Asia Africa Intelligence Wire articles from December 2002

Asia Africa Intelligence Wire archives from December 2002

DEEMED PUBLIC COMPANIES CAN TURN PRIVATE (Sec. 43A of Companies Act is no more operational).
December 31, 2002... (From India Business Insight) Companies Amendment Act 2000 has come into operation and cancelled the operation of Sec. 43A of Companies Act. The repealed section applied to private companies to treat them as public companies, if any...

SEBI ORDERS 3-YEAR LOCK-IN PERIOD FOR SWEAT EQUITY (under its new takeover code).
December 31, 2002... (From India Business Insight) Securities and Exchange Board of India-SEBI-has brought into force its new takeover code. Under it, sweat equity should comply with SEBI Disclosure and Investor Protection Guidelines 2000. Accordingly,...

PERFORMANCE AND EFFICIENCY: HYUNDAI ACCENT CRDi (produces 81 bhp of max power at 4,000 rpm and 187Nm of maximum torque at 2,000-2,700 rpm).
December 31, 2002... (From India Business Insight) Hyundai Motor India Ltd (HMIL) is expected to launch Accent CRDi in India. The car features Hyundai's newly developed turbocharged and inter-cooled common rail direct injection (CRDi) engine. The...

BAJAJ AUTO LTD (plans to consolidate its position in the executive bikes and premium bikes segments).
December 31, 2002... (From India Business Insight) Bajaj Auto Ltd (BAL) is a leading player in the economy motorcycles segment, with its bike Boxer. It is working towards consolidating its position in the executive bikes segment by launching a new 110cc...

DAIMLERCHRYSLER INDIA (reported a profit of Rs40 crore on revenues of Rs1,345 crore for 2001-2002).
December 31, 2002... (From India Business Insight) DaimlerChrysler India of Pune, a subsidiary of DaimlerChrysler of Germany, has launched its new generation E Class saloon, W211, in India. The car is priced at about Rs1 lakh more than the earlier version and...

FIAT INDIA (will launch the 1.9 litre diesel engine equipped Palio in early-2003).
December 31, 2002... (From India Business Insight) Fiat has been able to overcome the crisis it faced with the launch of the Uno with the unveiling of the Palio. However, it has not been able to sustain the Palio's performance and sales of the car dropped to...

KINETIC GROUP (Nova and Zoom generated sales of 11,500 units during Oct 2002).
December 31, 2002... (From India Business Insight) The Kinetic group comprises Kinetic Motor Company and Kinetic Engineering. Kinetic Motor Company has launched two new scooters, Nova and Zoom to counter competition in the gearless scooters segments. The...

MAHINDRA and MAHINDRA (manufactures a range of utility vehicles targeted at urban, semi-urban and rural buyers).
December 31, 2002... (From India Business Insight) Mahindra and Mahindra's (M and M) Rs600-crore project to build the Scorpio has proved successful, with sales of Scorpio increasing across the country and countries, including Iran and Bangladesh, evincing...

SKODA AUTO INDIA (is targeting sales of 5,800 units of Octavia in 2002).
December 31, 2002... (From India Business Insight) Skoda Auto India (Skoda) is targeting sales of 5,800 units of Octavia in 2002, but dealers are confident that the car will sell an estimated 200 units more. The Octavia is a saloon model positioned between...

TATA ENGINEERING (is expected to launch the Indigo in the mid-size car market soon).
December 31, 2002... (From India Business Insight) Tata Engineering and Locomotive Company Ltd's (Telco) Indica continues to perform well, reporting sales of 7,192 units in Oct 2002 (5,325 units in Oct 2001). The company has worked continuously to improve...

RUBBER: GENERAL REVIEW (production was 6,31,400 tonnes during 20001-2002).
December 31, 2002... (From India Business Insight) The growth in production of natural rubber (NR) fell to 0.2 percent during 2001-2002. Production was 6,31,400 tonnes during 2001-2002 (6,30,405 tonnes during 2000-2001) and NR productivity was 1,576...

EXPORT PERFORMANCE REVIEW OF CAPEXIL'S PRODUCTS (export of Capexil's products during 2001-2002 is estimated to be Rs1,58,320 million).
December 31, 2002... (From India Business Insight) The export of Capexil's products during 2001-2002 is estimated to be Rs1,58,320 million, which is a seven percent growth as compared to Rs1,48,387 million during 2000-2001. Rubber manufactured products have...

