Automobiles
Bajaj Tempo to hard sell tractors
BAJAJ Tempo Ltd (BTL), the Rs 625-crore automobile company, has chalked out an aggressive network expansion programme for its division _ tractors _ to cover all the States.
Corporate
`Hind Lever bullish on personal care segment'
SLUGGISH topline growth has been the critical issue for the fast moving consumer group (FMCG) major, Hindustan Lever Ltd (HLL), in recent times. However, the company is aggressively restructuring operations and re-investing cash flows to pep up its sales
growth. Despite a slowdown in businesses such as soaps and detergents, the company denies that any of these categories can be termed as mature in the Indian context. ``With per capita consumption at low levels, there is considerable potential for growth
, not only in the branded foods business, but also in the home and personal care (HPC) business,'' says Mr D. Sundaram, Finance Director, HLL, in an interview to Business Line. Excerpts:
Mohan Clothing to tap market
MOHAN Clothing Company, which markets the decade-old Blackberrys brand of ready-to-wear trousers, shirts and jackets for men and women, is planning to tap the capital market next year.
Sony Music tunes novel marketing plan
SONY Music India is to outline a novel marketing strategy to promote film music including corporate tie-ups and unique distribution systems in its endeavour to be the third largest music company in India.
Philips' open offer for CG Glass to end tomorrow
ROYAL Philips Electronics N.V.'s (Philips) open offer for the entire balance outstanding equity of CG Glass will end on October 11, said a company press release.
Timex launches Matrix
BANGALORE: Timex Watches today launched the `Matrix' collection for the Indian mass market. Matrix is a range of fashionable watches, in trendy colours and metal finish. It is being launched as an extension of the Cognoscenti collection launched in March
this year.
ABB bags Haryana power board order
NEW DELHI: ABB has bagged a Rs 37.7-crore order from Haryana Vidyut Prasaran Nigam Ltd (HVPNL) to construct and augment 132 KV and 220 KV sub-stations.
Bausch & Lomb hopes to break even this fiscal
THE Indian arm of global eyecare major Bausch & Lomb expects to break even in the current financial year as a stand-alone entity following the sale of its sunglasses division Rayban last fiscal, according to the Managing Director of the company, Mr J.P.
Singh. The company hopes to report a sales of Rs 35 crore in 2001-02.
Environment
Threat to environment -- CESC told to scale down generation at Cossipore
THE RPG-controlled CESC Ltd has been asked to scale down generation at its new Cossipore plant by the West Bengal Pollution Control Board (WBPCB), according to Dr K.K. Bagchi, WBPCB Chairman.
PSU
Cabinet okays Rs 1,400-cr revamp package for IDPL
THE Union Cabinet today approved a Rs 1,400-crore package and several concessions for Indian Drugs and Pharmaceuticals Ltd (IDPL) to rehabilitate the sick company by cleaning up its balance sheet.
Pharmaceuticals
Nicholas Piramal completes merger of Rhone-Poulenc
NICHOLAS Piramal India Ltd today announced the completion of its merger process with Rhone Poulenc India Ltd following the sanction given by the Mumbai High Court.
Steel
RSP chief's suspension -- Breach of PSU vigilance norms comes to fore
THE six-month-old suspension of the Managing Director of SAIL's Rourkela Steel Plant, Mr R.C. Jha, is a glaring example of the guidelines for vigilance management in PSUs being blatantly violated. The guidelines are contained in a special chapter on `Vig
ilance management in PSUs and the role and functions the Chief Vigilance Commissioner' issued in July 1999 by Mr N.Vittal in his capacity as CVC.
