Financial Daily from THE HINDU group of publications
Thursday, May 12, 2005

News
Features
Stocks
Port Info
Archives
Google

Subscription

Group Sites

CORPORATE

ANNOUNCEMENTS


Labland Biotechs to supply jatropha saplings to Saudi Arabia
A LOCAL bio-technology company will supply jatropha saplings, a source of bio-fuel, to Saudi Arabia under an agreement with the London-based bio-diesel supplier, D I Oils. Mr Sudheer Shetty, Managing Director of Labland Biotechs, said his ... More

Bajaj Auto working on 4-wheeled goods carrier
IN yet another instance of the blurring margin between two-wheeler and four-wheeler players in the race to service the bottom end of the market, Bajaj Auto Ltd (BAL) has fired the first official salvo at the prospects of an unchallenged rule by ... More

VISA Ind becomes VISA Steel
Following approval of the change in the company's name by its board of directors, the same has been approved by the Union Government as well. According to a press release issued by the company, the name change would now reflect its core ... More

OVERSEAS BORROWINGS


Bajaj Hindusthan raises $100 m
NEW DELHI: Bajaj Hindusthan Ltd said on Wednesday it has raised $100 million through the issue of global depository receipts (GDRs) and foreign currency convertible bonds (FCCBs) and will be listed on the Luxembourg Stock Exchange. The ... More

COURTS/LEGAL ISSUES


Priyamvada will: Birlas to appeal against discharge of caveats
THE Birlas prayed for leave to move an appeal on Wednesday in the Division Bench of the Calcutta High Court comprising Mr Justice Pinaki Chandra Ghose and Mr Justice P.N. Sinha in the matter pertaining to the discharge of the caveats of the ... More

FINANCIAL PERFORMANCE


BOC India to pay 15 pc dividend
KOLKATA: The board of directors of BOC India Ltd, at a meeting held here on Tuesday, recommended 15 per cent dividend for the year ended March 31, 2005, including a 70th year celebration dividend of five per cent, according to company ... More

RESTRUCTURING


Padmalaya Tele on revamp mode
AS part of a major restructuring exercise, Padmalaya Telefilms Ltd has rolled out a strategic business plan aimed at consolidating existing operations and synergistically enlarging their scope. On the film production front, the company has ... More

MERGERS & ACQUISITIONS


Agro Tech board clears sale of equity stake in Advanta Finance BV
THE board of directors of Agro Tech Foods Ltd (ATFL) has at its meeting on Wednesday approved the sale of investment in the equity shares of Advanta India Ltd in favour of the Netherlands-based Advanta Finance BV at a total consideration of Rs ... More

Usha Martin eyes acquisitions in US
USHA Martin Ltd, which has operations in Dubai, Thailand and the UK, is now looking at a couple of opportunities for acquisition in the US. The company is looking for a plant with an ideal capacity of 500 tonnes per month, said Mr Prashant ... More

Reliance Energy arm to pick up stake in Gini & Jony
THE investment arm of Reliance Energy plans to acquire 25 per cent equity stake in kidswear firm Gini & Jony. However, details on how much the investment will cost is not known. According to a source, the company is expected to make an ... More

REGULATORY BODIES & RULINGS


Ministry orders prosecutions against Xerox Modicorp
THE Ministry of Company Affairs (MCA) has initiated prosecutions against Xerox Modicorp Ltd, the Indian subsidiary of Xerox Corporation, for violations under the company law based on the recommendations of the independent investigator appointed ... More

ALLIANCES & JOINT VENTURES


Kolkata-based jeweller ties up with IGI
CITY-based jeweller, B.S. Sethia & Sons, has tied up with the International Gemmological Institute (IGI) for offering certified products to customers. The tie-up will allow buyers access to IGI-certified jewellery. IGI, it is pointed out, is an . More

Codexis signs pact with Shasun Chem
CODEXIS Inc and Shasun Chemicals and Drugs Ltd, on Wednesday announced the signing of a manufacturing and supply agreement for a pharmaceutical intermediate for a generic drug. The process was developed using Codexis' biocatalytic technology ... More

EVENTS


Greentech meet begins in Hyderabad
HYDERABAD: The fourth annual Greentech International Conference and Exhibition with a focus on occupational health, fire, safety and security began here on Wednesday. Mr S.C. Mithal, Vice-President and Unit Head of Shriram Alkalies and ... More

SOCIETY & DEVELOPMENT


Co-op for rag-pickers in Vizag
VISAKHAPATNAM: The Hindusthan Coca Cola, the Visakhapatnam Municipal Corporation and two other local organisations have combined to set up a co-operative for rag-pickers (christened street beautifiers) to encourage them to pick up plastic ... More

OUTLOOK


Hyundai awaits TN Govt clarifications for expansion
HYUNDAI Motor Company is waiting for clarifications on a number of issues from the Tamil Nadu Government to complete its feasibility study for the proposed expansion at Hyundai Motor India Ltd, its fully-owned subsidiary. These clarifications ... More

Sujana Metal to expand capacity
HYDERABAD: Sujana Metal Products Ltd is exploring ways to increase capacities in its galvanised steel division, which caters to transmission tower requirement of basic and cellular telecom operators and electricity transmission companies ... More

PEOPLE


T.T. Vasu passes away
MR T.T. Vasu, industrialist, passed away after a brief illness on Wednesday. He was 76. He was the last of the four sons of former Finance Minister T.T. Krishnamachari. Mr Vasu was a multi-faceted personality, with interests not just in ... More

Vinod Garg in new CMD of PFC
NEW DELHI: Dr Vinod Kumar Garg on Wednesday assumed charge as Chairman and Managing Director of Power Finance Corporation Ltd (PFC). Prior to joining PFC, Dr Garg was the Director (Finance) of Power Grid Corporation of India Ltd from ... 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
FDA chief transferred in reshuffle


Hyundai awaits TN Govt clarifications for expansion

Microsoft, TCS team up for BT Retail project

`Mud slinging is an occupational hazard'

Automobile sales top Rs 1,10,000 cr in value terms

Japan alert on banned antibiotics — Govt steps up vigil on shrimp shipments

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
May. 1-May. 7
Murugappa group plans to invest Rs 650 cr in capacity expansion

Tata Motors sub-one tonne CV Cub to roll out on Friday

Leyland to float company to trade in used trucks

TAFE emerges second in tractor sales

Lupin ties up with Cornerstone for anti-infective

Tata unveils mini truck

CAG finds fault with surplus land sale of NTC unit


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