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Wednesday, February 06, 2002

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Kinetic to export GF series bikes
KINETIC Engineering Ltd has announced that it has executed a letter of intent (LI) with the $4-billion Hyosung Motors of Korea for exporting the GF series bike range. The Joint Managing Director of Kinetic Engineering, Ms Sulajja Firodia ... More

Mittals not to sell Intl Tractors stake to Renault Agri
THE Mittals of the Delhi-based Sonalika group have refused to sell their stake in International Tractors Ltd to its foreign partner, Renault Agriculture of France, even at a price of Rs 2,000 per share. According to Mr L.D. Mittal, Chairman of ... More

  • BPL gets trading house status

    PRIVATE PLACEMENT


    Opto plans pvt placement to part-fund US buy
    OPTO Circuits Ltd plans to place a part of its equity with some of its overseas clients to part-fund its proposed acquisition of an US healthcare firm, Managing Director, Mr Vinod Ramnani, has said. "We are looking at several options with our ... More

    HUMAN RESOURCES


    The Tata `relief' for VSNL staff
    RELIEVED! That's the sentiment echoed by several employees of Videsh Sanchar Nigam Ltd (VSNL) in reaction to the Tatas acquiring 25 per cent stake in the telecom giant. And this relief stems from attributes such as job security, strong human ... More

    MERGERS & ACQUISITIONS


    Funds tied up: Tatas
    THE Tatas would be acquiring the 25 per cent equity stake in Videsh Sanchar Nigam Ltd (VSNL), through a Special Purpose Vehicle (SPV). The main participant companies in the SPV, will be the Tata Group's main holding company, Tata Sons, and Tata ... More

    Tatas hit jackpot with VSNL
    THE Tata group seems to have hit a jackpot by acquiring strategic stake in Videsh Sanchar Nigam Ltd (VSNL). According to analysts, with one stroke, it will be able to be a dominant player in the international long-distance (ILD) and Internet ... More

    Govt happy with VSNL price: Mahajan
    THE Government is "happy" with the price it received from the Videsh Sanchar Nigam Ltd (VSNL) disinvestment announced on Tuesday, according to Mr Pramod Mahajan, Minister for Communication and Information Technology & Parliamentary ... More

    ICICI gets 5.73 pc Khaitan stake in George Williamson
    THE B.M. Khaitan group has transferred 5.73 per cent of its stake in George Williamson (Assam) Ltd to ICICI Ltd as an upfront fee payment for restructuring the debt of its flagship battery company, Eveready Industries India Ltd. Three Khaitan ... More

    Accel scouting for software cos
    THE Chennai-based Accel ICIM Systems & Services Ltd hopes to increase its revenues from software and services segments for which it plans to go for acquisitions. It is looking at three companies in the networking and software sectors, ... More

    NEW PROJECTS


    IDBI blocks funds for Vadinar project
    THE Essar group's refinery project at Vadinar in Gujarat is stuck again, this time due to a "sibling default''. Industrial Development Bank of India (IDBI) has refused to clear the funding proposal unless the group company, Essar Power, clears ... More

    INTERVIEW


    Bajaj Auto aims to pip Hero Honda
    IT is an interesting churn at Bajaj Auto Ltd (BAL). Though no more India's biggest two-wheeler manufacturer, it has maintained intrinsic value, continuing to be the highest priced two-wheeler stock around. Besides, it plans to regain the ... More

    STANDARDS & BENCHMARKS


  • ISO certification for GMI

    OUTLOOK


    Motorcycles take Bajaj Auto to next evolution stage
    THE key to growing sales amidst recession is to excite the customer. ``People have the money; you must excite them to buy your products. That's why high-end brands are doing well,'' Mr R.L. Ravichandran, Vice-President (Business Development & ... More

    Hughes Tele likely to apply for ILD licence
    HUGHES Tele.com (India) Ltd (HTIL), the telecom subsidiary of Hughes Network Systems, is likely to pick up a licence for international long-distance (ILD) services, which have just been opened up for competition. According to Mr Prakash C. ... More

    PERFORMANCE


    Enron, cows and a whole lot of bull
    WHEN Enron went boom, a good many people got singed in the hip pocket - but the falling debris also hit a lot of folks in the funny bone. Thus, a popular bulletin board on the Net seeks to define the difference between traditional capitalism ... More

  • TVS Motor sales up 12 pc in Jan
    Scoreboard
    SE Diary
    Comments & Letters to the Editor to: bleditor@thehindu.co.in
  • Top Stories
    Tatas pocket VSNL for Rs 1,439 cr, IOC gets IBP


    Restructure State finances or perish: Chelliah

    Bajaj Auto aims to pip Hero Honda

    Tatas hit jackpot with VSNL

    Coffee output slide likely to continue

    Grain curbs off, sugar freed, new policy for drug sector

    GDP growth estimated at 5.4 pc -- Agriculture, services come to the rescue

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Jan. 27-Feb. 2
    Institutional directors of Govt cos 'independent'

    Bharti launches NLD operations

    $1.3-b overseas borrowings -- Reliance set to pay hefty withholding tax

    DX Tech enters e-publishing

    Reviving the market by IPOs

    French tractor major buys out Thapars in 2 ventures

    Infosys forays into testing space

    Herbertsons issue -- Mallya, Chhabria may bury hatchet


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