Financial Daily
from THE HINDU group of publications

Thursday, April 20, 2000





ASK-Raymond to foray into retail broking
ASK-RAYMOND James Securities India Ltd, the joint venture between the US-based Raymond James Financials and ASK Investment and Financial Consultants, is planning to enter retail broking business in the country by June this year.

British lessons on privatisation stress speed, transparency
SPEED and transparency, right legal framework before sale, incentives for the management and employees are only some of the British tips that India can pick up before wholly or partly privatising its public enterprises.

Fiat sees Palio sales touch 50,000 units every year
THE Palio, expected to fetch car manufacturer Fiat India Ltd (FIL) sizable production volumes, will most likely enter the Indian market as an upgraded version.

KIOCL scales down operations on lease renewal uncertainty
KUDREMUKH Iron Ore Company Ltd (KIOCL), the largest export-oriented unit in the country, has considerably scaled down its operations this year despite doubling profits and surpassing its production targets during 1999-2000.

General Motors efforts to meet export obligation
GENERAL Motors India Ltd (GMI) has facilitated Sanden India, an automobile parts manufacturer, secure an export order from GM Europe to ship 10,000 condenser units worth $6,00,000. The export order is to be executed within the next two months.

Tower Auto commissions Hyderabad design centre
TOWER Automotive Inc, a $ 2.2-billion US-based designer and producer of automobile structures, chassis, suspension components and assemblies, operating out of 30 business units globally, has commissioned its design and technology centre at Cyber Towers i n Hyderabad.

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