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Car, scooter sales skid in April 2002

New Delhi: Domestic passenger car sales fell by 14 per cent to 37,146 units in April 2002, compared to 43,011 units last year. As per the new production and sales classification released by the Society of Indian Automobile Manufacturers, Marutis Versa and Omni have been excluded from the passenger car category and included in a new multi-purpose-vehicle segment.
Sales in this segment stood at 3,890 units during April 2002. Sales of multi-utility-vehicles, however, rose by 1 per cent to 7,800 units from 7,727 units.
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UCO Bank identifies thrust areas for growth
Uco Bank, which hopes to post a handsome net profit in 2001-02 for the third year in succession, has identified thrust areas for 2002-03. Uco Bank CMD V P Shetty said the accent in the current year will be on mobilisation of low-cost deposits, further improving on house-keeping, stepping up recovery and augmenting non-fund based and fee-based incomes.
Shetty said the current year is going to be crucial for the bank, even more so because it proposes to enter into the capital market with an offer of public issue of equities for the first time in 2003-04.
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Haryana may get Rs 1,500-crore investment
Chandigarh: Haryana Chief Minister Om Prakash Chautala has said 20 prominent companies have offered to make an investment of Rs 1,500 crore. This, he said, is as a result of the interaction the delegation led by him had with the entrepreneurs during his recent visit to various states.
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Thermometer makers should get BIS certificate
New Delhi:
The central government has made it mandatory for thermometer manufacturers to obtain a certification for clinical thermometers by the Bureau of Indian Standards by 8 September 2002.
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Konkan Irrigation is an interest defaulter
Mumbai: Just after the MKVDC default, another undertaking, Konkan Irrigation Development, has delayed interest payment, which was due to investors for the half-yearly period ended March 2002.
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Pre-1971 companies continue to rule the roost: CMIE
Mumbai: Compared to the older companies in India, young companies are poor users of capital. The asset turnover ratio among the post-1991 companies is only two-thirds of the ratio for the older companies, says a CMIE study.
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domain - B : Indian business : News Review : 23 May 2002 : general