SCI to let go off MTI before selloff 
New Delhi: The government will take away Maritime Training Institute from the Shipping Corporation of Indias fold before it is privatised.
Back to News Review index page  
BPCL halts Bina Construction till disposal of all court cases 
New Delhi: The Supreme Courts decision a fortnight ago, clearing the way for construction of the pipeline for the Bina refinery by Bharat Petroleum Corporation Ltd, has not brought any cheer. 
Back to News Review index page  
Bajaj Auto to launch three models in December-quarter 
Mumbai: Bajaj Auto is planning to introduce three new models in the motorcycle category in the October-December quarter. While one is being positioned in the entry level, the other two mobikes are in the utility and the executive segment. 
Back to News Review index page  
Gail sends LoI on picking HPL stake 
New Delhi: Gas Authority of India Limited has sent its letter of intent to the ailing Haldia Petrochemicals Limited for picking up equity in the latter. 
Back to News Review index page  
Volvo to outsource trucks from India 
New Delhi: In a major initiative, Swedish truck major AB Volvo has decided to outsource $10 billion worth of trucks from their subsidiaries in various developing countries, especially India, a top company official said on Monday. 
Back to News Review index page  
TVS motorcycle sales up 131% in August 
Mumbai: TVS Motor Company Ltd has reported a 131 per cent jump in motorcycle sales to 58,636 units in August, as against 25,385 units during the corresponding period last year. 
Back to News Review index page  
Lupin to foray into contract research
Mumbai: D.B. Gupta, Chairman and Managing Director, Lupin Ltd, said at the company's annual general meeting that the company is contemplating a foray into contract research shortly. 
Back to News Review index page  
SEBI clears Precot buyback
Mumbai: Precot Mills Ltd has completed its share buy-back programme following clearance from the Securities and Exchange Board of India last week. It has bought back 5.5 lakh shares that were offered by 750 public shareholders. 
Back to News Review index page  
Malegam for amending Cos Act
New Delhi: The Chairman of the National Advisory Committee on Accounting Standards (NACAS), Mr Y.H. Malegam, has made a case for amending the Companies Act, 1956 to ensure that corporates do not take advantage of certain provisions to bypass the established accounting standards. 
Back to News Review index page  
GSPL to sell pipeline for Rs 95 cr; sell-off not now - GSPC, Niko Resources close to ending row
Gandhinagar: The much-awaited divestment of Gujarat State Petronet Ltd (GSPL) has been put off, at least for the time being. Instead, the nodal agency that lays gas transmission pipelines across the State has decided to leverage on Rs 95 crore by selling its 14-km, 36-inch pipeline between Hazira and Mora to the joint venture between its parent company, Gujarat State Petroleum Corporation (GSPC) and Niko Resources, Canada. 
Back to News Review index page  
VRS at Delhi Centaur gets good response
New Delhi: The voluntary retirement scheme (VRS), which was offered at the Delhi Centaur hotel, has evoked a good response with more than 680 staff members of the total work force of 1,154 signing up for it. 
Back to News Review index page  
Bharat Forge to cut interest cost by retiring part of debt
Pune: In line with its continuing efforts to rein in costs, the Pune-based auto component maker, Bharat Forge Ltd, is planning to reduce its debt by Rs 60 crore in this fiscal that will help it pare interest burden.
Back to News Review index page  
Sony India targets Rs 750-cr turnover
In an effort to meet the growing challenges in the price-competitive consumer electronics segment, Sony India Pvt Ltd has chalked out a clear strategy to strengthen its position. The company hopes to exit the current fiscal with a turnover of about Rs 750 crore.
Back to News Review index page  
Tata Engineering reviewing overseas biz
Kolkata: In a bid to boost exports, Tata Engineering is in the process of reviewing its international business. "Our exports currently account for about 7-8 per cent of our sales. 
Back to News Review index page  
Honda Siel sales up 32% in Aug
New Delhi: Honda Siel Cars India Ltd (HSCI) has sold 1,207 units of its City and Accord models during August this year, registering a 32.20 per cent growth over the corresponding period last year. 
Back to News Review index page  
ACC despatches up 24 pc in Aug
Mumbai: ACC Ltd has reported a 24.3 per cent increase in cement despatches, at 10.98 lakh tonnes for the month of August 2002 compared to that in August 2001 at 8.83 lakh tonnes. 
Back to News Review index page  
Tata Tele WLL plans put Idea's future in jeopardy
Mumbai: Forget the Idea-BPL mega merger, the very future of Idea Cellular could be at stake. Serious differences have cropped up between the promoters of Idea Cellular over the company's future telecom strategy.
Back to News Review index page  
Channels to 'punish' advertisers
Mumbai: Major television channels, including Doordarshan, on Monday began pulling out advertisements of companies which have refused to pay the 5 per cent service tax in addition to the ad tariff.
Back to News Review index page  
Fat packets for core top guns
New Delhi: Top managers and directors at telecom and power sector companies may soon get hefty pay packets.
Back to News Review index page  
Mittal's close shave with telecom meltdown
Mumbai: If you thought the global meltdown in telecom stocks has been a hair-raising experience for telcos everywhere, take a look at Sunil Mittal.
Back to News Review index page  
ONGC to sell crude at global rates
New Delhi: The Oil and Natural Gas Corporation has hammered out an agreement with refining companies for selling crude oil at international prices. This will be the first time in its history that Indias largest oil company will realise international prices for its crude.
Back to News Review index page  
No limits on health insurance riders: IRDA
New Delhi: Life insurance companies will soon be able to provide large health insurance benefits, with the Insurance Regulatory and Development Authority chairman, N Rangachary, saying that there will be no limit on the charges on add-on benefits pertaining to health insurance.  
Back to News Review index page