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Emami, Killer Jeans sue Roshans
Hyundai rolls out fifth lakh vehicle
BenQ launches mobile sets |
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Shahabad sugar mill adjudged the best Union Bank fixes Air-India flies to China
BSNL international roaming in January
HC relief to Dupont in trademark case Pfizer to close Chandigarh plant
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Emami, Killer Jeans sue Roshans Mumbai, December 11 The complaints were filed on December 9 by the two companies in the court of Additional Chief Metropolitan AM Garde at suburban Andheri. The cases will come up for hearing on February 7, lawyer for the complainant companies Ashok Sarogi told PTI here today. The complainants have alleged that the Roshans had committed criminal breach of trust and cheating by going back on their agreements to show the products of the companies in some shots of the film. It was agreed between the parties that for a certain consideration, the film would be shot in Mall Road, a hill station in the North, and in the background the products of the company would be displayed. Emami alleged that the Roshans had agreed to shoot a scene with the heroine Priety Zinta holding a company product in a beauty parlour and they also promised to show close shots of the article held by her. In return, the company had paid Rs 12 lakh in instalments. Similarly, Killer Jeans company alleged that the Roshans had agreed to shoot a scene in which the hero Hritik would be picturised wearing the Killer Jeans. However, both companies claimed that the shots were not found in the movie on its release in theatres all over India recently. They charged the Roshans with cheating. There is a clause in the agreement which provides for arbitration. But this can be invoked in a civil case and not when criminal action is being sought, lawyer Sarogi said. A spokesman for Rakesh Roshan said they have not received notices from the court and would file a reply when the cases come up for hearing. —
PTI
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Hyundai rolls out fifth lakh vehicle Irrungattukottai (Chennai), December 11 Speaking at the roll-out ceremony, Mr J.L. Kim, Managing Director, Hyundai Motor India, said first half-a-million units took us five years, but the company will achieve the one million mark in the next three years. To achieve the mark, the company is investing $220 million to expand its production facility. While its assembly line capacity will increase to 1,50,000 units per annum, at present, to 2,50,000 units by mid-2004, the engine and transmission facility will also be enhanced to 3,00,000 units from the current 1,50,000. With a market share of close to 20 per cent in the domestic market, HMI is now extending its reach to global markets. The company was designated as Hyundai Motor Company’s global export hub for small cars in 2003 and has already made inroads into Europe . Over the next 12 months, the company plans to add two new products – Getz in the sub-compact car and Elantra in the mid-luxary segment— to its current portfolio of Santro, Accent, Sonata and Terracan. Hyundai Motor India has targeted to hike its exports by 300 per cent and domestic sales by 40 per cent in the next three years, Mr B.V.R. Subbu, President, HMI, said. At present the company has exported 9 per cent of the total half-a-million units but targeted to increase it by more than three-fold by 2006, he said. Regarding the new models in the offing, Mr Subbu said updating of vehicles would continue. “At present, the company is concentrating on safety measures. We are already ahead as per the mandated safety norms in the country but still lot has to be done yet in this area,” he said. When asked about the impact of Golden Quadrilateral project on the car manufacturers, Mr Subbu said the sales were bound to increase and service centres would be increased from the present 400 to 1,000 to reach at the grassroots.  |
BenQ launches mobile sets
Chandigarh, December 11 BenQ, an acronym for Bringing Enjoyment and Quality to Life, forayed into the handset market last month when it launched two mobile phones. After targeting the metros, the company plans to launch three more GSM mobile phones. The company’s portfolio now includes two mono bar models and three clam shell models in the middle to high segment. Ashish Bakshi, Country Head, India Operations, while talking exclusively to The Tribune, says that digital lifestyle devices have been the thrust area of the company. “We plan to grab 5 per cent of the handset market share by March 2004. India is the fifth country after Taiwan, China, Malaysia, Thailand (in that order) that has seen mobile boom,” he says. Ashish avers that it is the youth brigade that is willing to give new features and technology a shot and because of them the industry is getting the necessary impetus. “That is why the youth segment is our target area. They are willing to try out new products and are buying leaders,” he says. Talking on the recent boom in the mobile telephony segment, he says it has been driven by everyone’s urge to get connected and huge replacement market that has popped up. “In fact, it is a revolution that was waiting to happen,” he opines. According to Ashish, the grey market is on its way down and the CDMA market in India has not matured till now. “People are looking towards structured wide distribution of network. We place the Northern region on a high priority list.” Subsequent to the launch of these five models in the GSM segment ranging between Rs 5,000 and Rs15, 000, BenQ will also launch handsets in the CDMA segment. The company plans to invest Rs 10 crore to promote the brand and achieve target market share. |
