The Hindu Business Line : Thursday, December 19, 2002

The Indigo is Rs 4.35 lakh
THE new mid-size car from Tata Engineering, the Indigo, will cost Rs 4.35 lakh (ex-showroom, Delhi) in its cheapest version, the base petrol model. Altogether, prices for the car's three petrol and two turbo-diesel variants would range from Rs ... More

CESC to rework accounts after AGM with new rates
CESC Ltd, the RPG-controlled power utility, will begin reworking its accounts on the basis of the rates announced by the West Bengal Electricity Regulatory Commission (WBERC). High-level CESC sources told Business Line that this exercise ... More

Max institute gets ADB's healthcare loan
MAX Healthcare Institute Ltd has been sanctioned the first ever private sector healthcare loan of $20 million, approximately Rs 98 crore, by Asian Development Bank (ADB). This loan will support Max Healthcare's plans to create an integrated ... More

Cummins filters come under Fleetguard brand
TO make deeper inroads into the original equipment manufacturer (OEM) and the after-market segments, Fleetguard Filters India Pvt Ltd has decided to put Fleetguard filters in place of the current Cummins filters. Talking to presspersons, Mr Rick ... More

Ashok Leyland launches new range of heavy vehicles
ASHOK Leyland, the flagship commercial vehicle manufacturer of the Hinduja group, has announced the launch of its new range of heavy commercial vehicles (HCVs) powered by its `H' (Heno) series engine. The launch of this new upgraded range with ... More

CORPORATE DISPUTES

Dr Reddy's wins patent battle with Pfizer
IN a significant development for the US generics market business of Dr Reddy's Laboratories Ltd, the US court for the district of New Jersey has dismissed on Tuesday Pfizer's complaint against Dr Reddy's Labs on the ground that the patent term ... More

Indian embassy seeks release of Arun Jain
THE Indian embassy in Indonesia has asked for the release of Mr Arun Jain and Mr Rajiv Malhotra and has extended its guarantee that they would be available for further interrogation if necessary. It may be recalled that the Indonesian police, ... More

ESOPS

Options, one too many
Mohan R. Lavi on the grey areas in accounting for stock options More

AWARDS & HONOURS

MRF bags FICCI award for sports
MRF Ltd has been given the "Outstanding corporate sports initiative" award by the Federation of Indian Chambers of Commerce and Industry for 2001-02. The Prime Minister, Mr Atal Bihari Vajpayee, presented the award to Mr K.M. Mammen, ... More

RESTRUCTURING

Ind-Swift board okays merger with 2 group cos — To scout for partner for Labs
THE Chandigarh-based pharma company, Ind-Swift Ltd, has set rolling its initiative towards consolidation of operations, as part of its preparations for the post-patent regime, come 2005. The company has received the green signal from its board ... More

MERGERS & ACQUISITIONS

IDBI sells Jindal Thermal shares

NEW PROJECTS

C&W to expand real estate services
THE India operation of US-based real estate services company, Cushman and Wakefield (C&W), is all set to extend its new range of services. The company is going to launch its Facility Management division early next year, which will be later ... More

ALLIANCES & JOINT VENTURES

Greaves plans tie-ups abroad
THE Rs 600-crore Greaves Ltd has announced plans to tie up with Gomaco, US, leaders in concrete paving, Soilmec Spa, Italy, for piling machines, and Extec, UK, for crushers, impactors and screens. The company is also bringing in a series of ... More

INTERVIEW

`Connectivity will benefit us immensely' — Mr T. Ananthanarayanan, ED-Finance, Ashok Leyland
ASHOK Leyland is just about to complete the sprint part of an IT marathon that began over two years ago. All that remains to be done to complete a full-fledged enterprise resource-planning (ERP) package is to get its oldest and biggest plant, ... More

DIVERSIFICATION

Luxor scripts a new plan
Hotels, processed foods and packaged water. That's what Luxor Writing Instruments' diversification map looks like. Can it pull off all this successfully? More

SICK UNITS

Uncertainty hovers over Trayons revival
UNCERTAINTY over rehabilitation of the sick Travancore Rayons Ltd (Trayons) at nearby Perumbavoor still persists as the Government has yet to take a decision on the revised demands of the promoters presented to it some three months back. The ... More

OUTLOOK

Indigo may turn a winner all the way
THE most-awaited mid-size car is finally out. For a novice into this segment, the Tata Indigo stacks up pretty impressively against the existing motley convoy of mid-size cars. With pricing that is a surely going to make the competition's jaws ... More

PERFORMANCE

TVS Victor sales cross 3-lakh mark
TVS Motor Company, today announced that the sales of "TVS Victor" have crossed 300,000 units in sales in less than 16 months. According to a company release, the success of "TVS Victor" is attributed to the value that customers see in the ... More

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