Automobiles
Drop in Hyundai, Daewoo June sales
THE slowdown in the passenger car segment of the automobile industry, which was evident in the sales figures turned in by Maruti Udyog Ltd (MUL) in May this year, is now showing on the other major manufacturers in the country.

MUL sales slide; lean patch temporary, says co -- `Price cuts will help boost sales'
MARUTI Udyog Ltd (MUL), the country's largest passenger car manufacturer, has recorded sales of 14,967 units during June this year, down from the sales of 23,469 units recorded during the corresponding period of the previous year.

Bajaj Auto vehicle sales up 9% in Q1
BAJAJ Auto Ltd's has reported a nine per cent increase in sales of its vehicles at 3,24,231 units for the quarter ended June 30, 2000 as against 2,96,514 vehicles sold in the year-ago quarter.

Corporate
Unorthodox approach may hit `AAA' ratings
IT is no surprise if companies such as Larsen & Toubro or HDFC get the highest credit ratings for their on-going debt programmes or for their existing liabilities. At least by conventional yardsticks, one cannot question such companies a nd their debt being rated as the highest quality credits.

PNB Gilts arrives at P/E ratio
HOW do you determine the price-earning ratio of a company that is part of an industry without a benchmark P/E? Ask PNB Gilts Ltd, which pondered over this question in the run-up to its public issue, slated to open on July 11.

Bharti Dura-line plans unit in North for telecom ducts
BHARTI Dura-Line Ltd, the 50:50 joint venture between Bharti Enterprises and Dura-Line Corporation of the US, is contemplating setting up a factory in North India to manufacture permanently solid lubricated silicore HDPE telecom ducts.

GTN Tex net down at Rs 1.42 crores
COIMBATORE: Kerala-based GTN Textiles Ltd has reported a drop in its gross and net profit though the income from operations has gone up by 16 per cent during the financial year ended March 31, 2000.

Gulf SPIC wins Kuwaiti contract
CHENNAI: Gulf SPIC Contracting Co. W.L.L., a subsidiary of Southern Petrochemical Industries Corporation Ltd (SPIC), has bagged a Rs. 32-crore operation and maintenance contract from a Kuwait-based chlor alkali plant.

Pharmaceuticals
Pharma cos yet to patent success in US
MAJOR domestic pharmaceutical companies vying for the US generic market have met with disappointment, with returns on investments not matching expectations, according to analysts.

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