The Hindu Business Line : Saturday, March 21, 2009

CORPORATE

MANPOWER: Jaguar Land Rover begins cutting management jobs
Initiates voluntary programme to trim workforce by 600. Pune, March 20 Tata Motors’ UK-based subsidiary Jaguar Land Rover (JLR) has initiated a voluntary redundancy programme to cut jobs of 600 of its own salaried employees over the next ...

PERFORMANCE: Lower offtake hinders CIL’s production plans
Pithead stock increasing by 2 lakh tonnes a day. Inadequate offtake during the peak production months of February and March may have spoiled Coal India Ltd’s production plan during ...

OUTLOOK: Efforts to reduce cost of ownership working: Ford
Manufacturing its own diesel engine helped the process. Chennai, March 20 Ford India believes its efforts to tackle the “cost of ownership” issue are paying off and that is one explanation for the growing number of Ford vehicles on ...

ALLIANCES & JOINT VENTURES: Indian Bank, Tata Motors tie up
Indian Bank has entered into a tie-up with Tata Motors for financing its range of passenger cars. Under the MoU, the bank will offer loans at 11.5 per cent interest rate to customers buying Tata Motors’ passenger cars. The repayment period ...

OUTLOOK: UB working on developing new brands
Bangalore, March 20 United Breweries is putting together a roadmap for the next fiscal which includes three new brand launches, even as the company said that its expansion plans and setting up of greenfield breweries were on ...

ALLIANCES & JOINT VENTURES: IOC evinces interest in RIL fuel retail biz
New Delhi, March 20 With the deadline for Reliance Industries Ltd’s (RIL) offer for a joint venture in its fuel retail business closing in, the market was abuzz that Indian Oil Corporation (IOC) has proposed a 50:50 ...

ALLIANCES & JOINT VENTURES: Avesthagen floats joint venture with Chilean co
Chennai, March 20 Avesthagen has set up Avesthagen Latam SpA in joint venture with a Chilean-based biotech company, Uxmal S.A, to promote research and development of bioactives for ...

VENTURE CAPITAL: Essar Power raises Rs 350 cr from IDFC Project
Mumbai, March 20 Essar Power Ltd, part of the Essar Group, has announced that it has raised Rs 350 crore from IDFC Project Equity for part-financing the equity for its ...

PERFORMANCE: Ashok Leyland’s cost-cutting initiatives yield Rs 1.67 crore
Chennai, March 20 The slowdown is creating opportunity for companies and employees to do things differently, especially when it comes ...

PERFORMANCE: Dr Reddy’s revenues cross $150 m in Russia/CIS region
Hyderabad, March 20 The revenues of pharma major Dr Reddy’s Laboratories Ltd have crossed $150 million in the Russia/CIS region in the current financial ...

TRADE & LABOUR UNIONS: BHPV staff seek wage revision
Visakhapatnam, March 20 The BHPV employees’ union, affiliated to the CITU, has urged the Union Government and the management of BHEL, which has taken over BHPV, to effect wage ...

REGULATORY BODIES & RULINGS: US FDA nod for Aurobindo drug
Hyderabad, March 20 Aurobindo Pharma Ltd has received final approval for Fluoxetine oral solution from the US Food and Drug Administration. The generic equalivalent of Eli Lilly’s Prozac, Fluoxetine is indicated for the treatment ...

ALLIANCES & JOINT VENTURES: Canara Bank, Hyundai in pact
Canara Bank has entered into a tie-up with Hyundai Motor India Ltd to finance the passenger vehicles produced by the company. The bank will extend the finance facility through its branches across the country to the buyers of the cars through the ...