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Saturday, May 21, 2005

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ANNOUNCEMENTS


Leela Group keen on hotel property in Delhi
THE Leela Palaces and Resorts, which is to set up hotels in Chennai and Hyderabad, is also keen to have a property in the national Capital, its President, Mr Peter J. Leitgeb, said here on Friday. . "We are not concerned about competition in ... More

ITC to source agarbatti raw material from Tripura
IN a major bid to source raw material for its growing agarbatti marketing business from the north-eastern region, ITC Ltd has signed an MoU with the Tripura Government for a bamboo development programme. The other two MoU partners that are ... More

SBI syndicates Rs 1,512-cr loan for Bhushan Ltd
THE State Bank of India has syndicated a project term loan of Rs 1,512 crore for Bhushan Ltd for expansion of its integrated steel plant project in Orissa.According to press release here, Bhushan Ltd is a secondary steel manufacturer with plants ... More

PRIVATE PLACEMENT


Satnam gets board nod to raise Rs 110 cr
NEW DELHI: The board of directors of Satnam Overseas Ltd on Friday approved raising additional long-term funds up to Rs 110 crore through a public issue or on a private placement basis. The company said in a notice to the Bombay Stock ... More

MERGERS & ACQUISITIONS


Vodafone, DoCoMo in race for BPL stake
BPL Mobile is in talks with a number of foreign operators including Vodafone and DoCoMo for an equity-based strategic partnership. The company is also talking to the Essar Holdings but no decision or agreement has been formalised . Speaking ... More

SingTel raises stake in Bharti Telecom to 32.8%
Bharti Tele-Ventures said that the company's board has decided not to proceed with the sponsored ADR secondary offering of up to 200 million equity shares. More

Eicher group plans to acquire US-based engg solutions firm
IN a bid to grow its engineering solutions business, the Eicher group is planning to acquire a USA-based firm that is engaged in the business of providing computer-aided engineering and design services. According to industry analysts, the ... More

NEW PROJECTS


Bharat Hotels plans to invest Rs 1,000 cr in seven projects
BHARAT Hotels, owners of the Grand Group of Hotels, plans to add seven five-star hotels in the country over the next three years at an investment of Rs 1,000 crore. The group is also keen to foray into the budget hotel segment at a later ... More

ALLIANCES & JOINT VENTURES


IA to assist ONGC lease two business jets
INDIAN Airlines (IA) is to assist Oil and Natural Gas Corporation (ONGC) to lease two new business jets capable of seating 9-12 passengers. This was agreed to in a memorandum of understanding (MoU) signed between the two companies here on ... More

VENTURE CAPITAL


GVFL exits seven cos in 2004-05
GVFL Ltd (formerly Gujarat Venture Finance Ltd), a venture capital fund for small entities, has announced that it has exited seven companies in 2004-05, which included the Bangalore-based software services company Deccanet Designs Ltd, which was ... More

SICK UNITS


Panel to look at revival of sick seafood units
THE Government has set up a committee, comprising representatives of the Finance and Commerce Ministries, Indian Banks Association (IBA), RBI and the Export Credit Guarantee Corporation (ECGC), to look into the rehabilitation of sick seafood ... More

OUTLOOK


`Tata Motors not racing to bag MG Rover'
FIVE years since BMW sold MG Rover for 10 to Phoenix Venture Holdings, the sole surviving British marquee in mass produced cars is back at the crossroads. MG Rover's current administrators have reportedly said there are expressions of ... More

Tata Steel eyes coal mining block in Australia
TATA Steel hopes to acquire a coal-mining block in Australia some time this year, Mr Muthuraman said. The company's need for imported coal for blending was estimated at seven million tonnes by 2010-2011. Following the acquisition of ... More

TTP project to expand production capacity
The project, structured by Mecon, is to be implemented in two phases. In the first phase, the capacity will be scaled up to 21,500 tonnes a year and to 33,000 tonnes a year in the second phase. More

PEOPLE


New CEO for Neeman Medical
NEW DELHI: Neeman Medical International Inc, a subsidiary of Max India Ltd, has appointed Dr Ram B. Rastogi as its Chief Executive Officer. He will be responsible for building and managing the clinical research business of Neeman across ... More
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Top Stories
GEAC tightens norms for Bt cotton approval


SEBI chief talks tough on violators

SingTel raises stake in Bharti Telecom to 32.8%

Inflation falls a tad on dip in food prices

Aiyar for equitable sharing of oil price hike burden

Centre's 1-year report card — `Unfinished' agenda bugs pharma sector

`Indian textile market fastest growing in 2004'

Pvt banks as RRB sponsors seems a good bet

In Focus

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

Gender Justice
Simple Economics
Tax Talk
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Looking back
May. 8-May. 14
Hyundai awaits TN Govt clarifications for expansion

Malladi Drugs acquires US-based Novus

Essar Power plans Rs 4,000-cr investment in new capacity

United Phosphorus in talks to buy Shaw Wallace Agro

Tata Motors serves an Ace in 3-wheeler space

Infosys, Wipro among top 5 most valuable outsourcing cos


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