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Tuesday, July 12, 2005

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ANNOUNCEMENTS


M&M launches pick-up utility
MAHINDRA & Mahindra has announced the launch of the newest entrant into its family of pick-ups, the Maxx Pik Up Flat Bed, targeted at the commercial and entrepreneur segment. The Flat Bed will be rolled out initially in Maharashtra, which is ... More

FIPB okays GM India's royalty payment plan
THE Foreign Investment Promotion Board (FIPB) has accepted General Motors India's application for payment of both lumpsum engineering fee and royalty to GM Daewoo Auto & Technology, Korea (GMDAT). According to an official release, GM had made .. More

Bajaj Hindusthan to pump in Rs 750 cr to expand capacity — Plans 3 greenfield projects in UP
BAJAJ Hindusthan Ltd is planning to expand capacity through new greenfield projects in Uttar Pradesh at a cost of Rs 750 crore. The projects will come up in Saharanpur, Pilibhit and Lakhimpur regions of Uttar Pradesh. The expansion will add ... More

NTPC to invest Rs 500 cr in Ratnagiri Gas
THE State-owned National Thermal Power Corporation Ltd (NTPC) on Monday said it would invest up to Rs 500 crore as share application money in the equity capital of Ratnagiri Gas and Power Pvt Ltd (RGPL), the new company floated to take charge of ... More

Matrix Lab carries out changes in management structure
MATRIX Laboratories Ltd has announced major changes in the Executive Management structure here on Monday. These changes were aimed at pursuing the new growth strategies. Mr N. Prasad, hitherto the Chairman & Chief Executive Officer, would ... More

Italian co to prepare feasibility report for GAIL pipeline project
GAIL (India) Ltd has engaged an Italian firm to prepare the feasibility report on a natural gas pipeline project that is proposed to be set up between Jagdishpur in Uttar Pradesh and Haldia in West Bengal. Work on the 850-km pipeline is ... More

CORPORATE DISPUTES


CLB adjourns BPL case to July 30
THE hearings of the main petition filed by Mr T.P.G. Nambiar, promoter and Chairman of the BPL group, against Mr Rajeev Chandrasekhar, his son- in-law and CEO of BPL Communications, has been adjourned to July 30. Mr K.K. Balu, Member, CLB, has ... More

Lodha's claim on M.P. Birla Group profits disputed
THE Birlas, on Monday, came down heavily against the action of Mr R.S. Lodha before Mr Justice Kalyan Jyoti Sengupta of the Calcutta High Court, during the hearing of the application of Ms Radha Devi Mohta for appointment of administrator over ... More

COURTS/LEGAL ISSUES


Madras HC orders fresh tendering of Standard Motors' assets
The Madras High Court ordered fresh tendering of 57.84 acres of land of Standard Motor Products of India Ltd., now in liquidation, in Perungalathur near Chennai, as it saw "possibilities of getting higher price" than the Rs 140 crore offered ... More

MERGERS & ACQUISITIONS


Merger of oil PSUs not advisable, says panel
OIL must form new entity for global operations
Shareholding trust must be formed for blue chip cos
Present structure of PSUs needs to be strengthened
More

Reliance Capital, REL refute rumours on buys
THE Anil D Ambani Enterprises group has put to rest all the rumours floating in the market over its aggressive acquisition plans. In separate notices to BSE, Reliance Capital and Reliance Energy clarified that it has no plans to acquire ... More

NEW PROJECTS


Jindal South West chalks out Rs 10,000-cr expansion plan
JINDAL South West Steel Ltd (JSW) has firmed up an ambitious target of emerging as the country's `largest single site steel plant' by 2010. It is currently the third largest steel maker after SAIL and Tata Steel. The company has chalked out an ... More

JK Papers on expansion mode; commissions new plant in Orissa
JK Papers Ltd, the Rs 650-crore HS Singhania group company, is on an expansion mode. It has commissioned an offline blade coating plant of 46,000 tonnes per annum (TPA) capacity at its existing facility in Jaykaypur, Orissa. The company plans ... More

HEG commissions expanded capacity graphite plant in M.P.
GRAPHITE electrodes manufacturer HEG Ltd on Monday commissioned its expanded graphite electrode manufacturing facility at Mandideep, Madhya Pradesh. The electrode capacity now stands at 52,000 tonnes a year, up 70 per cent from about 30,000 ... More

ALLIANCES & JOINT VENTURES


Apollo Hospitals ties up with US co for stem cell research
APOLLO Hospitals on Monday announced its tie-up with Histostem of the US "for the development of a sustaining and mutually beneficial relationship in cord blood stem cell research and therapy in India." Histostem and Apollo will establish and ... More

PUBLIC OFFER


BEML plans to raise Rs 400 cr thru public offer
BHARAT Earth Movers Ltd hopes to raise around Rs 400 crore later this calendar year through a public offering of equity. Its EGM, slated for July 13, is taking up the proposal to issue 72 lakh equity shares of face value Rs 10 each at a premium ... More

PERFORMANCE


`Tata Motors will make up for shortfall'
TATA Motors hopes to make up for its unsteady sales performance in the first quarter of 2005-2006, during the remaining months of the year. "We expect to be able to make up for the shortfall in the coming months," Mr Ratan Tata, Chairman, said at ... More

TRENDS


Companies shape products, seek to win by design
BANK of Baroda's resplendent new logo is making its presence felt widely — it's in the mehendi of a bride's palm and is even being called the Baroda Sun. The bank is one of the many corporates in the recent past that have gone in ... More
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