The Hindu Business Line : Tuesday, July 29, 2003

`Hyundai India not hit by unrest at parent'
HYUNDAI Motor India Ltd has said that its operations have not been hit by the prolonged labour unrest at its parent, Hyundai Motor Company, Korea. A Hyundai Motor India spokesman said that the Santro and the Accent came with nearly 90 per cent ... More

Kennametal Widia to retire high cost debts by October
MACHINE tools-maker, Kennametal Widia India Ltd plans to retire its entire high cost debts on its books by October and raise subsequent loans at cheaper rates as it seeks to cut its interest payouts. Such an initiative was in line with the ... More

BSES proposes quarterly dividend
BSES is the first Indian company to decide on declaring quarterly dividends. The company's board at its meeting today approved the proposal. "The initiative will benefit over 1.20 lakh investors of the company," BSES said. The promoters ... More

BHEL unit bags order for STP
BANGALORE: BHEL's Industrial Systems Group has won an Rs 36.30-crore contract from the Chennai Metro Water Supply & Sewerage Board. BHEL will build a 40-mld sewage treatment plant at Nesapakkam over the next 18 months and also operate ... More

Tinplate to expand capacity by 20,000 tonne
TINPLATE Company of India Ltd, a Tata group venture, will increase its capacity by another 20,000 tonnes during the next two years, which is expected to make a significant contribution to the company's bottomline. The Managing Director, Mr ... More

JK Corp suspends magnetic tape unit operation
JK Corp has announced that the operations at the Magnetic Tape division of the company have been suspended from June 30. The company said in a communiqué to the Bombay Stock Exchange that its Magnetic Tape division has been "continuously ... More

AUDITING

ICAI refers white paper on MNC firms to study group
THE Institute of Chartered Accountants of India (ICAI) has referred the `White Paper on multinational accounting firms operating in India' to its study group headed by Mr Jayant Gokhale, Chartered Accountant. The Chartered Accountants' Action ... More

MERGERS & ACQUISITIONS

Punjab Tractors: `Swaraj' to Raj?
In 1975, 589 `Swaraj' tractors were sold, a number that touched 5,984 by 1983 and 45,712 in 2001, corresponding to a 20 per cent market share. More

ALLIANCES & JOINT VENTURES

Suzuki takes joint venture route for 2/3 wheelers
SUZUKI Motor Corporation (SMC) has decided to take the joint venture route for its two and three-wheeler venture in the country, after having established its presence strongly in the four-wheeler market through Maruti Udyog Ltd. According to ... More

OUTLOOK

M&M in talks with Valtra Tractors for investment
MAHINDRA & Mahindra Ltd (M&M) is in talks with a Finnish tractor company Valtra Tractors for a possible investment, Mr Keshub Mahindra, Chairman, M&M, told shareholders on Monday. "We look at every opportunity. The talks with Valtra are at a ... More

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