Financial Daily from THE HINDU group of publications
Friday, April 22, 2005

News
Features
Stocks
Port Info
Archives
Google

Subscription

Group Sites

CORPORATE

ANNOUNCEMENTS


Hanil Era Textiles increases weaving capacity
THE Rs 120-crore Hanil Era Textiles Ltd has increased its weaving capacity to 108 looms from the earlier planned 72-loom expansion announced in January. In a press release, Mr R. K. Agarwal, Chairman, Hanil Era Textiles, said: "We have also ... More

Agilent Tech to launch genomic solutions for biotech market
AGILENT Technologies on Thursday said it was launching its DNA microarray-based genomic solutions in the country for the growing biotechnology market. The company is a leading player in drug development and drug manufacturing, in the ... More

Siemens bags order from PowerGrid
SIEMENS Ltd has bagged a Rs 147-crore order from PowerGrid Corporation of India for turnkey transmission sub-station project at Seoni in Madhya Pradesh. The company will be providing turnkey sub-stations, having voltage levels of 765 kV, 400 ... More

Astra Micro bags ECIL order
HYDERABAD: Astra Microwave Products Ltd has bagged order worth Rs 14.56-crore from Electronics Corporation of India Ltd (ECIL) for supply of `Front end' with antenna for defence communication project, the company informed stock exchanges. ... More

Ind-Swift stock split
NEW DELHI: Ind-Swift Ltd has decided to split its Rs 10 share into five equity shares of Rs 2 each. This was approved at the company's extra-ordinary general meeting held in Chandigarh on Thursday. In a statement, the Chairman, Dr G. ... More

MERGERS & ACQUISITIONS


Patel Engg looking for tech expertise in overseas buys
PATEL Engineering Ltd (PEL) is looking for overseas acquisitions of technology-driven construction companies to bring new technologies into the Indian market. About seven years ago, the company had acquired ASI of the US to bring RCC (roller ... More

Dishman Pharma acquires UK co
MUMBAI: The Ahmedabad-based Dishman Pharmaceuticals and Chemicals Ltd has informed the stock exchanges that it has acquired an UK-based contract research company called Synprotec Ltd, through its subsidiary company, Dishman Europe ... More

NEW PROJECTS


Indroyal sets up EoU at Kinfra
INDROYAL group, a manufacturer of fashion furniture with operations in the United Arab Emirates (UAE) and China, besides South India, has set up a 100 per cent export-oriented unit (EoU) at Kinfra Apparel Park here. The unit, set up to tap ... More

TI to set up steel plant in Orissa
CHENNAI: Tube Investments of India Ltd, part of the Murugappa group, is setting up an integrated steel plant in Orissa, for which the company signed an agreement with the Orissa Government on Thursday. The plan is to set up a ... More

REGULATORY BODIES & RULINGS


Panel pulls up GAIL for not cancelling tender
GAIL (India) Ltd has been pulled up by a Parliamentary panel for non-compliance with a Presidential Directive cancelling the tender for Dahej-Uran Pipeline Project (DUPL) and issuing fresh tenders. The Standing Committee on Petroleum & ... More

ALLIANCES & JOINT VENTURES


Jindal Stainless Q4 net rises to Rs 92.89 cr on higher margins — To form joint venture with Italian Steelway
JINDAL Stainless Ltd today reported a net profit of Rs 92.89 crore for the fourth quarter ended March 2005, registering a 239.01 per cent increase compared to the corresponding quarter in the previous fiscal, mainly due to higher margins. The ... More

Suzuki's proposal for new jt venture with Maruti gets Govt clearance
THE Government on Thursday cleared Suzuki Motor's proposal for setting up a new joint venture with Maruti Udyog Ltd for manufacture and sale of some of its four-wheelers with a 30 per cent foreign equity participation amounting to Rs 12 ... More

Pyramid-Saimira group ties up with Taiwan company
CHENNAI-based Pyramid-Saimira group has signed a MoU with Delta Electronics Inc of Taiwan for "design, development and sourcing of projectors for digital cinema market in India". "E-cinema in India has, so far, been only talked about, but has ... More

INTERVIEW


`We plan to focus on US, European markets'
ESSEL Propack Ltd (EPL) would continue to look at a combination of acquisitions, brownfield and greenfield expansions, as a route to growth. In terms of geographies, EPL plans to focus on the US and the European markets. According to Mr R. ... More

OUTLOOK


Jindal Vijayanagar bags tender to mine iron ore in TN
THE Jindal group has bagged the tender to mine iron ore in Salem district of Tamil Nadu. The iron ore will be supplied to Southern Iron and Steel Co Ltd (SISCOL), an integrated steel mill near Salem, in which the Jindal group acquired a ... More

PERFORMANCE


Hybrid seeds put DuPont on double-digit growth path
EI DuPont India Private Ltd, a subsidiary of the US-based EI du Pont de Nemours and Company, on Wednesday said that it was registering a double-digit growth, averaging 30 per cent in the country. It was clocking total revenue of around $300 ... More

PEOPLE


New BHEL Tiruchi chief
MADURAI: Dr V. Gopalakrishnan, Group General Manager, heading Planning and Development Group at the Corporate Office in New Delhi, assumed charge as the Chief of the Bharat Heavy Electricals Ltd (BHEL) at Tiruchi on Wednesday. Graduating ... More

Kewal Handa is new Pfizer MD
MUMBAI: Pfizer Inc, USA, promoters of Pfizer Ltd, has nominated Mr Kewal Handa as the Managing Director of the company. The nomination will be placed before the board for their approval on April 28. Mr Handa is the Executive Director ... More

TRENDS


Bajaj Auto taking vendors to Dubai on 2-day trip
LIFE is a picnic for the 200-strong vendor community of Bajaj Auto Ltd or at least it will be for a couple of days in end-April — the entire lot takes off on an all-expense-paid trip to Dubai, courtesy Hamara Bajaj. The entire top ... More
Scoreboard
SE Diary


Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
Pick a Winner Stock Market Contest

Top Stories
Sara Lee to supply shoe-care range for major global markets


Textile companies move to keep up with global trends

Pakistan may send rly officials here for training

Software czars, economists and other animals

Bank deposits losing favour with NRIs

Telecom firms ask TRAI to review order on roaming

Aircraft acquisition: AI board to meet in Mumbai on April 26

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Apr. 10-Apr. 16
Ahill to widen garment range, enter Lanka

Coal India sets production target of 343 mt for '05-06

`CIAL is now a cash-rich company'

Simbhaoli plans new model to double capacity

Srei inks deal with Tatas for 10,000 vehicles

Tata Steel plans capacity expansion at units in China

Apollo Tyres hikes prices by 3-4 pc

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

Bharat Forge approves $100-m GDR issue


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line