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Car, scooter sales skid in April 2002
New Delhi: Domestic passenger car sales fell by 14 per cent to 37,146
units in April 2002, compared to 43,011 units last year. As per the new
production and sales classification released by the Society of Indian
Automobile Manufacturers, Marutis Versa and Omni have been excluded from the
passenger car category and included in a new multi-purpose-vehicle segment.
Sales in this segment stood at 3,890 units during April 2002. Sales of
multi-utility-vehicles, however, rose by 1 per cent to 7,800 units from 7,727
units.
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UCO Bank
identifies thrust areas for growth
Chennai: Uco Bank, which hopes
to post a handsome net profit in 2001-02 for the third year in succession, has
identified thrust areas for 2002-03. Uco Bank CMD V P Shetty said the accent in
the current year will be on mobilisation of low-cost deposits, further
improving on house-keeping, stepping up recovery and augmenting non-fund based
and fee-based incomes.
Shetty said the current year is going to be crucial for the bank, even more so
because it proposes to enter into the capital market with an offer of public
issue of equities for the first time in 2003-04.
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Haryana
may get Rs 1,500-crore investment
Chandigarh: Haryana Chief Minister Om Prakash Chautala has said 20
prominent companies have offered to make an investment of Rs 1,500 crore. This,
he said, is as a result of the interaction the delegation led by him had with
the entrepreneurs during his recent visit to various states.
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Thermometer
makers should get BIS
certificate
New Delhi: The central
government has made it mandatory for thermometer manufacturers to obtain a
certification for clinical thermometers by the Bureau of Indian Standards by 8
September 2002.
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Konkan
Irrigation is an interest defaulter
Mumbai: Just after the MKVDC default, another undertaking, Konkan
Irrigation Development, has delayed interest payment, which was due to
investors for the half-yearly period ended March 2002.
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Pre-1971
companies continue to rule the roost: CMIE
Mumbai: Compared to the older companies in India, young companies are
poor users of capital. The asset turnover ratio among the post-1991 companies
is only two-thirds of the ratio for the older companies, says a CMIE study.
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