Financial Daily
from THE HINDU group of publications

Friday, December 28, 2001





Will WTO ruling hit auto part cos?
THE reported WTO ruling against India on two key aspects of its auto policy, particularly the one relating to local content requirements, has raised the crucial question of what impact it would have on the Indian component manufacturers if the foreign ca r manufacturers choose to source from their suppliers abroad.

Hind Motors to make CNG engines for buses
HINDUSTAN Motors Ltd. on Thursday said it is going to make Compressed Natural Gas (CNG) engines for fitting in buses and for usage in power generator sets.

Bhartiya Intl takes China route to global market
BHARTIYA International Ltd (BIL), a manufacturer of leather fashion garments, has recently entered China through a toll manufacturing arrangement in as many as three facilities in order to ``de-risk its business operations and give the company cost advan tages''. The Chinese foray will also help the company access the huge leather fashion market in the West.

BIFR declines to accept India Rubber `sickness'
IN what can be termed as one of the rare developments, the Board for Industrial and Financial Reconstruction (BIFR) has refused to accept the `sickness' of India Rubber Ltd (IRL), the Hyderabad-based ailing producer of precured tread rubber, bonding gum and vulcanising solution.

Yokogawa bags Bannari order
YOKOGAWA Blue Star Ltd (YBL) has announced that it has bagged a Rs 3.78-crore order from the Tamil Nadu-based Bannari Amman Sugars Ltd (BASL) for providing a comprehensive automation solution for both its 20 MW co-generation plant and sugar plant located at Satyamangalam.

Mandarin group bid for big presence in India
THE Hong Kong-based Mandarin Oriental Hotel Group is in talks with domestic hotel groups and investors for setting up operations in India, the Group's Operations Director, Asia-Pacific, Mr Nicholas Clayton, has said.

HPCL workers to strike work in Jan
HINDUSTAN Petroleum Corporation Ltd's 3,500-odd management staff will strike work in the last week of January to protest ``poor corporate governance".


Supply on negotiated basis -- NTPC shoots down Petronet proposal
THE National Thermal Power Corporation (NTPC), backed by the Power Ministry, has turned down Petronet LNG Limited's offer to supply LNG to it on a negotiated basis.

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