Automobiles
Palio launch in Goa tomorrow
CHENNAI: Fiat India Ltd (FIL), the subsidiary of the Italian car major - Fiat SpA, is formally launching the Fiat Palio, in Goa on September 21.
`Korea shut down will not hit Daewoo India'
DAEWOO Motors India Ltd on Wednesday said that the shutdown of some plants of its South Korean parent will have little impact on the Indian operations, on account of high localisation and non-dependence on the shut-down plants.
New HMT tractor launched
CHANDIGARH: Mr Manohar Joshi, Union Minister for Heavy Industries and Public Enterprises, has unveiled the HMT 4922 tractor at a launch ceremony organised at Pinjore, Chandigarh.
HM hopeful of reaching Lancer sales target
THE slowdown in the economy notwithstanding, Mitsubishi Lancer expects to achieve its sales target of 8,000-8,300 cars for this fiscal, according to an official of Hindustan Motors.
`Localisation is Ford's focus'
FORD India's focus, apart from launching the Mondeo and pushing sales of the Ikon, would be to optimise cost, according to its Managing Director and President, Mr David E. Friedman.
Breweries
Highland Distillers, Drambuie in pact
NEW DELHI: Highland Distillers Ltd, manufacturers of the `The Famous Grouse' and `The Macallan' brands of Scotch whisky, will now be the exclusive marketer for the Drambuie Liqueur Company.
Corporate
SRF to allot Chemicals shares
CF301>All shareholders of the Rs 815.95-crore SRF Ltd are to receive one equity share of Rs 10 each of SRF Chemicals Ltd (SRFCL), credited as fully paid-up, for every 10 shares of Rs 10 each of SRF held by them.
Petronet board gives nod for investment in pipeline project
PETRONET India Ltd has received approval from its board of directors for investing in the 480-km Paradeep-Rourkela pipeline project. A special purpose vehicle, Petronet Paradeep Rourkela Ltd, will be set up within ``a couple of months'', Mr K.K. Sinha, M
anaging Director, PIL, told Business Line.
Concor pays Rs 27.4 cr to Rlys
NEW DELHI: Container Corporation of India Ltd has paid a dividend of Rs 27.4 crore for 2000-01 to the Indian Railways. The net profit of the corporation stood at 216.65 crore as against Rs 177.59 crore in 1999-2000.
Bhagyanagar buyback from Oct 1
MUMBAI: Bhagyanagar Metals Ltd has announced its share buyback programme. The company intends to buy back shares of Rs 10 face value from the open market through purchases on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), the Secu
rities and Exchange Board of India (SEBI) stated in a press release.
IL&FS dividend on bond fund
MUMBAI: IL&FS Mutual Fund has declared a dividend of 2.25 per cent (Re 0.225 per unit) under the IL&FS Bond Fund. The record date for the same was September 17.
KRL to pay 21 pc dividend
THE board of Kochi Refineries Ltd has recommended a dividend of 21 per cent to its shareholders for the year 2000-01.
Shaw Wallace to shift regd office to Mumbai
IN a major corporate restructuring exercise, Shaw Wallace & Company (SWC) proposes to shift its registered office from the city to Mumbai and to sell, lease, transfer and/or dispose of the company's three manufacturing units, namely Bengal Distilleries,
Andhra Wineries and Dorburg Lager Breweries. This apart, it has plans to float a new joint venture company in the name of Shaw Wallace International Ltd (SWIL)
Reconstitution of board -- Modi brothers to meet FIs
A RECAST of the board of Modi Rubber Ltd (MRL) does not seem far-fetched with the Modi brothers set to approach the heads of financial institutions over the next few days to deliberate on the future course of action that may be necessary for running the
company under a ``single management.''
Electronics
Blaupunkt targets 12 pc market share
BLAUPUNKT hopes to increase its share of the car audio systems market in India from seven per cent to about 12 per cent in the next two years.
Pharmaceuticals
Aurobindo Pharma's `nine commandments'
AT a time when the stock markets are falling line nine pins, the least one may look for is a sane advice on how to pick stocks for long-term investment.
The convoluted saga of Disprin avatars
THE heartache that Disprin, the flagship brand from Reckitt Benckiser (India) Ltd, gave its manufacturer can be blamed on bad timing. Its transition time -- between revoking the regular Disprin to prepare for the relaunch of three new versions -- coincid
ed with the scarcity of major aspirin brands in the market-place.
Textiles
Heimtextil India from Oct 4-7
NEW DELHI: Heimtextil India 2001, an international fair for home and household textiles and accessories, will be held in New Delhi from October 4-7.
