Financial Daily
from THE HINDU group of publications

Wednesday, September 19, 2001





Maruti market share goes up to 61 pc
MARUTI Udyog Ltd reinforced its position as the largest car manufacturer in the country despite the growing competition by significantly improving its market share to over 61 per cent in April-August, according to the latest industry data.

Talks with Escorts workers by month-end
EFFORTS to end the intensifying strike at tractor maker Escorts Ltd are underway with the Labour Commissioner of the Haryana Government slated to meet the striking workers by the month-end, company sources said today.

Scooter segment checks steep fall
THE scooter industry seems to have arrested the steep falls it had been experiencing through most of last year, although it is far from registering positive growth rates, latest industry data shows.

Auto sales continue to slide; mobikes only hope
MOTORCYCLE sales continued to be the only silverlining in an otherwise disappointing scenario for automobile sales in the first five months of the current financial year with most segments declining significantly, industry data shows.

Slowdown takes toll on CV
AN overall sluggishness in the economy, particularly in the industrial sector, has hurt the fortunes of the commercial vehicle industry with vehicle sales declining over six per cent year-on-year in April-August, data showed.

12 foreign cos in race for BrewCo
TWELVE international brewers are in race for a strategic stake in BrewCo, a demerged beer only company of United Breweries Ltd.

DCA clarifies on appointment of auditor
THE Department of Company Affairs (DCA) has clarified that the provisions of sub-clauses (a) to (c) of Sub-section 1 of Section 224 A of the Companies' Act, 1956, relating to appointment of auditor in certain cases with the approval of the company by spe cial resolution are not mutually exclusive.

Kirloskar bags Rs 444-cr order for mega pump
THE Pune-based Kirloskar Brothers Ltd (KBL) has bagged a Rs 444-crore order from Sardar Sarovar Narmada Nigam to instal what is probably the world's largest pumping system, to supply drinking water to an estimated 30 million people in the drought-prone S aurashtra region of Gujarat.

Nalco divestment in backburner
DESPITE all the discussions on disinvestment of the Government's stake in National Aluminium Company Ltd (Nalco), a sell-off is unlikely to happen, according to sources familiar with the developments. At least, not in the foreseeable future.

Siemens divests stake in arm
MUMBAI: Siemens Ltd on Tuesday announced it had divested part of its stake in Siemens Public Communication Networks Ltd (SPCNL) as part of a buyback announced by SPCNL.

Nicco fears `substantial loss'
NICCO Corporation Ltd has ruled out the possibility of getting back to the dividend list on its operations during the fiscal ending March 31, 2002.

V.C. Burman to continue as Dabur India Chairman
MR V.C. Burman, Chairman, Dabur India Ltd, who was to hand over charge to Mr G.C. Burman, will continue as the Chairman of the company, following the latter's recent and untimely demise.

Unfair trade practice charge -- MRTPC dismisses review application of Reliance
THE Monopolies and Restrictive Trade Practices Commission (MRTPC) has dismissed the review application filed by Reliance Industries Ltd (RIL) on the commission's cease and desist order of March 26, 1999.

Subsidy policy: Pvt LPG cos threaten to quit
FOLLOWING the Governments inability to implement the declared policy regarding the phased withdrawal of subsidy on liquefied petroleum gas (LPG), six leading private LPG marketers are thinking in terms of quitting Indian operations.

US court chucks patent case against Ranbaxy
THE US Appeals Court has apparently turned down GlaxoSmithkline Plc's appeal seeking a re-hearing in a patent infringement case against Ranbaxy Pharmaceuticals Inc (RPI).

Agri-Business | Commodities | Corporate | Industry | Letters | Macro Economy | Markets | News | Opinion | Variety | Info-Tech | Catalyst | Investment World | Money & Banking | Logistics |

Page One | Index | Home

    Copyright © 2001 The Hindu Business Line.

Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line.