ZENITH RUBBER and PLASTIC WORKS (Zenith has an installed capacity of 4,500 tonnes of rubber sheetings per year).
December 31, 2002... (From India Business Insight) Zenith Rubber and Plastic Works is a large exporter of quality rubber sheetings, rubber floorings, coated fabrics, rubber mats and industrial rubber hoses. The company has an installed capacity of 4,500...

CEAT LTD (posts 35% growth in the truck tyre segment).
December 31, 2002... (From India Business Insight) Ceat Ltd was set up in 1958, makes a turnover of Rs1,361 crore and has multi-plant facilities in India and Sri Lanka. The company has been awarded the ISO 9001 and 9002 certifications and its products are...

FORECH INDIA LTD (reports an export turnover of Rs20 crore).
December 31, 2002... (From India Business Insight) Forech India Ltd was set up in 1987 and manufactures transmission belts, conveyor belts and rubber sheets. It has a licence agreement with TRS International GmbH and manufacturers rubber sheetings of all...

TM TYRES and TUBES PRIVATE LIMITED (to expand capacity to meet needs of the international market).
December 31, 2002... (From India Business Insight) TM Tyres and Tubes Pvt Ltd manufactures tubes, envelopes and curing bags for the tyre retreading industry. The company hopes to manufacture quality products at competitive prices. It is expanding its...

NAVYUG (INDIA) LTD (Navyug's quality management accorded ISO 9002 certification).
December 31, 2002... (From India Business Insight) Navyug (India) Ltd has been awarded the Top Export Award for its export performance during 2001-2002. Its products are industrial v-belts, auto belts, cogged belts, hexagonal belts and other belts. It has a...

ANAND MOTOR PRODUCTS PVT LTD (is OEM to Maruti Suzuki, Telco, Mahindra and Mahindra and the Railways).
December 31, 2002... (From India Business Insight) Anand Motor Products Private Ltd has been certified for ISO 9002 and QS 9000 and is recognised as an "Export House" by the Government of India. It has been manufacturing automotive components since 1978 and...

PRECISION RUBBER INDUSTRIES PVT LTD (earns ISO 9002 certificate for the Quality System).
December 31, 2002... (From India Business Insight) Precision Rubber Industries Pvt Ltd was set up in 1971 and it now has three separate factories with over 600 employees producing 40 million aprons and cots in a year. Its products are exported to more than...

RUBFILA INTERNATIONAL LIMITED (produces 60,000 tonnes of heat resistant latex rubber thread, exports to over 20 countries).
December 31, 2002... (From India Business Insight) Rubfila International Ltd was given the Top Export Award for Latex Products by AIRIA for the second time in 2001-2002. It started its exports from 1995 with exports to over 20 countries and has an annual...

AGARWAL RUBBER PRIVATE LIMITED (makes special tubes for Indian air Force and Army and Maruti brand tyres for two-wheelers and LCVs).
December 31, 2002... (From India Business Insight) Agarwal Rubber Pvt Ltd (ARPL) has been certified for ISO 9001 and has manufactured special tubes in India for the first time for the Indian Air Force and the Army. It also manufactures two- wheeler and LCV...

PHOENIX YULE LIMITED (Phoenix receives AIRIA and the CAPEXIL awards).
December 31, 2002... (From India Business Insight) Phoenix Yule Ltd was set up in Feb 1999 and is the first joint venture between a global multinational company and a public sector unit. It is the first company in India to produce heat- resistant steelcord...

POLYBOND INDIA PVT LTD (functions in a paperless environment with the help of an ERP).
December 31, 2002... (From India Business Insight) Polybond India Pvt Ltd manufactures rubber and rubber-to-metal bonded parts for automotive use, anti-vibration mounts for industrial use and rubber hoses for automotive use. The company has been awarded the...

PELICAN RUBBER PVT LTD (factory is located in a village in Andhra Pradesh).
December 31, 2002... (From India Business Insight) Pelican Rubber Pvt Ltd was set up in 1996 and manufactures automobile butyl tubes for two-wheelers, passenger cars, light commercial, truck, tractor, and OTR vehicles. Its factory is located in a village in...

