TVS, Bajaj patent battle rages on
The stand-off between Bajaj Auto and TVS Motor Co over the alleged patent infringement continues with both the companies sticking to their positions, reports PTI from New Delhi.
“All I can say is we are confident of what we are doing. We are the most tax savvy company,” TVS Chairman & Managing Director Venu Srinivasan told reporters on the sidelines of SIAM Annual Convention here. He, however, declined to comment on the company’s future course of action saying, “We are taking the advise of our counsel.” Mr Srinivasan said Flame — the new 125 cc bike by TVS Motor — is practically ready to sell and will be out in November.
Meanwhile, Bajaj Auto Managing Director Rajeev Bajaj said the company would wait for TVS’s Flame to be out to decide on future course of action. “We have no overwhelming desire or fondness to go to the court,” Mr Bajaj said. TVS, Bajaj patent battle rages on
The stand-off between Bajaj Auto and TVS Motor Co over the alleged patent infringement continues with both the companies sticking to their positions, reports PTI from New Delhi.
“All I can say is we are confident of what we are doing. We are the most tax savvy company,” TVS Chairman & Managing Director Venu Srinivasan told reporters on the sidelines of SIAM Annual Convention here. He, however, declined to comment on the company’s future course of action saying, “We are taking the advise of our counsel.” Mr Srinivasan said Flame — the new 125 cc bike by TVS Motor — is practically ready to sell and will be out in November.
Meanwhile, Bajaj Auto Managing Director Rajeev Bajaj said the company would wait for TVS’s Flame to be out to decide on future course of action. “We have no overwhelming desire or fondness to go to the court,” Mr Bajaj said.
Mukand’s JV with Belgium co
Mukand Ltd on Wednesday signed an agreement with NV Bekaert SA, Belgium to form a joint venture company to produce stainless steel wires in India. The new 50:50 joint venture with an investment of Rs 100 crore will be christened Mukand Bakaert Wire Industries Ltd, said Mukand’s Co CMD Rajesh Shah in Mumbai. The JV will have a debt-equity component of 1:1 and a paid up capital of Rs 50 crore, he said.
Dell launches cheaper laptops
Dell India has recently launched its Vostro range of notebooks and desktops which are built with a focus on professional design, quality and value and customised to meet the needs of small businesses worldwide. Among new notebooks the Dell Vostro 1000, priced at Rs 31, 900, is designed for everyday productivity. The features include 15.4” display, dual core AMD processors, up to 2GB of memory, up to 120GB hard drive, 3-1 media card readers, and choice of Windows Vista or Windows XP.
Dell also launched desktop Vostro 200, priced at Rs 20, 900, available in mini and slim-tower form factors with Intel-powered processor aimed at small and medium businesses.
SBM bags special national award
State Bank of Mysore announced on Wednesday in Bangalore that it has bagged the special award under national awards for excellence in lending to micro enterprises for the year ‘06-07. SBM’s Managing Director P P Pattanayak received the award from Minister for Micro, Small & Medium Enterprises, Government of India, Mahabir Prasad at New Delhi.
