Thursday, January 3, 2002, Chandigarh, India






National Capital Region--Delhi

THE TRIBUNE SPECIALS
50 YEARS OF INDEPENDENCE

TERCENTENARY CELEBRATIONS
B U S I N E S S

Bajaj bike sales zoom 85 pc
Mumbai, January 2
Bajaj Auto Ltd has recorded a 85 per cent growth in motorcycle sales at 62,379 units in December as 2001 as compared to 33,708 units during the same period last year.

Euro — wash it, but don't iron it

Berlin, January 2
Euro notes survive being washed at close to boiling temperatures but should not be ironed, a German daily said on Tuesday after its reporters put the new money through some everyday stress tests.

A money-changer in the Kosovo capital Pristina adapts quickly to Europe's new currency
A money-changer in the Kosovo capital Pristina adapts quickly to Europe's new currency in Pristina, on Wednesday, displaying a handful of euro notes along with his regular supply of US dollars and German marks. Kosovo uses the mark as its official currency and is making the switch to the euro just like official members of the eurozone. — Reuters photo

MRF, Bridgestone top list
New Delhi, January 2
MRF was ranked highest in customer satisfaction along with multinational Bridgestone in a study conducted by consulting firm, J D Power Asia Pacific.

SMS now for corporates
Bangalore, January 2
SMS or short messaging service is no more person-to-person. It is going bulk and cutting costs for corporates.


 

EARLIER STORIES

 
The China Airlines float, “Enjoying Taiwan,” winner of the International Award Trophy, makes its way down Colorado Boulevard in the 113th annual Rose Parade on Tuesday, in Pasadena, California.
The China Airlines float, “Enjoying Taiwan,” winner of the International Award Trophy, makes its way down Colorado Boulevard in the 113th annual Rose Parade on Tuesday, in Pasadena, California. — AP/PTI

Sops for bee-keepers on paper?
Kulu
Bee-keeping could not be made a viable profession in the district, though the Khadi and Village Industry Commission has announced many incentives in this field. The KVIC has identified Kulu district for developing the bee-keeping industry and providing employment to people.

Duncans to shift tea business
Kolkata, January 2
Duncans Industries, will focus on fertilisers business only and the tea operations will be transferred to another group company.

Sugarcane crushing begins
Sirsa, January 2
The crushing of sugarcane began in the recently constructed Ch Devi Lal Cooperative Sugar Mill at Panniwala Mota village in the district today. A ‘Havan’ organised on this occasion was attended by Deputy Commissioner Ankur Gupta.

ROUND-UP


A performer beats drum to celebrate the opening of the stock market for 2002 in Seoul on Wednesday.
A performer beats drum to celebrate the opening of the stock market for 2002 in Seoul on Wednesday. — AP/PTI

Reliance Ind results on Jan 31
New Delhi
Reliance Industries Ltd will announce its unaudited financial results for the third quarter (October-December) of the financial year 2001-02 on January 31, 2002. In the first half of current fiscal, RIL had sales of Rs 12,624 crore and the net profit of Rs 1,320 crore, a company statement said here.

  • Production of crude oil rises

  • ‘90 pc viruses come via e-mail’

  • Videocon Internet TV launched

  • Honda car sales rise 15.2 pc

  • Vatsa Corp tops complaint list

 

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Bajaj bike sales zoom 85 pc

Mumbai, January 2
Bajaj Auto Ltd (BAL) has recorded a 85 per cent growth in motorcycle sales at 62,379 units in December as 2001 as compared to 33,708 units during the same period last year.

Though December has traditionally been a low buying month, the company’s introduction of new models, like Pulsar in select markets and the Kawasaki Bajaj Boxer AT nationally, has given the boost to motorcycle sales, BAL vice-president (business development and marketing) R.L. Ravichandran said in a press note issued here today.

The motorcycle market share had also risen to more than 24 per cent in December 2001 (19.4 per cent in December 2000), he added.

The decline in scooter sales has been arrested with sales of 27,368 units (16,761) and a market share of 76.1 per cent, the company said adding the sales of ungeared scooters were lower at 3,903 units (4,236). The total two and three wheelers sales during the reporting month stood higher at 1,11,366 units (72,519).

