Automobiles
Bajaj launches CNG rickshaw in Mumbai
BAJAJ Auto Ltd (BAL) today launched its CNG autorickshaw in the city.
Reva to expand market
THE Bangalore-based Reva Electric Car Company Pvt Ltd will soon launch its electric car, Reva, in Chennai and other markets in the South, according to the company's Managing Director, Mr Chetan Maini.
Corporate
Financial planners' body to get US board affiliation
THE Association of Financial Planners (AFP), a forum set up by a group of professionals representing the country's financial services industry, is set to sign an affiliation agreement with the US-based Certified Financial Planner Board of Standards.
SRF to seek nod for Ashish Ram's appointment
NYLON Tyre Cord Manufacturer SRF Ltd will seek shareholders' nod at the annual general meeting (AGM) on August 28 to appoint Mr Ashish Bharat Ram as a wholetime director for five years.
AISIN Cosmos, IICT sign pact
AISIN Cosmos R&D Co Ltd, a concern of Toyota Car Company, and the Indian Institute of Chemical Technology (IICT) have entered into a memorandum of understanding to develop photofunctional materials for application in sensors, light harvesting units and n
anotechnology devices.
Cholamandalam Investment board revamp
CHENNAI: Cholamandalam Investment and Finance Company Ltd has informed the Madras Stock Exchange that Mr M.A. Alagappan and Mr Partha S. Datta have been appointed additional directors of the company.
Dunlop India plans wage freeze
BEWILDERED by the current `grim' financial situation, the management of Dunlop India Ltd (DIL) is actively considering freezing salaries/wages to all its workers and employees till the revival scheme for the ailing tyre company is announced by the Board
for Industrial and Financial Reconstruction (BIFR).
Goa Electricals told to submit accounts
GOA Electricals and Fans Ltd (GEFL), which has been merged with Crompton Greaves Ltd (CGL), has been directed by the Board for Industrial and Financial Reconstruction (BIFR) to submit its audited annual accounts for 2000-01, together with a CA certificat
e, specifying that the merger scheme has been fully implemented and the erstwhile sick company (GEFL) has ceased to exist.
Indo Rama `forced to' scale down expansion
INDO Rama Synthetics (I) Ltd (IRSL) today announced changes in its current expansion plans on building up capacities in both partially oriented yarn (POY) and Polyester Staple Fibre (PSF).
Bry-Air to pick up stake in US co's plastics arm
BRY-AIR (Asia) Pvt Ltd is planning to pick up a minority stake in the plastics business of the US-based Bry-Air Inc and the deal is expected to firm-up by October this year.
Mangalore Chemicals set to become zero-debt co
THE UB group managed Mangalore Chemicals and Fertilizers Ltd (MCF) is on the verge of becoming zero-debt company after settlement of a Rs 11-crore due to Industrial Development Bank of India (IDBI).
Takeover code not a priority on SEBI's agenda
THE much-awaited Bhagwati Committee report on the takeover code does not figure in the near-term agenda of the Securities and Exchange Board of India (SEBI), as the regulator is preoccupied with replying to the queries raised by the Joint Parliamentary C
ommittee (JPC) on the stock market scam.
Financial Performance
Transport Corpn gross at Rs 5.04 cr
notched up a gross profit of Rs 5.04 crore during the first quarter of the current fiscal, a 19.7 per cent rise compared to the same period the previous year, a company statement said here.
TV-18 net at Rs 1.12 crore
MUMBAI: TV-18 has reported a 70 per cent decline in its profit-after-tax at Rs 1.12 crore for the quarter ended June 30, 2001 as compared to Rs 3.69 crore in the year-ago period.
Health
Beijing Pu Jian Medical in India
BANGALORE: Beijing Pu Jian Medical Oxygen Company Ltd, a Chinese company specialising in healthcare products, has set up its business in Bangalore with an investment of Rs 5 crore.
Mutual Funds
`MFs must follow valuation norms'
DR R.H. Patil, Chairman, Clearing Corporation of India Ltd, has emphasised that mutual funds need to follow proper valuation norms and should not get carried away with market euphoria.
Petrochemicals
Haldia Petro set to export chemicals
HALDIA Petrochemicals Ltd (HPL), which began full commercial production last week, plans to begin exporting chemicals within a year, its Managing Director said.
Pharmaceuticals
Pharma cos upset over Govt approval delays
EVEN as the norms for Good Laboratory Practices (GLP) looks finally set to get ratified this week - the pharmaceutical industry fears that delays dogging the segment will further trigger off a flight of Indian scientists from the country.
HC okays Ciba CKD, Novartis merger
MUMBAI: The Bombay High Court has approved the amalgamation of Ciba CKD Biochem Ltd with Novartis India Ltd.
Steel
New steel policy unlikely to take-off in near future
THE much-awaited new steel policy aimed at boosting the troubled domestic steel industry is not likely to see the light of the day in the near future.
Stocks
New Web facility from JRG Associates
KOCHI: JRG Associates (P) Ltd has introduced a fully-automated investor-friendly DP-Web system. The system would enable the public to trade in the National Stock Exchange/Bombay Stock Exchange rolling settlement free of cost.
