Consumer Electronics
Voltas shift in sales focus pays off
BY shifting the emphasis in sales to split air conditioners, Voltas Ltd of the Tata group has notched up a 22.5 per cent growth in the split air conditioner segment during 2001-2002 first quarter.
Corporate
Henkel SPIC may set off losses against share premium account
HENKEL SPIC India Ltd is examining the option of setting off its accumulated losses against the credit balance in the share premium account.
TN industrialist offers to revive Tranvancore Rayons
A COIMBATORE-based entrepreneur has come forward with a detailed proposal for reviving the ailing Travancore Rayons Ltd (Trayons).
Cushman & Wakefield merger complete
NEW DELHI Cushman and Wakefield (C&W) and Cushman Realty Corporation has announced the completion of the merger of the two prominent commercial real estate firms. As the new firm, which retains the name Cushman & Wakefield, remains privately held, terms
of the new merger were not disclosed.
Hind Coca-Cola unit workers launch stir
Over 150 employees of the Hindustan Coca Cola marketing unit at Arumbakkam here have launched an agitation demanding job assurance and management recognition of their union.
Denmark aluminium major keen on acquiring Palco
IN a significant development, Danmetal A/S, the Denmark-based 650-million kroner aluminium major, has expressed keen interest in acquiring Pennar Aluminium Company Ltd (Palco), a Hyderabad-based ailing company manufacturing aluminium rolled and wire prod
ucts.
Hotels
IHCL to revamp airline catering unit
MUMBAI: Indian Hotels Company Ltd (IHCL) has informed that a proposal for restructuring its airline catering division -- including a potential joint venture -- would be looked into at the company's upcoming board meeting of July 18.
Mutual Funds
Pru-ICICI launches children's plan -- Announces alliance with India Post
PRUDENTIAL-ICICI Mutual Fund (Prudential-ICICI) today announced an alliance with India Post to distribute its mutual fund products. Prudential-ICICI also launched its new scheme aimed at children, the Prudential-ICICI Child Care Plan (CCP) at the hands o
f Union Minister for Communications, Mr Ram Vilas Paswan.
Chambers hail US-64 exit offer
THE apex chambers of commerce and industry have welcomed the decision of the UTI to offer a limited repurchase window for up to 3,000 US-64 units for all categories of investors from August 1 at administered prices.
Birla Mutual plans fixed maturity scheme -- Seeks SEBI approval
BIRLA Mutual Fund has sought the Securities and Exchange Board of India's (SEBI) approval for a fixed maturity plan, an open-end umbrella scheme aimed at providing regular income to investors.
Alliance Liquid Income renamed
MUMBAI: Alliance Liquid Income (ALI), an open-end debt scheme, is renamed as Alliance Income Fund (AIF) from July 16. AIF is the largest scheme among family of funds from the Alliance Capital Mutual Fund with investors assets worth over Rs 1,200 crore un
der management as on July 13.
PSU
Govt will involve FIs in Maruti divestment: Joshi
THE Union Government would secure the involvement of FIs in its attempt to disinvest in Maruti Udyog Ltd, Mr Manohar Joshi, Minister for Heavy Industries and Public Enterprises, said here today.
Pharmaceuticals
Cadila Pharma launches drug for osteoarthritis
CADILA Pharmaceuticals Ltd (CPL) has introduced a new drug regime for the treatment of osteoarthritis of the knee.
