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Friday, December 10, 2004

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RESEARCH & DEVELOPMENT
NeST plans photonics research facility in Kochi
THE NeST Group, a Kochi-based electronics and computing company, plans to set up a research and development centre for photonics here, its Chairman, Dr Javad Hassan, has said. The proposed centre would act a bridge between academy and industry ... More

KE-Burgmann to move more R&D to India
KE-BURGMANN, a leading manufacturer of expansion joints, is looking at expanding opportunities outside its home, Denmark. The company's Managing Director, Mr Finn Jacobsen, told presspersons here on Thursday, that it was also shifting out its ... More

ANNOUNCEMENTS
Padmalaya Tele board okays revised accounts
PADMALAYA Telefilms Ltd has informed the stock exchanges that its board of directors at its meeting held on Monday has approved the audited figures of the revised financial results for the year 2003-04. Further, the company has informed the ... More

JK Ind dividend plan
NEW DELHI: The board of directors of J.K. Industries Ltd are to meet on December 23 to consider recommendation of dividend on the equity shares of the company for the financial year ended September 30, 2004. The company has sent a ... More

PREFERENTIAL ALLOTMENTS
Zodiac Clothing's pref allotment
MUMBAI: Zodiac Clothing Company Ltd has informed the Bombay Stock Exchange that the board-constituted committee of board of directors has approved the allotment of one lakh equity shares to Matterhorn Ventures, three lakh equity shares to ... More

CORPORATE DISPUTES
Calcutta HC stays search proceedings against Lodha
MR Justice S. P. Mitra of Calcutta High Court has stayed all proceedings of the lower court in connection with the issuance of search warrant proposed to be served against Mr R.S. Lodha, a member of M. P. Birla Trustee Board. Mr R.P. Pansari ... More

MERGERS & ACQUISITIONS
BPCL-KRL merger: ICICI Securities, N.M. Raiji to carry out due diligence
ACCOUNTING firm N.M. Raiji & Co and ICICI Securities have been mandated to conduct the due diligence for the merger of Kochi Refineries Ltd with Bharat Petroleum Corporation Ltd. N.M. Raiji & Co will do the due diligence of Bharat Petroleum f More

Videocon-Petrocon amalgamation
MUMBAI: Videocon Industries Ltd has informed the BSE that its board of directors has approved the scheme of amalgamation of Petrocon India Ltd with the company and the valuation of the shares together with the exchange ratio determined and ... More

NEW PROJECTS
Phoenix Lamps to expand capacity, eyes 20% growth
PHOENIX Lamps Ltd, a leading manufacturer of automotive lamps and compact fluorescent lamps, is planning to set up two new manufacturing units in order to achieve its target of becoming a Rs 500-crore player by 2008. According to Mr H.R. Gupta, ... More

Brakes India plans Rs 100-cr capex — Assembly facility may be set up in Pune
BRAKES India Ltd plans to invest upwards of Rs 100 crore during the current year to ramp up production. It is also planning to establish an assembly facility in Pune to cater to the demands of the automobile sector in the Western region. ... More

Jindal Stainless wraps up funds for Orissa project
JINDAL Stainless Ltd on Thursday announced financial closure of its ongoing project in Orissa. The project, estimated to cost Rs 950 crore, was funded with a debt component of Rs 630 crore. In the first phase, Rs 200 crore non-convertible ... More

ALLIANCES & JOINT VENTURES
Move to amend Press Note 18 — FICCI for `sunset clause' with five-year cooling-off period
THE Federation of Indian Chambers of Commerce and Industry (FICCI) has said that the Government's move to amend Press Note 18 should be accompanied by a `sunset clause', allowing for a cooling-off period of five years. This, according to the ... More

INTERVIEW
`Going digital will benefit cable industry, consumers'
THE challenges of television distribution will have to be met headlong by the cable TV industry. ``If it does so, the result would be the emergence of FDI and fresh capital infusion in cable TV industry and therefore, the emergence of a ... More

EVENTS
CCFA Alumni meet in Hyderabad
HYDERABAD: The Council of Chartered Financial Analysts (CCFA) will hold its alumni meet on Friday, according to its Member Secretary, Mr Sanjay Ramchandani. The Council was established in 1989 as a non-profit society to develop the ... More

STANDARDS & BENCHMARKS
Ranbaxy Fine Chem gets ISO certification
RANBAXY Laboratories Ltd today said that its allied business division, Ranbaxy Fine Chemicals Ltd (RFCL), has been awarded ISO14001:1996 Certification from TUV Suddeutschland India. This puts RFCL amongst the few global companies in the chemical ... More

SICK UNITS
IDBI to advertise for change in Southern Ferro management
SOUTHERN Ferro Ltd (SFL) seems to be set for a management change. The Board for Industrial and Financial Reconstruction has directed IDBI to advertise for change in management of SFL. Noting that despite the lapse of considerable time and ... More

OUTLOOK
Nasdaq bullish on Indian cos
FOLLOWING the signs of improving markets across the globe, the Nasdaq Stock Market, which has captured over 83 per cent of the US IPOs market, is now bullish on attracting good number of Indian companies to raise funds in the US market and get ... More

Metaljunction aims to make BPO its mainstream business
IN pursuance of its objective to emerge as a BPO company in the steel sector, Metaljunction Services Ltd (MSL) - the public limited avatar of the erstwhile MetalJunction.com Pvt Ltd - will offer end-to-end solutions for collection and sale ... More

Pragati(Hyd) upbeat on BPO in printing solutions sector
PRAGATI Offset Pvt Ltd is bullish on business process outsourcing opportunities in the printing solutions arena for the Indian companies, according to its Chief Executive Officer and Joint Managing Director, Mr Paruchuri Narendra. He was ... More

India Inc heads optimism chart again, says survey
INDIAN businessmen appear to be the most optimistic about the prospects of the country's economy. And what is heartening is that this is so for the second successive year. The initial results of the 2005 International Business Owners Survey ... More


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Top Stories
TRAI wants to be heard on licence fees for ISPs


Powerloom weavers seek lowering customs duty on raw cotton

Brakes India plans Rs 100-cr capex — Assembly facility may be set up in Pune

Move to amend Press Note 18 — FICCI for `sunset clause' with five-year cooling-off period

Nasdaq bullish on Indian cos

Polymer prices fall further

Air Deccan to reveal aircraft acquisition plans in early Jan

KVIC deserved a better deal

Looking back
Nov. 28-Dec. 4
GAIL in talks for stake in China Gas — Plans Rs 2,000 cr investments in Russia

UB offers Rs 131 cr for Chhabria's stake in Herbertsons — Files application before SC

Reliance Info to challenge penalty

Maruti sales rise 7.8 pc in November

Reliance row: Will shareholder interests be the first casualty?

India Inc makes inroads into Africa — Auto majors, pharma cos join the fray


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