Automobiles
Suzuki meets Joshi, discusses MUL's plans
THE President and Chief Executive Officer of Suzuki Motor Corporation (SMC) of Japan, Mr. O. Suzuki, today met officials at the Industry Ministry and the Minister for Heavy Industries and Public Enterprises, Mr. Manohar Joshi, and discussed the automobil
e policy and the future plans of Maruti Udyog Ltd (MUL) - the 50:50 joint venture between the Government and SMC.
Corporate
Hero Puch to finalise partner for vehicle design soon
HERO Puch, which plans to enter the four-stroke scooter manufacture, hopes to finalise its strategic partner for body design of the vehicle soon. The company has been scouting for a technology partner for quite some time to finalise its plans to launch t
wo models of 125 and 150 cc scooters. Hero Puch has already set up a joint venture with Briggs & Stratton, the world's largest engine manufacturer.
`Cos should adapt to fast-changing consumer needs'
IN the emerging markets characterised by more players, a demand-driven competitive economy and a strong sense of quality, corporates will have to adopt new approaches for retaining customers, according to Mr. Deepak Parekh, Chairman, HDFC.
Matiz bags BBC award
DAEWOO Matiz has been declared the Best Value Car by BBC's international magazine, Top Gear. An award called the `Top Gear Award 2000' has been instituted for the first time in the UK.
Delta investing Rs 180 cr in satellite mail services
THE Chennai-based Delta Innovative Enterprises Ltd (DIEL) is planning to invest Rs. 180 crores in setting up infrastructure for offering satellite mail and Internet services, a top company official has said.
Peninsular Capital set to launch Net trading
PENINSULAR Capital Market Ltd, a financial services company with a network of over 85 centres across the country, is all set to launch Internet trading and technobroking facility for retail as well as institutional customers connected to the stock market
.
BIFR sanctions revival scheme for Orissa Drugs and Chemicals
THE Board for Industrial and Financial Reconstruction (BIFR) has sanctioned a Rs. 9.22-crore revival scheme for Orissa Drugs & Chemicals Ltd (ODCL) jointly promoted by Indian Drugs & Pharmaceuticals Ltd (IDPL) and Industrial Promotion and Investment Corp
oration of Orissa Ltd (IPICOL).
Dunlop makes initial payment to workers of Ambattur unit
THE management of Dunlop India Ltd has made an initial payment of Rs. 2,000 per worker at its recently reopened Ambattur facility, according to union sources.
Miscellaneous
LSE mulls demutualisation
THE London Stock Exchange (LSE) is planning to demutualise by March 15, Mr. Ian G. Slater, Deputy Chairman, LSE has said.
Mutual Funds
Unlisted cos lure tech funds
AMIDST a general demand that they be allowed to allocate a larger portion of their net assets to unlisted companies, a section of mutual funds are seeking permission from SEBI to satisfy a growing appetite for such companies.
Pharmaceuticals
`Pharma units must spend regularly on R & D'
DOMESTIC pharmaceutical companies would be able to withstand the onslaught of multinationals in the sector if they were willing to spend at least Rs. 10 crores annually on R & D, according to Dr. Anji Reddy, founder-chairman of Dr. Reddy's Laboratories.
