The Hindu Business Line : Thursday, July 21, 2005

Apollo Consulting to help build hospital in Poland
APOLLO Consulting Services, the consulting arm of Apollo Hospitals Group and Medicover Investment B.V, an European healthcare company, have signed an agreement "to cooperate around the development" of a 200-bed hospital in Poland, according to a ... More

`Cancer drug, oral insulin programmes on track'
Its discoveries for diabetes and cancer were progressing well and could develop into large global opportunities in the next 2-3 years, its CMD, Ms Kiran Mazumdar Shaw, said. At least one monoclonal antibody for treating different types of ... More

ACCOUNTING STANDARDS

ICAI clarifies on accounting standards of unlisted arms of foreign cos
THE Council of the Institute of Chartered Accountants of India (ICAI) has cleared its announcement - issued in November 2003 - on `Applicability of Accounting Standards to an unlisted Indian company which is a subsidiary of a foreign ... More

TECHNOLOGY

Tax protocol comes into effect on Aug 1 — Indian companies can access Singapore tech at lower cost
CORPORATE India can now access technology at a lower tax cost from Singaporean entities. This is because a protocol signed by India and Singapore lowering the maximum applicable tax rate on payments for royalties and fees for technical ... More

NEW PROJECTS

Shri Lakshmi Cotsyn to enter denim segment
IN the post-quota regime governing global trade in textiles and clothing, only the low-cost efficient producers leveraging economies of scale in operation could succeed. A Kanpur-based company is planning foray to western markets using ... More

REGULATORY BODIES & RULINGS

`Control on corporates inevitable'
KOCHI: Mr R.Vasudevan, Regional Director, Department of Company Affairs, has said that a minimum control on corporates is inevitable in the era of liberalisation to protect the interest of minority shareholders, lenders, creditors and ... More

OUTLOOK

Audi plans to launch A4 model early next year
AUDI hopes to sell 30-35 units of its `bread and butter' car A4 in the first quarter of next year, according to Mr Michael Weber, Country Manager, India, Audi AG. A4, Audi's entry level car, which will be launched early next year in the ... More

Honda plans Civic launch next year — Will invest Rs 650 crore to raise capacity
HONDA Motor Co today said that it would start producing and sell the new Civic in India next year and ramp up overall production capacity to 1,00,000 units by 2010 from the current level of 30,000 units, for which it would be investing about Rs ... More

Britannia eyes new segments for growth
IN an effort to bring about future growth, Britannia Industries Ltd is looking at new business opportunities beyond biscuits but within the larger ambit of the food sector. The company is hoping to increase its revenues through both the ... More

PEOPLE

A. Ramasubramaniam appointed Ashok Leyland ED
MR A. RAMASUBRAMANIAM, till recently the CEO of Eicher Tractors, is the new Executive Director - Product Development, at Ashok Leyland, the Hinduja Group flagship. He takes over from Mr M. Natraj, who will be responsible for the Advanced ... More

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