The Hindu Business Line : Friday, November 18, 2005

TI Cycles eyes fitness equipment market
TI CYCLES of India, part of the Murugappa Group, is venturing into the sports equipment market under the BSA brand. It is currently test-marketing products in Chennai and intends launching them on a pan-India basis early next year. Speaking to ... More

Merck Sharp to launch patented drug for diabetes
MSD India is currently marketing two products in India and plans to launch two more in the anti-fungal and antibiotics segment soon. More

Clarification

ACCOUNTING STANDARDS

Cabinet okays changes for governing accounting bodies
THE Union Cabinet on Thursday gave its nod for bringing further amendments to the legislations governing the professions of chartered accountancy, cost accountancy and company secretaries. The amendments are being made on the basis of the ... More

`Introduction of uniform accounting standards, need of the hour'
A BUSINESSMAN on presenting his company's financial records to different accountants are likely to get varied estimates on projected profits for the forthcoming year. The need of the hour was the introduction of uniform accounting standards. This ... More

ESOPS

SCI employees to seek shares at a discount
EMPLOYEES of Shipping Corporation will seek allotment of shares at a discounted price, when the company goes for its second round of sale of shares to public. If this is not granted by the Government, the officers will oppose the ... More

NEW PROJECTS

AP Paper Mills plans expansion
ANDHRA Pradesh Paper Mills Ltd (APPML), the Rs 500-crore paper products major belonging to the LN Bangur group, plans to add 50,000 tonnes per annum (tpa) with at an investment of around Rs 220 crore. This is in addition to the ongoing Rs ... More

ALLIANCES & JOINT VENTURES

Mahindra inks deal with US co to make trucks, buses in India
MAHINDRA & Mahindra Ltd (M&M) and International Truck & Engine Corporation of the US formally signed on Thursday their earlier announced agreement for a 51:49 joint venture to manufacture trucks and buses in India. According to Mr Anand More

Iron ore terminal — Sical to form jt venture with L&T, MMTC
SOUTH India Corporation (Agencies) Ltd (Sical) will set up a joint venture with L&T and MMTC, once it is formally announced that the consortium has won a contract for implementing a Rs 500-crore iron ore terminal project at the Ennore Port. A ... More

Eureka Forbes, Swiss co Lux form jt venture
EUREKA Forbes Ltd has entered into a joint venture with Lux International AG of Switzerland. The joint venture, to be called EuroLux International, will have equity participation from both the participants in a 50:50 ratio, and will be ... More

International Truck to use Mahindra joint venture for exports
INTERNATIONAL Truck & Engine Corporation of the US, the world's largest manufacturer of medium duty diesel engines, would look at Mahindra International for cost-effective export to markets close to India and if it made economic sense, to other . More

INTERVIEW

`Second half will be better for vehicle biz'
THE Vice-Chairman & MD at M&M, Mr Anand Mahindra, says that the second half of the year will be much better for the entire vehicle business. Mr Deepak Kapur of International Truck & Engine Corporation says he is bullish on opportunities More

OUTLOOK

Branson bullish on prospects in India
Sir Richard said "We would like to pick up a stake in Air Sahara if the current regulations allow. We will roll up our sleeves to get into the domestic aviation sector." More

Falling crude prices hit MRPL refining margin
THE falling trend in crude prices has left an impact on the refining margin of Mangalore Refinery and Petrochemicals Ltd (MRPL). Company sources said the `crack margin' defined by the difference between the product price and the crude price ... More

Rane group takes CMIE help to forecast market trends
THE Chennai-based Rane group is taking the help of the Centre for Monitoring Indian Economy (CMIE) to forecast sales trends, the group's Vice-Chairman, Mr L. Ganesh, told journalists here on Thursday. He said that the Centre's help was needed ... More

TRENDS

126 cos saved Rs 450 cr a year through energy saving measures: CII
MORE than 100 companies across a range of industries have saved at least Rs 450 crore annually, for the past three years, through energy conservation, according to the Confederation of Indian Industry. Another 550 units have achieved annual ... More

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