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SC
issues notice to Govt on sale of HPCL, BPCL
New Delhi: The Supreme Court on Monday issued a
notice to the Centre on a public interest litigation (PIL)
challenging the legality of the Government's decision
to privatise public sector oil firms Bharat Petroleum
Corporation Ltd (BPCL) and Hindustan Petroleum Corporation
Ltd (HPCL) without taking Parliamentary approval
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Deloitte
Haskins & Sells report on modernising trucking soon
Mumbai: The Shriram Group, one of the largest truck
financing companies in the country, has mandated Deloitte
Haskins and Sells to conduct a feasibility study on ways
of modernising the trucking industry in the country.
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Grundig
AG files for bankruptcy
New Delhi: Grundig AG, an electronics firm that
sold many Germans their first television sets in the 1950s,
filed for bankruptcy on Monday after rescue talks with
foreign investors collapsed.
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Mitsui
Sumitomo picks up 26 per cent in CGCIL
New Delhi: Mitsui Sumitomo Insurance Company Ltd
of Japan has picked up 26 per cent stake in Cholamandalam
General Insurance Company Ltd promoted by the Murugappa
group.
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Reliance
unveils new lines of acrylic fibres
Mumbai: Reliance Industries Ltd has launched two
improved lines of acrylic fibres in India, under the brand
names Recrylic and Recrylon.
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Jindal
Strips plans second- hand equipment imports
New Delhi: Jindal Strips is looking at the US and
European markets for importing second-hand equipment.
This decision follows the continuity in DEPB and the extension
of EPCG to second-hand capital goods which are provisions
in the Exim policy.
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Plaza
Cables to set up two units in Himachal
New Delhi: Household electric equipment manufacturer
Plaza Cables is setting up two new units at Baddi in Himachal
Pradesh to manufacture house wiring and MCB (miniature
circuit breaker) switchgears at a cost of Rs 10 crore.
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Murugappa
group's TIAM House for sale
Chennai: The `TIAM House', which houses the headquarters
of the Chennai-based Murugappa group, and one of the landmark
buildings in central Chennai, is up for sale.
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Murugappa
group plans production base in China
Chennai: The Chennai-based Murugappa group proposes
to start manufacturing activity in China, the group's
Vice Chairman and Director (Business Strategy), M.A. Alagappan,
has said. The group already has a representative office
in the country.
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Bio-technology
incubation centre set up in Pune
Pune: With an investment of Rs 2.5 crore, Mitcon
Consultancy Services Ltd, has set up a biotechnology incubation
centre in Pune— the first such centre in the country.
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Jisco
poised to end fiscal in profit
Mumbai: After two years of reporting losses, Jindal
Iron & Steel Company Ltd (Jisco) is expected to end
the 2002-03 fiscal on a profitable note, facilitated by
an upturn in steel prices, improved overseas demand and
the company's efforts at driving operational efficiency
which have brought costs down.
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