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CORPORATE
OUTLOOK:
Commercial vehicle cos expect 6-month lag for sales to pick up
‘Second fiscal package would take time to translate into sales’. New Delhi, Jan. 6 Commercial vehicle companies and component suppliers expect it would take about six months before they can see any major revival in ...
NEW PROJECTS:
Hatsun completing expansion by March
New milk powder plant coming up at Palacode in TN. Dharmapuri, Jan. 6 Hatsun Agro Product Ltd expects to complete its over Rs 100-crore expansion programme by March giving it a higher capacity to handle liquid milk processing and milk ...
PERFORMANCE:
Prism Cement hurt by lower realisation and higher costs
Net profits decline by 50%. Higher power and fuel expenses and competition by way of higher despatches by larger competitors have hurt the financial performance of Prism Cement for the ...
OUTLOOK:
Reva drive to power sales
To launch lithium ion battery-powered cars. Bangalore, Jan.6 Electric car maker Reva is set to launch lithium ion battery-powered cars during the middle of ...
PERFORMANCE:
Corolla Altis sales rise
Toyota-Kirloskar Motor’s Corolla Altis achieved a 42 per cent market share in the premium mid-sized car segment during the last four months of 2008. The car’s sales touched a peak of 2,031 units in September 2008 and between ...
NEW BUSINESS:
Maytas Infra wins S.Rly order
Maytas Infra Limited on Tuesday announced that Southern Railway has entrusted the company with a project worth Rs. 110 crore for doubling the BG (Broad Gauge) track between Chengalpattu and Villupuram. This project is a joint venture with ...
NEW BUSINESS:
L&T unit bags Rs 1,100-cr orders
The Buildings and Factories Operating Company of Larsen and Toubro, part of its construction division, has bagged add-on orders totalling about Rs 1,100 crore in the third quarter of this fiscal. L&T said these orders were from its ...
REGULATORY BODIES & RULINGS:
Aurobindo gets nod for epilepsy drug
Aurobindo Pharma Ltd has received approval from the Canadian regulator, Health Canada, for its abbreviated new drug submission indicated for treatment of epilepsy. The drug, Gabapentin (capsules), is the generic equivalent of Pfizer ...
MERGERS & ACQUISITIONS:
No reconciliation in sight for Sun-Taro row
Ball in Israeli Supreme Court. Mumbai, Jan. 6 All chances of an out-of court settlement between Sun Pharma and Israeli drug-maker Taro Pharma seem to be diminishing, with even reconciliatory efforts ending in ...
PERFORMANCE:
Ashok Leyland December sales down 63%
Ashok Leyland sold 2,321 vehicles in December, which was 63.4 per cent lower than in December last year ...
TECHNOLOGY:
‘Industries should be better equipped’
Hyderabad, Jan. 6 The Indian industry needs to be equipped with robotic and intelligent manufacturing technology for full automation of the shop floor, especially in power generation in industry, said Mr Jairam Ramesh, Minister of State ...
COURTS/LEGAL ISSUES:
RCom moves tribunal against DoT
New Delhi, Jan. 6 After getting a refund of Rs 112 crore from the Government, Reliance Communications has now moved telecom tribunal blaming the Department of Telecom for withdrawing an approval to offer both GSM and CDMA services in six ...
OUTLOOK:
IFC global board okays crisis response for emerging markets
New Delhi, Jan. 6 The International Finance Corporation (IFC) is likely to firm up its India strategy for the coming year (2009-10) in the next three weeks. Indications are that the strategies would be discussed and devised in the context of ...
PERFORMANCE:
Tata Steel Q3 sale dips
Mumbai, Jan. 6 Tata Steel has said that its third quarter sale at 1.07 million tonnes (mt) was lower by 14 per cent as against the corresponding period last year due to the economic slowdown. However, the company registered 27 per cent growth ...
CORPORATE GOVERNANCE:
Lack of relevant info made me quit: Dham
Hyderabad, Jan. 6 Mr Vinod K Dham, the former independent director on the Board of Satyam Computer Services quit because he was irked by lack of relevant information in a ...
TRADE & LABOUR UNIONS:
Won’t succumb to pressure to reinstate employees: Cummins
Pune, Jan. 6 “We will not succumb to any compulsion or pressure to take the dismissed employees back on to the company payrolls.” This is the statement made by the management of Cummins India Ltd, manufacturers of ...
MERGERS & ACQUISITIONS:
Maytas denies bid for merger, takeover
Hyderabad, Jan. 6 The shares of Maytas Infra gained 4.30 per cent on Tuesday and closed at Rs 167.40 amid reports of Reliance Infra showing interest in the Hyderabad-based company promoted by the Satyam Computer Chairman Mr B. ...
CORPORATE DISPUTES:
Satyam responds in Upaid case
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CORPORATE GOVERNANCE:
Illusion of independence
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Columnists:
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C Gopinath
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Harish Bijoor
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Ramanujam Sridhar
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Radhika Chada
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K Srikrishna
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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