Marriots Pak operations gain despite crisis cin sub-continent
Mumbai: While Marriott International Incs Indian operations are still taking off, its more established operations in Pakistan, is seen doing better than its Indian counterparts.
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Inox, Goyal keen on stake in SAIL arm
Mumbai: Inox Air Products and Goyal Gas have shown interest in Steel. Authority of Indias subsidiary Bhilai Oxygen Ltd.
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Centres role sought again to resume Dabhol operations
Mumbai: The Maharashtra government on Monday made a fresh appeal to the Centre for its intervention in an early commencement of Dabhol project operations and also for providing a host of concessions/reliefs in order to make the distressed Dabhol project power affordable.
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IOC to offer fresh VRS, awaits board approval
New Delhi: Indian Oil Corporation would be launching a fresh voluntary retirement scheme for its employees soon. A proposal to this effect has been sent to the board for approval.
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Corporate ethics: Tata Fin under Ferguson's lens
Mumbai: In its 904 page report, Ferguson, which was commissioned to investigate the affairs of Tata Finance by the Tata Group in 2001, has unearthed several questionable inter-group transactions intended to help  various group companies, including Tata Chemicals and Telco, book profits.
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Top seven CEOs in over 101 publications
Mumbai: Being big makes you more visible, at least in the FMCG segment. Thanks to the sheer size of Hindustan Lever. Its chairman Vindi Banga leads other FMCG CEOs in image marketshare.
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Vangal set to pull up stakes from Seagram
Ramesh Vangal, the former Asia-Pacific Chairman of Seagram, is learnt to be in advanced stage of talks to sell his 10 per cent stake in Seagram India to parent company Pernod Ricard.
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IDBI wants Sidbi funds, not private equity
Mumbai: The IDBI Bank story has taken a new turn, with the stodgy parent asserting its stand. IDBI Bank has told the bank that Sidbi will bring in fresh capital into IDBI Bank through a preferential allotment, and not to rope in investors who insist on unacceptable covenants.
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India Cements may sell Vishaka Cements
Hyderabad: India Cements is exploring various options in order to reduce debt and downsize its asset base in Andhra Pradesh, which has been dogged by problems of low demand and paltry realisation.
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Telco to divest non-core investments
Mumbai: As part of a financial restructuring process, auto major Telco has identified non-core investments worth Rs 100 crore which will be divested this financial year.
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ACC to cut 1,000 jobs this fiscal
Mumbai: Leading cement maker ACC plans to cut its workforce by around 1,000 in the financial year to March 2003 as part of efforts to reduce costs, a company official said on Monday.
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GM to slash Opel Astra's price by up to Rs 20,000
Bangalore: Automobile buyers have never had it so good. First it was Hyundai offering to even finance accessories and the insurance premia for its tall-boy car, Santro.
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Polaris Software sells ERM division to Empower Works
Mumbai: IT's a real quite deal. Polaris Software Lab has sold its Employee Relationship Management product division to a company called `Empower Works', promoted by V Balaraman, former HLL director in a Rs 3 crore stock deal.
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Yamaha's 100-110 cc bike set to hit the road this Diwali
Mumbai: Playing catch up, Yamaha India is readying to launch a 100-110 cc bike by Diwali, targeted at the not-so-young buyer. The bike will emphasise on style, which is expected to be similar to the newly launched Enticer.
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Indo Rama cuts product prices
Mumbai: Faced with a continuing decline in international polyester prices, the Rs 1,900-crore Indo Rama Synthetics has slashed the basic prices of most of its products, effective August 1.
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Plea to make cost audit mandatory for all companies
New Delhi: The institute has asked the Government to include cost accountants in the definition of accountant under the Income-Tax Act, 1961, as against the inclusion of chartered accountants only.
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Aurobindo Pharma to sell Pondicherry unit
Bangalore: Aurobindo Pharma Ltd (APL) has decided to dispose of its bulk actives manufacturing facility located at Pondicherry, as a part of a major restructuring programme initiated.
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Fusion to expand India business
Bangalore: Fusion Technologies Inc, the New Jersey-based software solutions provider, has announced its plans to expand India operations through its subsidiary : Fusion-Cybertech.
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CLB revokes order on Shaw Wallace directors
Kolkata: Four years after it directed the appointment of four directors on the board of Shaw Wallace & Co Ltd (SWC), the Company Law Board (CLB) has now vacated its directive on the same.
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DCA appoints outside auditor for Xerox probe
New Delhi: The Department of Company Affairs has appointed the Delhi-based chartered accountants, Surendar K Jain & Co, to investigate whether the management of Xerox Modicorp Ltd is guilty of fraud. T
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Pentagon board approves rights issue
Chennai: The board of directors of Pentagon Global Solutions Ltd has approved the rights issue of equity shares at par. The rights issue will comprise 1.24 crore equity shares aggregating Rs 12.42 crore which will be offered to existing shareholders.
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Emmvee bags ISO 9001-2000
Bangalore: Emmvee Solar Systems, a Bangalore-based company engaged in solar water production, has been awarded the latest Quality Management System  Certification ISO 9001-2000 and Environment Management System Certification 14001-1996.
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Usha Intl targets mass market; eyes higher exports
Bangalore: Usha International, a Siddharth Shriram Group company, is looking to increase its market share in the stagnant electrical fans market by countering the SSI segment which has a share of 50-60 per cent of the total market.
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Goldstone sees Rs 45-cr from BPO foray
The BPO business foray is to be taken up in a phased manner and in the first phase, which is set to start operations shortly, a 200- people facility has been completed where the company will invest about Rs 10 crore.
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Carlson group hopes to emerge top player in India market
Chennai: The Carlson group is all set to become a leading player in the country's hospitality sector, thanks to its involvement in the 17 or so hotel projects that are being developed.
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RINL posts higher turnover
Kolkata: Rashtirya Ispat Nigam Ltd has notched up sales turnover of Rs 1,324 crore in the first four months of the current fiscal, which is the highest for the corresponding period since inception.
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Santro powers Hyundai July sales
Bangalore: Hyundai Motor India Ltd announced on Monday that sales of passenger cars accounted for 9,171 units last month backed by a strong rise in the sales of its flagship brand, Santro.
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Escorts Const sales rise 35%
Mumbai: Escorts Construction Equipment Ltd, a 100 per cent subsidiary of Escorts Ltd, has recorded a 35 per cent growth in sales in the first quarter of the current year as compared to the same period in fiscal 2001-2002.
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