Automobiles
Emission warranty system for auto sector mooted
THE governmental and ministerial bodies concerned should bring into force `Emission Warranty Systems' in the auto sector, the Director, Centre for Science and Environment (CSE), Dr Anil Aggarwal, said here on Monday.
Corporate
Pashupati Seohung's exports go up
PASHUPATI Seohung Ltd (PSL) achieved a significantly higher level of exports and capacity utilisation in the last financial year, Mr M.L. Murarka, the Chairman and Managing Director, has said.
`Invest in R&D or pack up'
TRANSPARENCY in functioning and adopting corporate governance will be the key mantras for Indian corporates to raise capital in the country and abroad, according to Mr Rahul Bajaj, Chairman and Managing Director of Bajaj Auto Ltd.
Videocon setting up unit in Rajasthan
THE Rs 3,300-crore consumer electronics major - Videocon International Ltd (VIL) - is on an expansion spree. The company is setting up a greenfield manufacturing facility in Rajasthan, apart from the two new units coming up in Punjab and Uttar Pradesh.
SAFT may join Amco Power as joint venture partner
AMCO Power Systems Ltd, a subsidiary of Amco Batteries Ltd, is likely rope in SAFT of France as a joint venture partner, according to the Chairman of Amalgamations group, Mr. A. Sivasailam.
Balaji Hotels to hive off Chennai 5-star project
BALAJI Hotels and Enterprises Ltd (BHEL), the Nellore-based company with interests in liquor manufacturing and trading, steel distribution, hospitality and printing businesses, has embarked upon a major operational restructuring programme aimed at improv
ing the long-term viability of its operations. As a part of this, the company has already hived off its printing division located at Pondicherry.
TAFE `e'conomy foray
MEANWHILE, one of the larger companies of the Amalgamations group, Tractors and Farm Equipment Ltd (TAFE), has signed an MoU with two Japanese companies engaged in the manufacture of machine tools.
Spencer and Co new project gets shareholders' nod
SPENCER and Company Ltd's proposal to set up another retail format by way of cash and carry wholesale stores, a Rs 20-crore project, was ratified by the shareholders at the annual general meeting.
Menon to quit NFCL and join Tata Chem
HYDERABAD: The Director( Technical) and the Head of the Agri-business Division of Nagarjuna Fertilizers and Chemicals Ltd (NFCL), Mr Menon, is quitting the company and joining Tata Chemicals as the latter's Managing Director. Sources said that
he would be joining Tata Chemicals on October 4.
Pettaivaittalai Sugars out of BIFR
CHENNAI: Pettaivaittalai Sugars and Chemicals Ltd has been deregistered from the purview of BIFR following implementation of the revival scheme, according to the company's annual report.
NBCC ranked 179 among global cos
NEW DELHI: State-owned National Buildings Construction Corporation Ltd (NBCC) has been ranked 179th among the top 225 international construction companies. This is an improvement over its rank of 215 assigned last year.
Mutual Funds
Kotak Mahindra MF plans to groom intermediaries
KOTAK Mahindra Mutual Fund has engaged Advantage-India Consulting to groom intermediaries and help in streamlining its distribution network.
Petrochemicals
Haldia Petro plans shutdown from Sept 28
HALDIA Petrochemicals Ltd (HPL) will go in for a planned shutdown for a week beginning September 28, a spokesperson has said.
Pharmaceuticals
Sun Pharma to seek USFDA nod for 2 bulk drug plants
SUN Pharmaceuticals Ltd is to file `Drug Master File' for two of its bulk drug plants located at Panoli and Ahmednagar over the next few months. The drug master file is a detailed explanation to the USFDA (US Food and Drug Administration) on the process
to manufacture bulk drugs.
Steel
Essar Steel taking steps to cut costs
ESSAR Steel Ltd expects to bring down its debt by Rs 800 crore during the current fiscal to reduce interest costs, the company's Chairman, Mr. Shashi Ruia, has said.
