The Hindu Business Line : Wednesday, December 18, 2002

Indian Oil plans to tap S-E Asian markets
INDIAN Oil Corporation plans to introduce its products in the South-East Asian markets, including Thailand and the Philippines, after ``stabilising'' in Malaysia, according to a senior company official. Indian Oil, which introduced `Servo' ... More

PREFERENTIAL ALLOTMENTS

Jindal Poly defers decision on pref allotment

Nava Bharat to redeem pref shares

CORPORATE DISPUTES

India takes up Polaris arrests with Indonesia
INDIA today took up with Indonesia the arrest of the Polaris Software Labs CEO, Mr Arun Jain, and another company official in Jakarta over a commercial dispute and hoped that the issue would be resolved soon. The Foreign Office called the ... More

Polaris says dispute is commercial, not criminal
POLARIS officials claim that the dispute between Polaris and its Indonesian customer, Bank Artha Graha, is commercial and that there is no criminal offence involved. The company has appointed Lucas Partners, an international law firm, as its ... More

AWARDS & HONOURS

NFCL bags environment award
NAGARJUNA Fertilisers & Chemicals Ltd (NFCL), Kakinada, the flagship company of the Nagarjuna Group, has bagged the Environment Protection Award in the nitrogenous fertiliser plants category for the year 2001-02. The award is given by the ... More

AUDITING

ICWAI may accept Pakistani's idea on name change
AT a time when India-Pakistan relations are less than cordial, it is somewhat surprising that the proposal to change the name of Institute of Cost and Works Accountants of India (ICWAI) has come from across the border. A Pakistani accountant ... More

COURTS/LEGAL ISSUES

Bengal to move HC on CESC tariff issue
THE dismantling of cross-subsidies in the CESC tariff has been taken up by political parties with the Opposition parties on Tuesday setting a copy of the order on fire within the well of the House and the State Power Minister making a statement ... More

INTERVIEW

Ashok Leyland expects to save Rs 30-35 crore this year
ASHOK Leyland has been in the news recently, following its announcement to extinguish certain amortised expenditure against the balance in the Share Premium Account. Also, in the first half of the current year, the company managed to shave about ... More

DIVERSIFICATION

Spreading your wings right?
Looking to expand your business? Make sure you follow the three vital rules that will help you diversify along the right track. More

Pepsi plans foray into bulk water segment
AS if the battle over market shares in the retail packaged water segment was not enough, the stage seems set to shift to the bulk water segment. According to industry sources, soft drinks major PepsiCo India is planning to foray in the bulk ... More

SICK UNITS

BIFR okays winding up of Mysore Kirloskar
IT is curtains down for the Karnataka-based machine tools manufacturers Mysore Kirloskar Ltd (MKL) with the Board for Industrial and Financial Reconstruction (BIFR) giving its nod for winding up the company. The bench at the recent hearing ... More

`Cos Bill aims at reviving sick units'
PARLIAMENT on Tuesday approved the Companies (Amendment) Bill, 2002. The Rajya Sabha gave its nod to the Bill, which aims at integrating the procedure relating to restructuring and winding up of companies. It proposes to put in place the ... More

BIFR pulls up Montari Leather for violating SICA provisions
THE Board for Industrial and Financial Reconstruction (BIFR) while confirming its prima facie opinion of winding up Montari Leather Ltd (MLL) has pulled up its promoters for misusing the provisions of Sick Industrial Companies (Special ... More

OUTLOOK

Wipro sees energy practice chipping in 30% to enterprise
THE energy and utilities division is likely to contribute close to 30 per cent of revenues to the enterprise solutions business of software major Wipro Ltd in the current financial year, the President-Enterprise Solutions, Mr Sudip Banerjee, ... More

Indigo has a hard act of Indica to follow
EQUITY analysts tracking the automobile sector expect competitive pricing from Tata Engineering tomorrow, for its new mid-size segment car, the `Indigo.' Notwithstanding the `Spoil Yourself' advertising campaign under way for the car and its ... More

JK sees China as global base for tyre exports
JK Industries Ltd (JKI), manufacturer of JK Tyres, plans to cash in on the opportunities thrown up by China on a multi-fold basis. JKI sees China emerging as a major sourcing base for truck tyres in the coming years. "We are looking at a ... More

PERFORMANCE

BPL home gadgets biz sees higher sales this season
THE Home Appliances Business Group (HABG) of BPL Ltd has recorded a volume growth of 92 per cent year-to-date for the current financial year (2002-2003) of around 1.25 lakh appliances, according to a press release. This is attributed to the ... More

TRENDS

69 companies registered in Nov

NEW PRODUCTS & SERVICES

Tatas line up premium Safari launch
THE Indigo may be the flavour of the season for Tata Engineering, but the company is suddenly on a roll and is all set to launch a string of models which, as its Executive Director, Dr V. Sumantran, says, will make it a world-class designer, ... More

M&M unveils Bolero Sportz
MAHINDRA and Mahindra Ltd (M&M) introduced its latest multi-utility vehicle - Bolero Sportz - in the Kerala market on Tuesday. Speaking to newspersons, Mr K.A. Ravindranath, Deputy General Manager (Sales), said that the vehicle was aimed ... More