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Videocon
International plans R&D centres in China, Japan
New Delhi: Leading consumer electronics manufacturer
Videocon International Ltd plans to set up two research
and development centres in China and Japan, for developing
the latest technology in consumer electronics.
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HLL
gets nod for bonus debentures
Mumbai: The High Court of Mumbai has approved the
scheme of arrangement between Hindustan Lever Ltd and
its shareholders for issue of bonus debentures and payment
of special dividend.
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Ford
set to raise Mondeo, Ikon prices from January
Mumbai: Ford India’s breadwinner Ikon and
the luxury model Mondeo would soon sport a higher price
tag. The company has finalised plans to effect a three
to four per cent hike in the price tag of the cars from
the first week of January 2003.
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Indigo
Luxury model on cards
Mumbai: Tata Engineering’s new launch, Indigo,
will be getting a facelift, with an upgraded luxury model
to be made available in a few months.
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Indo
Rama plans to infuse Rs 580 crore at Nagpur plant
New Delhi: Indo Rama Synthetics, a leading polyester
producer, is planning an expansion of around Rs 580 crore
at its state-of-the-art polymerisation plant at Botiburi
near Nagpur in Maharashtra.
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Bharti
buys Bangalore telecom firm
New Delhi: Bharti Enterprises has acquired a Bangalore-based
telecom software company and is merging it with its software
operations, Bharti Telesoft.
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Himalaya
Herbal launches prostate drug
Bangalore: Himalaya Herbal Healthcare has entered
the domestic market for prostate enlargement treatment
with Himplasia. The drug is a clinically proven combination
of five time-tested herbs and offers double-pronged action
of an alpha blocker as well as a finasteride and without
side-effects, according to Philipe J. Haydon, General
Manager Pharma Marketing, of the Rs 250-company.
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Essar
Shipping prepays Rs 136 crore to ICICI Bank
New Delhi: Essar Shipping Ltd yesterday said it
has prepaid Rs 136-crore loan to ICICI Bank, three years
ahead of maturity. With this, the company would save Rs
10.56 crore per annum as the loan advanced in January
1999, carried an interest of 12.88 per cent, Essar said
in a news release.
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SABMiller
eyes Balaji's brewing assets in AP
Mumbai: Sources said the Balaji group decided to
move ahead with the deal after obtaining a favourable
opinion from the UB group Chairman, Mr Vijay Mallya.
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MUL
to set up foundry for cylinder heads
Maruti Udyog Ltd (MUL), India's largest manufacturers
of passenger cars, has decided to set up an aluminium
foundry to produce cylinder heads and blocks and transmission
cases to reduce the dependence on imports.
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DCA
functioning `leaves much to be desired'
New Delhi: The Joint Parliamentary Committee (JPC)
on stock scam has called for further investigations in
regard to transfer of funds by six corporate groups to
Ketan Parekh even as it came down heavily on the quality
of inspections carried out by the Department of Company
Affairs (DCA).
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TCS,
Clarinox join hands for Bluetooth tech
Mumbai: Tata Consultancy Services (TCS) and Clarinox
Pty Ltd, Australia, a provider of embedded system solutions,
have announced an alliance to offer comprehensive Bluetooth
products and services to clients globally.
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SAIL
import bill to touch Rs 2,850 cr
Kolkata: The total import bill of the public sector
steel major the Steel Authority of India Ltd (SAIL) is
set to increase to Rs 2,850 crore in the current fiscal.
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