The Hindu Business Line : Thursday, March 27, 2003

Apollo Tyres mulls sourcing from Russia
APOLLO Tyres Ltd (ATL) is looking at Russia as a new alternative source for supply of synthetic rubber, according to Mr Neeraj R.S. Kanwar, Chief Operating Officer. "We have been constantly looking at other cheaper sources for supply of ... More

Skoda India advances CKD assembly plan
SKODA Auto India Pvt Ltd has advanced its programme of switching over to assembling completely knocked down (CKD) kits at its Aurangabad plant. It also plans to launch its branded pre-owned cars business later this year, coinciding with the ... More

AUDITING

Tata AIG unveils indemnity cover for auditors
TATA AIG General Insurance Company has launched its professional indemnity policy for chartered accountants. The policy has been exclusively designed in consultation with the Bombay Chartered Accountants Society for individual chartered ... More

COURTS/LEGAL ISSUES

Court rejects BPL chief's plea to lift attachment of assets
A TRIAL court has rejected a plea made by Mr T.P.G. Nambiar, the promoter-Chairman of the BPL Group, to lift a conditional attachment on the movable and immovable assets held by him, including shares in group companies, following a clutch of ... More

RESTRUCTURING

Electrolux plans to hive off Hyderabad plant
ELECTROLUX Kelvinator Ltd proposes to sell, lease, transfer and/or dispose off its Sanathnagar plant located here. The company also proposes to dispose off all the fixed assets including the land on which they are situated, the infrastructure ... More

NEW PROJECTS

GAIL plans to invest Rs 20,000 cr for grid
GAIL (India) Ltd has planned investments of Rs 18,000-20,000 crore towards completion of its planned national gas grid of over 12,000 km over the next five years. The company will raise the money "on its balance sheet," according to Mr Prashanto ... More

Tata Steel board approves capacity expansion
TATA Steel on Wednesday informed the BSE that its board had approved in principle a scheme for installing balancing facilities for increasing the production of crude steel from 4 million tonnes per annum (mtpa) to 5 mtpa at an estimated cost of ... More

TRADE & LABOUR UNIONS

`Future' reaches out to Dunlop workers' kids
MOUMITA, Sarbari, Punam, Sanjeev and Norven, in the age group of 18-23 years have several things in common. They are children of employees of Dunlop India Ltd closed since February 1998. They have good academic records but are not able to ... More

ALLIANCES & JOINT VENTURES

Taj Bengal, Chennai cos tie up for WiFi tech
TAJ Bengal, a property of the Taj Group of Hotels, has forged a tie-up with the Chennai-based Microsense Pvt Ltd and Convergent Communications, to offer wireless broadband connectivity to residents of the hotel here. The technology, christened ... More

Brazil's Dedini ties up with Uttam Group for fuel alcohol tech
AFTER Alfa Laval and Delta-T, it is the turn of the $250-million Dedini Industrias de Base to eye the country's potentially lucrative anhydrous alcohol (the high purity ethanol used for blending with petrol) market. The Brazilian engineering ... More

INTERVIEW

Correction

STANDARDS & BENCHMARKS

Mico recalls Bosch saws
THE power tool division of Mico on Wednesday announced that it has recalled the cut-off saws of the Bosch brand sold since 2002 to various customers as it had a small technical flaw. The company had sold about 600 such saws, used by plumbers ... More

OUTLOOK

Mico bets big on non-auto biz
AUTOMOTIVE components major Mico Ltd, which is betting big on its new business streams, expects exports and non-automotive business to contribute close to 30 per cent to the company's revenues by end-December 2005, the Managing Director, Mr ... More

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