The Hindu Business Line : Sunday, May 15, 2005

Somany Tiles to market Turkish company products
SOMANY Tiles has announced that it has acquired the exclusive rights in India for importing and marketing the products of the Turkish flagship company of the $750-million Kale Group, Kaleseramik. At present, the partnership entails ... More

Pantaloon Retail opens 3 outlets in a single day
PANTALOON Retail (India) Ltd on Saturday announced the opening of three outlets, spread over 1.3 lakh square feet. The company opened two Big Bazaar outlets in Kandivili (65,000 sq ft) and Thane (50,000 sq ft) in Mumbai and one in Ghaziabad ... More

Aerens group plans to set up speciality malls
THE New Delhi-based Aerens group plans to set up speciality shopping malls across the country. Also on the cards is a foray into serviced apartments, said Mr G. S. Pillai, Director, Aerens Gouldsouk International. Speaking at a press ... More

Nava Bharat to consider stock split
HYDERABAD: Nava Bharat Ferro Alloys Ltd proposes to consider stock split at its ensuing board meeting scheduled for May 28. The board would also consider audited profit and loss account for the fiscal 2004-05 and balance sheet as on ... More

AP Paper to pay Rs 2.50/share
MUMBAI: Andhra Pradesh Paper Mills Ltd has informed the BSE that the board of directors of the company at its meeting held on May 14, inter alia, has recommended a dividend of Rs 2.50 per share on 1,19,09,840 equity shares of Rs 10 each ... More

PFC sanctions Rs 530 cr for Essar Power project
POWER Finance Corporation (PFC) has agreed to become the lead financier for Essar Power's 1,500-MW expansion project by extending a loan of Rs 530 crore. The Essar group is in talks with other domestic and international institutions to raise Rs ... More

FIXED DEPOSITS

FD options
City Union Bank: Senior citizens can consider investing in the deposits with tenors of between six months and three years offered by City Union Bank. The bank offers 6 per cent for deposits maturing in six months, 7 per cent for ... More

MERGERS & ACQUISITIONS

Merrill Lynch to play major role in Basell acquisition
GLOBAL investment powerhouseMerrill Lynch is emerging as the second largest investor in the acquisition of the Amsterdam-based Basell NV by the TCG (The Chatterjee Group) led consortium. According to sources, Merrill Lynch is likely to play a ... More

Siticable acquires RPG's MSO
SITICABLE Network Ltd, a 100-per cent subsidiary of Zee Telefilms Ltd, has acquired the multi-system operator Indian Cable Net Company Ltd (formerly RPG Netcom Ltd). Siticable did not reveal the value of the deal. Indian Cable Net Company ... More

ALLIANCES & JOINT VENTURES

Win Medicare-Leo Pharma duo may expand to critical care segment
AFTER bringing in a range of skin-related products to treat psoriasis, Win Medicare Pvt Ltd expects to expand the scope of its deal with Denmark-based Leo Pharma to the critical care segment as well. But this will be only post-2006, after the ... More

INTERVIEW

`We notched our highest-ever sales growth in 04'
PROCTER & Gamble stunned the world earlier this year when it announced it has signed a deal to acquire Gillette, a transaction valued at roughly $57 billion, the biggest in recent times. Things calmed down subsequently, a spell broken by ... More

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