Automobiles
Tata Engg open to commercial vehicle tie-ups
TATA Engineering and Locomotive Co Ltd is not averse to forging alliances for its commercial vehicle division, according to a top company official.

Corporate
Reforms hold key to growth
THE Assocham President, Mr K.K. Nohria, has stressed the need to accelerate the second-generation reforms rather than making new policy announcements.

Despite recession, Chemplast Sanmar profits zoom
AT a time when the entire economy is under recessionary pressure, Chennai-based Chemplast Sanmar reported a three-fold increase in its net profit for the first half of the current year. Net profit increased to Rs 10.94 crore from Rs 2.96 crore in the sam e period last year.

Voltas can dilute stake in Perfect Moulds
THE Government has permitted Voltas Ltd, the Tata group air-conditioning major, to bring down its shareholding in the joint venture company, Perfect Moulds Ltd, from the present 85 per cent to 50 per cent by selling 35 per cent stake to the French multin ational company, Sermo Montaigu, at a 40 per cent discount.

Steel
KIOCL set to post 25 pc net growth
KUDREMUKH Iron Ore Company Ltd (KIOCL) is set to achieve its third highest production level in the last five years and is poised to clock a turnover of Rs 650 crore, apart from posting a 20-25 per cent growth in profits in the current fiscal, higher than last years figure of Rs 58.51 crore.

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