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Honda
Siel Power eyes double-digit growth in sales this fiscal
New Delhi: Honda Siel Power Products Ltd, a joint
venture between Honda Motor Co of Japan and Siel Ltd of
India, is eyeing a double-digit growth in sales during
the current fiscal.
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Microsoft
to inject $60m in local R&D centre
Bangalore: With high-profile hierarchical changes
happening in Microsoft's India operations, its R&D
back-bone is also sending out signals to create new corporate
history. The software goliath's R&D action hub at
Redmond is now on the countdown for its India Development
Centre - the largest outside US - to snatch-up some of
the real-time action.
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Indigo
tops over 'C' rivals in Jan sales
Mumbai: Call it the Indigo effect. Telco's 1400
cc sedan has debuted at the top of the C-segment heap
with a 2,146 unit haul in January. According to auto industry
sources, there's a four-six week wait list for the car
that set the segment buzzing with its competitive pricing
at Rs 4.35 lakh.
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Satyam
taps Sify stake buyers
Chennai: Satyam Computer Services, the country's
fourth-largest software services exporter, has approached
a few foreign private equity funds in an effort to further
cut exposure to its loss-making Nasdaq-listed internet
company Sify, sources close to the company said.
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DD,
ESPN Star talks fizzle out over pricing issue
New Delhi: The proposed tie-up between Doordarshan
and ESPN Star Sports (ESS), under which the latter would
have put together the pre and post match presentation
for the ICC World Cup tournament, has been called off.
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HLL
to roll out ayurvedic products by mid-'03
Mumbai: Upbeat about the performance of its Ayush
range of hair products, FMCG major HLL has firmed up plans
to get into herbal healthcare by the middle of this year.
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Pepsi
steals Coke's thunder
New Delhi: Pepsi has decided to exercise its pre-emption
rights on DD and steal the thunder from Coke. With Pepsi
being the principal sponsor on Sony Entertainment Television,
Coke had decided to pitch as 'presenting sponsor' on DD.
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Cement
sales up 10 per cent on healthy south demand
Mumbai: Cement despatches shot up 9.8per cent last
month on the back of a recovery in the southern markets
and incremental demand from road projects.
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Marriott
charts growth under Courtyard brand
New Delhi: The US hospitality giant Marriott International
plans to expand its presence in the mid-market, budget
hotel category under the 'Courtyard' brand.
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BPL,
Data Access launch pre-paid ISD calling cards
Mumbai: The rate war continues in the international
long distance (ILD) segment. Cellular operator BPL and
international long distance operator Data Access on Wednesday
announced rates of Rs 18 per minute for calls to the US,
as compared to the current rate of Rs 24 per minute (not
including the 20% discount bundled by some cellular players
into their tariff plans).
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Maruti
to launch cheaper Alto
New Delhi: Maruti Udyog Ltd (MUL), the country's
largest car manufacturer, is all set to introduce a stripped-down
version of its Alto model this month, in a bid to make
it more affordable to the car buyer on a tight budget.
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GTN
Textiles' promoters gifted equity shares
Kochi: Two promoters of GTN Textiles Ltd (GTL),
a Kerala-based Rs 231-crore yarn manufacturer, have been
gifted over one lakh equity shares each by another promoter
of the company.
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Venture
capital funds excluded from AS-13
New Delhi: Venture Capital funds have been excluded
from the scope of the mandatory Accounting Standard (AS-13)
on `Accounting for Investments' issued by the Institute
of Chartered Accountants of India (ICAI).
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RPG
group likely to hive off some cos - To concentrate on
core competence areas
Kolkata: The RPG group, is planning to hive off
some of its companies as part of its business consolidation
drive, according to sources.
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Skokdaexport,
BHEL join hands for overseas projects
Mumbai: Bharat Heavy Electricals Ltd (BHEL), the
public sector engineering major, and Skodaexport, a leading
international EPC contractor, have entered into an alliance
for setting up worldwide projects in the field of power
generation and and transmission as also transportation.
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Leyland
ups sales growth forecast by 20 per cent
Chennai: Ashok Leyland on Wednesday said its sales
for the current fiscal would grow by 20 per cent over
the previous year, revising an earlier projection of 15
per cent growth in view of robust sales of heavy and medium
commercial vehicles.
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