Now, home loans from HDFC Bank
Mumbai: The HDFC Bank board has cleared the bank's entry into housing finance -- parent HDFC's mainstay -- from which the bank had distanced itself till now.
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Tatas to lease Bharti network for NLD
New Delhi: The Tatas plan to lease capacity on Bharti's optical fibre network for providing national long-distance services.
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Pharma flagship is umbrella body for Cholayil businesses
Chennai: Cholayil group, which owns the ‘Medimix’ brand, is amalgamating all its businesses under the umbrella of its flagship company Cholayil Pharmaceuticals. The move is aimed at professionalising eight group companies.
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Tata Engg rolls out 207 D1
Pune: Tata Engineering is considering getting into more solutions for the smaller commercial vehicle segment.
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TAKE Solutions to provide logistics support to world sport Nimbus
Mumbai: Chennai-based TAKE Solutions Pvt Ltd will provide logistics support to World Sport Nimbus Pte Ltd, the event manager for the India Vs West Indies cricket series.
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Asian Paints Q2 net up 39.48%, declares 45% interim dividend
Mumbai: Asian Paints India Ltd has reported a 39.48 per cent rise in net profit at Rs 41.30 crore for the second quarter ended September 30, 2002, compared to Rs 29.61 crore in same period of previous fiscal.
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Right click: Microsoft to redefine local operations
Mumbai: It looks like destination India for Microsoft. Next two months will see Redmond-based software giant’s top brass in India as the company is redefining its strategy to segment its sales force based on verticals they sell to.
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Zydus Cadila to take top brands for world tour
Mumbai: As part of a strategy to step up its presence in the global market, pharma major Zydus Cadila Healthcare has identified 20 products from its basket to be extensively promoted in the overseas markets. The move comes in the wake of the Rs 588-crore company’s increased focus on exports.
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Nalco sale may be delayed as bidders seek more time
New Delhi: The Department of Divestment’s attempts to expedite Nalco’s disinvestment could come a cropper. Companies participating in the programme feel that the government, to speed up the process, has given them very little time to study the first draft of the shareholders’ agreement.
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Dabur plans to revitalise Chyawanprash
New Delhi: Dabur India is expected to unleash a strategy comprising aggressive promotions to breathe new life into its brand, Chyawanprash, the largest product in its healthcare portfolio. The Chyawanprash market as whole faced a decline of 17 per cent in August 2002 due to a dip in disposal income in the hands of semi-urban and rural consumers.
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Videocon eyes sick sugar mills in Maharashtra, Bihar
Mumbai: Consumer durable major Videocon is eyeing sick sugar co-operatives in Maharashtra and Bihar. The company has offered to take over the ailing Gangapur Sahakari Sakhar Karkhana at Aurangabad. The company has also shown interest in taking over Gangapur SSK closed for the last two years and currently facing criminal charges for misusing its export licence.
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Kabras acquire 4% in Tata Group retail company Trent
Mumbai: Kamal Kabra, a leading stock broker and former BSE president, has acquired a little over 4 per cent stake in the Tata Group’s retail company Trent through market purchases made over a period of time.
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Ranbaxy in South African joint venture for AIDS drug
Mumbai: Domestic pharma major Ranbaxy on Wednesday announced yet another initiative in the South African market by forming a 50:50 joint venture between its wholly-owned subsidiary Ranbaxy (Pty) and Tiger Brands Healthcare division of Adcock Ingram, a leading South African pharmaceutical company.
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TVS to ride into China, Indonesia
New Delhi: TVS Motors plans to explore the Chinese two-wheeler market in the near future. the comapny has already exported two-wheelers to neighbouring countries like Bangladesh and Sri Lanka.
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L&T bags power line contract in Abu Dhabi
Abu Dhabi: The Union Water and Electricity Company (UWEC) on Tuesday awarded a Dh 114.5 million ($31.2 million) contract to Larsen and Toubro (L&T) for the supply and installation of a 400-KV overhead power transmission line.
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Work resumes at SPIC plants
Chennai: Southern Petrochemical Industries Corporation Ltd has informed stock exchanges that the ammonia and urea plants at Tuticorin that were shut on September 27 have resumed operations.
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EIL declares 27.5% dividend
New Delhi: Engineers India Ltd (EIL) has declared a dividend of 27.5 per cent for fiscal 2001. A dividend cheque of Rs 13.96 crore was yesterday handed over by M.K. Dalal, Chairman and Managing Director, EIL, to the Petroleum Minister, Ram Naik.
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Dr Reddy's to challenge US court's verdict
Hyderbad: Dr Reddy's Laboratories Ltd, the Hyderabad-based pharma major that suffered a setback on Friday with the US federal court's judgment against its battle on Astra Zeneca's patents on Prilosec (Omeprazole), has announced its decision to contest the court's verdict pertaining to two formulation patents.
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HPCL sells oil bonds at over 50 paise premium
New Delhi: Hindustan Petroleum Corporation Ltd yesterday sold oil bonds worth Rs 150 crore at more than 50 paise premium for a bond of face value Rs 100.
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FACT employees allege corruption
Travancore: The FACT Employees Federation, affiliated to Bharatiya Kamghar Sena, has alleged that corruption by the management has led to the financial crisis of the public sector Fertilisers and Chemicals Travancore Ltd .
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Kinetic group sees growth in economy segment
Mumbai: Two-wheeler manufacturer Kinetic is set to tap the economy segment in a major way. It has already made a fresh beginning in this direction through the launch of Boss, its new brand of motorcycles.
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Alembic sets sights on regulated markets
Baroda: Alembic Ltd, the pharma company has set its eyes on the international markets, particularly the regulated ones such as the US Europe. The company currently has a small presence in these lucrative markets.
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