The Hindu Business Line : Monday, September 13, 2004

INSIGHT
Subsidiaries growing faster than parent cos
IF you think a subsidiary just adds to the pages of a company's annual report and does little else, think again. An analysis of 200 companies that are part of the S&P 500 index indicated that subsidiaries have grown at a faster pace than the ... More

NEW PROJECTS
L&T says China ho! — To set up facility in a year
Instead of fighting the Chinese, it was thought more prudent at L&T to join them. More

INTERVIEW
`We understand Indian palate better'
THE foods business of ITC Ltd, launched some three years ago, has already seen an investment of Rs 100 crore, and today straddles the three FMCG consumer segments of staples, biscuits and confectionery. Helped by the company's ability to ... More

SOCIETY & DEVELOPMENT
Newage reaches out to the under-privileged in Pune
EDUCATION, donation of toys to HIV-affected children, sponsoring cricket matches are on the social responsibility agenda of the Pune-based power solutions company, Newage AVKSEG. Mr Pradeep Bhargava, Managing Director, Newage, said that the ... More

OUTLOOK
Wipro identifies wellness products as growth area
WIPRO Consumer Care Ltd (WCCL) has identified the wellness category of products as a focus area. The company, which is a division of Wipro Ltd, has already indicated that it is open to acquiring brands in categories including toilet soaps and the ... More

Toyota plans to launch Indianised Innova next year
TOYOTA-KIRLOSKAR is expected to launch Innova, the crossover passenger vehicle, in India early next year. Sources connected with vehicle development in the company told Business Line that the Innova, launched in Indonesia early this ... More

PEOPLE
Morarjee honcho to join Raymond
TEXTILE major Raymond Ltd will beef up its top management with the induction of Mr Robert Lobo, who is currently the Chief Executive Officer of the Ajay Piramal-managed fabric maker Morarjee Brembana Ltd. Mr Lobo is expected to take up a key ... More

Scoreboard
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L&T says China ho! — To set up facility in a year

Revenue per employee falling for IT cos

Bonds shrug off inflation

Manage and sell - Fund managers' dual role could affect performance

Oilmeal exports jump 260% during April-August

Maharashtra mills to import 1 lakh t sugar

Mutual fund IPOs get good responses

Looking back
Sep. 5-Sep. 11
Colour Chem open offer and asset valuation

How is Indian industry faring?

Corporates take to `radio frequency identification'