The Hindu Business Line : Wednesday, April 02, 2003

RIL to announce results on April 23
RELIANCE Industries Ltd (RIL) said that it will announce its audited financial results for the year ended March 31, 2003 on April 23, 20003. The company has already informed the stock exchanges, said a company release. For the nine-month period ... More

ACCOUNTANCY

ICAI begins peer review system
DON'T fool around with professional ethics is the message which the Institute of Chartered Accountants of India (ICAI) seems to be sending to its members. Exactly a year after it had formalised a statement on Peer Review (2002), the institute on ... More

MERGERS & ACQUISITIONS

UB to acquire entire stake in Associated Breweries
UNITED Breweries (UB) has decided to hike its stake in the Mumbai-based Associated Breweries & Distilleries to 100 per cent. The Vijay Mallya-controlled beer major currently owns 65 per cent of the equity of ABD, which it acquired in November ... More

Cadbury buy of Adams biz formalised
CADBURY India Ltd on Tuesday announced that its acquisition of the Warner Lambert business in India has been completed on March 31. Cadbury Schweppes Plc had announced the acquisition of the Adams business from Pfizer Inc for a total cash ... More

INTERVIEW

`Growth will be flat in 2003' — Mr R. Chandrasekhar, Chief Financial Officer, Essel Propack
THE Rs 466-crore Essel Propack Ltd (EPL) is one of the few Indian companies that ranks at the top globally in its segment and runs manufacturing facilities worldwide. The packaging major, which occupies pole position in laminated tubes, had a ... More

PERFORMANCE

Steel price hike turns SAIL fortunes
BUOYED by the recent upturn in the steel prices, it seems that time has come for central public sector unit, Steel Authority of India Ltd (SAIL) to register a turnaround. The first signs of such a reversal in fortunes were evident from the ... More

TVS Motor's vehicles sales cross 1 million
TVS Motor Company closed the financial year 2002-03 with a 29 per cent growth in overall volume sales. In comparison, the total industry volume grew only 17 per cent, the company has said in a press release. The company's total sales during ... More

GM sells 1,479 units in March
GENERAL Motors India Ltd has recorded an all-time high sale of 1,479 vehicles in March due to increased sales of Corsa, Vectra and the newly launched Chevrolet Forester. This represents a 185 per cent increase in sales during March compared to ... More

Eicher Motors CV sales up 32%
EICHER Motors Ltd (EML) has reported a growth of 32 per cent in sales of its commercial vehicles during the financial year 2002-03 compared to the previous year. The company sold a total of 12,717 vehicles during the year 2002-03 against 9,630 in ... More

Bajaj confident of 10% sales growth
BAJAJ Auto Ltd (BAL) on Tuesday said that it expects sales to improve by 10 per cent to over 1.6 million units in 2003-2004, despite a 12.1 per cent volume decline in two and three-wheelers to 110,117 units for March 2003 compared to 125,224 ... More

UB Group spirits division posts improved sales

Fall in March L&T cement despatches

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