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Shahabad sugar mill adjudged the best Kurukshetra, December 11 Shahabad Cooperative Sugar Mills, Chairman, Abhilaksh Lakhi said this was a mater of pride not only for Shahabad but for the state also and both these awards were declared recently by the National Federation of Cooperative Sugar Factories, New Delhi, while announcing the Efficiency Award for 2002-03. The total profit of the mill till now was Rs 28 crore while the sugar recovery of the mill for 2002-03 had been highest after expansion. This had been achieved by improving the technical efficiency of the mill, he added. The mill was crushing 60-65 lakh quintals of sugarcane during the last three crushing seasons. This was the highest crushing among the cooperative sugar mills of the North. The Shahabad mill had achieved special technical efficiency in the 2002-03 in its operation by using the modern equipments based on new techniques. |
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Union Bank fixes benchmark PLR
Mumbai, December 11 The board approved yesterday a proposal for fixing benchmark PLR at 10.75 per cent, 0.25 per cent less than current PLR of 11 per cent, UBI Chairman and Managing Director V Leeladhar told reporters on the sidelines of the Bank Economists Conference here today. The BPLR has no relation with the consumer lending rate and housing rates. The bank has considered factors like cost of capital and risks while fixing the benchmark PLR, Leeladhar said. The SBI Chairman A.K. Purwar said it was reviewing the lending rate and expects to announce a decision by mid-January. ICICI Bank Managing Director and CEO K V Kamath said the interest rates seem to be bottoming out on both sides (lending and deposits side). The bank would announce its decision in this regard (benchmark PLR) later, he added. “We are working on determining benchmark PLR by considering cost of funds and risks. We expect about 0.50 per cent cut in PLR which currently stands at 11.5 per cent,” said Syndicate Bank CMD M Bastian. Uco Bank Chairman and Managing Director V P Shetty said the bank would decide the PLR rate in next seven-eight days. —
PTI |
| Air-India flies to China New Delhi, December 11 The bi-weekly flights on the Mumbai-Delhi-Bangkok-Shanghai sector will mark the burgeoning trade and economic exchanges between the two countries. The flights will depart every Thursdays and Saturdays to return a day later. China Eastern Airlines also flies twice a week from Beijing to Delhi — on Tuesdays and Saturdays. “A-I’s presence in Shanghai and the commencement of its bi-weekly direct flights to Shanghai will promote trade as well as people to people contacts, particularly tourism,” Jitendra Bhargava A-I’s director public relations said. The airline has deployed A310-300 with 181 economy and 20 executive class seats to ply on the route. Mr Bhargava said India and China will review their bilateral air services agreement in April or May next year to increase the number of flight frequencies. Bilateral ties had received considerable fillip following Prime Minister Atal Bihari Vajpayee’s visit to China in June. India has been accorded “approved tourism destination” status by the Chinese government. |
BSNL international roaming in January Jalandhar, December 11 “As a new year gift to its subscriber, BSNL will provide international roaming facility to its mobile subscribers by the next month and tests have already been conducted,” he told reporters here today, adding that roaming facility in the north for pre-paid subscribers was also under consideration. To promote fixed line connections more value-added services would be introduced, including SMS and broad-band facility. |
HC relief to Dupont in trademark case New Delhi, December 11 Algrip is vastly used by farmers in Punjab and Haryana to improve the wheat production. Justice C K Mahajan restrained Hindustan Pulverising Mills, the rival company from using the trademark ‘Higrip’ by accepting the plea of Dupont that the identical sounding of the names was affecting its business. Dupont also alleged that the rival company was selling its product almost in identical packaging, leading further confusion among buyers. The court said till next date of hearing, the rival company would not use the trademark ‘Higrip’ or any other lebel, carton and literary material in its instruction material for popularising their product. |
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