Automobiles
Honda hopes western region to account for 35% of Accord sales
HONDA Siel Cars India Ltd (Honda Siel) today formally launched the new Honda Accord in the western region.
Bajaj Auto to go 5-day week at Akurdi plant
TWO- and three-wheeler manufacturer Bajaj Auto will resort to a 5-day production week at its Akurdi facilities beginning Friday, July 13, in a bid to tide over the recession in the market and falling demand for scooters.
Indica sales up 16.5% in June
TATA Engineering sold 4,758 units of the Indica in June, a 16.5 per cent rise over the same period the previous year.
Corporate
Reliance enters Forbes list
MUMBAI: Reliance Industries Ltd (RIL) is among four Indian companies listed in the Forbes International 500 list.
Investment Trust plans to venture into stock broking
INVESTMENT Trust of India Ltd, sponsors of Kothari Pioneer Mutual Fund, has proposed to branch out into stock broking and distribution of financial products.
Search for new management at Montari Leather
THE Industrial Development Bank of India (IDBI) has been directed by the Board for Industrial and Financial Reconstruction (BIFR) to advertise for a change of guard for Montari Leather Ltd (MLL).
Questar ties up with US genomics co
QUESTAR Bioinformatics Ltd (QBL), the proteomics start-up from the drug major, Gland Pharma, has entered into a strategic alliance with AlphaGene Inc., the Woburn, Massachussets-based genomics company.
ICICI working on strategy for global presence
ICICI Ltd has said that it is working out a strategy to enhance the group's international presence.
Nod for 26% Andrew Yule stake in Descon
NEW DELHI: The Cabinet has approved a proposal of Andrew Yule & Company Ltd (AYCL) to acquire 26 per cent equity stake in Descon Consultants and Investments Ltd on a preferential allotment basis.
Engineering
Cummins looking at global synergies
CUMMINS India Ltd's customers will be able to access the complete product range available globally from various Cummins entities. Also, according to company sources, a better integration with its world-wide product range has been identified as a ``key ch
allenge''.
Petroleum
CPCL to seek nod for raising board strength
CHENNAI Petroleum Corporation Ltd (CPCL) wants to increase the strength of its board of directors by inducting three independent directors. The company will seek shareholders' permission for this at its forthcoming annual general meeting.
Pharmaceuticals
Orchid Chem embarks on a major revamp -- McKinsey recommends detailed strategy
ORCHID Chemicals & Pharmaceuticals Ltd (OCPL), the Rs 372-crore pharma company with core competencies in cephalosporins, has embarked upon a major restructuring programme following the recommendations of McKinsey & Company, the leading international mana
gement consultants.
Orchid Chem.:To expand board for IFC member
ORCHID Chemicals & Pharmaceuticals Ltd (OCPL) proposes to expand the strength of its board to 15 from the existing level of 14, aimed at accommodating the representative of International Finance Corporation (IFC), Washington.
