The Hindu Business Line : Thursday, February 24, 2005

NTPC gets board nod for Rs 8,693-cr Barh power plant
NATIONAL Thermal Power Corporation (NTPC) has approved investments of about Rs 8,693 crore for the 1,920-MW Barh Super Thermal power plant. The board of directors of the company approved the investment proposal comprising Rs 4,887.12 crore and ... More

L&T bags Rs 130-cr order from Kuwait Olefins
LARSEN & Toubro has won an order worth Rs 130 crore from Kuwait Olefins Company KSC, Kuwait, a joint venture between Dow Chemical Company, US and PIC Kuwait. The order is for supply of a tubular reactor system. It will be executed by L&T's . More

Avon Organics allots warrants
AVON Organics Ltd (AOL), the city-based pharmaceutical company, has informed the stock exchanges that its allotment committee at its meeting on Friday approved and allotted 15-lakh warrants convertible into 15-lakh equity shares to the promoters. ... More

Bosch CRDi for M&M's new Scorpio
AUTO parts company Mico said it has supplied its first locally applicated common rail diesel injection system (CRDi) for Mahindra's newly launched Scorpio 2.6 Turbo. A press statement from Mico on Wednesday said Mahindra and Mahindra with Mico ... More

OPEN OFFERS

Pantaloon makes open offer for 20% in Galaxy
PANTALOON Retail India has informed Bombay Stock Exchange that it is making an offer to the shareholders of Galaxy Entertainment Corporation Ltd to acquire 25.42 lakh fully paid equity shares of Rs 10 each, representing 20 per cent of the post ... More

MERGERS & ACQUISITIONS

TVS Logistics buys UK co CJ Components
TVS Logistics now has access to a wider client base in Europe and the UK company gains access to manufacturers in India and components suppliers here reach clients in Europe. More

Fidelity, others take 5% stake in D-link
FIDELITY International, FMR Corp and their subsidiaries have acquired shares in D-Link (India) Ltd amounting to 5.02 per cent stake in the latter. The combined holding of these investors in D-Link is now 15,07,700 equity shares. It is not ... More

IOC in talks to acquire French co Maurel & Prom
INDIAN Oil Corporation, the country's largest oil refiner, is negotiating to snap up the French exploration company Maurel & Prom (M&P). "We are in talks since October last year with Maurel & Prom to acquire the company and the negotiati More

NEW PROJECTS

TVS Motor plans units in Indonesia, Himachal Pradesh
TVS Motor Company's board of directors today approved the company's investment in three greenfield plants, involving a total outlay of Rs 415 crore. One is a manufacturing facility in Indonesia, with an initial capacity to produce 1.2 lakh ... More

ALLIANCES & JOINT VENTURES

Mahindra ties up with Renault — Joint venture to make Logan cars in India
MAHINDRA & Mahindra Ltd (M&M) on Wednesday announced a 51:49 joint venture with Renault, to produce and sell the latter's car, Logan, in India. Separately, discussions are on between the two parties to sell M&M SUVs abroad through the Fre More

DIVERSIFICATION

Liberty to diversify into ceramics biz
FOOTWEAR major Liberty Group has planned to diversify into ceramics business as part of new business initiatives. The group has lined up an investment of Rs 30-40 crore for this initiative and has set up a ceramics plant at Neemrana in Alwar, ... More

OUTLOOK

L&T bullish on embedded software, engg services
THERE are many who look upon outsourcing of engineering services as the next golden goose for software companies. It is indeed turning out to be so for Larsen & Toubro, the country's largest engineering company. L&T has identified embedded . More

Sami Labs eyes Rs 2,000-cr turnover in five years
SAMI Labs Ltd (SLL), the Bangalore-based Rs 250-crore nutraceuticals company, has firmed up a short-term business plan of reaching Rs 450-crore turnover by next year-end and a long-term plan of attaining Rs 2,000-crore turnover in the next five ... More

PEOPLE

Narayana Murthy B-Schools' favourite, again
INFOSYS Chairman and Chief Mentor, Mr Narayana Murthy, has emerged as India's most admired business leader, for the fourth consecutive year, in a survey conducted by Brand-comm, a Bangalore-based brand consulting, advertising and PR firm. The ... More

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TVS Motor plans units in Indonesia, Himachal Pradesh

Eligibility limit for special discount raised to Rs 15 cr — IRDA revises norms on broking commissions

Narayana Murthy B-Schools' favourite, again

Desi crude futures flare up

Rlys working out ways to increase freight volumes

In Focus

BHEL Disinvestment

The Yuan Revaluation

Dabhol power regenerated