Financial Daily
from THE HINDU group of publications

Tuesday, August 07, 2001





Labour relations, Hyundai style
FOR a manufacturing plant that has maintained productivity at 95-98 per cent, and has the capability to step up production when required, productivity has not been the central point of discussion in wage talks says Mr A.P. Gandhi, President, Hyundai Moto r India Ltd (HMIL).

Ford to focus on brand-building
WITH the launch of the Mondeo slated for the year-end, Ford India Ltd is in the process of rebuilding its marketing team. The focus, according to the company, is to create brand teams as brand-building is a real challenge in India for automobile companie s.

Crompton looking at ways to exit non-core areas
THE 64-year-old Thapar group company, Crompton Greaves Ltd, hopes to turn around and record a profit during the current financial after registering losses for the last two consecutive years.

Bio-informatics: Do Indian cos have it in their genes?
BIO-INFORMATICS, a rapidly growing segment, in the myriad world of biotechnology, is fast catching the fancy of many domestic pharmaceutical companies. So much so that Indian companies are increasingly looking at setting up separate divisions to tap the enormous potential of this technology.

Thermax announces VRS
ENERGY and environment engineering company Thermax Ltd, which has been on a restructuring mode for the last couple of years, on Monday said it had announced a voluntary retirement scheme (VRS) as part of its ongoing exercise to become a leaner, more comp etitive organisation.

Honda to make Indian arm an export base
HONDA Motor Company Ltd of Japan is planning to make its wholly-owned Indian subsidiary, Honda Motorcycle & Scooter India Pvt Ltd (HMSI), into an export base for sourcing low-end scooters and scooterettes to cater to its operations worldwide.

Financial Performance
Rupa net at 1.02 cr
HOSIERY manufacturer Rupa & Co has posted a net profit of Rs 1.02 crore in the first quarter of the current fiscal as against Rs 57.23 lakhs in the corresponding period of last year.

Indian Hotels to expand capital base
INDIAN Hotels Company Ltd (IHCL), which owns the Taj group of hotels, plans to expand its paid-up share capital from the current Rs 50 crore to Rs 200 crore.

Mutual Funds
JM MF ropes in ABN-Amro for accounting services
JM Mutual Fund has retained ABN-Amro Bank for sourcing fund accounting services. The arrangement is likely to be implemented within a month.

Wockhardt launches anti-depressant drug
MUMBAI: Wockhardt Ltd launched an anti-depressant drug, venlafaxine capsules under the brand name, Flavix-XR on Monday.

Cipla unveils Triomune
MUMBAI: Cipla Ltd launched a triple drug cocktail for HIV/AIDS by the brand name, `Triomune' on Monday. Triomune is a combination of three antiretroviral drugs - Stavudine, Lamivudine and Nevirapine.

JK outsourcing LCV tyres from Chinese co
JK Industries, manufacturer of JK Tyres, has tied up arrangements to outsource LCV tyres from a Chinese manufacturer for meeting the demand for in various world markets. The company is keeping its options open on outsourcing of both truck and passenger t yres from China.

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