Automobiles
Eicher Motors set to launch HCV vehicle
BUCKING the slowdown trend, Eicher Motors Ltd, a major manufacturer of LCVs, has garnered over 50 per cent share in the southern markets encompassing four States.
Spectra to be relaunched
TVS-Suzuki proposes to invest Rs 150 crore at its Mysore plant, ``to cater to the rising demand for mopeds in the region''.
Automart India aims at 8% share in used car market
AIMING to notch up an eight per cent share in the used car market in India, Automart India Ltd plans to set up 48 outlets nationwide in three years. Though eight per cent looks small, in a highly fragmented and unorganised business of used cars market, t
his will be a significant milestone.
TVS-Suzuki to launch indigenous 4-stroke bike in September
TVS-Suzuki intends to launch its indigenously developed 4-stroke motorbike in September. The 110 cc vehicle, named Victor, is the first motorbike to be developed by the company on its own, without technology from its partner, Suzuki.
Ford to take CBU route for Mondeo
FORD India Ltd has opted out of the CKD route for its next launch, the Mondeo, and will instead bring in the car in completely built up form from its Belgium plant.
Peace of mind with Activa's Tuffup tube
TWO-wheeler buyers have some thing new to cheer about. Dogged by frequent punctures and flat tyres that need the immediate attention of a mechanic, the newly introduced `Tuffup' tubes in the Honda Activa, would see them heave a collective sigh of relief.
Ashok Leyland ahead in race for Jessop stake
ASHOK Leyland Ltd (ALL) has emerged as the favourite in the race for acquiring a majority stake in Jessop and Company, the engineering outfit now going through the disinvestment process.
Coal
CIL initiates steps to wind up operations
PUBLIC sector giant Coal India Ltd (CIL) has initiated steps, in line with the recommendations of the Expenditure Reforms Commission, to dismantle itself and give autonomy to the subsidiary companies while regulatory control will be vested with the Minis
try of Coal after CIL is wound up two years down the line.
Engineering
150 Indian cos to participate in EEPC product exposition
THE export of Indian engineering products to Latin America is expected to touch Rs 2,500 crores by fiscal 2004-2005, up from Rs 912.59 crores in 2000-2001, according to Mr M.C. Shah, Former Chairman of the Engineering Export Promotion Council (EEPC). In
1999-2000, the figure stood at Rs 558.44 crore.
Financial Performance
Kerala Minerals posts Rs 74.66-cr Q1 turnover
THE State-owned Kerala Minerals and Metals Ltd (KMML) at Chavara in Kerala's Kollam district has achieved a sales turnover of Rs 74.66 crore during the first quarter of the current fiscal as against Rs 68.25 crore in the same period last year.
10 pc increase in Cadbury net
CADBURY India Ltd has reported a 10 per cent increase in its net profit at Rs 9.46 crore for the second quarter of April 1, 2001 to June 17, 2001 against Rs 8.61 crore in the year-ago period.
Indo Rama Q1 net up 133 pc
INDO Rama Synthetics (India) Ltd (IRSL) has reported a 133.09 per cent increase in net profit for the quarter ended June 30, 2001 at Rs 19.16 crore as against a net profit of Rs 8.22 crore recorded in the same period during the previous year.
Mutual Funds
Kotak Mahindra online test for AMFI programme
KOTAK Mahindra Mutual Fund has worked out an online test to enable interested parties to assess how well they are prepared to handle the certification programme run by the Association of Mutual Funds in India (AMFI).
