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Marico
Inds hires Erehwon for advice on marketing
Mumbai: Marico Industries has roped in consulting
firm Erehwon Consulting for initiatives on innovation
in marketing and management. Several internal initiatives
on innovation have led to Marico’s foray into the
skincare business with Kaya skin clinics, and the company
could see more action on the business expansion front.
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Toyota
finds India as key market, launches Corolla
New Delhi: Toyota has identified India as a key
strategic market and will be an important component of
the Japanese car major’s plans of garnering 15 per
cent of the global car market share in the decade ensuing
2010.
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Reliance
Info signs Sehwag for World Cup commercial
Mumbai: Reliance Info-comm, the Rs 25,000-crore
convergence project from the Reliance group, has signed
on Indian cricket team opening batsman Virendra Sehwag
for its commercial to be aired during the Cricket World
Cup.
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Airbus
may clinch $2 bn deal with Indian Airlines
New Delhi: Leading aircraft manufacturer Airbus
hopes to clinch the $ two billion deal with Indian Airlines
for 43 new aircraft belonging to Airbus-320 family soon.
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SAIL
exports up 36 per cent, production
10 per cent
Kolkata: The government-owned Steel Authority of
India Ltd on Monday reported 10 per cent growth in production
of saleable steel and 36 per cent growth in exports in
the first ten months of the current 2002-03 fiscal.
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Yash
Birla group may buy stake in Lapointe tools
Mumbai: The Yash Birla group may pick up a stake
in the UK-based company Lapointe as part of its strategy
to strengthen the tools business.
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Reliance
hikes polyester, polymer rates
Mumbai: Reliance Industries has hiked polyester,
fibre intermediates and polymer prices with effect from
February 1, 2003
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SUV
plans take back seat, Toyota to focus on Qualis
New Delhi: Toyota Motor Corporation , the world's
third largest auto maker, is not keen to enter the sports
utility vehicle (SUV) segment in India in the near term
as the market is "not ready yet".
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Mahanagar
Gas to hike supply
Mumbai: Natural gas distribution company Mahanagar
Gas has decided to triple its daily supply of compressed
natural gas (CNG) to 1,00,000 kg by March '04 in the city
from the current 3,66,000 kg.
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Unions
put a spanner in Metal Box works
Mumbai: The sale of Metal Box's Worli premises
to the CL Raheja Group and two other investment groups,
negotiated last May as part of a rehabilitation scheme
for the company, has been held up.
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TCCL
awaits Govt nod for hydel project in Barapole
Kochi: Travancore Cochin Chemicals Ltd is awaiting
the Central Government nod to commence work on its small
hydel project in Barapole in Kannur.
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Overshooting
of credit limit - FACT denies stoppage in production
Kochi: The Fertlisers and Chemicals Travancore
Ltd said that there was no stoppage in production at any
of its plants despite the company having overshot its
credit limit for fuel with Kochi Refineries Ltd.
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Jindal
Strips plans to restructure debt
New Delhi: Jindal Strips Ltd, which is in the process
of demerging into two entities, is looking at restructuring
its outstanding debt of Rs 750 crore through payment and
refinancing, Ratan Jindal, Vice-Chairman & Managing
Director, has said.
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DCA
to relax salary limits for IT, telecom cos
New Delhi: Telecom and information technology companies
may soon find it easier to retain talent. The Department
of Company Affairs (DCA) proposes to relax the norms governing
managerial remuneration payable by companies in these
two sectors.
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Infotech
Enterprises projects net at Rs 15.5 crore
Hyderabad: Infotech Enterprises Ltd, the Hyderabad-based
GIS solutions provider, has revised its outlook for the
financial year 2003 and projected total revenues in the
range of Rs 160 - Rs 165 crore with a profit-after-tax
of Rs 14.5 - Rs 15.5 crore.
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Kinetic
launches `cricket-inspired' Boss variant
Pune: Kinetic Engineering yesterday said that it
plans to launch a new bike every quarter starting with
the GF-165 in March, followed by a 115-cc motorcycle (called
`Velocity') in the first quarter of next fiscal and the
250- cc bike Acquilla.
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