Automobiles
Bajaj targets 25 pc share in motorcycles
BAJAJ Auto Ltd (BAL) is targetting a 25 per cent market share in the motor cycles segment during the current fiscal as against 21 per cent share it has cornered last year.
Tata Engg securitisation programme gets `MAAA (SO)'
ICRA has assigned an `MAAA (SO)' rating to the Rs 112.35-crore securitisation programme of Tata Engineering. The rating indicates highest safety.
Auto cos gearing up for LPG offerings
WITH the Government officially notifying the use of liquefied petroleum gas (LPG) as an auto fuel, passenger car manufacturers are planning to offer vehicles running on this new alternative fuel.
Cement
Orient Cement gets maintenance award
HYDERABAD: Orient Cement, a C.K. Birla group company, has been awarded the total plant maintenance excellence award by the Japan Institute of Plant Maintenance (JIPM), Japan.
Coal
CIL units free to prepare own marketing policy
COAL India Ltd (CIL) has formally empowered all its subsidiaries to prepare their marketing policy independently for non-core sector coal-consumers. A notice has been issued directing the subsidiaries to prepare appropriate procedures for sale of coal an
d coal products to such customers.
Corporate
Board of Approval powers enhanced
THE Government has enhanced the powers and functions of the recently constituted combined Board of Approval for export oriented unit (EOUs)/ export processing zone (EPZs) and special economic zone (SEZ) schemes.
Optical fibre network -- Pune, next stop for Tata Power
TATA Power, which had announced plans to lay an optical fibre cable (OFC) network in Mumbai, has already finished work on laying cables up to Chinchwad near Pune.
Dunlop mulling `no-work-no-pay' condition
CHENNAI: The Dunlop India Ltd management is considering a proposal to impose a no-work-no-pay condition and reduction in allowances to workers pending recommencement of operations, according to sources.
Moody's changes outlook on Reliance
MUMBAI: Moody's Investors Service has changed the outlook for the `Ba2' rating on the debt securities of Reliance Industries Ltd from ``positive'' to ``stable''.
Fewer companies registered in May
THE number of companies registered during May 2001 decreased, compared to the same month the previous year. During the month under review, 1,978 companies were registered under the Companies Act, 1956 as against 2,685 companies registered during the prev
ious year period.
Godrej & Boyce CP downgraded
MUMBAI: Crisil has downgraded the Rs 50-crore commercial paper programme of Godrej & Boyce Manufacturing Company Ltd (G&B) to `P1' from `P1+' previously.
110 cos to take part in garment fair
HYDERABAD: About 110 companies with internationally-known brands are expected to take part in the 3-day garment fair being organised in Hyderabad between August 17 and 19.
Honour for Prof Obaid Siddiqui
NEW DELHI: Prof Obaid Siddiqui, an eminent biologist and Director, National Centre for Biological Sciences, Bangalore, received the G.M. Modi Innovative Science and Technology Award for the year 2001 here on Thursday.
Management
Blueshift to `e-nable' XLRI test
THE Jamshedpur-based management school XLRI and Blueshift, a Chennai-based software solutions provider, have come together in a venture that will take XLRI's MBA admission test online.
XLRI course in Dubai
XLRI, one of the country's oldest management education institutions, is all set to begin its first venture abroad -- in Dubai.
Mutual Funds
Cholamandalam MF to advise Cazenove on India fund
MONTHS after it parted ways with Cazenove Fund Management of UK, Cholamandalam Mutual Fund has confirmed that the association is not quite over, courtesy a India-dedicated offshore fund run by its former partner.
Pharmaceuticals
Glaxo SmithKline offers VRS for Worli unit workers
GLAXO SmithKline has said that it is offering a voluntary retirement scheme (VRS) for its employees at the Worli plant. According to a company official, about 540 workers are expected to avail of this scheme.
Anti-smoking drug from Sun Pharma
SUN Pharmaceuticals Ltd on Friday launched an anti-smoking drug, `Smoquit'. The drug (buproprion SR 150 mg tablets) is being priced at Rs 13.50 per tablet.
Alembic looking for partners to enter US
THE Ahmedabad-based pharma firm, Alembic Ltd, is to enter the US markets and is negotiating with leading generic manufacturers to join the company as associated suppliers.
Stocks
CSE to bring 48 scrips under permitted category
THE Calcutta Stock Exchange has decided to allow a new bunch of 48 scrips to be traded on its platform under the permitted category. The trading in the scrips will begin from August 25.