In the nine-month period ended December, the combined two and three wheeler sales volume have crossed the 10 lakh mark.

Mr Ravichandran said the cyclical trend would reach its peak in the next quarter, which usually is the best period for auto sector. This together with launch of Chetak four-stroke, Legend NXT2, Pulsar 150 and Pulsar 180 cc makes us to look forward to further gains in volumes and market share. PTI
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Euro — wash it, but don't iron it

Berlin, January 2
Euro notes survive being washed at close to boiling temperatures but should not be ironed, a German daily said on Tuesday after its reporters put the new money through some everyday stress tests. The Bild newspaper found the notes looking as good as new, only wetter, after a half-hour wash at 95 degrees Celsius and a quick spin dry. They also survived being put through a tumble drier.

But when the notes were ironed, their shiny security strip, which displays their value, quickly became pockmarked. The notes' embedded security thread also burned when put through a microwave, Bild reported.

The notes changed colour and shrank briefly when dipped in red wine, but expanded again as they soaked up the fluid. Needless to say, the coins were completely destroyed when run over by a tram.

Shops charge handling fee

London
Some of Britain’s biggest retailers have been accused of profiteering by penalising shoppers who want to pay in euros, a British daily said today.

As 12 European countries embraced the single currency, some leading British stores were charging handling fees of up to 8 per cent, according to “The Independent”. Reuters, AFP

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MRF, Bridgestone top list

New Delhi, January 2
MRF was ranked highest in customer satisfaction along with multinational Bridgestone in a study conducted by consulting firm, J D Power Asia Pacific.

Both companies had an identical score of 742 points in the 2002 Tyre Customer Satisfaction Index (TCSI) study which examined customer satisfaction with original tyres at 12-18 months of ownership, a J D Power release said today.

Other tyre makers like Goodyear, JK Tyres and Ceat were ranked below the industry average of 736 index points.

“The top TCSI score for both Bridgestone and MRF was driven by strong performance on appearance and wearability, factors that contribute more than 75 per cent to the index,” Rajeev Lochan, Business Manager, J D Power Asia Pacific, said.

The 2002 study was based on feedback from more than 2,600 owners of 23 different models and overall performance was mainly assessed with respect to four factors — appearance, wearaibility, traction and highway performance.

This year, Goodyear and JK Tyres improved their performance compared to 2001. PTI

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SMS now for corporates

Bangalore, January 2
SMS or short messaging service is no more person-to-person. It is going bulk and cutting costs for corporates.

Bangalore-based Merit Systems' product, GIFTesms, allows companies to communicate practically on a minute-to-minute basis with its employees through the corporate network by sending bulk or even individual messages.

"If an airline wants to send an SMS to all its passengers that the flight is delayed by, say, two hours, all that it has to do is to get on to its corporate site and send a common message. It is a gateway between the corporate LAN and SMS," B.S. Gopal Rao, MD, Merit Systems, told IANS.

Forex dealers or stockbrokers could also use it for updates on currency fluctuations or share prices.

In the existing system, the cellular operator is alone able to send bulk messages.

The other advantage, unlike other SMS services, is that there is no need to load the software on every personal computer.

An employee or a manager can get on to the corporate site and send an SMS to all his colleagues from a cyber joint. That is, even if the staff member does not have a cell phone.

Or, for that matter, get e-mail alerts on the cell phone. It could be person-to-person or the opposite, bulk messaging. "We have integrated the SMS technology with the GSM technology and the organisational e-mail and SMS," adds Rao.

Most companies do not provide access to the web, but these allow access to the corporate e-mail. "GIFTesms integrates the intra communication with the external," says Rao.

Registered users can have their cell phones mapped to their respective mail accounts to receive SMS alerts about mail in their mailbox at regular intervals. Such users can also send e-mail messages from their cell phones.

Such messages will originate as an SMS message from their phones, reach GIFTesms software and be finally sent out as a regular e-mail.

"The precise communication will result in huge cost savings, increased operational efficiency and a palpable convenience in organisational communication," says Rao. IANS
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Sops for bee-keepers on paper?
Subhash Sharma

Kulu
Bee-keeping could not be made a viable profession in the district, though the Khadi and Village Industry Commission (KVIC) has announced many incentives in this field. The KVIC has identified Kulu district for developing the bee-keeping industry and providing employment to people. It has established a common facility centre in cluster programme here. The commission provides technical and financial assistance to farmers and bee-keepers to take up mellifera bee-keeping.

