Financial Daily from THE HINDU group of publications
Wednesday, June 15, 2005
Markets (July 25)
BL 2502325.28 (+12.27)
BSE Sensex7505.60(+82.35)
S&P CNX Nifty2291.75 (+26.15)
US Dollar (Buy/Sell)43.51/43.63
Gold Std (10 gm)6085 (+35)

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CORPORATE

ANNOUNCEMENTS


Gulf Oil mulls postal ballot to transfer Vizag unit
GULF Oil Corporation Ltd has informed the stock exchanges that the members of the company will approve the ordinary resolution by way of postal ballot, to transfer its building products division at Visakhapatnam. The unit, engaged in the ... More

CORPORATE DISPUTES


ONGC row with IFFCO, GSFC on dues recovery deepens
THE tussle between ONGC and the two fertiliser companies - the Gujarat State Fertiliser Corporation (GSFC) and the Indian Farmers Fertiliser Co-operative Ltd (IFFCO) - on recovery of dues has intensified. The oil and gas major has ... More

AWARDS & HONOURS


Eco award for Tata Power
NEW DELHI: Tata Power's Jojobera division was presented the Golden Peacock Award for Environment Excellence for the year 2005 at the World Congress on Environment Management at Palampur, Himachal Pradesh last week. It was presented by ... More

Dr Reddy's wins packaging award
DR Reddy's Laboratories has won the `WorldStar 2004' award from the World Packaging Organisation (WPO) for three of its products — Clearz, Docetere and Mintop. The awards are given for excellence in design and the effectiveness of ... More

MERGERS & ACQUISITIONS


SCI scans the horizon for acquisitions
WHAT do you do when you are sitting on shareholders funds worth Rs 3,688 crore and you are desperately looking to buy ships to cash in on the firm freight market, but there are no new ships available in the global market at least till 2008? ... More

SWC acquisition complete, more brand buys on the cards: Mallya
A LITTLE less than three months after the Shaw Wallace and Co (SWC) acquisition, the UB group Chairman, Mr Vijay Mallya, has indicated that he still has an appetite for more acquisitions - even as the group has completed its acquisition of SWC ... More

ALLIANCES & JOINT VENTURES


Mahindra forms truck, bus joint venture with US co
MAHINDRA & Mahindra Ltd (M&M) on Tuesday announced a 51:49 joint venture with the US-based International Truck and Engine Corporation to manufacture trucks and buses in India. The project cost would be about Rs 400 crore. The debt-equity rati More

TVS Logistics forms joint venture with two Thai cos
TVS Logistics Services Ltd has entered the Thailand market by forming a joint venture — TVS Logistics SIAM Ltd — with Thai Martin Trading Co Ltd and Tyvin International Co Ltd. The total equity investment in the joint venture would ... More

DIVERSIFICATION


Pantaloons forays into domestic fast-food segment with Chamosa
IF retail player Pantaloons has got its facts on the Indian palate right, the humble samosa might well be the next big thing in the domestic fast-food business. The company is, right now, in the pilot stage of a proposed foray into the ... More

BONUS ANNOUNCEMENTS


M&M to issue 1:1 bonus
The M&M board on Tuesday recommended a bonus share issue for its shareholders in the ratio of 1:1, that is, one bonus share for every one ordinary share of the company held. It also recommended an increase in the company's authorised share ... More

OUTLOOK


SABMiller brews $125-m fresh investments in India
GLOBAL beer giant SABMiller Plc has announced fresh investments of $125 million in capital expenditure and marketing initiatives over five years to expand operations and support market leading brands in the country. The brewer unveiled these ... More
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In Focus

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In Depth

Gender Justice
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Looking back
Jun. 5-Jun. 11
Maruti to hike Swift prices


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