Financial Daily from THE HINDU group of publications
Saturday, June 11, 2005
Markets (July 26)
BL 2502331.81 (+6.53)
BSE Sensex7552.77 (+47.17)
S&P CNX Nifty2303.15 (+11.40)
US Dollar (Buy/Sell)43.44/43.57
Gold Std (10 gm)6050

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ANNOUNCEMENTS


World Park sets up hotel at Rameswaram
WORLD Park Hotels (India) Ltd, an emerging closely held marketing and management company, running a chain of hotels in the State since 1996, has set up Hotel Royal Park in Rameswaram. The first luxury hotel in the private sector offering budget ... More

Tata group wants to invest heavily in Karnataka: Ratan
THE Tata group Chairman, Mr Ratan Tata, said on Friday that it will take another three years before the Rs 1-lakh car hits the road. Mr Tata was here to meet the Karnataka Chief Minister, Mr Dharam Singh, to discuss the group's investment plans ... More

German Remedies launches new cancer drug
GERMAN Remedies, part of the Zydus Group, has announced the launch of Fludarabine, a drug used for the treatment of chronic lymphocytic leukaemia (blood cancer). The orally-administered drug, being marketed as Fludara Oral, has been introduced ... More

Ranbaxy acquires Spanish co's generic product portfolio
RANBAXY Laboratories Ltd has acquired a generic product portfolio from Spanish pharmaceutical company Efarmes, S.A. Unipersonal for sale in the Spanish market. There are 18 products in the portfolio belonging to the cardiovascular system ... More

Jaypee plans 150-room hotel
NEW DELHI: Japyee Hotels, part of the Rs 3,000-crore Jaypee group, has drawn up an expansion plan to open a 150-room hotel in Gangtok. The Group also plans to set up a 150-room world class Spa and a convention centre in Greater Noida near ... More

OVERSEAS BORROWINGS


RIL raises $350 m as multi-currency loan
RELIANCE Industries Ltd (RIL) has raised $350 million as a multi-currency term loan facility. According to the company's press release, the final facility size was increased to $350 million from the initial size of $250 million due to an ... More

Tata Steel gets $300-m IFC loan
TATA Steel today signed a $300-million loan agreement with International Finance Corporation (IFC), Washington, the private sector arm of the World Bank. Under the agreement, the 11-year corporate loan consists of an A-loan of $100 million from ... More

CREDIT RATING


Potential settlement of feud may not impact Reliance ratings: S&P
STANDARD & Poor's Rating Services on Friday said a potential settlement of the differences between the Chairman and Vice-Chairman of Reliance Industries Ltd (RIL), as reported in the media, is by itself not expected to have any immediate impact . More

CORPORATE BONDS


FCI bond issue oversubscribed
THE third private placement of Food Corporation of India (FCI) bonds has been oversubscribed by more than 3.5 times. The issue realised Rs 3,530 crore as against the target size of Rs 976.5 crore. FCI has decided to retain the target size of ... More

NEW PROJECTS


HPCL's Bhatinda refinery plan back on track
AFTER almost a decade since it was planned, Hindustan Petroleum Corporation Ltd (HPCL) is set to finalise its plans on setting up the 9-million-tonne Guru Gobind Singh Oil Refinery at Bhatinda in Punjab. The company's plans had hit a roadblock ... More

Knorr-Bremse opens facility in Pune
KNORR-BREMSE India has inaugurated its manufacturing facility in Hinjewadi in Pune. The company is a joint venture between Knorr-Bremse Far East Ltd of Hong Kong - a subsidiary of Knorr-Bremse AG, Germany - and Tata AutoComp Systems Ltd ... More

Euro plant starts production at Kutch
KOCHI: Euro Multivision Ltd, a flagship company of Euro Group, has started commercial production at its manufacturing plant at Bhachau, Kutch, in Gujarat. The company has launched CD-R and DVD-R under the brand name of Eurovision. ... More

OUTLOOK


Yamaha India to invest Rs 200 cr over 3 yrs — `Several options' from global portfolio being considered for launch
YAMAHA Motor India, which has seen a significant drop in sales over the past few years, said it plans to invest Rs 150-200 crore over the next three years to expand capacity and launch more products to improve its market share. "We are aiming ... More

PEOPLE


Partha Dattagupta is Barista CEO
NEW DELHI: Barista Coffee Company has announced the appointment of Mr Partha Dattagupta as CEO. He has over 18 years of experience in the fast moving consumer goods industry. He was previously the business head of Agro Tech's branded ... More
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