The Hindu Business Line : Monday, May 04, 2009

CORPORATE

OUTSOURCING: Japanese car makers to source more components locally
Some change export currency to minimise forex losses. New Delhi, May 3 Car makers are shifting their strategy to reduce costs and beat the currency ...

NEW PROJECTS: Amara Raja Electronics invests Rs 35 cr in expansion
Co making UPS using solar power for charging batteries. Chennai, May 3 Amara Raja Electronics — the instant power source division of the Rs 1,080-crore Amara Raja Batteries Ltd, is investing Rs 35 crore to expand its ...

OUTLOOK: GM to launch new mini car in India by Dec
Pune, May 3 General Motors India (GMI) will launch the new mini-car in the Indian market by December, and increase its dealerships to 250 from the current 195, the company’s Vice-President, Mr P. Balendran, has ...

MODERNISATION: Modernisation set to boost NTC southern region’s performance
‘Current year holds the key for real pay-off time for Corporation’. Coimbatore, May 3 Having borne the brunt of the market and managerial vicissitudes over the years on account of running the mills with obsolescent machinery, ...

PERFORMANCE: McNally Bharat project biz zooms in 2008-09
Kolkata, May 3 McNally Bharat Engineering Company Ltd (MBE) has regrouped its project business under four business groups, namely material handling and non-ferrous metals, steel, mines and port solutions, power and ...

TAXATION: FICCI stresses need for continuation of tax breaks
New Delhi, May 3 The Federation of Indian Chambers of Commerce and Industry has said any attempts by the new Government to withdraw tax breaks will be counter productive in attracting investments through public private partnerships ...

PEOPLE: Former Ford India chief to join Suzlon
Chennai, May 3 Mr Arvind Mathew, who was Managing Director and President of Ford India till June 2008, is set to join Suzlon Energy, according to reliable ...

FINANCIAL PERFORMANCE: Rise in non-core income of cos in 2004-08 period
Bangalore, May 3 Income from non-core sources – extraordinary income, income from financial services and other income – played only a small role in improving the toplines of Indian manufacturing between 2004-05 and 2007-08, the ...