Automobiles
Car, mobike exports buck slowdown -- Ford, Bajaj Auto sparkle
PASSENGER car and motorcycle exports were the only saving grace for the `Made in India' export tag in the automobile market in the first half of the current financial year, during which exports from all other segments floundered, industry data showed.
Maruti's `True Value' for used cars
AFTER launching its fleet management services under the umbrella brand `Project Vistaar', Maruti Udyog Ltd (MUL) is now rolling out its used-car business countrywide in a phased manner.
Corporate
Beluk open to joint venture with PTL
BELUK GmbH, the Rs 200-crore German company specialising in the technology and manufacture of power factor (PF) automation systems, was open for a joint venture relationship with Process Technique Electronics Pvt Ltd (PTL), with whom Beluk has a technica
l collaboration now.
Unable to meet TNEB deadline for dues -- SIV Ind facing shut-down
THE countdown for the shut-down of the viscose fibre major, SIV Industries in Sirumugai near Coimbatore, began on Thursday as the company had been unable to clear the huge power bill it had run up.
Bovis Lend to expand Indian operations
BOVIS Lend Lease, the world's largest construction management specialist, seeks to expand its operations in India and promote the country among US businesses which seek to start operations here.
Coke plans hold water as Kinley spurs growth -- Plans more acquisitions
IT'S not the fizzy colas that are driving the growth of cola major Coca-Cola Company. Instead, it's water that has played a key role in boosting the company's bottomline in India, at least in the past one year.
Becton India head
NEW DELHI: Becton Dickinson (BD), a $3.6-billion medical technology company on Wednesday announced the appointment of Mr Ram Sharma as Country Manager, India.
RIL arm to get controlling stake in DCL Poly
HAVING obtained the approvals of the financial institutions for reliefs and concessions, DCL Polyesters Ltd, the Hyderabad-based polyester filament yarn (PFY) producer acquired by the Reliance arm -- Synergy Synthetics Ltd (SSL) -- has embarked upon a ma
jor reconstruction programme. This would result in the new promoters acquiring a controlling stake of 50.09 per cent.
Electronics
Samsung mulls re-entry into audio segment
COMPETITION in the high decibel audio market may get louder next year as Samsung India Electronics Ltd (SIEL) is exploring the possibility of re-entering the segment after retreating from it about three years ago.
Fertilisers
Feedstock price cut windfall for urea units
THE reduction in naphtha and furnace oil prices announced by public sector refineries is expected to confer annual savings of around Rs 1,000 crore for domestic urea companies. There would be a corresponding windfall for the Centre too, in the form of a
lower fertiliser subsidy bill.
Financial Performance
Wipro: Perceptible signs of slowdown
THE striking aspect of Wipro's financial performance for the second quarter ended September 30, 2001 is the fall in gross profit from Global IT Services compared to the first quarter ended June 2001.
E.I.D Parry Q2 net down 22 pc
E.I.D. Parry (India) Ltd has registered a net profit of Rs 14.35 crore during the second quarter of 2001-2002. This is a drop of 22.05 per cent from the net profit of Rs 18.41 crore registered during the corresponding period of 2000-2001.
PSU
Is Centre at last inclined to revive IISCO?
THE observations of the Board for Industrial and Financial Reconstruction (BIFR) Bench on Indian Iron & Steel Co Ltd on September 5 and the subsequent BIFR notice which appeared in select national newspapers on October 5 appear to have prompted New Delhi
to make a last ditch effort to revive sick IISCO, the wholly-owned subsidiary of Steel Authority of India Ltd.
Six firms shortlisted for Maruti valuation
THE Government has shortlisted six firms of chartered accountants and international consultants from which three would be selected as valuers of Maruti Udyog Ltd (MUL) during the disinvestment process of Government holding in the car manufacturer.
Paper/Packaging
TNPL hopes to ride on new products
TAMIL Nadu Newsprint and Papers Ltd (TNPL) expects an expanded product base and a flexible production regime to help the company maintain its net profit during the current quarter.
