Automobiles
Overdrive `best car' is Alto
MARUTI Suzuki Alto has been declared as the car of the year at the annual awards conducted by Overdrive, an automobile magazine.
Corporate
Cost-cutting exercise bearing fruit for Eicher group
THE Delhi-based Eicher group of companies have always attracted attention, be it diversification into a large number of areas and remaining niche players or in setting a trend in corporate governance. But the status of a niche player is being questioned
now.
MICO board okays buyback
THE board of directors of Motor Industries Co Ltd (MICO) has approved a buyback of up to 2,00,000 equity shares of the company from its shareholders at a price of Rs 2,500 per share.
New twist to takeover battle -- Malaysian MNC evinces interest in Shree Syn
A takeover battle is slowly taking shape at the ailing Shree Synthetics Ltd between the existing promoter, Mr Shreekant Bangur, on one side, and a faceless multinational national company represented by its agents in India, on the other.
Eicher motorcycle sales up in Nov
THE Eicher group of companies managed to stave off the slowdown hurting most companies with is motorcycle sales finally starting to look up, according to data provided by the company on Thursday.
GESCO to seek nod for pref issue
GREAT Eastern Shipping Co Ltd (GESCO) proposes to issue Rs 100 crore worth of preference shares as part of its long-term plan to restructure the companys balance sheet by reducing its equity capital and creating a mezzanine capital by way of preference s
hares.
Hertz in tie-up with Citibank, HSBC
GLOBAL car renting company Hertz is resuming its Indian operations after a two-year break and has tied up with HSBC Bank and Citibank to promote its products to its card holders, Hertzs franchisee has said.
LG Electronics fares well during Diwali
IN line with LG Electronics overall strategy of turning its Indian subsidiary into an export hub for most of the South Asian countries, LG Electronics India Ltd., (LGEIL) has decided to sub-contract manufacturing of TV and white goods. 5The company has z
eroed in on Nasik, Kolkata, Bhopal, Chennai and Mohali to initiate contract manufacturing in addition to its current contract manufacturing tie-ups in Mohali and Hyderabad.
South Asian Petro entering market
SOUTH Asian Petrochem Ltd. (SAPL), a 100 per cent export oriented company promoted by leading West Bengal tea company, is tapping the capital market to raise Rs 74.5 crore to part finance its Rs 450 crore PET resin project to be set up in Haldia.
FIs to help Pennar spring back to health
IN a significant development, the Industrial Development Bank of India (IDBI) and the Industrial Credit and Investment Corporation of India (ICICI) have sanctioned a restructuring package to Pennar Industries Ltd (PIL), the Hyderabad-based Rs 169-crore c
old rolled steel strips manufacturer, to help the company spring back to health.
Fellow of WAPS
NEW DELHI: Mr K.G. Ramachandran, Chairman and Managing Director, Bharat Heavy Electricals Ltd (BHEL), has been elected as a Fellow of the World Academy of Productivity Sciences (WAPS). With this, Mr Ramachandran joins a select group of 350 fellows of the
WAPS, an international forum integrated to the World Confederation of Productivity Science (WCPS), a representative body of national productivity organisations.
M&A scene will hot up further
THE Indian technology sector has seen a lot of activity in the mergers and acquisitions (M&As) area this year and the trend is likely to continue in the coming year too, according to Mr Brooks Entwistle, Executive Director, Goldman Sachs (Asia).
IPCL hopes for crowded `shows'
WHEN Indian Petrochemicals Corporation Ltd (IPCL) disinvestment show gets on the road in London on Monday, the management expects more potential bidders.
Business school plans to woo foreign students
THE Hyderabad-based Indian School of Business (ISB) is interested in enrolling students from the Gulf region, with long-term plans to have 30 per cent foreigners in its student strength in the next five to six years, according to an ISB official.
