The Hindu Business Line : Tuesday, April 29, 2003

TVS Motor to spend Rs 1,000 cr on new products
TVS Motor Company Ltd on Monday said that it proposed to spend "Rs 200 crore per year for five years" on new product development. Addressing a press conference here, the Chairman and Managing Director, Mr Venu Srinivasan, said that he expected ... More

COMPANY LAW

Cabinet to take up Cos Bill today
THE Companies (Amendment) Bill 2003, which seeks to define auditor-company relationship and prescribe stiffer penalties for non-compliance, is to be taken up by the Cabinet on Tuesday. According to informed sources, "the Bill will have the ... More

AUDITING

Developing CAs as experts in IT skills
ONE of the recent initiatives of the Institute of Chartered Accountants of India (ICAI) is apparently paying off and it relates to getting its CAs recognised as experts in the information technology field. It has been about two years since the ... More

RESTRUCTURING

HPL debt: GAIL ready for lower rate
THE restructuring proposal of Haldia Petrochemicals Ltd (HPL) has received a fresh lease of life with Gas Authority of India Ltd (GAIL) agreeing to a lower rate of loan conversion. Top HPL sources said that GAIL, which was earlier insisting ... More

ALLIANCES & JOINT VENTURES

Ashok Leyland ties up with Hino
ASHOK Leyland Ltd today signed a technology transfer agreement with Hino Motors of Japan, for high-power engines — with a power capability of 260 HP and eight-litre displacement. The company will manufacture these engines (with technical ... More

OUTLOOK

TVS Motor — `Rs 500-cr' investment in: When?
TVS Motor has announced plans to start a new three-wheeler plant in Karnataka, but there is some confusion about how much it will invest. Earlier, the Karnataka Minister for Industries, Mr R.V. Deshpande, said the company would spend Rs 500 ... More

PERFORMANCE

Jisco posts Rs 120.98-cr net profit
LEADING galvanised steel exporter, Jindal Iron & Steel Company Ltd (Jisco), will provide consultancy and take on O&M contracts for galvanising plants in developing markets, talks already on with units in Iran and Ethiopia, Mr Sajjan Jindal, ... More

Zee Tele: Tight show in difficult times
RISE in subscription revenues and a check on costs have helped Zee Telefilms post a fairly impressive earnings growth for the January - March 2003 quarter. Zee Telefilms as a standalone entity and Zee Network as a whole have come up with ... More

Kinetic Engg exports to US touch 25,000 units
KINETIC Engineering said on Monday that it has reached a milestone figure of 25,000 vehicles exported to the US. The exports, which began in 1994, comprised mopeds Luna and V2 and scooter Style (re-christened as Milano for the US ... More

Indian Rayon riding high on favourable breeze
A THREE-FOLD increase in sustainable profits have made 2002-03 a good year for Indian Rayon despite the demerger of one of its critical businesses - the insulators division and the red that its ready made garments business continues to don . ... More

PEOPLE

Starcom appoints Porwal as GM
Publicis Groupe owned Starcom Worldwide has appointed Mr Manish Porwal as General Manager in charge of Investment, Business Development and New Initiatives, according to a news release. Mr Porwal will be based in Mumbai and report to Mr Ravi ... More

NEW PRODUCTS & SERVICES

Keltron device to analyse gold purity
THE Kerala State Electronics Development Corporation (Keltron) has announced the launch of a gold purity analyser. Branded the Keltron Robo Gardien, the product is a portable microprocessor-based instrument for analysing the purity of gold and ... More

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