GUJARAT RECLAIM AND RUBBER PRODUCTS LTD (country's largest manufacturer of reclaim rubber gets ISO 9002 certification for its facilities).
December 31, 2002... (From India Business Insight) Gujarat Reclaim and Rubber Products (GRRP) was set up with a capacity of 2,400 tonnes per annum but this capacity has been expanded to 15,000 tonnes of reclaim rubber per year. The company is the largest...

ROULUNDS CODAN (INDIA) LTD (quality system certified for QS 9000 and ISO 9001 in 2000).
December 31, 2002... (From India Business Insight) Roulunds Codan (India) Ltd was set up in 1992 and is a joint venture between Hilton Rubber Ltd (HRL), India, Roulunds Fabriker (RF) of Denmark and the Industrial Fund for Developing Countries (IFU) with 50...

VINKO AUTO INDUSTRIES LTD (belts are ISI, BS, JIS, RMA, ISO and DIN compliant).
December 31, 2002... (From India Business Insight) Vinko Auto Industries Ltd (VAIL) was set up in 1965 and is said to be a world-class manufacturer of Alaska brand of v-belts and fan belts. It has been awarded the ISO 9002 certification and its belts are...

BENGAL WATERPROOF LTD (is the first waterproofing company and pioneer of Indian rubber industry).
December 31, 2002... (From India Business Insight) Bengal Waterproof Ltd is the first waterproofing company and the pioneer of the Indian rubber industry. It commenced manufacture in 1920 and manufactures a range of products in India. The company's total...

EXPORT GROWTH AT 7.9% (growth of exports during Apr-Sep 2002 was 13.49%).
December 31, 2002... (From India Business Insight) The growth of exports during Sep 2002 was 7.9 percent from 6.55 percent in Aug 2002. The growth of exports during Apr- Sep 2002 was 13.49 percent and India's exports during Sep 2002 were $3.99 billion as...

CUSTOMS, EXCISE COLLECTION UP 15% (tax collection in direct tax segment in Apr-Oct 2002 was Rs46,652 crore).
December 31, 2002... (From India Business Insight) As per information from the revenue department, the gross tax collection, other than service tax is Rs1,16,173 till the end of Oct 2002. This amount is just 15.52 percent of the budget of Rs2,27,766...

FIRST-HALF EXPORTS UP (growth of exports was 13.49% at $23,974.30 million during Apr-Sep 2002).
December 31, 2002... (From India Business Insight) The export target for 2002-2003 has been pegged at 12 percent and the growth of exports during Apr to Sep 2002 was 13.49 percent at $23,974.30 million against $21,123.85 million during Apr-Sep 2001. This is...

50,000 TONNES EXPORTS EXPECTED (exports are 23,000 tonnes during Apr to Sep 2002).
December 31, 2002... (From India Business Insight) The export of natural rubber during 2002-2003 is expected to be more than 50,000 tonnes against targeted 33,000 tonnes. The exports are 23,000 tonnes during Apr-Sep 2002. The Kottayam rubber manufacturer,...

MANUFACTURING SECTOR POSTS 7.3% GROWTH (average industrial growth during Apr-Sep 2002 was 5.2%).
December 31, 2002... (From India Business Insight) The index of industrial production (IIP) has increased by 6.1 percent during Sep 2002. It was just two percent during Sep 2001. The average industrial growth during Apr-Sep 2002 was 5.2 percent as...

TRUCK, BUS TYRE OUTPUT DIPS (growth in tyre production up by 21% compared to production in Aug 2001).
December 31, 2002... (From India Business Insight) The production of bus and truck tyres has fallen in Aug 2002 because of the increased supply in the local market. There has been a 21 percent growth in production of tyres in comparison to the production in...

RUBBER SECTOR EYES PROCESS OUTSOURCING (rubber industry to project India as a place for outsourcing rubber and rubber products).
December 31, 2002... (From India Business Insight) The rubber industry in India has planned to focus on the business process outsourcing (BPO) segment for producing rubber and rubber products from the US and the Far East. It plans to project India as a place...

APOLLO PROPOSES TO ACQUIRE 2 TRUCK TYRE PLANTS (to complete due diligence of Modi Rubber).
December 31, 2002... (From India Business Insight) Apollo Tyres Ltd (ATL) is planning to buy two truck tyre manufacturing plants in India in order to meet its objective of attaining a turnover of Rs5,000 crore by 2006. It has plans to complete due diligence...

