The Hindu Business Line : Friday, February 25, 2005

Toyota rolls out `Innova'
TOYOTA Kirloskar Motor (TKM) on Thursday launched `Innova,' a vehicle that seeks to merge the qualities of a sedan and a multi-purpose van (MPV). Priced in the Rs 6,76,000-9,37,000 (ex-showroom Thane) range for its petrol versions and Rs ... More

Bajaj Tempo to be renamed as Force Motors
According to the company, an extraordinary general meeting of members will be held on April 5 to approve the new name. The key reason for the name-change is the request from its former financial collaborator, DaimlerChrysler AG (DCAG), which ... More

AWARDS & HONOURS

HCL biz unit head gets MMA award
MS Jayashree Vaidhyanathan, Director and Business Unit Head, HCL Technologies Ltd, has been selected for the Outstanding Woman Manager of the Year award for 2005, instituted by the Madras Management Association (MMA). The award will be presented ... More

MANPOWER

Scope to trim workforce further, says ITDC chief
THE newly appointed Chairman and Managing Director of India Tourism Development Corporation (ITDC), Mr Rajeev Talwar, on Wednesday said that the corporation would look at offering a voluntary retirement scheme to cut down on excessive work force. ... More

MERGERS & ACQUISITIONS

Assocham wants Govt to emulate Delaware M&A model
IN a bid to facilitate mergers between Indian and foreign companies, the Associated Chambers of Commerce and Industry of India (Assocham) has suggested the Government to emulate the US Delaware corporate model which encourages mergers and ... More

NEW PROJECTS

Ramco sets up cement unit in Bengal
THE Rs 1,600-crore Ramco group in Tamil Nadu, with interests in textiles, cement, building products and software, has finalised a business strategy aimed at expanding the group's manufacturing operations beyond the south. The group's first ... More

ALLIANCES & JOINT VENTURES

Orchid Chem in marketing pact with Alpharma Inc
ORCHID Chemicals & Pharmaceuticals Ltd has announced an exclusive agreement with Alpharma Inc on Thursday, for marketing its select non-antibiotic generic formulations in the US and Europe. Under this agreement, Orchid will exclusively ... More

Kosmic Tech, Canada co tie up for business tools

DIVERSIFICATION

Ramco to invest Rs 50 cr in wind energy expansion
THE Ramco group, with interests in textiles and cement, plans to add about 14 MW of wind energy capacity by the first half of the next financial year. It will spend about Rs 50 crore on increasing its wind energy capacity, which is now 70.8 ... More

STANDARDS & BENCHMARKS

JB Chemicals Panoli plant gets Australian approval
IN what will be the third regulatory clearance in a year, JB Chemicals and Pharmaceuticals Ltd (JBCPL) has received approvals from the Australian regulatory authority for its plant at Panoli, Gujarat. The plant has received approvals from the ... More

SICK UNITS

`Power crisis' keeps Indal unit in limbo
The company has been negotiating with the Power Trading Corporation but, say company officials, the price offered and the current wheeling charge are unaffordable. More

OUTLOOK

Falcon Infrastructures begins second phase of expansion
FALCON Infrastructures Ltd, which set up a modern truck terminal at Kalamassery near here, has commenced its second phase of expansion that will elevate the project, an auxiliary unit, to the upcoming Vallarpadam International Container ... More

Sundaram-Clayton arm to focus on exports to WABCO
SUNDARAM-Clayton's (SCL) recently-set up subsidiary, Auto India Engineering Ltd, will focus exclusively on exports to SCL's collaborator, WABCO. SCL produces air brake systems in collaboration with WABCO of the US, and aluminium die-casting. ... More

PEOPLE

Amar Sinha quits BDA; revamp on cards
MR Amar Sinha has quit as Chief Executive Officer (CEO) of BDA Ltd, even as the spirits company is set to undergo a significant restructuring in the near future while emerging from the shadows of a decade-long legal battle between its promoter, ... More

TRENDS

Nepal situation hurts Indian jt ventures
THE political situation in Nepal appears to be hurting Indian ventures in that country. Unilever Nepal Ltd, the 80-per-cent subsidiary of Hindustan Lever Ltd (HLL), is facing shortage of raw materials due to the current situation. A HLL ... More

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