CORPORATE
ANNOUNCEMENTS
BPCL in talks with Reliance for long-term purchase agreement
BHARAT Petroleum Corporation is negotiating a five-year agreement with Reliance Industries to buy products from its Jamnagar refinery. A previous product-sourcing agreement between the two companies expires on March 31, 2004. Destined for the ...
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Glenmark Pharma inks $80-m deal with US company
GLENMARK Pharmaceuticals Ltd on Wednesday intensified its plans for the world's largest generic drugs market, the US. The company on Wednesday announced that its wholly-owned subsidiary, Glenmark Pharmaceuticals Inc, had entered into a product ...
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Maruti plans two new launches
MARUTI Udyog Ltd (MUL) is planning to launch at least two new models this year. Among the cars being considered are the Suzuki Liana, the Ignis, and the Jimny. The company has already commenced customer feedback through clinics at various sale ...
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Maybach comes to India with Rs 5-cr tag
DaimlerChrysler today launched Maybach, arguably the most luxurious car in the world, in India. At Rs 5 crore, Maybach is the most expensive automobile ever to hit Indian roads. "We will take bookings for the Maybach within the next month," ...
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Tata Motors to launch Indica upgrade
TATA Motors will launch an upgraded version Indica on Thursday, in a bid to shore up sales of the small car. The company will also introduce a station wagon version of the Indica. The Chairman of Tata Motors, Mr Ratan Tata, will launch the ...
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BHEL bags Rs 20-cr order from IOC
BHARAT Heavy Electricals Ltd (BHEL) has bagged an order for a compressor and drive turbine package for Indian Oil Corporation's Panipat refinery expansion project against stiff competition from Japanese suppliers. Valued at Rs 20 crore, the ...
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Skoda lines up more models
SKODA Auto, maker of Octavia luxury car, on Wednesday said it would launch more models in India this year, as it expects sales to grow by 65 per cent to 8,000 units. The models that Skoda will roll out in the country in the coming months ...
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GAIL gives Rs 227 cr dividend cheque to Union Govt
GAIL (India) has presented an interim dividend cheque of Rs 227.80 crore for the financial year 2003-04 to the Government. The interim dividend cheque was presented to the Minister for Petroleum and Natural Gas, Mr Ram Naik, by GAIL's Chairman ...
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HMT to produce, sell Trantor's transport tractors
HMT Ltd has signed a technology collaboration agreement with Trantor Vehicles Ltd (TVL) to manufacture and sell Trantor's transport-oriented tractors. The agreement, which gives HMT exclusive worldwide rights to produce and sell the vehicle, ...
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REGULATORY BODIES & RULINGS
More sweat and less light
Mohan R. Lavi on the unclear rules from the DCA on sweat equity
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DCA `advises' ICAI to get books audited
IS the autonomy of the Institute of Chartered Accountants of India (ICAI) once again under attack? The Department of Company Affairs (DCA) is understood to have shot off a letter to the institute, "advising" it to get its accounts for last three ...
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OUTLOOK
LML to pump in Rs 245 cr; rolls out `Graptor'
IN a bid to capture a sizeable marketshare in the two-wheeler market, LML is planning to invest about Rs 245 crore over the next 1-3 years towards expanding capacity for its motorcycles as well as foraying into the gearless scooters ...
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PERFORMANCE
DaimlerChrysler India's focus to remain on luxury car segment
DAIMLERCHRYSLER India, the Indian subsidiary of the German luxury carmaker, does not have any immediate plans to launch new models from the Chrysler stable. DaimlerChrysler is also said to have stalled the development of the China Concept ...
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New models spruce up Hero Honda margins
MOTORCYCLE major - Hero Honda has recorded a 33 per cent improvement in post-tax earnings for the quarter ended December 2003. The turnover during this period increased by about 15 per cent to Rs 1,581.4 crore. Much of the improvement in ...
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