OUTLOOK FOR THE INDUSTRY REMAINS FIRM (prices fall to Rs3,765 per quintal in Sep 2002 and to Rs3,667 per quintal in Oct 2002).
December 31, 2002... (From India Business Insight) The prices of natural rubber (NR) have risen to Rs3,589 per quintal during May 2002 and touched Rs4,150 per quintal in Jul 2002. The prices fell to Rs3,765 per quintal in Sep 2002 and to Rs3,667 per quintal...

STRONG SALES PUSH APOLLO TYRES PROFIT (a growth of 749 percent in net profits during Jul to Sep 2002 at Rs27.35 crore).
December 31, 2002... (From India Business Insight) Apollo Tyres Ltd (ATL) has posted 749 percent growth in net profit during Jul-Sep 2002 to Rs27.35 crore (Rs3.22 crore during Jul-Sep 2001). Its net sales rose by 23.4 percent to Rs483.64 crore (Rs391.78...

SRF NET RISES ON VOLUME GROWTH (registers 19.01% rise in net sales to Rs180.52 crore).
December 31, 2002... (From India Business Insight) SRF Ltd has registered 19.01 percent rise in net sales to Rs180.52 crore during Jul-Sep 2002 (Rs151.68 crore during Jul-Sep 2001). Its net profit has risen by 177.70 percent to Rs12.08 crore (Rs4.35 crore)....

DRW REDUCED ITS HOLDING (dilutes its holding to 16.7% from 39.58% in Dunlop India).
December 31, 2002... (From India Business Insight) DIL Rim and Wheel Corporation the foreign promoter of Dunlop India Ltd has brought down its holding in the company to 16.7 percent. It initially held 39.58 percent in Dunlop India Ltd.

BATA NET LOSS WIDENS (registers net loss of Rs8.51 crore in Jul-Sep 2002).
December 31, 2002... (From India Business Insight) Bata India Ltd has registered net loss of Rs8.51 crore during Jul- Sep 2002 (Rs4.45 crore net loss during Jul-Sep 2001). Its loss before depreciation and taxes was Rs4.88 crore (Rs2.65 crore) and net sales...

PEPPER: INDIAN MARKETS (pepper prices at IPSTA futures market dropped in Nov 2002 owing to increased selling pressure).
December 31, 2002... (From India Business Insight) Prices of pepper at Indian Pepper and Spice Trade Association (IPSTA) futures market in Kochi and the spot market dropped in Nov 2002 owing to increased selling pressure against sluggish demand. Upcountry...

CARDAMOM (cardamom prices at auction centres of Kerala and Tamil Nadu sluggish despite market intervention by dealers).
December 31, 2002... (From India Business Insight) Cardamom prices at major auction centres of Kerala and Tamil Nadu (TN) are sluggish despite market intervention mechanism by some dealers and auctioneers. The centres sold 1,341 tonnes of cardamom at...

POPPY SEED (upward movement in poppy seed prices stopped in Nov 2002 owing to retrieval in buying demand at higher levels).
December 31, 2002... (From India Business Insight) The upward movement in poppy seed prices that started in Aug 2002 stopped in Nov 2002 owing to retrieval in buying demand at higher levels. Prices fell to Rs130 a kilogram as on 25 Nov 2002. The prices...

INDIAN TEA PRODUCTION AND EXPORT SCENE (India's tea production dips to 103.32 million kg in Aug 2002 against 114.65 million kg in Aug 2001).
December 31, 2002... (From India Business Insight) Tea Production in India dropped to 103.32 million kilograms (kg) during Aug 2002 (114.65 million kg in Aug 2001). As a result, the country's tea production fell to 490.39 million kgs during Jan- Aug 2002...

HIKE IN EXPORT PRICES OF GRAINS (export price of old wheat crop to increase to Rs4,810 from Rs4,560 a tonne from 1 Jan 2003).
December 31, 2002... (From India Business Insight) The Government of India has increased the export prices of regular quality wheat and rice with effect from 1 Jan 2003. But export prices for the new rice crop procured during Rabi 2002- 2003 have been...

GoI TO CREATE SUGAR BUFFER STOCKS OF 2 MILLION TONS (buffer stock to mitigate hardship of sugarcane farmers).
December 31, 2002... (From India Business Insight) The Ministry of Food and Consumer Affairs, Government of India, will create a buffer stock of two million tonnes of sugar for one year. The objective is to alleviate hardship of sugarcane farmers. The relief...

