The Hindu Business Line : Friday, January 13, 2006

Yamaha to invest Rs 300 cr, proposes 3 new models
JAPANESE motorcycle company Yamaha today said it would invest Rs 300 crore in the next two years in the country on product development and expansion and is planning to launch at least three new models this year. Unveiling the company's display ... More

Audi launches new generation A4 sedan
THE German luxury car manufacturer Audi AG has launched its much-awaited, new generation A4 sedan. It will be offered with two engine options, including the 1.8-litre turbo petrol, and the two-litre turbo diesel (TDI) engines. The A4 joins the ... More

Mahindra unveils Scorpio hybrid, 3-wheeler Alfa
MAHINDRA & Mahindra (M&M) on Thursday unveiled the concept car of Scorpio hybrid and Alfa three-wheeler. The M&M President for the automotive sector, Dr Pawan Goenka, told presspersons that it would take another three to four years for th More

Hyundai to roll out millionth car in Feb
HYUNDAI Motors India Ltd (HMIL) expects to roll out its milestone `one millionth' car in mid-February, its President, Mr B.V.R. Subbu, said here on Thursday. Stating that the capacity utilisation was 100 per cent during the calendar year 2005, ... More

Global Pipe offers tech to modernise sewage systems
A CLUTCH of companies in Europe, US and India have together promoted Global Pipe Engineering & System (India) Ltd to offer technology and products for waste water systems in India. Global Pipe will scout for partners in India to manufacture ... More

Mico to make engine cooling systems
AUTO parts maker, Bosch said on Thursday that its subsidiary, Mico (Motor Industries Company Ltd) will start manufacturing engine cooling systems for the Indian ... More

Tata Cummins to increase B series engine capacity
TATA Cummins, the 50:50 joint venture between Tata Motors and Cummins Inc of the US, is poised to increase capacities of its B series engines, as the rapid growth in infrastructure has fuelled a significant increase in the offtake of the engines. ... More

FINANCIAL PERFORMANCE

Correction
IN our report on Reliance Industries' results for the third quarter that appeared on January 11, the sentence explaining the asset revaluation exercise of the company should read as follows: Reliance said it has revalued the plant, equipment and ... More

RESTRUCTURING

Kothari Sugars to hive off chemicals business unit
The company has, over the last two years, sold off its businesses in nitroaromatics and nitric acid. More

MERGERS & ACQUISITIONS

INCAT buys German co CEDIS
INCAT has acquired CEDIS Mechanical Engineering GmbH, a German-based provider of automotive engineering and design services. The move follows INCAT's own acquisition in August 2005 by Tata Technologies Ltd (TTL), the 94.3 per cent subsidiary of ... More

CORPORATE GOVERNANCE

A BUSINESS LINE FEATURE ON
CORPORATE GOVERNANCE
ON THE OCCASION OF ICSI NATIONAL AWARD DAY

Revised Clause 49: A global benchmark
Gone are the days when business and ethics were treated as adversaries and whose co-existence was impossible. More

New obligations on PSBs
PUBLIC Sector Banks have had a chequered history ever since the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 came into effect. While the ... More

The Awards
ICSI will be presenting the ICSI National Awards for Excellence in Corporate Governance in Mumbai today. The awards will be presented by Mr H.R. Bhardwaj, Union Minister of State for Company Affairs, at a function to be held at the convention ... More

Clause 49: ONGC may be asked to convene EGM
According to the revised Clause 49 of the Listing Agreement, which came into effect from January 1, at least 50 per cent of the board of a listed company having an Executive Chairman should comprise independent directors. More

NEW PROJECTS

Magna International sets up office in Mumbai
Mr Rodgers also unveiled a concept car, Magna Innovation Lightweight Auto, MILA, to demonstrate Magna's engineering, design and systems' capability. More

GM plant for Daewoo range of cars soon
The company is close to finalising the location of the new plant, which will also serve as an export hub for the region More

Writer Corporation plans expansion in Chennai
WRITER Corporation, a logistics firm that provides relocation, warehousing, information management and cash management services, is looking to expand its existing 80,000 sq ft facility in Chennai to 1,07,000 sq ft. It also plans to invest Rs 20 ... More

Park Hotel begins operations in Kochi
KOCHI: The Park Hotel, a luxury hotel with four-star facilities, has started operations in Kochi. Set up at an investment of Rs 4.5 crore, the hotel will have a multi-cuisine restaurant, three conference halls, cyber café, conducted ... More

REGULATORY BODIES & RULINGS

Kumar Mangalam Birla to head MCA panel
THE Chairman of the Aditya Birla group, Mr Kumar Mangalam Birla, has been appointed Chairman of the Advisory Committee constituted by the Ministry of Company Affairs. The other members of the committee are Mr S.P. Talwar, former Deputy ... More

TRADE & LABOUR UNIONS

Stalemate in Toyota Kirloskar continues
THE stalemate over the dispute between the Toyota Kirloskar Motor Ltd (TKML) management and its employees union continued as the conciliatory efforts today by the Deputy Labour Commissioner and Conciliation Officer failed to reach any conclusive ... More

ALLIANCES & JOINT VENTURES

GAIL inks MoUs with three Chinese cos
GAIL (India) Ltd on Thursday said it signed memoranda of understanding with three Chinese companies — China Petrochemical Corporation (SINOPEC), CNOOC International Ltd and the Beijing Gas Group Company Ltd (Beijing Gas Group). In a ... More

RIGHTS ISSUE

Sirpur allots shares under abeyance to `rights' holders
THE rights issue committee of Sirpur Paper Mills Ltd that met on Wednesday has decided to allot 32,789 ordinary shares that were kept under abeyance as per the instructions of the National Securities Depository Ltd (NSDL). These shares of Rs ... More

SICK UNITS

FACT revival package may be finalised before Mar 31
THE revival package of Fertilisers and Chemicals Travancore Ltd (FACT) is likely to be finalised before March 31, as the Committee of Secretaries will take up for discussion the recommendations of the Board for Reconstruction of Public Sector ... More

OUTLOOK

Volvo may bag another order for 25 buses
VOLVO is understood to be close to bagging a fresh order of 25 more intra-city buses from the Bangalore Metropolitan Transport Corporation (BMTC). Sources in the company told Business Line that the next set of 25 buses will be used to ... More

Maruti Udyog to pump in Rs 2,718 cr by 2008 — Five new models on the anvil
Maruti said its directors approved the investment of Rs 3,270 crore to set up a car factory and an engine plant. More

Ford plans new Fiesta version
FRESH after the launch of the Fiesta, Ford India is now planning to offer a special edition version of the premium sedan redesigned by Mumbai-based car designer, Mr Dilip Chabbria. The new Fiesta variant, which has been named in-Xs (pronounced ... More

Bajaj Auto to put out five new two-wheelers this year
BAJAJ Auto, the country's second largest two-wheeler manufacturer, is planning to launch at least three new bikes and two new ungeared scooters this year, including the Pulsar DTS-Fi, which would be the country's first bike to feature electronic ... More

Honda Civic to be launched this year
HONDA Siel Cars India plans to launch the Honda Civic later this year and will price in the Rs 10 lakh-plus segment, a size and price segment where it currently does not have a competing product. The new eighth-generation Civic is likely to be ... More

NEW PRODUCTS & SERVICES

HM unveils new Lancer Cedia model
HINDUSTAN Motors has launched the new Mitsubishi Lancer Cedia, a new version of the Lancer that will replace the current model. The Lancer Cedia is being launched with two variants, including the Cedia Sports, and the car will be priced at ... More

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