Tata Brand growth to shore up valuation
Mumbai: The Tata brand valued at Rs 10,000 crore in 1997-98 is said to have witnessed a consistent improvement in growth on the parameters of relevance and affinity.
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Tax sops to stay, but red tape will go
New Delhi: Faced with criticism from the public, industry and political parties including the ruling coalition, the twin taskforces headed by Vijay Kelkar have diluted the recommendations made in their consultation papers on elimination of exemptions.
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Ex-employee drags Citibank to court over termination
New Delhi: The Delhi High Court has issued notice to Citibank following a suit filed by one of its employees claiming compensation of Rs 1.25 crore for wrongful termination of his services.
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Sundaram Home Finance knocks ADB for Rs 100-crore credit line
Chennai: The Chennai-based Sundaram Home Finance Ltd has initiated dialogues with the multilateral lending agency, Asian Development Bank, for opening a Rs 100 crore credit line.
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Samtel Colour seeks duty cut on CPTs
Mumbai: Samtel Colour has made an appeal to the government to create an environment where its input is zero and duty on colour picture tubes is made 14-15 per cent, the company’s vice president Sunil Kakaria said. The current customs duty on CPT is 20 per cent.
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Hindustan Latex posts Rs 15.5-crore net profit
Mumbai: Contraceptives and healthcare products major Hindustan Latex Ltd has recorded its highest ever profit and turnover during the past fiscal. The state-run company has also established a strong presence in the rural market during the fiscal under review.
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Samsung fine-tuning audio range
Mumbai: Close on the heels of chalking out its plans for colour television (CTV) and refrigerators segments, consumer electronics and durables major Samsung India Electronics Ltd is now streamlining its audio range.
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Indo Rama eyes China to rev up export growth
New Delhi: Faced with opportunities for sustained growth in a large market and in a quota-less textile world, the Rs 1,900-crore Indo Rama Synthetics (I) Ltd (IRSL) is looking at China as a market for driving its export growth in the coming years.
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Reliance tightens grip on BSES board, to add 3 EDs
Mumbai: Reliance Industries will move quickly to take management control of BSES, once its open offer for the Mumbai-based power utility is completed.
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Taj group to check out of nine properties
Mumbai: In a massive restructuring exercise, the Taj group of hotels is seriously considering exiting nine of its plum properties across the country including five star hotels like Taj Hari Mahal, Jodhpur; Taj Residency business hotels in Calicut, Vishakhapatnam, Nashik, Indore and City Inn in Baramati.
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Birlas put vital corporate decisions on hold
Mumbai: The Aditya Birla group has put on hold a number of key corporate decisions, including those relating to a top-level management reshuffle and group investments.
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AFL seeks increase in NRI equity participation
Mumbai: The Guzder family promoted AFL, one of the oldest logistics company in the country, dealing in cargo handling, air transport, courier and supply chain management solutions, is planning a marginal increase in the NRI equity participation in the company.
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West Coast in talks to acquire 2 city paper firms
Kolkata: West Coast Paper Mills is in advanced stages of negotiations to buy out two Mumbai based paper companies Rohit Pulp and Paper Mills and Global Boards.
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Telco sets sights on China, W Asia
Mumbai: With offtake of over 5,500 cars per month in the mid-sized C segment, Tata Indigo sedan, which was launched countrywide on December 18, is expected to witness sale of between 1,000 and 1,200 cars a month.
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Hero Honda stocks pile up as demand slumps
New Delhi: Sluggish sales so far this month has caused inventory to pile up with the dealers of Hero Honda, the country’s largest motorcycle maker, which is facing stiff competition from Bajaj Auto and Japan’s Yamaha.Market estimates indicate the inventory level to be equal to one month’s sales or about 1.6 lakh units.
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