Ashok Leyland drives into military zone
Chennai: Leading truck and bus maker Ashok Leyland is now all set to take a plunge into the recently liberalised armed forced market. The firm has applied for an industrial license to manufacture light armoured trucks for the Indian Army.
Back to News Review index page  

JB Chem's 'Doctor Mom' to enter UK, US soon
New Delhi: Doctor Mom cough syrup and cold rub, a household name in Russia and CIS countries from the house of JB Chemicals and Pharmaceuticals is now set to enter the European market and later make an attempt to penetrate the US market.
Back to News Review index page  

CTV makers open innings with 60 per cent growth rate
Mumbai: Secondary CTV sales, ie, sales to consumers, have soared by 50-60 per cent in the last few days as the cricket fever hots up. Leading manufacturers said flat televisions, 14-inch sets and the 20-inch sets in the mid-segment are moving the fastest out of showrooms.
Back to News Review index page  

L&T may pitch for competitive bidding
Mumbai: In an attempt to block the Aditya Birla group's proposal for a vertical demerger of L&T, the company management, it seems, is readying to drop the CDC investment plan and put its full weight behind the competitive bidding route to locate a strategic partner.
Back to News Review index page  

Hindalco clears 1:12 swap ratio for Indo Gulf unit
Mumbai: Decks have finally been cleared for the amalgamation of Indo Gulf's copper division with Hindalco Industries. The Hindalco board on Wednesday cleared the restructuring proposal, which was announced on July 21 last year.
Back to News Review index page  

Venky's plans to enter Europe via acquisition
Hyderabad: As a first step towards being a global player, the Venkateshwara Hatcheries group (VH) has decided to participate in international fairs. The nearly Rs 1,200-crore group is also eyeing an acquisition in Europe which will give it access to that market.
Back to News Review index page  

UTI, Intel & Canadian bank to invest Rs 19 cr in Subex
Bangalore: Subex Systems, the Bangalore-based telecom software solutions company is set for a fresh fund infusion totalling Rs 18.5 crore from investors such as Intel Capital, Unit Trust of India (UTI) and Toronto Dominion Bank (TD), Canada. While Intel Capital and UTI are new investors, TD is an existing investor.
Back to News Review index page  

HLL’s notice likely to affect sale of reclaimed GIDA land
Mumbai: Hindustan Lever Ltd’s notice claiming easementary and other rights on its property is likely to put a spoke in the smooth sale of adjacent reclaimed land for work under the Goshree Island Development Authority.
Back to News Review index page  

Car, commercial vehicle sales surge in January
New Delhi: Domestic car sales surged by 10.15 per cent in January 2003 with auto-makers like Maruti, Hyundai and Tata Engineering leading the growth. However, General Motors, Fiat and Hindustan Motors drove into negative territory during the month.
Back to News Review index page  

Lupin to set up new plant
Mumbai: Lupin Ltd is setting up a new plant for manufacturing Lovastatin, cholesterol lowering active pharmaceutical ingredient (API). The new plant is being built to meet USFDA standards.
Back to News Review index page  

Hyundai MUV `Carens' launch hits roadblock
New Delhi: Hyundai Motor India's plan to launch the `Carens', a multi-utility vehicle (MUV), in the country this year seems to have hit a roadblock for now. The Foreign Investment Promotion Board (FIPB) has sought a clarification from the company on the proposed launch on the grounds that Carens is actually a product from Hyundai's associate company, Kia Motors.
Back to News Review index page  

Pepsi arm withdraws reference to BIFR
New Delhi: The company had made a reference to the board in 2001. As per the reference, the company's networth then stood at Rs 18 lakh, with accumulated losses at Rs 278 crore. This comprises the bulk of Pepsi's losses in its Indian operations since its entry in 1989.
Back to News Review index page  

UB Spirits targets sales of 30 m cases
Mumbai: The spirits division of the United Breweries group expects to close its financial year with sales of 30 million cases, a rise of over 36 per cent from the previous year's figures.
Back to News Review index page