The Hindu Business Line : Sunday, May 22, 2005

NTPC, DMRL to develop gas turbine blades
THE National Thermal Power Corporation (NTPC) will soon develop blades for gas turbines and associated components for gas power plants. As per an MoU signed with the Defence Metallurgical Research Laboratory (DMRL), NTPC will provide technical ... More

BUYBACK

FAQ on buybacks

OVERSEAS BORROWINGS

Amtek to issue $150-m FCCBs
NEW DELHI: Auto components major Amtek Auto Ltd said on Saturday that it would issue Foreign Currency Convertible Bonds (FCCBs) of $150 million. The shareholders, in an extraordinary general meeting, have approved the issue of FCCBs of ... More

INSIGHT

Earnings growth slows, but stays robust — Operating margins fall; net profit margins rise
AFTER having stepped on the gas on the earnings expressway, India Inc, it appears, is gradually taking its foot off the pedal, if the growth numbers for the year-ended March 2005 are any indication. Earnings growth for the just-concluded ... More

FIXED DEPOSITS

City Union Bank: Attractive
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

CORPORATE GOVERNANCE

Ex-MP objects to Anil Ambani using Rajya Sabha letterhead
THE on-going Reliance saga concerning Mr Mukesh and Mr Anil Ambani saw an addition today with a former member of Lok Sabha, Mr Pius Tirkey, taking objection to Mr Anil Ambani, writing to the Secretary Ministry of Company Affairs in his capacity ... More

NEW PROJECTS

Hyundai launches first US car plant
HYUNDAI Motor Company's US subsidiary, Hyundai Motor Manufacturing Alabama LLC, has inaugurated its first car plant in the US, according to a Hyundai press release issued here. The $1.1-billion car plant spread over 1,744 acres at Montgomery, ... More

ALLIANCES & JOINT VENTURES

Usha Martin, Austrian co Joh Pengg tie up for joint venture unit
USHA Martin Ltd has arrived at an understanding with Joh Pengg AG, an Austrian-headquartered producer and worldwide exporter of oil-tempered round and shaped wire for automotive and various applications, to set up a joint venture manufacturing ... More

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