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Samsonite
Corp okays Indian arm expansion
New Delhi: Samsonite Corp has last week cleared
$8-million capacity expansion plans of the Nasik plant
of its Indian arm.
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Fiat
asks Maharashtra to review 4.5 per cent octroi for competitive
pricing
Mumbai: Buoyed by the increasing sales of Palio,
Fiat India on Friday called upon Maharashtra government
to review the 4.5 per cent of Octroi imposed by the Mumbai
Municipal Corporation on its models in a bid to make its
price competitive.
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Amway
to outsource premium cosmetics
New Delhi: As part of its expansion to cut costs,
Amway India, the wholly-owned subsidiary of the US-based
Amway Corporation, is planning to outsource premium cosmetic
products from Indian manufacturers.
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Qatar
Airways starts flights to Hyderabad
Mumbai: After Emirates, Silk Air and Malaysian
Airlines it is now time for Qatar Airways to fly its services
to the cyber city of Hyderabad, effective from Friday.
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Birlas
draw up own L&T demerger plan
Mumbai: The AV Birla group has countered L&T's
cement demerger plan with a hive-off proposal of its own,
which it believes will not only help its cause but also
increase value for other L&T shareholders.
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Advani,
Naik reach HPCL, BPCL deal
New Delhi: A compromise on the disinvestment of
oil sector PSUs is understood to have been worked out
at an informal meeting between Deputy Prime Minister LK
Advani and Petroleum Minister Ram Naik last weekend.
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Alembic
to introduce Euroresearch products
Mumbai: Baroda-based pharma major Alembic Ltd has
signed an agreement with Italian pharma company Euroresearch
to bring the latter's products to the country.
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Now,
Zydus enters Grastim fray with Argentine drug
Mumbai: The fight in the anti-cancer biotech drug
Granulocyte Colony Stimulating Factor (G-CSF), commonly
known as Grastim segment is hotting up. Close on the heels
of Ranbaxy approaching the government for approval for
marketing a Chinese G-CSF drug in India, Zydus Cadila
has approached the government for marketing approval for
a G-CSF drug from Argentina.
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BBC
to provide content for In Network
Mumbai: BBC World and the Hindujas' InNetwork Entertainment
(INEL) signed an agreement on Thursday to pave the way
for BBC to provide news content for the cable network.
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Bajaj
Auto's LPG 3-wheeler to hit the road in January
Mumbai: Bajaj Auto (BAL) is expected to launch
its LPG four-stroke three-wheeler in January, the first
time an LPG engine will come factory fitted.
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Mercedes
not to launch its volume cars in India
Bangalore: Mercedes will stay focused on the top
end cars in India and not venture into the volume driven
compact vehicle business with its A-class cars.
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DVC
plans to set up plant near Durgapur Steel
Kolkata: Damodar Valley Corporation (DVC) is planning
to set up a 1,000-MW power plant near the Durgapur Steel
Plant (DSP). The project which is proposed to be commissioned
by 2006-07 will come up partly on DSP land and partly
on Government land, sources said.
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Apollo
opens Rs 25-cr cancer facility in Delhi
New Delhi: The Apollo Hospitals group has formally
thrown open its Apollo Cancer Institute at Indraprastha
Apollo Hospitals, in the Capital. This would be the third
such facility, exclusively for cancer, from the hospital
group.
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Fresh
offer on Herbertsons dispute
Mumbai: The UB group Chairman, Vijay Mallya, is
making a fresh bid to settle the long-running dispute
with Kishore Chhabria for control over Herbertsons Ltd.
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Duncans
to hive off loose tea retail biz
Kolkata: The Duncans have decided to segregate
their branded loose tea retailing business, which is called
Duncans Tea House, into a separate company sometime by
the end of the current financial year.
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FIPB
rejection trips Tata Tele-HNS Inc share arrangement
New Delhi: The Foreign Investment Promotion Board
(FIPB) has rejected Tata TeleServices Ltd's (TTL) proposal
to issue redeemable preference shares (RPS) and warrants
against receivables to Mauritius-based HNS Inc.
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NTPC
plans arm for small hydel projects
New Delhi: So far, 17 States had signed the tri-partite
agreements (TPA) under the scheme for one time settlement
of SEB dues. This had led to securitisation of all outstanding
dues to NTPC by SEBs of the 17 States.
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Move
on wage freeze, job cuts irks Saregama unions
Kolkata: A move by the management of Saregama India
Ltd (SIL) to freeze wages and reduce manpower has irked
the unions. The majority union is planning to seek legal
redress if the management persists with its move.
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UB,
Hilton in talks for hotel
Mumbai: The UB group is in talks with the international
hospitality chain, Hilton, to develop a luxury hotel property
in Bangalore city, Vijay Mallya, Chairman, UB group, said.
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Siemens
net rises 26 pc as all divisions post profits after 6
years
New Delhi: Siemens Ltd yesterday reported a 26
per cent rise in profit after tax to Rs 86.56 crore for
the year ended September 30, 2002, as against the Rs 68.72
crore of the previous fiscal. The company's board has
recommended a final dividend of 25 per cent to its shareholders.
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