The Hindu Business Line : Thursday, August 07, 2008

CORPORATE

OUTLOOK: Bharat Forge to foray into ultra heavy forgings biz
Rs 1,000-1,200 cr to be pumped in over 5 years. Pune, Aug. 6 As part of its initiative into the non-auto component business, Pune-based forgings maker Bharat Forge Ltd (BFL) plans to step into the manufacture of ultra heavy forgings catering ...

CONSULTING: Ceat selects US consultant to develop home-grown radial tech
To sell Bhandup land as part of funding expansion plan. Mumbai, Aug 6 Tyre manufacturer Ceat, part of the Rs 13,500 crore RPG Group, has zeroed in on a US-based global consultancy firm that specialises on radial tyre technology to help it ...

NEW PROJECTS: E.I.D. Parry set to complete sugar mill expansion
Examining options to deploy funds across various biz segments. Chennai, Aug. 6 E.I.D. Parry (India) Ltd is set to complete its Rs 850-crore sugar mill expansion programme that would see it emerge as a fully integrated sugar producer with ...

OUTLOOK: Entry of more players will strengthen the hybrid car market: Honda
Mumbai, Aug. 6 In spite of the good customer interest it received, the market trend for hybrid cars in India is far from clear, according to Honda, the company which opened the market for such cars in the country by selling 52 units of Civic ...

RESEARCH & DEVELOPMENT: Bharat Electronics hands over first 3D radar to Air Force
New Delhi, Aug 6 Bharat Electronics Ltd (BEL), a public sector undertaking, on Wednesday handed over the first of the three-dimensional radar ‘Rohini’ to the Indian Air Force. ...

ACCOUNTING STANDARDS: The metamorphosis of Standards
There is a saying, “Old accountants never die, they just get out of balance.” One could probably tweak that a bit and say: “Old accounting standards never die, they are changed with the changing times.” ...

HUMAN RESOURCES: Fifty Indian engineers involved in developing Toyota’s compact car
Chennai, Aug 6 About 50 Indian engineers are working in the development of Toyota’s compact car slated to be launched in India by Toyota Kirloskar Motor (TKM) two years from now. ...

OUTLOOK: General Motors to focus on tier III & IV towns to increase sales
Chennai, Aug. 6 General Motors India is targeting sales of 85,000 vehicles during the current calendar year, with a sizeable increase in its sales coming from Tier III and Tier IV cities and towns. With a certain degree of saturation in the ...

SOFTWARE: Alghanim implements SAP at India plants
Hyderabad, Aug. 6 The $2-billion diversified Kuwait-based Alghanim Group announced recently hat it has implemented SAP human resources modules in its India companies — Kirby and Rockwool. It plans to implement it across all its 30 ...

TECHNOLOGY: Bosch develops system to reduce fuel consumption
Bangalore, Aug. 6 Bosch has developed an electronic system that will help in reducing fuel consumption by switching off the combustion engine when the vehicle is stationary, particularly during traffic jams or at traffic ...

OUTLOOK: Studying Hummer’s potential
GM India is conducting a strategic review of the Hummer brand for a possible introduction in the Indian market. Last week an overseas news agency had mentioned that GM is considering roping in Mahindra & Mahindra for marketing Hummer ...

NEW PROJECTS: Tata Motors project

NEW BUSINESS: Elecon Engg unit bags orders worth Rs 524 cr
Ahmedabad, Aug. 6 Elecon Engineering Company Ltdtoday announced that its material handling equipment division has bagged five major orders totalling Rs 524.2 crore. ...

OVERSEAS INVESTMENTS: Manaksia Group setting up subsidiary in Mauritius
Kolkata, Aug. 6 The Kolkata-based Manaksia Group is incorporating a subsidiary company in Mauritius and “step-down” subsidiaries in other countries for consolidation of its holdings in various projects in countries such as Nigeria, ...

COURTS/LEGAL ISSUES: No mention of gas supply in scheme: Reliance
Mumbai, Aug. 6 If Reliance Industries Ltd had agreed to supply gas at $ 2.37 per mmbtu for 17 years to Mr Anil Ambani controlled Reliance Natural Resources Ltd it could have affected the company’s share price, said Mr Harish Salve, ...

OUTLOOK: Hydrolina Biotech’s plans
Hydrolina Biotech Pvt Ltd, a Chennai-based biotech company, plans to start retail sales of Spirulina under the brand name ‘Vitalinaa.’ According to Mr L.P. Ravichandar, Managing Director, Hydrolina Biotech, the company recently ...

ALLIANCES & JOINT VENTURES: PowerGrid JV with Teesta Urja
State-owned Power Grid Corporation of India has formed a joint venture company with Teesta Urja Ltd for developing transmission system to evacuate power from the upcoming 1,200 MW Teesta-III Hydro Electric Project in Sikkim. Power Grid’s ...

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