The Hindu Business Line : Thursday, January 06, 2005

Maruti hikes prices of all models except 800
MARUTI Udyog Ltd has announced a nominal increase in prices of all its models except the Maruti 800. According to a company statement, the price increase on the Maruti 800 will be announced shortly. The current increase varies from about ... More

RKS Motors' new centre in Hyderabad
HYDERABAD: Citing growing Maruti car sales and the need to reach out to its expanding customer base, RKS Motors has commissioned a sales-cum-service centre in the heart of the city. The centre hosts some of the latest equipment ... More

PowerGrid gets consultancy order
NEW DELHI: State-owned Power Grid Corporation of India Ltd (PGCIL) has bagged a consultancy assignment from Bhutan Power Corporation Ltd for construction of a sub-station in the hill country. Under the order, PGCIL would provide ... More

GR Cables bags BSNL order
HYDERABAD: GR Cables Ltd has notified to the Bombay Stock Exchange that it has bagged an order worth Rs 12 crore from BSNL for deployment of cables. Further, GR Cables has announced that it has introduced Microwave and CATV coaxial ... More

BUYBACK

A case of oppression to rely on
N. R. Sridharan looks at the recent buyback decision of Reliance from a statutory perspective More

ACCOUNTING STANDARDS

ICAI council clears revised standard on employee benefits
THE Central Council of the Institute of Chartered Accountants of India (ICAI) on Tuesday cleared a revised accounting standard (AS) on `employee benefits'. This revised AS 15, when issued, would replace the existing Accounting Standard on ... More

CORPORATE DISPUTES

On course to a majority mess-up
The ongoing tussle in Reliance raises governance issues, says N. R. Moorthy More

BPL Comm shareholding — Nambiar urges CLB to help maintain status quo
THE high-tension courtroom drama between the patriarch of the BPL group, Mr T.P.G. Nambiar, and his son-in-law, Mr Rajeev Chandrashekhar, which began last year, is set to continue into the New Year. Mr Nambiar, founder of the BPL group of ... More

4.7% RIL equity: Who will derive benefits?
UNKNOWN owners of four associate companies of Reliance Industries Ltd (RIL) would continue to enjoy the benefits, including voting power, of over 6.5 crore RIL shares until loans the companies borrowed from the petrochemical major are converted ... More

`Anil wanted to distribute 12% equity to RIL shareholders'
THE sibling rivalry between the two Ambani brothers has moved a step further with the younger brother Mr Anil Ambani's camp claiming that he had proposed that 12 per cent equity in Reliance Industries (RIL) held by Petroleum Trust and four ... More

HUMAN RESOURCES

NIS Academy devises test to identify aptitude
NIS Academy, a division of NIS Sparta, has launched NIS Aptitude Test (NAT) in order to help identify the career choices that best match an individual's skills. "The test includes self-assessment tools to assess the strengths and weaknesses, as ... More

NEW PROJECTS

Hay Group kicks off India operations
THE US-based global human resources management consultancy firm Hay Group on Wednesday kicked off its Indian operations with an office in New Delhi. With presence in 42 countries across 77 offices, India is one of the three main markets for Hay ... More

Minda sets up European operations
NEW DELHI: Automotive security systems major Minda Huf Ltd has announced the setting up of its European operations in the Netherlands under the name of Mind Huf Europe B.V. The move is aimed to cater to the growing requirements of its ... More

REGULATORY BODIES & RULINGS

Panel to examine regulatory overlaps in corporate work
THE Government has asked the Dr J.J. Irani Committee to consider the issues relating to conflict or overlap of jurisdiction on different aspects of corporate operations by various regulatory agencies. The Minister of State (Independent Charge) ... More

ALLIANCES & JOINT VENTURES

Reliance Info ties up with indiatimes
RELIANCE Infocomm has tied up with Internet portal indiatimes.com to provide SMS-based infotainment services for Reliance IndiaMobile (RIM) customers. Indiatimes' 8888 service, an SMS-based service, will allow for downloads of ringtones ... More

SOCIETY & DEVELOPMENT

More corporate aid for tsunami victims
THE corporate sector continues to chip in with money, materials and labour to provide assistance to those affected by the tsunami waves that hit the coast on December 26. Tata Relief Committee, a 100-member team from the Tata group of ... More

OUTLOOK

Mangalam Drugs bets on anti-malarial drugs
The company has identified a few key anti-malarial drugs such as artisunate and artemether and decided to expand on the line. More

PERFORMANCE

Tata Motors reports 22% rise in sales
TATA Motors reported a 22 per cent increase in its vehicle sales during December 2004 at 31,946 units compared with 26,265 vehicles in December 2003. Sales of commercial vehicles in December 2004 were at a record high for a month at 18,467 ... More

Toyota posts 20 pc growth in sales
TOYOTA Kirloskar Motor (TKM) has posted a 20 per cent increase in sales to 47,851 vehicles during 2004 compared with the same period last year. A press release from the company said it sold 36,698 units of the Qualis between January and ... More

KMML titanium dioxide exports set to cross 10,000 t
EXPORT of titanium dioxide pigment rutile grade by Kerala Minerals and Metals Ltd (KMML) at Chavara in Kollam district is to cross 10,000 tonnes valued at over Rs 80 crore, for the first time in its history and probably from the country, during ... More

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