The Hindu Business Line : Tuesday, December 09, 2003

Maruti rolls out upgraded version of Grand Vitara
WITHIN a year of launching its maiden sports-utility-vehicle (SUV), the Grand Vitara XL-7, Maruti Udyog on Monday announced the roll out of an upgraded version of the vehicle. Priced at a premium of Rs 21,000 over the earlier variant, the new ... More

Ranbaxy's Augmentin gets US clearance
RANBAXY Laboratories Ltd (RLL) has received the final approval from the US regulatory authorities to manufacture and market the bio-equivalent version of the antibiotic Augmentin in its chewable form. GlaxoSmithKline is the original patent ... More

BPCL completes first interest rate swap
BHARAT Petroleum Corporation Ltd on Monday completed its first interest rate swap for a loan of Rs 100 crore. Citigroup completed the interest rate derivative transaction, a news release said. The company has moved from domestic fixed interest ... More

Microseal launches products in India
MICROSEAL Technologies Ltd, an US-based automotive service company, today launched its products in India through its sole distributor WonderTach, a Hyderabad-based automotive service company. Introducing the products at a city `car grooming ... More

Environment-friendly paper from ITC
ITC Ltd has commenced commercial production of paper using the environment-friendly ECF (elemental chlorine-free) technology at its Bhadrachalam unit in Andhra Pradesh. The company's Paperboards and Speciality Papers Division hopes to sell ... More

Futura Polyesters board meet on Dec 13

Padam Cotton gets shareholders' nod for disposing assets

Excel Ind to sell land at Amboli

HUMAN RESOURCES

Ex gratia for retd IOC staff
OIL major Indian Oil Corporation Ltd is likely to make an ex gratia monthly payment to around 200-odd former employees who have superannuated before 1987. According to sources, the directors have already agreed upon this matter. The final ... More

HR transformation: How ready are Indian cos?
IN many organisations, the human resource (HR) department is increasingly expected to become a strategic partner by delivering value and driving the change process. But how willing is the HR department to reinvent itself and what is its role in a ... More

RESTRUCTURING

NTC revamp may result in region-wise mills groupings
IF the Rs 4,000-crore restructuring scheme drafted for the ailing National Textile Corporation (NTC) goes through as per schedule, there is every likelihood that the revamped units would be reorganised under four region-wise mill ... More

MERGERS & ACQUISITIONS

Zee arms may be merged with parent
A merger of ETC Networks with ZTL is also likely but the officials did not confirm this possibility. More

Court okays Taj GVK, Punjab Hotels merger
TAJ GVK Hotels & Resorts Ltd has informed the stock exchanges on Monday that the High Court of Delhi approved amalgamation of Punjab Hotels Ltd, a 100-per cent subsidiary of the company, with itself. According to Taj GVK, the merger would be ... More

ALLIANCES & JOINT VENTURES

Dr Reddy's inks pact with Croatian co
DR Reddy's Laboratories Ltd has announced that it has signed an agreement with PLIVA for development and marketing of oncology products in Europe. PLIVA is a global pharmaceuticals company based in Zagreb, Croatia, and the agreement covers ... More

OUTLOOK

Pentair pins hopes on Everpure water filters for more biz
WATER technology major Pentair Inc's recent global acquisition of Everpure, a water-filtration products company, is expected to have its ripples in the Indian market. With Pentair's products and services covering the industrial and domestic ... More

PERFORMANCE

Benz cars top sales target
LUXURY car manufacturer DaimlerChrysler India Ltd is on a roll this year with sales of both the C-class and the E-class Mercedes Benz cars surpassing the sales targets in the current year. The company's Managing Director, Mr Hans-Michael Huber, ... More

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