Automobiles
Fiat's small car, Palio, to be unveiled next week
FIAT India Ltd (FIL) is planning to launch its small car -- the Fiat Palio -- next week. The company is likely to price the base variant of Palio at a competitive Rs 3.65 lakhs, ex-showroom, Delhi, company sources said.
Lancer offers design and order option
HINDUSTAN Motors Ltd is planning to introduce the concept of `My Lancer' programme, the fourth variant of Mitsubishi Lancer, on the Internet to provide customers with the option to design the car according to their needs and specifications at the click o
f a mouse.
Breweries
Mallya, Chhabria may opt for talks on Herbertsons
MR Vijay Mallya and Mr Kishore Chhabria have apparently not yet ended their pursuit for an out-of-the-court settlement in the Herbertsons' dispute even though the latter has indicated that he has moved closer to his elder brother and Jumbo Group Chairman
, Mr Manu Chhabria.
Corporate
Srei's borrowing limit hike okayed
SREI International Finance Ltd (SREI), specialised in asset and infrastructure project financing, has received the shareholders' approval for increasing the limit of issuing further securities, from the existing Rs 2500 crore to Rs 4000 crore.
Usha Beltron eyes 20% increase in turnover
USHA Beltron Ltd is hopeful of registering a 20 per cent growth in turnover -- on an annualised basis -- during 2001-2002. The wires, wire ropes, cables and speciality steels major earned a total income of Rs 1,132.64 crore during the 15-month accounting
period ended March 31,2001.
Steel
SAIL set to split into two separate units
THE country's largest steel producer, Steel Authority of India (SAIL), has been under pressure for quite some time now and also in the red. As if the burden of huge modernisation expenditure and the compulsions of a stagnant domestic demand were not enou
gh, exports have become difficult with developed countries imposing anti-dumping duties on Indian steel.
