The Hindu Business Line : Thursday, August 18, 2005

L&T, Hong Kong co bag Hyderabad airport orders
MAKING headway in the international airport project, the Hyderabad International Airport Ltd (HIAL) has awarded two major works contracts to Larsen &Toubro and Hong Kong-based China State Construction Engineering (Hong Kong) Ltd (CSCEHK) ... More

ClinInvent to start trials for respiratory drug
IT may take time to convince domestic pharma companies that Contract Research Organisations (CRO) are not commodity suppliers. But ClinInvent Research Pvt Ltd, a CRO with NewYork-based The Chatterjee Group (TCG), is working on it. The ... More

TVS Motor to hand over acquired co to new management
TVS Motor Company's subsidiary, Sundaram Auto Components Ltd, acquired the frames division of Bharat Technologies Auto Components Ltd last year, for a consideration of Rs 33 crore. The company's Chairman and Managing Director, Mr Venu ... More

Rajasthan Spinning to raise $25 m thru debt, equity
RAJASTHAN Spinning & Weaving Mills Ltd (RSWM) on Wednesday announced that it would raise $25 million through a combination of equity and debt. "The Rs 763-crore flagship company of the LNJ Bhilwara Group, today announced the approval by its ... More

GAIL in talks to secure LNG for Dabhol
IN the next couple of months, GAIL (India) Ltd will be in a position to secure enough LNG to restart the Dabhol power project. Talking to the media here on Wednesday, the Chairman and Managing Director, Mr Proshanto Banerjee, said this would ... More

Glenmark launches osteoporosis drug
INDIA has more than 12 million cases of osteporosis and Glenmark Pharmaceuticals Ltd expects to cater to this market with its recently launched medicine, Stronat. The drug, Strontium Ranelate, sold under the brand name Stronat will be marketed ... More

Mirza Tanners is now Mirza International

CORPORATE DISPUTES

FLAG complains to TRAI about VSNL blocking access
THE dispute between FLAG Telecom and Videsh Sanchar Nigam Ltd (VSNL) seems to be far from over. FLAG Telecom has written to the Telecom Regulatory Authority of India alleging that VSNL is still delaying carriers in India access to FLAG cable ... More

MERGERS & ACQUISITIONS

Single window for M&A
The Irani Committee's proposals on M&A appear to be realistic, says Mohan R. Lavi More

IOC awaits Govt nod for IBP merger
INDIAN Oil Corporation Ltd (IOC), which is in a consolidation mode starting with the merger of its wholly owned subsidiary Indian Oil Blending Ltd (IOBL) with itself, has now moved forward to get the mandatory Government approval for merging IBP ... More

NEW PROJECTS

Hyundai to invest $600 m in new plant, product development — Launches premium sedan Sonata `Embera'
HYUNDAI Motor India is planning to add about 2,000 new employees over the next year as it embarks upon a major expansion plan. The company is planning to spend about $600 million towards setting up a second plant in Tamil Nadu and new product ... More

Bombay Rayon plans IPO
BOMBAY Rayon Fashions Ltd is embarking on an expansion plan involving an investment of Rs 161 crore. To part-finance the project, the company proposes to enter the capital market for which it has filed an application with the Security and ... More

Nicco plans telecom cable unit in Assam
SUBJECT to approval from authorities working on a Corporate Debt Restructuring (CDR) scheme for the company, Nicco Corporation Ltd proposes to set up a facility in Assam to manufacture electrical and telecom cables with an estimated investment of ... More

OVERSEAS INVESTMENTS

GHCL looking to buy home textile cos in US, Europe
GUJARAT Heavy Chemicals Ltd (GHCL), flagship company of the Dalmia Group, is all set for a series of acquisitions in the US and Europe which would enable it to enter the home textiles export market in a big way. This would cost the company in ... More

TRADE & LABOUR UNIONS

Chittivalasa Jute Mills lifts lockout
EMPLOYEES of the Chittivalasa Jute Mills at Tagarapuvalasa in Visakhapatnam district resumed duty on Wednesday after the management lifted the lock-out, which it had declared on May 5. An amicable settlement to the three-and-a-half-month long ... More

ALLIANCES & JOINT VENTURES

ONGC-Mittal combine bids for PetroKazakhstan
THE state-owned Oil and Natural Gas Corporation Ltd (ONGC) has in partnership with the L.N. Mittal Group (LNM) submitted a bid to acquire the Canada-based PetroKazakhstan Inc. The bid has, however, not been submitted through ONGC Mittal Energy ... More

Sujana ties up with Bajaj Electricals
SUJANA Industries Ltd has announced that it has entered into a contract manufacturing agreement with Bajaj Electricals Ltd for supply of ceiling and ventilators fans, which would be sold in the market under various brand names of Bajaj ... More

BONUS ANNOUNCEMENTS

DCM Shriram approves stock split, bonus issue
DCM Shriram Consolidated Ltd on Wednesday approved a bonus issue of one equity share for every one equity share and a stock split of five shares for every one share of Rs 10, subject to shareholders and regulatory approval. The current paid-up ... More

STANDARDS & BENCHMARKS

Havell's India gets Dutch certification
HAVELL'S India, a power distribution equipment manufacturer, announced on Tuesday that it has got the KEMA KEUR quality certification for its miniature circuit breakers. The certification is given by KEMA Quality B.V., based in Arnhem, ... More

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