL) for Rs 69 crore. On Tuesday, a formal Memorandum of Agreement was signed between the two ... More

NEW PROJECTS

VW team holds talks with TN Govt
A TEAM from Volkswagen, the German car manufacturer, on Tuesday held discussions with the Tamil Nadu Government officials, as part of its on-going process of finding a location to set up a manufacturing plant. According to reliable sources, ... More

GM may set up product development centre in India
THE world's largest carmaker, General Motors, expects to set up a full product development centre in the country, which includes a car design centre and a test track. "We really can't say how soon it will be because it is entirely dependent on ... More

SOCIETY & DEVELOPMENT

The business of social responsibility
THE World Business Council for Sustainable Development has defined corporate social responsibility (CSR) as the "ethical behaviour of a company towards society". The public expects businesses to behave ethically and ... More

OUTLOOK

Honda to invest Rs 700 cr over next five years
UPBEAT about the outlook for the Indian automobile industry, Japanese auto major Honda on Tuesday said it would be investing up to Rs 700 crore in its Indian subsidiary over the next five years to double production and launch new models and ... More

PEOPLE

Rashid Mirza — A passion for hard work
`RED Tape' may be the brand that got him recognition on the global arena, but red tape is precisely what Mr Rashid Mirza had to counter on a daily basis while transforming a fledgling tannery business into one of the country's largest leather ... More

Hyundai India to get new MD
HYUNDAI Motor India is set to see a change at the top with Mr H.S. Lheem, who currently heads Hyundai Motor's Turkey operations, taking over as Managing Director in India. Mr Lheem has about three decades of vast and varied experience and has ... More

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Employers bullish about hiring: Survey

Domestic zinc prices may rule firm next year

Bear grip on edible oils may extend till June

CMIE increases GDP growth forecast to 7.6%

Passenger car sales down 2.31 pc in Nov

Govt identifies more PSUs for divestment

On questionable questions

Foreign flag vessels may bring down LNG import costs

Protests against sending French ship to Alang — Allowing the highly hazardous Clemenceau will 'harm workers'

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