Automobiles
Honda Siel launches Accord
HONDA Siel Cars India Ltd (HSCI), the majority-owned subsidiary of Honda Motor Company of Japan, has launched the Honda Accord in the country. The Accord will be available in two variants, a manual transmission and an automatic transmission, and is being
priced at Rs 14.95 lakh and Rs 15.75 lakh (ex-showroom in Delhi) respectively.
Corporate
ICI not averse to buying out HLL in Quest (India)
ICI India Ltd. (ICI) has indicated that its is not averse to buying out Hindustan Lever Ltd's (HLL) stake entirely in the newly-formed joint venture company, Quest International India Ltd. (QIIL), which is essentially in the fragrances, flavours and food
ingredients business.
NCT Platinum launches new converter range
NCT-PLATINUM Technics, a Hyderabad-based company, has launched a series of indigenously-developed catalytic converters for the original equipment and retrofitting markets.
B.K. Modi blames it all on company secretary
IN what is seen as a rebuttal to the absenteeism charges made against him by Mr Panduranga Rao, who is the current Chairman of Modi Rubber Ltd (MRL), Dr B.K. Modi has sought to clarify that he did not deliberately stay away from the fateful board meeting
of June 28 when his functional powers were transferred to his brother, Mr V.K. Modi.
SQL Star plans OCDs
HYDERABAD: To part-finance its capital requirements and fund expansion, SQL Star International Ltd has drawn up plans to raise about Rs 4 crore through a preferential offer of optionally convertible debentures (OCDs).
Tata Chemical's offtake improves on timely monsoon
THE timely onset of monsoon rains has led to an improvement in fertiliser offtake for Tata Chemicals Ltd in the first quarter of 2001-2002, a senior official of the company said.
PSU
Govt to allow Binani to bid for Hindustan Zinc
THE Cabinet Committee on Disinvestment (CCD) has decided to allow Binani Zinc to bid for Government's stake in Hindustan Zinc Ltd.
Paper/Packaging
Raw material shortage -- Paper cos meet today to evolve strategy
FACED with raw material shortage, the domestic paper mills are currently engaged in evolving a common strategy for enhancing pulpwood production through increasing the area under plantations.
Pharmaceuticals
Rhone-Poulenc announces VRS at its Bhandup unit
RHONE-Poulenc India Ltd has announced voluntary retirement schemes (VRS) for 310 employees of its Bhandup plant subsequent to its closure.
Tea
Eveready plans to sell four more tea gardens
MR B.M. Khaitan's Eveready Industries India Ltd plans to sell another four tea gardens based in Dooars and Assam as early as possible. On Wednesday, the company announced the sale of its Assam-based Pabhoi tea estate to Narsinghpore Tea Company for Rs 12
.3 crore.
Tyres
Tyre Corpn seeks to close Tangra unit
THE management of Tyre Corporation of India (TCI), a public sector unit, has sought the Union Labour Ministry's permission to close down its Industrial Rubber Products (IRP) unit located at Tangra in the eastern part of the city. The unit, starved of wor
king capital, has not been producing for three years now. It employs 88 people.