Kulu has a rich variety of ornamental plants, besides the wild flora and fauna. There are hundreds of beehives of ‘apis dorsata’ (rock bee or jungle bee) in the forests. Many villagers harvest honey from the dorsata colonies.

This correspondent talked to Mr Subhash Maudgil, a government employee who also pursues bee-keeping as his hobby. A physical education teacher, Mr Maudgil said he had been winning the first prize for the quality of honey from the Himachal Pradesh Horticulture Department for the past 13 years. He said he had been keeping honeybees for the past 33 years and learnt many things from their disciplined lifestyle.

Mr Maudgil claimed that honeybees travelled about 75,000 km and approached at least 8 lakh flowers to collect a litre of honey. The bees work from around 6 a.m. to 7 p.m., he said. He said there were three types of bees in a colony and they live like a family. The head of the family is known as the ‘queen’ who gives orders and reproduces. The second type is of the workers, whose functions range from collecting honey to guarding the colony from outside dangers. (Wild wasps and other insects try to steal the honey stored and also attack the honeybees). The third type of bees is of drones. These cannot even eat themselves and the worker bees feed them till the mating season. The queen lays about 1,500 eggs after three to four days of mating. After this, the workers stop feeding the drones, who die thereafter.

Mr Maudgil lamented that though the KVIC had announced various incentives, but the ground realities were far from the announcements. The basic items needed in the bee-keeping, like wax sheets, wooden frames and honey-extraction machines were not readily available.
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Duncans to shift tea business

Kolkata, January 2
Duncans Industries (DIL), will focus on fertilisers business only and the tea operations will be transferred to another group company.

According to a company plan, the tea operations will be first transferred to a group company, Shubh Shanti Services Ltd, after which this unit amalgamated with Santipara Tea Company belonging to the Duncan-Goenka group.

The Calcutta High Court has asked the management to conduct three separate meetings of shareholders of DIL and the two group companies to get their approval, company officials told PTI.

The officials said in the changing scenario of economic liberalisation, the reconstruction of the tea business would help the group to consolidate in the two areas.

According to the officials, there was considerable asymmetry between the tea and fertiliser businesses, as a result of which, the business reconstruction move was taken.

After the reconstruction, the two focus areas would be spearheaded by independent managements. PTI

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Sugarcane crushing begins
Our Correspondent

Sirsa, January 2
The crushing of sugarcane began in the recently constructed Ch Devi Lal Cooperative Sugar Mill at Panniwala Mota village in the district today. A ‘Havan’ organised on this occasion was attended by Deputy Commissioner Ankur Gupta.

The mill was constructed at a cost of Rs 45 crore in order to encourage the farmers to turn to this cash crop.

Managing Director Harish Chander Bhatia said in the current session, nearly 1.5 lakh quintal sugarcane was expected to be procured from the district.
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ROUND-UP


Reliance Ind results on Jan 31

New Delhi
Reliance Industries Ltd (RIL) will announce its unaudited financial results for the third quarter (October-December) of the financial year 2001-02 on January 31, 2002.

In the first half of current fiscal, RIL had sales of Rs 12,624 crore and the net profit of Rs 1,320 crore, a company statement said here.

Meanwhile, Reliance Petroleum Ltd (RPL) will announce its unaudited financial results for the third quarter of the current fiscal on January 30, 2002.

In the first half, RPL achieved a sales turnover of Rs 17,331 crore and the net profit of Rs 867 crore. PTI

Production of crude oil rises

New Delhi
Crude Oil production in the country rose marginally to 2.724 million tonnes in November, up from 2.707 million tonnes in the same month last year, the Petroleum Ministry announced today.

However, the cumulative production between April and November, 2001 was slightly lower at 21.236 million tonnes as against 21.658 million tonnes during the same period a year ago. A target of 32.503 million tonnes has been fixed for the current financial year. UNI

‘90 pc viruses come via e-mail’

New Delhi
Computer Associates today released its “2001 Top 10 Virus Threats” list, with the study indicating that over 90 per cent of the year’s top computer virus threats used e-mail as their primary means of propagation.

