The Hindu Business Line : Thursday, March 13, 2003

Volkswagen keen on car plant in TN
The Volkswagen team visited Chennai on February 18 and 19 and went around Hyundai's manufacturing facility and auto components manufacturing units and held discussions with the manufacturers. It also visited several industrial parks in and around Che nnai to assess the feasibility of setting up a facility. More

Kinetic to hit market with mini-bike — Plan to introduce sports model postponed
THE country's fifth largest two-wheeler maker, Kinetic Engineering, plans to launch a slew of motorcycles including a 100 cc mini-bike this year and a new initiative called Kinetic biking concept for the motor cycle buffs. But the launch of its ... More

Ford launches Ikon variant
FORD India launched a limited edition `Finesse' variant of its new Ford Ikon NXT in the Capital on Wednesday. The `Finesse' limited edition model features triangular front fog lamps, 13" alloy wheels, rear spoiler, body side mouldings, clear ... More

ACCOUNTING STANDARDS

Listed cos may be asked to follow AS-25
LISTED enterprises may be required to present quarterly "condensed financial statements" in conformance with the Accounting Standard on Interim Financial Reporting issued by the Institute of Chartered Accountants of India (ICAI). The ICAI ... More

Audit report must reflect diversion of funds, if any
Expert Group that reviewed the Manufacturing and Other Companies (Auditors Report) Order (Maocaro) constituted by the DCA has made this suggestion. More

PREFERENTIAL ALLOTMENTS

JVSL board accepts debt restructuring deal
JINDAL Vijayanagar Steel Ltd's board of directors has accepted the debt restructuring package approved by the Corporate Debt Restructuring Cell (CDR). The company has scheduled an extraordinary general meeting of its shareholders on April 22 to ... More

CORPORATE DISPUTES

Telecom meet again today
THE warring cellular operators and WLL service providers are meeting once again here tomorrow under the aegis of the Telecom Committee constituted by the Communications Minister, Mr Arun Shourie, to sort out the contentious issues. However, ... More

CONSULTING

KPMG to expand business in India
KPMG is in the process of reorganising and expanding its advisory and consulting activities in India by establishing business advisory services (BAS). A KPMG press release said the company's infrastructure advisory group has been inducted into ... More

RESTRUCTURING

Dabur gets real
Having completed its biggest restructuring exercise in recent times, Dabur India has charted a more focused, flexible and resource-led path for sustained growth for its FMCG business. Catalyst examines the fine print. More

MERGERS & ACQUISITIONS

Malavalli invests in Apara Enterprise
The companies that Mr Malavalli invests in are all geared to his dream of taking "storage area networks to the masses," More

NEW PROJECTS

TCS sets up office in Buffalo, NY

ALLIANCES & JOINT VENTURES

Biocon gets nod for tech-equity swap
THE Bangalore-based Biocon India has become the first company in the country to receive permission from the Government to issue equity shares to its foreign partner in a proposed joint venture on the basis of valuation of the technology provided ... More

Birlas eye value-added insulators via jt venture
THE A V Birla group is seeking to penetrate the value-added insulators market through its newly-formed joint venture with the Japanese major, NGK. The group's existing insulators business, which so far did not possess the technical inputs ... More

DIVERSIFICATION

Suguna group to foray into sericulture
THE Rs 400-crore poultry major, Suguna group of Udumalpet is expanding its activities to sericulture. The group has planned to promote mulberry-cocoon integrated farming in about 10 zones, which may, at a later stage, be extended to silk ... More

OUTLOOK

Tata Engg wants to hit China roads
TATA Engineering Company Ltd, which exports a range of automobiles to the UK, Italy and France, is now planning to enter China, which is perceived to be emerging as a major market for automobiles with a registered growth rate of about 40 plus per ... More

FCI OEN Connectors to sharpen focus on auto sector supplies
FCI OEN Connectors Ltd, the prime supplier of professional grade connectors in the country, proposes to increase its exposure in the automotive business. The company, which supplies connectors to auto majors such as Ford, Fiat and M&M, is looking ... More

PEOPLE

Rajiv Bajaj is JMD of Bajaj Auto
MR Rajiv Bajaj, President & Whole-time Director of Bajaj Auto Ltd (BAL), has become the Joint Managing Director of the company effective today, an official statement said. Son of Mr Rahul Bajaj, Chairman & Managing Director, BAL, Mr Rajiv Bajaj ... More

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