THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Wednesday, January 10, 2001

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Corporate

Automobiles
Hero Honda `Passion' to come in 6 colours
HERO Honda Motors Ltd (HHML) has launched a new 100cc motorcycle named `Passion'. The company has said that the new two-wheeler will incorporate enhanced functionality along with HHML's combined strengths of riding comfort and fuel efficiency.

Cement
Shree Cement bid for strategic partner on innovative terms
SHREE Cement Ltd, controlled by Mr B.G. Bangur, wishes to work out an innovative deal for roping in an international cement major as a strategic partner, whereby the partner would invest about Rs 200 crore for capacity expansion but would hold in the com pany a stake equal to or smaller than that of the promoters.

Corporate
Survey rates Infosys, P&G as best employers
INFOSYS Technologies and Procter & Gamble have emerged as the best employers in the country, according to a recent survey conducted jointly by Hewitt Associates and Business Today.

`A1+' rating to HCL Info's CP
MUMBAI: ICRA has assigned an `A1+' rating to the Rs 50-crore enhanced commercial paper programme of HCL Infosystems Ltd, indicating highest safety.

Essel Propack eyes Latin America -- Consolidating business in China
LATIN America will be the new focus area in the future for Essel Propack Ltd, the new merged entity between Essel Packaging Ltd and Propack Holdings A.G.

Sanjeevani's Vedic Village to give a `taste of nature'-- Appoints Hong Kong co as consultant
SANJEEVANI Projects, a city-based real estate developer, has conceptualised and started working on an innovative idea called Vedic Village.

BIFR confirms winding up of Gujarat Steel Tubes
The Board for Industrial and Financial Reconstruction (BIFR) has confirmed its prima facie opinion of winding up Gujarat Steel Tubes Ltd (GSTL).

RoCs, OLs for three new states
NEW DELHI: The Government has appointed registrars of companies (RoCs) and official liquidators (OLs) of Madhya radesh, Uttar Pradesh and Bihar also to function for the new States of Chhattisgarh, Uttranchal and Jharkhand, respectively.

Mutual Funds
`No load' offer from Templeton income fund
FRANKLIN Templeton has sought to make its income fund more appealing by introducing a no-load offer, which would be open till this month-end.

Petroleum


Naik sells India as ideal for oil sector investments
WITH the demand for gas growing at an annual rate of 6-7 per cent, India is a favourable destination for investors considering the world average of two per cent, according to the Union Petroleum Minister, Mr Ram Naik.


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