The Hindu Business Line : Thursday, April 14, 2005

Siemens bags Rs 250-cr order
MUMBAI: Siemens Ltd has bagged electrical and automation contracts worth Rs 250 crore for Neyveli Lignite Corporation's mine expansion project. Siemens bagged these orders from three machinery suppliers associated with the mine ... More

GSK to expand clinical trials
BANGALORE: GlaxoSmithKline (GSK) Pharmaceuticals Ltd said on Tuesday that it is expanding its clinical trial data management, analyses and reporting activities in India. The Managing Director of GSK India and Vice-President, South Asia, ... More

IVRCL bags Rs 1,737-cr order
HYDERABAD: IVRCL Infrastructures & Projects Ltd (IVRCL), the Hyderabad-based infrastructure major, has announced that it has bagged an Rs 1,737-crore contract from the Andhra Pradesh Government for execution of Sripada Sagar Projects ... More

OVERSEAS BORROWINGS

Strides EGM clears FCCB
BANGALORE: Strides Arcolab Ltd has informed the BSE that the EGM held on Tuesday approved the issue of $40 million (about Rs 170 crore) worth of FCCBs or such other similar securities including green shoe option on the stipulated terms and ... More

INSIGHT

Exit `meetings', enter `e-conferencing'
An electronic conference lends itself as an effective and equitable technique, wherein the managers may pool their knowledge about every employee and evaluate their merits and demerits. It is an ideal and appropriate forum to meet and manage the mass ive and multiple needs of employee education and training in large organisations. More

COURTS/LEGAL ISSUES

UB not to pursue SWC case over BDA
THE UB Group has disclosed that it has decided not to pursue the legal case initiated by Shaw Wallace & Co Ltd (SWC) to regain control of the Kishore Chhabria-managed BDA Ltd, which owns the popular Officers' Choice Whisky. SWC, under its late .. More

MERGERS & ACQUISITIONS

IOC to invest Rs 5,800 cr in new projects
INDIA Oil Corporation Ltd (IOC), which is aiming to become a $60-billion company from the current turnover of $35 billion, proposes to invest over Rs 5,800 crore in new projects during the current fiscal. Addressing a press conference here on ... More

Govt calls for Neelachal Ispat stakeholders' meet
THE Union Steel Ministry has called for a meeting of all stakeholders in Neelachal Ispat Nigam Ltd (NINL) in the latter half of this month to discuss SAIL's proposal to pick up a `strategic equity stake' in the company. Following the approval ... More

NEW PROJECTS

Sundram Fasteners' China unit takes off — Zhejiang plant starts third shift
NO.1 Sundram Road, Wuyuan Town, Zhejiang, China, will see more activity from next week, as Sundram Fasteners' Chinese plant will start working a third shift — a reflection of the unit's growing order book. In the period between September ... More

Godrej Security plans Rs 20-cr expansion
GODREJ Security Equipment Division, which offers a range of physical security products and fire doors, is planning to invest Rs 20 crore in the coming three years for expanding its manufacturing facility in Mumbai. "We plan to invest Rs 20 ... More

ALLIANCES & JOINT VENTURES

XPS Global in pact with Chinese freight co
XPS Global, part of Rs 850-crore Transport Corporation of India Group, and Zhenhua Logistics Group Company Ltd, China's leading freight forwarder, have tied up to provide international freight, custom clearance and other logistic services for ... More

SOCIETY & DEVELOPMENT

ONGC to launch CSR project next week
AS part of the President, Dr A.P.J. Abdul Kalam's Vision 2020, ONGC will launch its Corporate Social Responsibility (CSR) project on providing urban amenities in rural areas (PURA) on April 18. The project will start with a seed money of Rs 10 ... More

OUTLOOK

Nicholas Piramal researching anti-AIDS effect in cancer drug
THE prospective cancer drug being developed by Nicholas Piramal India Ltd (NPIL) is also being researched for an alternate indication in the anti-AIDS segment. The molecule is found to be effective in stopping the multiplication of errant cells ... More

IOC plans to develop gas field in Iran
INDIAN Oil Corporation Ltd (IOC) and Petropars, Iran, have submitted a joint proposal to the National Iranian Oil Company (NIOC) for developing an upstream block in South Pars gas field and setting up of LNG (liquefied natural gas) liquefaction ... More

Vizag Steel Plant mulls IPO for expansion
VISAKHAPATNAM Steel Plant plans to double its capacity from the present 3.2 million tonnes, and may go in for an IPO after two years to part-finance the project, depending on the market conditions then, according to the Chairman and Managing ... More

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Pick a Winner Stock Market Contest

Petro product sales up 1.2% in March; diesel demand falls

Sundram Fasteners' China unit takes off — Zhejiang plant starts third shift

FDI enquiries building up for mid-tier realty cos

Sourav remains brand endorser, but new offers have to wait

Sugar production in UP may touch 48 lt

Crude futures slide 9-10 pc at MCX

In Focus

BHEL Disinvestment

China's revaluation