The Hindu Business Line : Saturday, May 14, 2005

Tata Group to foray into pharma research
THE Tata Group on Friday announced that it is making a foray into pharma research. Having exited the manufacturing and marketing segment of the pharmaceutical industry a few years ago, the Tata Group is entering the drug discovery and ... More

SAIL's Raw Material Division to raise production
THE Raw Materials Division (RMD) of Steel Authority of India Ltd (SAIL) has plans to increase its production from the existing level of 12.94 million tonnes (mt) to 20 mt by 2011-12. The move will help RMD meet the increased raw material ... More

CORPORATE DISPUTES

Division of assets: Ambanis to resume talks after May 21
THE talks for settling the Reliance family feud is expected to gather momentum with Mr Anil Ambani slated to resume formal negotiations in this regard after May 21. Informed sources said the Ambani brothers, Mr Mukesh and Mr Anil, would ... More

AWARDS & HONOURS

ONGC gets corporate governance award
AN international jury headed by Dr Ola Ullsten, former Prime Minister of Sweden, selected Oil and Natural Gas Corporation Ltd as the winner of the `Golden Peacock Global Award for Corporate Governance for the Emerging Economies (Public Sector)' ... More

ACCOUNTANCY

ICAI seminar on WTO issues in Hyderabad
HYDERABAD: The Institute of Chartered Accountants of India (ICAI) is organising a day-long national seminar on `Emerging Professional Opportunities in the WTO Regime' on Saturday. Speaking to newspersons, Mr S. Gopalakrishnan, ICAI ... More

RESTRUCTURING

Haldia Petro's debt recast, Basell investment cleared
THE empowered group of the corporate debt restructuring (CDR) of banks and financial institutions, which met in Mumbai on Friday, has cleared the debt restructuring package of Haldia Petrochemicals Ltd (HPL). The issue was hanging fire for a long ... More

NEW PROJECTS

Posco keen on setting up steel plant in Orissa
THE South Korean steel major Pohang Steel Company (Posco) on Friday reiterated its commitment to set up a 12-million-tonne-per-year steel project in Orissa and hoped that the State Government would execute the memorandum of understanding for the ... More

ALLIANCES & JOINT VENTURES

GAIL-IOC in pact for gas supply in Lucknow, Agra
GAIL (India) Ltd and Indian Oil Corporation Ltd (IOC) have signed a joint venture agreement for implementation of city gas projects in Agra and Lucknow. The agreement was inked by Mr Proshanto Banerjee, Chairman and Managing Director, GAIL and ... More

OUTLOOK

Hyundai India to launch redesigned Sonata soon
A COMPLETELY redesigned Sonata sporting a more advanced engine is all set to hit the Indian roads shortly. The new Sonata will be the first of the three models that are now being redesigned. A new Accent, an entry-level mid-size car, is due for ... More

Eastern Silk hopes to complete merger process shortly
EASTERN Silk Industries Ltd (ESIL) expects to complete all formalities in the next few months regarding the implementation of a scheme of amalgamation of Eastern Jingying Ltd and Sstella Silks Ltd with it. The company has received approval of ... More

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