The Hindu Business Line : Tuesday, February 18, 2003

Biocon to invest Rs 75 cr in cancer treatment unit
BIOCON India is moving quickly to get started on its new anti-cancer treatment venture, which will be the country's first such based on monoclonal anti-bodies (MABs). With a technical hitch at the FIPB getting cleared recently, the ... More

Hindalco awards Rs 87-cr boiler contract to Alstom
THE power division of Hindalco Industries Ltd has awarded an Rs 87-crore contract to Alstom Projects India Ltd (APIL) for the modernisation of two boilers at its Renusagar captive power plant. Each boiler has the capacity to help generate 68 MW ... More

BSES Kerala yet to receive Rs 230 cr from KSEB
BSES Kerala Power Ltd.(BKPL) which had resumed operations after a year-long hiatus in late December 2002, under a working arrangement with the Kerala Government has yet to receive Rs 230 crore and a settlement on this issue is still pending, as ... More

OUTSOURCING

Kinetic plans to source components from China — Expects mobike sales to double next fiscal
KINETIC Engineering is in talks with Chinese companies for sourcing components for its motorcycles. The General Manager, Sales and Marketing, Mr Punit Chaudhry, told Business Line that the company would be able to save as much as 30 per ... More

MANAGEMENT

Organisations and their right `boxes'
IN the early 1990s, Encyclopaedia Britannica had to encounter the most unlikely rival — Microsoft. At that time, the software giant made a foray into the encyclopaedia market with CD ROMs, which not only sold cheaper than the printed ones ... More

FINANCIAL PERFORMANCE

SKF Bearings net up 127.6 pc
SKF Bearings India Ltd has posted a net profit of Rs 20.42 crore for the year 2002, higher by 127.6 per cent over 2001. The company's profit was attributed to improvement in the two-wheeler market, better product mix and capital ... More

RESTRUCTURING

Eicher mulls selling Thane gear unit
AS part of its initiatives to reduce losses, Eicher Ltd is considering to sell one of its gear units located in Thane. The company today informed the Bombay Stock Exchange (BSE) that it had "received a proposal for its consideration from a ... More

MERGERS & ACQUISITIONS

Medicorp MD acquires 1.81 pc holding from promoters
MR R. Sundara Rajan, Managing Director of Medicorp Technologies Ltd, promoted by the Chennai-based Shriram group of companies, has acquired a fresh holding of 3,50,000 shares of the company, accounting for 1.81 per cent on the Rs 19.24 crore ... More

NEW PROJECTS

TN rolls out carpet to woo Volkswagen
AS the German car manufacturer, Volkswagen, scouts for a suitable site to put up a plant in the country, the Tamil Nadu Government is seriously wooing the German company to the State. A team from Volkswagen is expected to visit the city shortly ... More

Offshore production facilities — Russia a smarter alternative to China
CHINA is the flavour of the present times. Many Indian companies have been scouting possibilities of setting up offshore production centres in China, partly attracted by the huge Chinese market, but partly also they do not want posterity to look ... More

SICK UNITS

Rising oil prices, liquidity crunch render FACT infertile
ESCALATING tensions between US and Iraq and the subsequent rise in crude oil prices have raised questions about the survival of the Fertilisers and Chemicals Travancore Ltd (FACT). FACT, which is already under tremendous pressure from Kochi ... More

PERFORMANCE

Record performance by RINL
VISAKHAPATNAM: The Rashtriya Ispat Nigam Ltd, the steel plant here, has performed well on all fronts, states a press release issued by the plant. The plant surpassed rated capacities in all the production areas during the first ten ... More

PEOPLE

Top-level changes in LG Electronics

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