Automobiles
Bajaj Auto bets on new products, hiked capacity to expand presence
HIGHER volumes, a major chunk of the motorcycle market segment and a better performance in the scooter segment are what the Pune-based Bajaj Auto Ltd is aiming for during the next financial year.
Bajaj Auto gets set to rev up performance
AT the official launch of India's first cruiser bike, Eliminator, Mr Rahul Bajaj, Chairman & Managing Director, Bajaj Auto Ltd (BAL) sought to dispel speculation of the company losing its position as the country's biggest 2-wheeler manufacturer.
BAL heart lies in India
Bajaj Auto, it would seem, both gains and loses due to its dominant position in the Indian 2&3-wheeler market.
Toyota Kirloskar ups Qualis sales target
TOYOTA Kirloskar Motor Ltd (TKM), which exceeded its year 2000 sales target of 20,000 units for the multi-purpose vehicle (MPV) `Qualis', selling 21,785 units, has targetted sale of 35,000 units for 2001.
Corporate
Dunlop claims Rs 50 cr in suit against UBI CMD
MR Justice D.K.Seth of the Calcutta High Court, in a damage suit filed by Dunlop India, has issued an injunction restraining Mr Biswajit Choudhury, Chairman and Managing Director of United Bank of India (UBI), from using any statement derogatory to the m
anagement of Dunlop India.
Global Tele-Systems to allot ESOP shares
MUMBAI: The board of directors of Global Tele-Systems Ltd will meet on Tuesday to consider and approve allotment of up to 38,000 equity shares of Rs 10 each for cash at a premium in terms of Employees Stock Option Scheme of the company.
Chairman of City Chambers panel
CHENNAI: Mr. A. Bhawarlal Nahar, President, Andhra Chamber of Commerce, has been elected as the Chairman of the Consultative Committee of City Chambers of Commerce for 2001-02, according to a Andhra Chamber press release.
Financial Performance
Crompton Greaves net loss at Rs. 37 cr
MUMBAI: Crompton Greaves has reported a net loss of Rs. 37.14 crore for the quarter ended December 12, 2000.
Sundaram Brake Q3 net dips 30%
SUNDARAM Brake Linings Ltd has reported a net profit of Rs 1.71 crore for the quarter ended December 31, 2000, which is 30.29 per cent lower than the company's turnover for the corresponding quarter last year. In the third quarter of 1999, the company's
net profit stood at Rs 2.45 crore.
Siemens Q1 net up 183%
MUMBAI: Siemens Ltd has announced a net profit of Rs 15.87 crore for the first quarter ended December 31, 2000 compared to Rs 5.69 crore for the corresponding period last year representing a growth of 179 per cent.
Ajanta Pharma Q3 profit down
MUMBAI: Ajanta Pharma Ltd has reported a drop in profit after tax at Rs 1.50 crore in the third quarter ended December 31, 2000, as against Rs 2.26 crore in the corresponding period last year.
Information Technology
Tech scrips `to be back in demand'
A BOUNCEBACK in demand for technology stocks is due as the IT slowdown will not sustain beyond a short period of time, according to Mr Dileep Madgavkar, Chief Investment Officer, Prudential ICICI Asset Management Co.
Petroleum
Shell hopes to sell LNG from Hazira
SHELL is confident that it will survive the attrition to follow the LNG terminal business on the north-west coast of the country.
Stocks
Cochin SE set to launch trading in derivatives
THE Cochin Stock Exchange has completed the formalities for trading in derivatives and debt market on the Bombay Stock Exchange (BSE).
Textiles
Rehabilitation scheme for TTK Textiles
THE Board for Industrial and Financial Reconstruction (BIFR) has sanctioned a rehabilitation scheme for TTK Textiles Ltd (TTKTL), belonging to the TTK Group of Companies.
Tyres
Tyre makers profitability unlikely to grow: Crisil
improve in the next couple of years due to firm raw material prices and increasing competition in the car tyre category, according to the credit rating agency Crisil.
