The Hindu Business Line : Tuesday, January 29, 2002

Maruti 800, Esteem, Omni costlier
DELIVERING a bad news for prospective car buyers, Maruti Udyog Ltd on Monday raised prices of some of its cars, particularly the largest selling 800-cc car, by a maximum of Rs 8,835. Maruti has raised prices of all the variants of the 800-cc ... More

Bhilwara spins specialty yarn for Tirupur knitters
Tencel is specially targeting the knitwear sector for the application of its specialty fibres for fashion knitwear and sports wear ranges. More

BUYBACK

Indian Rayon's buyback plan deferred
strike at its rayon division at Veraval, VRS payment in its textile division, other commitments apart from market conditions.

OPEN OFFERS

SEBI exemption to Thapar bros
THE Securities and Exchange of India (SEBI) has granted exemption to the Thapar brothers from making an open offer to acquire voting rights of Shree Sitaram Sugar Company Ltd, Deoria Sugar Mills, New Savan Sugar and Gur Refining Company Ltd under ... More

CORPORATE DISPUTES

No plan to quit power business, say Goenkas
MR SANJIV Goenka, Vice-Chairman of CESC Ltd, today assured the West Bengal Government of the RPG group's commitment to the power sector. In an early morning meeting at the residence of Mr Mrinal Banerjee, Minister for Power, Mr Goenka sought to ... More

GENERAL INSURANCE

Cost of cover rising for corporates
WITH the reinsurance markets continuing to remain firm, the insurance cover costs of most corporates have escalated. According to sources, premium costs have gone up despite the offer of no-claim discounts during the last year. Normally, if ... More

NEW PRODUCTS & SERVICES

BEML rolls out 3 new products
BHARAT Earth Movers Ltd (BEML) has rolled out three new products from its factories at Mysore and KGF, according to a company press release here. The articulated motor grader, launched from its Mysore complex, was developed by inhouse R & D. A ... More

RESTRUCTURING

Gillette to unplug Duracell
GILLETTE India Ltd has ceased production at its Duracell plant at Manesar, Haryana. The company will now source all alkaline batteries from other Duracell facilities worldwide. Following a review of the Indian alkaline battery market, Gillette ... More

MERGERS & ACQUISITIONS

Infar India to delist soon
INFAR India Ltd, which is currently in the process of becoming a 100-per cent wholly-owned subsidiary of the Dutch major Akzo Nobel NV, will apply for delisting from the stock exchanges in February. Currently, the company has made the second ... More

SingTel not to buy Sify stake
CHENNAI: Singapore Telecommunications Ltd (SingTel) on Monday denied that it is interested in acquiring stake in Satyam Infoway (Sify), one of the top Internet service providers (ISP) in the country. Speaking to Business Line ... More

PEOPLE

Sethi appointed MD of Reckitt Benckiser
RECKITT Benckiser (India) Ltd, part of the UK-based Reckitt Benckiser Plc, today announced the appointment of Mr C.M. Sethi as the Managing Director from January 21. In an official statement, the company said Mr Sethi had been with the company ... More

Scoreboard
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in

`Railneer' to quench commuters' thirst

UTI writes off 50% of NPAs in monthly plans

Reliance signs licence for long-distance

Develop bond market to cut forex risk: BIS

Rlys set to haul 490 mt freight

SSI net down 93 pc in Q2

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Jan. 20-Jan. 26
Norsk to sell Utkal stake to Indal-Alcan