Automobiles
Punjab Tractors' first shipment to US soon
PUNJAB Tractors Ltd (PTL), which suffered a setback in its earlier plans of exporting tractors to the US market, is expected to effect its first shipment across the seas shortly.
Hero Honda plans to invest Rs 100 cr for expansion -- To introduce two 100 cc mobikes next year
HERO Honda Motors Ltd will invest about Rs 100 crore on expanding its capacity from one million two-wheelers to 1.25 million.
Corporate
Widia to pay 10% interim
BANGALORE: Widia (India) Ltd has announced a interim dividend of 10 per cent for the year 2000.
Sterlite to acquire Australian mines
MUMBAI: The board of directors of Sterlite Industries (India) Ltd has approved the proposal to acquire 100 per cent of the equity capital of two copper mines in Australia for a cash consideration of up to $ 43.5 Million.
Indian heads Adidas Singapore
NEW DELHI: Mr G. Kannan, former Director Marketing, Adidas India Trading Pvt. Ltd has taken over as the Managing Director of Adidas Singapore.
Updates on `Nifty' thru Singapore SE
MUMBAI: Refco India has started providing daily updates on `Nifty' through the Singapore Stock Exchange to local traders, NRI's and OCBs trading on this bourse, a press release said.
LIC appoints 2 Managing Directors
MUMBAI: LIC on Monday said it has appointed Mr. A. Ramamurthy and Mr. N.C.Sharma as managing directors.
US patent for Plazma torch
MR Hughen G. Thomas of Plazma Cutting Equipment Pvt. Ltd has become the first Indian in the arc welding/cutting industry to receive a US patent for the Plazma arc torch head, used in cutting, marking and spraying of metal.
RIL developing special grade polymer for Exide
RELIANCE Industries Ltd (RIL) is trying to develop a special grade of polypropylene (PP), a polymer, for Exide Industries Ltd (EIL).
Vardhman Overseas reference dismissed as non-maintainable
THE reference filed by Vardhman Overseas Ltd under Section 15(1) of the SICA has been dismissed by the Board for Industrial and Financial Reconstruction (BIFR) as non-maintainable.
IFC keen on investing in Mahindra Industrial Park
INTERNATIONAL Finance Corporation, Washington, has evinced interest in the industrial park being set up by Mahindra Industrial Park Ltd, near Chennai.
Hyundai India to begin second phase of investments soon
HYUNDAI Motor India Ltd (HMIL) proposes to commence its second phase of investments of around Rs 1,500 crore in a few months from now, the company's President, Mr A.P. Gandhi, told Business Line.
Herdillia Chem to go in for contract manufacturing
HERDILLIA Chemicals Ltd will be signing contract manufacturing agreements with smaller chemical units to produce speciality chemicals.
Rayalaseema Power to merge with Rayalaseema Hi-Strength
SREE Rayalaseema Power Corporation Ltd (SRPCL), part of the Kurnool-based TGV group, is planning to merge with Sree Rayalaseema Hi-Strength Hypo Ltd (SRHHL), which had amalgamated with it last year Sree Rayalaseema Petrochemicals Ltd engaged in acqua and
chemicals manufacturing business.
Pharmaceuticals
Bulk drug industry shifting focus
THE Indian bulk drug industry is experiencing a paradigm shift. The spotlight is now shifting towards technology savvy
Steel
Customer first: The mantra behind Tata Steel's success
TATA Steel would like it to be known that its philosophy of the customer first har haal me has helped it win the prestigious CII-EXIM Bank Award for business excellence for 2000. The award has come as a shot in the arm, especially against the backdrop of
a depressed market scenario.
Stocks
Tips, turnover topper in B2 scrips on debut
SHARES of Tips Industries Ltd made their debut on the Bombay Stock Exchange on Monday and hit the list of turnover toppers among B2 Group stocks.
Balaji Telefilms listing tomorrow
Shares of Balaji Telefilms Ltd, promoted by Mr. Jeetendra Kapoor, will be listed on November 22, on the Bombay Stock Exchange.
Textiles
Knitting a textile training agenda
WITH the new textile policy having been announced and various reactions emanating from industry sources, it would be interesting to know where the country stands as far textile education/training is concerned.
