Kansai Paints to source from Goodlass Nerolac
Mumbai: Goodlass Nerolac Paints Ltd is mulling over the idea of making the Indian operations a sourcing hub for its parent company, Kansai Paints of Japan.
Back to News Review index page  

BPCL receives ministry nod for VRS, awaits cabinet approval
New Delhi: In a bid to extend safe exit route to employees who are reluctant for transfers, Bharat Petroleum Corporation Ltd has proposed to offer voluntary retirement scheme.
Back to News Review index page  

Hero Honda unveils ambition at Rs 45,500
Mumbai: Hero Honda Motors has launched its new 133cc motorcycle Ambition in a bid to capture a share of the consumers who wish to upgrade from the current 100 cc offerings.
Back to News Review index page  

Hero Honda starts supply of components to Honda
Mumbai: Hero Honda Motors has started supplying components to Honda Motor Company for the latters plants at Thailand and Vietnam.
Back to News Review index page  

Hero Honda weighs third unit, plans 200-cc bike
Mumbai: Motorcycle major Hero Honda, feeling the heat of competition in Indias fast-growing market, on Wednesday said it is studying the feasibility of a third plant and the launch of a 200 cc bike in the first quarter of calendar year 03.
Back to News Review index page  

Hero Honda hopes to sell 1.8 m units
Mumbai: Hero Honda hopes to clock sales of 1.8 million units this year despite the psychological impact of the draught on sales, according to Brijmohan Lall, Chairman, Hero Honda.
Back to News Review index page  

Rane sees higher exports revenue
Chennai: The Chennai-based autocomponent manufacturer, Rane group of companies, is betting high on exports to boost its topline and bottomline growth in the coming years.
Back to News Review index page  

Shourie, Jaitley soothe George's nerves, for now
New Delhi: As the Saturday deadline for the crucial Cabinet Committee on Disinvestment meeting approaches, hectic backroom activity between pro- and anti-disinvestment groups to iron out differences was witnessed on Wednesday.
Back to News Review index page  

No TDS on rate contract hotel deals
Mumbai: Good news for corporates. Hotel room charges paid by corporate executives would not attract TDS if such payments are on the basis of a rate contract agreement reached between the hotel and the corporates.
Back to News Review index page  

IT pros seek to learn Japanese
Mumbai: Learning lessons from the impact of September 11 on the need to diversify business away from the US and Europe, IT professionals are taking time out of the boardroom to hit the classroom to catch up with some Japanese.
Back to News Review index page  

Cipla's 5-month sales up 30%, sees FY growth at 20%
Mumbai: Cipla, India's second-largest drugmaker by marketshare, expects to raise sales by at least 20% this year, the companys chairman and managing director YK Hamied said on Wednesday.
Back to News Review index page  

Toyota interested in B segment, unveils Qualis variants
New Delhi: Toyota Kirloskar Motor is ``eager to be in the volume B-segment and is currently conducting feasibility studies on a range of Toyota and Daihatsu products.
Back to News Review index page  

Nocil gets court nod to shut unit, terminates 578
Mumbai: National Organic Chemicals has announced on Wednesday that it is terminating the services of 578 employees with effect from August 30, 02.
Back to News Review index page  

Kapil Dev is Kinetic's brand ambassador
Mumbai: Two-wheeler major Kinetic has roped in Kapil Dev as its brand ambassador for the next two years. He will be primarily involved in the promotion of the new volume driver 100 cc bike Kinetic Boss.
Back to News Review index page  

Solvay's new unit to focus on cardiac, mental health
Mumbai: Solvay Pharma, a subsidiary of the $9-bn Solvay of Belgium, has recently launched a new division to focus on specialities like mental health and cardiology.
Back to News Review index page  

The faster you move, the more you shell out
Mumbai: Star has a bombshell for advertisers and media buyers. As TV channels and ad agencies ready themselves for a new round of contracts for the coming festival season, STAR has decided to introduce a multi-rate card system with different airtime rates for the various categories of products.
Back to News Review index page  

Rural housing: Tata Steel may tie up with Canadian co
Jamshedpur: Tata Iron and Steel Company (Tata Steel) is planning to enter into a strategic alliance with Minion Ventures of Canada to promote the use of steel in rural housing.
Back to News Review index page  

