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

Tuesday, July 10, 2001

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Corporate

Automobiles
Pushing sales of Accord -- Honda to target City customers
HONDA Siel Cars India Ltd will target the more than 30,000 Honda City customers to sell its Honda Accord. The company started creating awareness about the Accord in May, when it sent out direct mail to those who own a City. About 6,000 of them have respo nded to the mail, according to Mr A.M. Gupta, General Manager, Marketing & Sales, Honda Siel.

Corporate
Parry Neutraceuticals expanding product range
PARRY Neutraceuticals, part of the Rs 3,800-crore Murugappa group, is expected to end the current fiscal with a turnover of Rs 17 crore as compared to Rs 7 crore reported in the previous fiscal.

PwC to advise on anti-dumping cases
PRICEWATERHOUSECOOPERS (PwC) plans to capitalise on the ``window of opportunity'' thrown open by the growing incidence of anti-dumping investigations in a relatively open economic environment.

BIFR yet to clear revival package for Pennar Profiles
THE Board for Industrial and Financial Reconstruction (BIFR) is yet to consider and clear the revival package for Pennar Profiles Ltd (PPL), the Hyderabad-based ailing aluminium profiles company, even six months after the Industrial Finance Corporation o f India (IFCI) submitting the package to BIFR.

Stewarts bags order from Hind Fertiliser
STEWARTS and Lloyds of India Ltd, a subsidiary of Tata Steel, has received a Rs 26-crore order from Hindustan Fertiliser Corporation Ltd for its Namrup unit, according to a press release from the company.

`Hygienic codes of practices' -- AQA in pact with FoodCert
AMERICAN Quality Assessors India Pvt Ltd (AQA), a quality assessment and certification services company functioning under the aegis of the US-based AQA, has entered into an exclusive arrangement with FoodCert-NL, the Netherlands-based quality certificati on firm specialising in agro sector, food and allied processing industry, for carrying out assessments and registrations in India on Hazard Analysis Critical Control Point (HACCP) and hygienic codes of practices of European standards.

DCA tracks down 225 listed `vanishing' cos
WITH a view to assist the Securities and Exchange Board of India (SEBI) in tracing the whereabouts of 229 listed companies, which had collected funds through public issues and were not available at their registered offices, the Department of Company Affa irs (DCA) has so far received reports on 225 companies from its field organisations.



Indal to view divestment proposals `positively'
INDIAN Aluminium Company Ltd (Indal), a part of the A.V. Birla group and a follower of its parent group's corporate strategy, has decided to examine every disinvestment proposal made by the Government in areas of its interest ``positively'', said the com pany's Vice-Chairman, Mr A.K. Agarwala, speaking at its 63rd annual general meeting held here today.

Amara Raja's de-risking model on telecom sector
AMARA Raja Batteries Ltd (ARBL), the Rs 162-crore battery major, has evolved a de-risking model to mitigate the problems that may arise from overdependence on the Government policies pertaining to industrial batteries for telecom applications.

AstraZeneca provides for future buyback -- To pay 40 per cent
ASTRAZENECA Pharma India has armed itself with a provision for a future buyback of its shares.

Mutual Funds
SBI MF ties up with postal department
SBI Mutual Fund (SBI MF) has tied up with India Posts for distribution of mutual fund products in the country. This is a symbiotic relationship which is expected to generate additional revenues for the Department of Posts and increase the reach of SBI MF 's schemes.

Pharmaceuticals
Aurobindo expands AIDS drug profile
AUROBINDO Pharma Ltd (APL), the fourth largest pharma company in the country having crossed the Rs 1,000-crore turnover mark recently, has expanded its drug profile for AIDS treatment by announcing the launch of two more antiretrovirals from its exclusiv e antiviral division - Imunus.

Power
Inadequate fuel supply -- BSES may drop Saphale project
BSES Ltd may scrap its 500 MW Saphale power project if it is not able to tie up a ``viable fuel supply agreement''.

Steel


Govt closer to IISCO privatisation: Tripathy
THE Steel Ministry has moved ``a step ahead'' towards privatisation of Indian Iron and Steel Company (IISCO), Mr B.K. Tripathy, Union Minister of Steel, said here today.

Telecommunications


Route to the rural market -- BPL Mobile chief swears by high-value traffic
A SUSTAINABLE mix of long-distance and high-value traffic must be ensured for the unbid fourth cell licences relating to West Bengal, Bihar, Orissa and Andaman and Nicobar to trigger some action, according to Mr F.B. Cardoso, Executive Director and Chief Executive Officer, BPL Mobile.


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