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

Monday, September 10, 2001

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Corporate

Automobiles
Eicher to foray into HCV market in Q4
AFTER a delay of more than a year, Eicher Motors Ltd will launch its maiden offering in the recession-hit heavy commercial vehicle (HCV) market by January-March 2002, Mr Rakesh Kalra, Managing Director, said.

Indiapistons-Repco turns sick
A subsidiary of India Pistons, Indiapistons-Repco, turned sick during 2000-01 and has been referred to the BIFR. The company produces flywheel starters and ring gears.

Corporate
Allow 100 pc foreign holdings: CII
THE Confederation of Indian Industry (CII) has sought removal of the existing overall cap of 49 per cent for portfolio investments by foreign institutional investors (FIIs), overseas corporate bodies (OCBs) and non-resident Indians (NRIs) in a listed com pany.

ITH gets Gray Line franchise
INTERNATIONAL Travel House, which has acquired the exclusive franchise for north India from the US-based Gray Line, is to launch Gray Line Luxury Coach operations in India.

Financial Performance
Hit by recession, India Pistons in the red
INDIA Pistons Ltd, part of the Chennai-based Amalgamations group and a leading supplier of pistons for automobiles, has reported a net loss of Rs 3.62 crore for the year 2000-01, as against a net profit of Rs 7.05 crore in the previous year.

Concor announces 67 pc dividend
CONTAINER Corporation of India Ltd (Concor) has announced a dividend of 67 per cent in its Annual General Meeting for the year ended March 2001.

PSU
Singareni Collieries chalks out expansion strategy
TO brace up to a more deregulated environment, the Government-owned Singareni Collieries Ltd has charted out a major expansion plan which entails opening up of about 10 new mines -- four open cast and six underground.

Paper/Packaging
Bilt to revamp production units
IN a determined move to establish absolute supremacy in both ``coated'' and ``uncoated'' segments of the domestic paper market, Ballarpur Industries Ltd (Bilt) of the Thapar Group has decided to make sizeable investments in complete revamp of the manufac turing process in all its eight production units spread across the country.

Pharmaceuticals


Aurobindo poised to spread wings
Aurobindo Pharma Ltd (APL), the Hyderabad-based pharmaceutical major, incorporated in 1986, now ranks amongst the top five pharma companies in the country in terms of turnover. It has a large product basket covering fast growing key therapeutic segments in active pharmaceutical ingredients (APIs), formulations and drug intermediates supported by the state-of-the-art R&D facilities.

DRL insulin sensitiser under trial
DR Reddy's Laboratories Ltd (DRL) has announced that Novo Nordisk has established clinical proof of concept for its novel dual-acting insulin sensitiser - DRF 2725.


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