AIR-INDIA CELEBRATES ITS 70TH ANNIVERSARY (in a year of earning profits after a number of years of losses).
December 31, 2002... (From India Business Insight) Air-India was born on 15 Oct 1932 and ruled the skies as Maharajah. But a setback in industrial relations led to a deterioration in its services and status and it suffered a series of losses in the mid-1990s....

IA ANNOUNCES WINTER SCHEDULE (one more flight a week from Hyderabad to Tirupati).
December 31, 2002... (From India Business Insight) Indian Airlines' winter schedule came into operation from 27 Oct 2002. A major change in the schedule is an additional weekly flight from Hyderabad to Tirupati, raising the weekly flights to four....

A-I IMPROVES ITS FINANCIAL PERFORMANCE (it will buy aviation turbine fuel at cheaper cities).
December 31, 2002... (From India Business Insight) Air-India (A-I) has posted a net profit of Rs32.78 crore during Apr-Aug 2002 owing to the introduction automated Revenue management system, which allows A-I to confirm higher-fare passengers on India-US...

AIR SAHARA TARGETS RAIL USERS (also focussing on the south).
December 31, 2002... (From India Business Insight) Air Sahara is aiming for rail users, luring them to fly instead. It will also focus on the south by positioning two 50-seater craft in Chennai. The other cities where it has been positioning two 50-seater...

IA AND ALLIANCE AIR SHOW GOOD RESULTS (Oct 2002 has been rewarding for IA).
December 31, 2002... (From India Business Insight) Oct 2002 has been a rewarding month for Indian Airlines (IA). On an average, IA flew 20,000 passengers a day, flying more than 6,25,000 passengers during the month. The highest for the month was 23,272...

BANGALORE AIRPORT AGREEMENT TO BE SIGNED SOON (construction to start in Apr-Jun 2003).
December 31, 2002... (From India Business Insight) The financial closure of Bangalore International Airport Ltd is expected in Mar 2003, its earlier closure date being in Dec 2002. Construction will start in Apr-Jun 2002 instead of Dec 2002. BIAL will cater...

INDIAN AIRLINES CONTINUES TO BE IN THE RED (Apr-Sep 2002 losses amount to Rs93-98 crore).
December 31, 2002... (From India Business Insight) Indian Airlines (IA) has earned a loss of Rs93-98 crore in Apr- Sep 2002. The price of aviation turbine fuel (ATF) has risen by 17 percent since Jul 2002, and the additional expenditure owing to this in...

HAL BAGS PILOTLESS PLANE ORDER (it will manufacture and deliver 25 in 2003).
December 31, 2002... (From India Business Insight) Hindustan Aeronautics Ltd-HAL-has received an order for 25 pilotless target aircraft, whose flight trials are successful. HAL will manufacture and deliver 25 of these aircraft called Lakshya in 2003....

AIR SAHARA BEATS RIVALS, REGISTERING HIGHEST PLF (13 percent growth in Oct 2002).
December 31, 2002... (From India Business Insight) Air Sahara has booked a rise of 13 percent in passenger load factor (PLF) in Oct 2002, carrying 1,38,983 passengers during the month. Its national rivals Indian Airlines and Jet Airways booked a growth of...

IA PROPOSES TO COMMERCIALISE BAGDOGRA FLIGHTS (Bagdogra can handle 119 international passengers at a time).
December 31, 2002... (From India Business Insight) The Minister for Civil Aviation, Government of India has informed Darjeeling and Sikkim Hotel and Restaurant Owners' Association that Indian Airlines (IA) will soon commercialise international flights from...

THE FLEETING MOMENTS OF 2002 (with many ups and downs).
December 31, 2002... (From India Business Insight) The year 2002 had many ups and downs for the air travel industry. These happened owing to the fear of tourists about the aftermath of the Gujarat riots. But the airlines coped with them without daunt....

AIR-INDIA (its new motto: experience the fresh, new Air-India).
December 31, 2002... (From India Business Insight) Air-India celebrated its 70th birth anniversary in Mumbai for the social elite of Mumbai by depicting A-I history on the front of Air-India building as a giant screen. The invitees were informed that after...

