Automobiles
Ford sold more Ikons than targeted in 2000
FORD India Ltd has ended the calendar year 2000, the first full year since it launched the Ikon, with sales of 22,849 Ikons against a target of 21,000 units, a turnover of about $320 million.
Corporate
Tata Steel plans ferro-chrome unit in Australia
THE Rs 6,943-crore Tata Steel plans to invest $50 million in a 1,20,000-tonne ferro chrome project in Australia, subject to board approval and other requisite clearances, Dr Jamshed J. Irani, Managing Director, said on Thursday.
LG Electronics plans Rs 100-crore IPO
LG Electronics India Ltd (LGEIL) is planning to hit the capital market with a $20-million (Rs 90-100 crore) initial public offer (IPO) this year.
M&M sets up farm services unit
THE Rs 5,000-crore Mahindra and Mahindra (M&M) has set up a farm extension services division called Mahindra Shubh Labh, which will pioneer the building of a chain of one-stop shops offering a comprehensive range of farm-gate services.
GE Countrywide in pact with SHCIL
GE Countrywide, the leading consumer finance company, has entered into a strategic alliance with Stock Holding Corporation of India Ltd (SHCIL), the largest depository participant in the country, for offering a one-stop shop for comprehensive financial s
ervices solutions.
TEAM revamp plan -- Chemfab Chlorates to be merged with Alkalis soon
THE Chennai-based Titanium Equipment and Anode Manufacturing (TEAM) plans to bring the chemical companies in its group under a single umbrella as a part of its restructuring exercise, according to the company Chairman, Dr C.H. Krishnamurthy Rao.
Financial Performance
Escorts JCB posts Rs 471-cr turnover
NEW DELHI: Escorts JCB Ltd, the Delhi-based joint venture between J C Bamford Excavator Ltd of the UK and the Escorts group, has recorded a turnover of Rs 471 crore during calendar year 2000.
Crisil net up 18%
CREDIT Rating Information Services of India Ltd has recorded an increase in net profit of 18.3 per cent for the quarter ended December 31, 2000.
Stocks
`Market swings may hit floats by non-US firms'
THE uncertainty in the US markets may well affect capital raisings by non-US companies in the first-half of 2001, according to the Managing Director and head of the ADR division of the Bank of New York, Mr Timothy F. Keaney.
