The Hindu Business Line : Wednesday, July 27, 2005

Volkswagen puts car project in India on hold
THE German automotive major Volkswagen AG has informed the Andhra Pradesh Government that it has temporarily put on hold its car project in India. The company, which has been hit by a bribery scandal, has however indicated its continued ... More

Hispano Maghreb bags Morocco order to supply 800 buses
HISPANO Maghreb, the fully owned subsidiary of Hispano Carrocera, has bagged its largest-ever single contract to supply 800 urban buses to Casablanca's urban transport operator, M'Dina Bus. Tata Motors Ltd has a 21 per cent stake in Hispano ... More

Ranbaxy venture launches diabetes drug in Japan
NIHON Pharmaceutical Industry Ltd (NPI), a joint venture between Ranbaxy Laboratories Ltd and Nippon Chemiphar Ltd (NC), has launched its first co-developed product, Vogseal (generic-Voglibose) in Japan used for the treatment of diabetes. The ... More

Tecumseh India bags US order
TECUMSEH India, a 100 per cent subsidiary of Tecumseh Products Company (TPC), USA, has signed a multi-million dollar three-year contract with a US engineering giant for product development through its design hub CADEM centre. CADEM centre ... More

Radico Khaitan board meet

OVERSEAS BORROWINGS

Taneja Aerospace to raise $10 m
BANGALORE: Taneja Aerospace and Aviation Ltd plans to raise $10 million (Rs 43 crore) from overseas markets. The proposal to raise funds overseas will come up before an extraordinary general meeting on August 1, the company said in a ... More

NEW PROJECTS

IOC to split Paradip project into two phases
INDIAN Oil is planning to split the petrochem part of the proposed 15-million-tonne integrated refining and petrochemicals complex at Paradip in Orissa so that it can be implemented in two phases. This decision is likely to affect the ... More

TRADE & LABOUR UNIONS

Outsiders instigated labour unrest: Honda management
HONDA Motorcycles and Scooters India (HMSI) on Tuesday alleged that the violence that had taken place close to its plant at Gurgaon was instigated by "outside forces" who had "misled" their workers. "Over the last month, we have been ... More

Violence continues for second day at Gurgaon
WITH violence continuing for the second day on Tuesday at Gurgaon between protesting workers of Honda Motorcycles & Scooters India (HMSI) and the local police, the situation has gone beyond a mere labour dispute to assume wider political and ... More

Honda unrest: Industry calls for flexibility in labour laws
VIOLENT clashes between the workers of Honda Motorcycle and Scooter India and the local police in Gurgaon for the past two days has led to a larger fallout with the industry asking for more flexibility in labour laws and warning of a negative ... More

Honda issue: Left parties' demands

ALLIANCES & JOINT VENTURES

Essilor ties up with Delta Lens
ESSILOR India, the fully owned subsidiary of France-based ophthalmic lens company Essilor International, has entered into a strategic alliance with Delta Lens. Essilor has taken 51 per cent stake in the joint venture. Under the agreement, ... More

Lucas-TVS to set up jt venture with Iranian co for starter motors
LUCAS-TVS has formed a joint venture with Feiz Ghadir Industries, Tehran, Iran, to produce starter motors for supplying to SAIPA, Iran's major car manufacturer. While the press release on the joint venture is silent about the relative stakes ... More

DIVERSIFICATION

Texmaco plans hydel plants in N-E region
TEXMACO Ltd, the K.K. Birla group company engaged in wagon manufacturing, may set up hydel plants in the Eastern region. The company may also merge its existing four subsidiaries. This was stated by Mr S.K. Poddar, Vice-Chairman, at the ... More

OUTLOOK

Toyota Kirloskar aims to sell 13,900 Innovas in South this year
TOYOTA Kirloskar Motor is planning to sell 13,900 Innovas in South India in the 2005 calendar year, according to Mr Sailesh Shetty, Deputy General Manager (Sales). Speaking to newspersons on Tuesday, he said that the Toyota Innova has emerged ... More

PERFORMANCE

Kothari Sugars in expansion mode
KOTHARI Sugars and Chemicals Ltd is exploring possibilities of expanding its sugar business. This represents a significant turnaround for a company that came under the BIFR (Board for Industrial and Financial Reconstruction) purview in 1999 ... More

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