INDIAN AIRLINES (hub-and-spoke travel contract with Air-India).
December 31, 2002... (From India Business Insight) Indian Airlines (IA) has been able to get the hub-and-spoke travel contract from Air-India, which earlier wanted to give it to Jet Airways. IA will run connecting flights from Mumbai and Delhi for...

JET AIRWAYS (the airline is winning awards galore).
December 31, 2002... (From India Business Insight) Jet Airways has won Best Domestic Airline of 2001 award from H and FS (Hotel and Food Services) for the fourth time. Earlier, it had won this in 1996, 1998 and 2000. Jet Airways also has won TTG Travel Award...

AIR SAHARA (had the highest load factor of 68.22 percent in Oct 2002).
December 31, 2002... (From India Business Insight) Air Sahara has now 61 flights a day from many Indian cities, the latest being added being Chennai. Air Sahara also has helicopters (Dauphins and Ecuriel) for charter. Air Sahara's load factor during Oct 2002...

PRIVATE SECTOR REALISES POTENTIAL OF FRANCHISING (enables fast market penetration with low capital and scope for the maximum utilisation of entrepreneurial skills).
December 31, 2002... (From India Business Insight) The private sector has identified the advantages of franchising. Franchising enables fast market penetration with low capital and scope for the maximum utilisation of entrepreneurial skills. Apollo Health and...

LACK OF AWARENESS OF DIABETES IN DIABETICS IS 63 PC: STUDY (40 million people are suffering from diabetes in India).
December 31, 2002... (From India Business Insight) The Prevalence of Diabetics in India Study (PODIS) conducted by an association of diabetologists across India revealed that there were 40 million people suffering from diabetes in India. The lack of awareness...

CORPORATES BRIGHTEN CITY'S HEALTHCARE PROSPECTS (corporate hospitals offer hi-tech service at affordable rates).
December 31, 2002... (From India Business Insight) Health care in Bangalore has changed dramatically with the corporate segment's entry. It has several private, Government and missionary hospitals and nursing homes, which deliver quality service. ...

SAGAR APOLLO: WORKING TOWARDS AFFORDABLE HEALTHCARE (patients can choose from general wards to presidential wards).
December 31, 2002... (From India Business Insight) Sagar Apollo Hospital has 250 beds with advanced affordable medical and surgical care in Bangalore. It has seven operation theatres for critical surgeries in cardiology, neurology and orthopaedics. The...

PIONEERS IN TERTIARY CARE (Heart Foundation recognised by the Government of Mauritius as a tertiary referral centre).
December 31, 2002... (From India Business Insight) Manipal Hospital in Bangalore was set up in 1990 and is a tertiary care hospital. The lithotripsy unit of the hospital is the first for non-surgical removal of kidney stones in Karnataka. The hospital...

'ENSURE LEGAL AND ETHICAL MEDICAL PRACTICE' (should have patient grievance cells).
December 31, 2002... (From India Business Insight) Dr SV Joga Rao, director and practising advocate at Pegasus Health Law Consultants opines that Bangalore has attracted plenty of investments in the health care segment comparable to Mumbai and Delhi. He says...

CORPORATE HOSPITALS CAN MAKE B'LORE A HEALTHCARE DESTINATION (corporate hospitals and smaller hospitals will not come in the way of each other).
December 31, 2002... (From India Business Insight) Bangalore has several super specialty hospitals that serve people inside and outside the city. The corporate hospitals and smaller hospitals cater to their category patients and will not come in the way...

BACC: THE FERTILITY SPECIALISTS (concentrates on its theme 'Healthy child for Healthy Couple').
December 31, 2002... (From India Business Insight) The Bangalore Assisted Conception Centre (BACC) is the first infertility clinic in India to be given the ISO certification. The hospital concentrates on its theme 'Healthy child for Healthy Couple' and...

VITTALA INTERNATIONAL INSTITUTE OF OPHTHALMOLOGY: EYE CARE PAR EXCELLENCE (promoted by Dr K R Murthy of Prabha Eye Clinic).
December 31, 2002... (From India Business Insight) The Vittala International Institute of Ophthalmology was established in 2001 in Bangalore. It is promoted by Dr K R Murthy of Prabha Eye Clinic and is involved in prevention, cure and maintenance of eye...

NANAVATI HOSPITAL OPENS TRAINING IN BMD (TIPS has been set up in collaboration with GE Medical Systems).
December 31, 2002... (From India Business Insight) Dr Balabhai Nanavati Hospital is the first in South East Asia to offer training to estimate bone mineral densitometry (BMD). The training centre, called Training in Partnership School (TIPS), is located at...