The list, based on reports tracked by the company’s anti-virus research centres, included viruses such as Win32. Badtrans, Win32. Sircam, Win32. Magistr, Win95. MTX and Win32. Goner amongst others, a company statement said. PTI

Videocon Internet TV launched

Indore
Electronic goods company Videocon International has launched Internet TV for the Indian market.

Announcing the launch of “first generation” Internet TV here yesterday, company president P.N. Dhoot said the company aimed at selling two to three lakh units in the current year.

“The year 2002 would see the manufacturing of Internet-based TV and appliances, monitors, DVDs with Internet and inverter-based high-tech airconditioners among others”, Mr Dhoot said. PTI

Honda car sales rise 15.2 pc

New Delhi
Honda Siel Cars India Ltd said today it had posted a 15.2 per cent rise in sales in December, 2001 at 839 cars over 728 cars in the year-ago month.

The sales, however, dropped by 4.5 per cent as compared to 879 cars sold in November last year.

Cumulative sales (April-December, 2001-02) went up 3 per cent to 7,459 units from 7,237 units a year ago. PTI

Vatsa Corp tops complaint list

Mumbai
Vatsa Corporation with 55 complaints remained on top of the list of corporates with highest number of complaints pending against them for more than two months as on December 31, 2001.

According an NSE release, other companies in the list were Enkay Texofood Inds Ltd (9), Maars Software International (9), Mafatlal Finance (7), Vikas WSP (7), Chennai Petroleum Corp (4), Hamco Mining & Smelting Ltd (4), Sterlite Inds (I) Ltd (4), Alipc Finance (3) and Dr Softech & Industries Ltd (3). PTI

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BIZ BRIEFS

Verticalnet
New Delhi, January 2
Red Apple Design, a UK based global e-marketing company, today announced it’s tie-up with Verticalnet Software, a Mumbai-based software solutions provider. Red Apple will provide back-end support services of data mining, international marketing, tele-marketing activities, etc to Verticalnet. TNS

Birla Sun Life
New Delhi, January 2
The Birla Sun Life Asset Management Company has declared 7.82 per cent dividend on its Dividend Reinvestment option in Birla cash-plus scheme. The record date for the weekly dividend of Rs 0.015 per unit was December 28, 2001 and would be tax-free in the hands of investors, a company statement said here today. PTI

Syndicate Bank
Manipal, January 2
Public Sector Syndicate Bank today launched e-banking. Announcing the launch at a function here, the bank Chairman and Managing Director D.T. Pai said within the next one month time, all major cities in the country, including Delhi, Mumbai, Kolkata, Chennai and Bangalore, would be interconnected with networking system to provide most quick and efficient modern services like Internet banking and tele-banking to the customers. UNI

Hero Honda
New Delhi, January 2
Credit rating agency Icra has reaffirmed the highest safety rating ‘LAAA’ assigned to the Rs 15 crore non-convertible debenture programme of Hero Honda Motors Ltd. PTI

Whirlpool
New Delhi, January 2
Whirlpool India Ltd today announced its foray into the cooking range market with the introduction of Magicook. Magicook has a special convection system in the oven that ensures uniform circulation of heated air, said Mr Ashok Bhasin, vice-president (Marketing) of the company. UNI

Wipro results
Mumbai, January 2
Wipro’s Board of Directors will meet on January 17 and 18 to consider and approve, inter-aila, the audited accounts for the quarter-ended December 31, 2001. UNI

IDBI Bank
Amritsar, January 2
The fifth branch of the IDBI Bank in Punjab was inaugurated here today while the bank is soon to launch its Jalandhar branch. The bank is currently running eight ATMs. Ms Ragini Atal, Regional Head, was present. OC

Canara Bank
Bangalore, January 2
Canara Bank today announced interest rate cuts ranging between 0.5 per cent and 1.25 per cent on its “popular” personal loan schemes. PTI

Hudco rates
New Delhi, January 2
After SBI and HDFC, Hudco today slashed interest rates on housing loans by 0.25 per cent for loans above Rs 20 lakh. Hudco, which recently mopped up Rs 80 crore through private placement of bonds, is now offering loans at interest rates in the range of 11.50-12.25 per cent. PTI
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