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Monday, June 21, 1999

Maruti may guarantee used cars' performance
In a bid to create a vibrant used-car market, domestic car makers led by market leader Maruti Udyog are exploring ways to offer performance guarantees on second-hand vehicles.

Indian Airlines may not trim retirement age
Indian Airlines may not go in for an immediate reduction in the retirement age from 60 to 58 years. No decision was taken in this regard by the board which met on June 18 to discuss the issue. This has put to rest speculation in the aviation circles that the IA will toe the Air India line and prune the retirement age.

Hindustan Motors to step up output of Lancer
Hindustan Motors (HM) plans to step up production of Lancer model and expand its dealer and service network following favourable market response to its mid-size car.



  Doordarshan plans to launch three channels
  Corporates are swapping forex debt with rupee loans
  Cheminor Drugs seeks US FDA's approval for anti-depressant drug
  IFCI hunts for new promoters to revive Nasa Continental
  BIFR asks Mahavir Butyl Rubber to down its shutters
  NIIT to invest Rs 60 crore for educational content revamp
  Surya Roshni targets 20% jump in exports turnover
  Riga Sugar hopes to complete update project by November
  Lucky LG's brand recall and sales soar
  Sony scores World Cup century -- Sales up by 100%
  Zenith boots 2,400 Pentium-based PCs due to promo
  Videocon, Akai, Sansui
  Channel partners boost Microsoft sales by 65%
  Samsung dealers ensure 163% jump
  Baron heaves a sigh of relief on Aiwa scheme
  Philips makes large gains in large screen models
  State Bank firms up co-branded credit card plans
  Wilkinson Sword gets ahead by a whisker
  Gujarat Poly-AVX gets 6 weeks time to unveil revival plan
  Titan to clock Rs 120-crore sales in World Cup quarter
  WorldTel seeks TNEB nod for optic fibre cable use
  Healtheon plans $10m investment in Indian healthcare, pharma
  Corporates' interest costs gallop 19.5% in 1998-1999
  Expect major Doordarshan initiatives in digitisation
  Singapore Airlines to purchase 10 Boeing aircraft for $1.9 bn
  Air France picks Delta over Continental for trans-Atlantic alliance
  IOC okays Central India pipeline stake plan
  Ford to drive out of Nashik, hand over unit to M&M



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