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Monday, March 08, 2004

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ANNOUNCEMENTS
Petronet India board to mull shut-down plan
DEREGULATION of the petro product pipeline business is poised to claim its first victim. Petronet India Ltd (PIL), a financial holding company formed in 1997 to set up pipelines, is all set to close shop. The board of PIL will be meeting ... More

`Ten Sports won't hike rate for Indo-Pak series'
CRICKET enthusiasts can now breathe easy. Viewing the much-awaited first encounter between India and Pakistan should no more be a problem, provided the local cable operators play a fair game. Cable Distribution Network (CDN), the cable ... More

AUDITING
CAG critical of ONGC subsidising GAIL's gas purchases
IN a bizarre case of cross-subsidisation of one public sector company by another, GAIL (India) purchased gas from Oil and Natural Gas Corporation Ltd (ONGC) at a lower price than the former pays to the joint venture companies (JVs) from which it ... More

HUMAN RESOURCES
BPO wave leads to more jobs in manufacturing
FLIP through job advertisements and you'll find four out of five still seem to be in the information technology sector. But there is an incipient recovery in the jobs scene in the manufacturing sector. The pick-up is palpable in a few ... More

NEW PROJECTS
MRF to establish tyre re-tread franchisees abroad
MRF Ltd intends to establish franchisees for tyre re-treading in different overseas markets. "The impact of this on the export turnover will be seen in 2003-04," says the company's annual report for 2002-03. (The company follows an ... More

REGULATORY BODIES & RULINGS
DCA chalks out programmes to protect investors
THE days of `fly-by-night' companies may be numbered as protecting gullible investors becomes a priority with the regulators. Committed to the task of sheltering investors from being lured by such promoters, the Department of Company Affairs ... More

INTERVIEW
`Royal Enfield has an iconic status'
RIDING on the success of the upgraded version of Bullet Electra, Royal Enfield is confident about reaching its targets for the year. At the launch of the upgraded Electra in September last, Mr Siddhartha Lal, Chief Executive, Royal Enfield, had ... More

OUTLOOK
Pepsi plans to hike capacity by 40 pc
WITH an eye on higher volume sales, Pepsi Foods is planning to raise capacity by upwards of 40 per cent in the current year. The capacity expansion would include setting up of new greenfield plants as well as appointing new franchisee ... More

LG targets $100-m exports this year
LG Electronics, the South Korean consumer electronics and durable major, is planning to more than double its exports from India to $100 million (around Rs 453 crore) in 2004, a top company official has said. "Our exports in the last year was to ... More

Marriott upbeat on Indians travelling abroad
MARRIOTT International, lodging industry major is keen to expand its business from India, whose outbound tourists gave bonanza to its hotels across the globe this year. Its room sales saw an increase of 30 per cent over and above the budgeted ... More

PEOPLE
`The Finns can teach a thing or two about innovation'
INNOVATION, the business gurus always said, is the mother of any successful business. There is more to innovation itself than constantly rustling up new recipes and the Finns and their Nokias can show the rest a thing or two about the art of ... More


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Top Stories
`Royal Enfield has an iconic status'


Software exports may exceed target despite BPO backlash

Mutual funds not keen to disclose average AUMs

Hatsun's `low fat' ad boosts milk sales

Mid-sized pharma cos dream big

Port reforms sailing well

A reality check on India Shining

How corporate governance rating would help

Looking back
Feb. 29-Mar. 6
Unclaimed fixed deposits — Companies favour quarterly transfer to Fund

Ashok Leyland to spend Rs 650 cr on capacity expansion

Borrowing spree in the offshore turf

Will corporates take IDR route?

ONGC expects major gas find in KG basin

Haier buys out entire stake in Indian unit

JB Chem lines up hectic schedule for coming year

BMW team holds talks with Naidu


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