Automobiles
Honda's Activa launch in June -- `No change in relationship with Hero group'
HONDA Motorcycle & Scooter India (Pvt) Ltd (HMSIL), the wholly-owned subsidiary of Honda Motor Company of Japan, is launching its first product - a metal bodied, four-stroke, mid-size scooter in June this year.
Tata Engg Jan sales down by 20.7 pc
TATA Engineering has registered a 20.7 per cent decline in sales for January 2001, selling 14,062 vehicles overall compared to the previous corresponding 17,730.
Corporate
Managing `enemies' portfolio
WHAT do Wipro, ACC and Cipla have in common? They all have shareholders who are ``enemies''. Or so says the law.
Defence collaborations -- BEL looking to team up with global players
IN the wake of the Defence Ministry announcing co-development and co-production in the defence sector at the Aero India 2001, Bharat Electronics Ltd (BEL) has already begun looking for partnerships and risk-sharing arrangements with international entitie
s.
Karvy FD rating: ICRA factors in demat aspect
ICRA has taken note of the shift from physical shareholding to dematerialisation, and the resultant reduction in the number of folios, while assessing Karvy Consultants Ltd's fixed deposit programme. Karvy is among the country's top share registrars and
depository participants.
Shaw Wallace to set up 4 more breweries
SHAW Wallace & Company Ltd (SWC) is planning to establish four more breweries in Kerala, Madhya Pradesh, Goa and Karnataka at a cost of Rs 100 crores. The company is currently having seven breweries in six States across the country.
Closed salt unit in W Bengal to resume
A 69 year-old `heritage' salt factory in West Bengal, founded by Late Acharya P C Roy, is to resume operations after lying closed for seven years.
VST offer: AP Govt to watch BAT's response
THE APIDC, which is currently managing the 7.23 lakh equity shares of VST Industries Ltd owned by the Industrial Trust Fund (ITF) of the Andhra Pradesh Government, prefers to wait for BAT Plc, the principal stakeholder in VST, to announce its course of a
ction on the open offer made by Bright Star Investment Ltd.
Mutual Funds
DVC to tap FIs for project funding
FOR the first time since inception in 1948, Damodar Valley Corporation (DVC) is planning to tap the financial institutions for funding a power project.
KPMF Bluechip to pay dividend
KOTHARI Pioneer Mutual Fund (KPMF) has decided to declare a tax-free dividend under its oldest equity scheme - Kothari Pioneer Bluechip Fund. The amount of dividend is yet to be decided.
UTI may be fund manager for South Asian MF
UNIT Trust of India is expected to have a role as fund manager for the proposed South Asian Mutual Fund, which is being pursued by the South Asian Federation of Exchanges (SAFE).
Stocks
Public advice on scrips -- SEBI to impose curbs on intermediaries
THE Securities and Exchange Board of India (SEBI) is shortly coming out with a circular that will effectively impose a curb on public advice/recommendation regarding a scrip by market intermediaries including mutual funds, merchant bankers, brokers and t
ransfer agents.
Panel to take up redefining of short sales
THE issue of redefining the existing definition of short sales is to be taken up by the Committee on regulation of short sales.
UTI chief rebuts Mobius' forecast
THE Unit Trust of India Chairman, Mr P.S. Subramanyam, is quite bullish about the growth in the new economy sector. He disagrees with the emerging markets guru Dr Mark Mobius, head of Franklin Templeton emerging markets funds, that growth in new economy
sector (technology) is unsustainable.
