Corporate
`Kirloskar group to rise stake in Toyota venture to 26% by 2004'
WITH the time frame fixed as 2004, the Pune-based Kirloskar group is to increase its stake to 26 per cent in Toyota Kirloskar Motor Ltd (TKML), the joint venture between Toyota Motor Corporation of Japan and the Pune-based Kirloskar group. The Kirloskar
group currently holds 11.14 per cent in the venture, Mr. Sachio Yamazaki, Managing Director, TKML, said here.
Punjab Tractors to begin US exports next month -- May look at third plant if volumes grow
THE Rs. 963.2-crore Punjab Tractors Ltd (PTL) will be despatching its first shipment of tractors for the US market, by the middle of March. PTL's indigenously developed engine was successfully tested for sale there and the company recently appointed LSM
International of Little Rock, Arkansas, as its US distributor.
CORPORATE LAW FORUM
Mr. L.V.V. Iyer, a specialist in Company Law, replies to readers' queries.
Geojit gets `encouraging' response to Net trading
GEOJIT Securities Ltd, the first share broking firm to offer Internet securities trading in India early this month, has had an encouraging response from NRIs, with 1,700 new registrations, out of which 1,100 are from the UAE, Mr. C.J. George, Managing Di
rector, said here.
Ind-Swift plans new therapeutic products
IND-SWIFT Ltd, a part of Ind-Swift pharma group, plans to launch a range of products in the therapeutic segment by April. The products are simvastatin and atrovastatin in cardiovascular segment, metformin, glipizide and insulin (sub-cutaneous) in diabeto
logy and fexofenadine in the anti-histamines segment.
Miscellaneous
Mecon bags Karnataka road corpn order
MECON Ltd has recently bagged an order from Karnataka Road Development Corporation Ltd for construction/reconstruction of 131 bridges and approach roads in different parts of Karnataka on a turnkey basis.
Stocks
IISL plans tech index
INDIA Index Services & Products Ltd (IISL), the joint venture formed by Crisil and National Stock Exchange, is likely to introduce a technology index in the near future.
