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Bajaj
Auto for better links with Kawasaki
Mumbai: Bajaj Auto Ltd is exploring various options
to strengthen its alliance with Kawasaki, its technical
partner for motorcycles.
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Cathay
passengers to get through check-in services from IA flights
New Delhi: All passengers of Cathay Pacific will now
be able to avail of through check-in services from any
Indian Airlines domestic flight and vice-versa.
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Bajaj
set to unveil new bike tech
Mumbai: Bajaj Auto Limited will be launching a radical
new bike technology in June 2003 which is expected drive
the company domination in the market for the next 10 years
and do what the Bajaj Chetak model did to its scooter
business.
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Tata
BP Solar plans promo for Photovoltaic Laminate
Mumbai: The Rs 250-crore Tata BP Solar India Ltd plans
to chalk out a financing scheme to popularise its newly
launched Building Integrated Photovoltaics Laminates in
the country.
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RPG
group enters Kirana segment
Kolkata: The Kolkata-based Rs 6,600-crore RPG group
is driving into neighbourhood grocery segment with its
Kirana outlet chain FoodWorld Express in the city.
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HLL
special dividend cut by Re 1
Mumbai: Hindustan Lever Ltd (HLL) has decided to reduce
the quantum of special dividend announced in August 2002
from Rs 2.76 per share to Rs 1.76 per share.
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Maruti
to launch Grand Vitara in 2 months
New Delhi: Maruti Udyog Ltd (MUL) will launch its
much awaited sports utility vehicle (SUV) Grand Vitara
from Suzuki Motor Corporationin the next two months, said
a company spokesperson.
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TVS
group cos defer dividend
New Delhi: Two TVS group companies - TVS Motor Co
and Sundaram Clayton -on Wednesday announced their decisions
to defer declaring dividends, taking advantage of the
Budget proposal to remove dividend tax at the hands of
the shareholders.
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Ruia
Cotex plea dismissed in Jessop stake sale
Kolkata: A Division Bench of the Calcutta High Court
comprising of Justice D.K. Seth and Justice Maharaj Sinha
on Wednesday dismissed the appeal of Ruia Cotex Ltd (RCL),
the intending purchaser of the Central Government's stake
in Jessop & Co Ltd (JCL), challenging the delay in
pronouncement of judgment by Justice K.J. Sengupta, who
heard the matter.
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Frost
& Sullivan unveils biotech subscription
Chennai: Frost & Sullivan, a consultancy, announced
the launch of a biotechnology subscription titled "Asia
Pacific Biotechnology Strategist" on Wednesday.
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Coke
issues non-voting equity shares to Indian holders
New Delhi: American soft drink multinational Coca-Cola
has issued non-voting equity shares of its Indian bottling
subsidiary — Hindustan Coca-Cola Beverages Pvt Ltd
(HCCBPL) — to its Indian shareholders, according
to highly-placed sources in the banking industry.
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Biotech
lab coming up in Sathyamangalam
Coimbatore: The Bannari Amman Institute of Technology
(BIT) at Sathyamangalam near Erode in collaboration with
Bannari Amman Sugars Ltd is in the process of setting
up a full-fledged biotechnology laboratory in its campus
on an estimated outlay of Rs 2 crore.
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BHPV
workers allege lack of Central support
New Delhi: The workforce, which was at one point more
than 4,000, had been reduced to 2,000 under VRS. The Union
Industries Ministry had also not cleared wage revision,
which was due since 1997.
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Parekh
Platinum signs pact with Emirates group co
Abu Dhabi: Parekh Platinum International, which is
setting up a new $120-million base at the Dubai Metals
and Commodities Centre (DMCC), has signed a memorandum
of understanding with Transguard, of the Emirates group,
to provide security services that will enable Parekh Platinum
to service international markets from Dubai.
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BIFR
may clear revival of IISCO
New Delhi: The uncertainty over the revival of Indian
Iron & Steel Company (IISCO), which was declared sick
in 1994, may end soon. The Board for Industrial and Financial
Reconstruction (BIFR) has stated that if the rehabilitation
proposal submitted by the company and Steel Authority
of India Ltd (SAIL), the holding company, is found acceptable
by all parties, the Bench would consider sanctioning the
scheme.
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Haldia
Petrochem hopes to lower losses this fiscal — But
capital recast still elusive
Kolkata: Haldia Petrochemicals Ltd (HPL), the beleaguered
joint venture involving the West Bengal Government, the
Tatas and the Chatterjee Group, is hoping to end this
fiscal with a substantial reduction in its net loss.
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Hyundai
Feb sales at 7,430 units
New Delhi: Hyundai Motor India Ltd has announced sales
of 7,430 units for February. While the domestic sales
declined in the face of an impending excise duty cut,
exports grew to 543 units from 16 units in February 2002.
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