Rs1,300 Cr EXPANSION PROPOSED FOR AIIMS (master plans submitted to Delhi Urban Arts Commission).
December 31, 2002... (From India Business Insight) All India Institute of Medical Sciences plans to upgrade and expand facilities and master plans regarding this have been submitted to Delhi Urban Arts Commission. The plan includes expansion of housing and...

AV.ULCO PLANS TO EXPAND DOMESTIC, EXPORT MARKET BASE (company manufactures and distributes anaesthesia machines and ventilators).
December 31, 2002... (From India Business Insight) Av.Ulco Healthcare of Bangalore is a joint venture between Ulco Medical of Australia with 49 percent equity and Avasarala Group of Bangalore with 51 percent equity. The company manufactures and...

'IT WILL BE LONG BEFORE INDIAN MFRS MATCH INTN'L STDS IN HOSPITAL FURNITURE' (Indian furniture is based on designs from 1950s and 1960s and is obsolete).
December 31, 2002... (From India Business Insight) Furniture component for a hospital project constitutes 45 percent of the total cost of the project. Promoters have all along preferred to use Indian furniture in the hospitals, but have now realised that good...

3,00,00,000 NOT OUT (Quetzel Design manufactures custom made furniture for corporate, home and retail markets).
December 31, 2002... (From India Business Insight) Quetzel Design (QD) manufactures custom made furniture for corporate, home and retail markets. Started by Sundeep Mukherjee and Sarita Fernandes in 1999, with a capital of Rs50,000, it has now a...

THE ROAD TO PROFITS (National Highway Development Project may change the face of India).
December 31, 2002... (From India Business Insight) The Government of India, in 1998, announced 14,162 kilometre (km) highway road building project, costing Rs58,000 crore. The massive project was divided into two phases. The first phase known as golden...

`WE'RE HONDA'S GOLDEN GOOSE' (says Mr Brijmohan Lal Munjal, founder Chairman of Hero Honda group).
December 31, 2002... (From India Business Insight) Mr Brijmohan Lal Munjal is the founder Chairman of Hero Honda group. Hero Honda is the top manufacturer of the Hero Honda motorcycles in India. Hero group began its existence as a bicycle components...

SHOULD I BUY L and T GIVEN THE CURRENT CONTROVERSY? (considering its past performance buying of L and T stake is a good proposition).
December 31, 2002... (From India Business Insight) Larsen and Toubro (L and T) is a noted engineering and construction company. It is also involved in cement manufacturing. It has market capitalisation of Rs5,048 crore. For the Apr-Sept 2002 period...

ZEE TELEFILMS (Zee as a new strategy to wrest viewership has begun showing most watched films).
December 31, 2002... (From India Business Insight) Zee Telefilms' (Zee) performance during Apr-Sep 2002 has been unimpressive with a 9 percent hike in sales to Rs523.3 crore and 14 percent jump in net profits to Rs102.2 crore. The increase in sales was...

SUN PHARMA-HEART ..MIND..MONEY (has drugs for problems of mind, heart and stomach-related diseases).
December 31, 2002... (From India Business Insight) The Rs759-crore Sun Pharmaceuticals of Mumbai has a share of 16 percent in the 750-crore drugs market dealing in problems connected with mind, 12 percent in Rs1,045-crore drugs market dealing in problems of...

Tough stance on North eyed.
December 31, 2002... (From The Yomiuri Shimbun/Daily Yomiuri) Tough stance on North eyed Yomiuri The government is considering punitive measures to complement the United States' strategy to contain North Korea by severing all Japanese trade and...

Municipality merger moves spreading.
December 31, 2002... (From The Yomiuri Shimbun/Daily Yomiuri) Municipality merger moves spreading Yomiuri Moves to merge municipalities across prefectural borders are gathering mometum before the term for application of a special law on municipality...

'Firm gave ex-mayor 100 mil. yen in bribes'.
December 31, 2002... (From The Yomiuri Shimbun/Daily Yomiuri) 'Firm gave ex-mayor 100 mil. yen in bribes' Yomiuri A former mayor of Yachiyo, Chiba Prefecture, who was indicted on charges of taking bribes from a company contracted to operate a...