Ranbaxy's OTC products to hit the shelves next month
Mumbai: Pharma major Ranbaxy Laboratories Ltd is set to unveil its over-the-counter (OTC) basket of consumer healthcare products next month.
Back to News Review index page  

Britannia to buy back at Rs 650
Mumbai: Britannia Industries Ltd on Wednesday announced a buyback of its fully paid-up equity shares at Rs 650 per share aggregating an amount not exceeding Rs 92 crore. The buyback offer will open on September 5 and close on August 5, 2003 or earlier as may be decided by the board of directors of the company.
Back to News Review index page  

Board approves India Hume buyback plan
Mumbai:The board of directors of Indian Hume Pipe Co Ltd on Wednesday approved the buyback of the company's equity shares at a price of Rs 700 per share.
Back to News Review index page  

SAB not to poach execs from rivals
Bangalore: In an unusual strategy, South African Breweries (SAB), the world's second largest brewer, is likely to avoid poaching executives from domestic majors such as United Breweries (UB) and Shaw Wallace & Co (SWC) for its Indian operations.
Back to News Review index page  

Indian Hotels set to take over Regent
Mumbai: Indian Hotels Company Ltd, which owns the Taj group of hotels, is understood to have agreed to take over the seven-star Regent Hotel, promoted by the Mumbai-based Lokhandvala group.
Back to News Review index page  

Videocon to pump Rs 500 cr into Hyderabad facility
Hyderabad: Videocon International, the country's largest consumer electronics manufacturer with a turnover of over Rs 4,500 crore, plans to pump Rs 500 crore into its Hyderabad facility over the next three to four years.
Back to News Review index page  

DCA guidelines for audit panel expected shortly
New Delhi: The Department of Company Affairs (DCA) will shortly come out with rules and guidelines for the audit committee.
Back to News Review index page  

Pokarna to set up garment unit
Hyderabad: Pokarna Ltd, formerly known as Pokarna Granites Ltd, has embarked upon an expansion-cum-diversification programme involving an investment of Rs 22.5 crore.
Back to News Review index page  

Review meet today to expedite turnaround plan for NTC mills
New Delhi: Official sources said the review meeting to be chaired by the Secretary, Textiles, Mr S.B. Mohapatra, would basically attempt to obtain inputs for expediting the turnaround strategy for the NTC mills.
Back to News Review index page  

Honda eyes India as export hub for two-wheelers
New Delhi: Global auto major Honda Motor Company is planning to make India the export hub for its two-wheelers. "India is a very crucial market for us and, in the future, will be used as an outsourcing hub.
Back to News Review index page  

Hind Motor bullish on export of design services
Chennai: In the Chennai office of Hindustan Motors there is a nucleus of growing business. Some 28 professionals are engaged in design services, which are offered on contract basis.
Back to News Review index page  

Hind Motor to invest Rs 25 cr in making engines for Ikon
Chennai: Hindustan Motors Ltd will have to invest around Rs 25 crore at its Indore plant, to produce Ikon engines for Ford India. The agreement for the contract manufacture was effected earlier this year.
Back to News Review index page  

Hind Motors launches Pajero in Chennai
Chennai: After a successful launch in Delhi and Mumbai, Hindustan Motors (HM) has launched the much-awaited Pajero in Chennai. The 3.2 litre engine sport utility vehicle (SUV), Pajero GLX comes with an ex-showroom price tag of Rs 34.9 lakh in Chennai.
Back to News Review index page  

ICICI OneSource eyeing acquisitions in US - To hire 500 more by October-end
Mumbai: ICICI OneSource, the Business Process Outsourcing (BPO) company in the ICICI group, is keen on acquisitions in the US.
Back to News Review index page  

Hyundai Aug sales up 19.3%
New Delhi: Primarily due to a strong customer demand for the Santro Zip Plus, Hyundai Motor India Ltd (HMIL) has posted a healthy 19.3 per cent overall sales growth in August this year at 9,834 units, up from the 8,241 vehicles sold in August 2001.
Back to News Review index page