Financial Daily from THE HINDU group of publications
Saturday, October 08, 2005
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ANNOUNCEMENTS


Saregama to co-produce Indo-American film
SAREGAMA India Ltd, an RPG Group company, has decided to co-produce an Indo-American film along with the New York-based Rapture Productions Inc. Mr Sanjiv Goenka, Vice-Chairman of the RPG Group, claimed this was the first time an Indian ... More

GM opts out of bidding for Daewoo
The company is still committed to bringing a small car to India. More

BHEL pays record dividend of Rs 196 cr
BHARAT Heavy Electricals Ltd (BHEL) has paid the highest ever dividend of 80 per cent, amounting to Rs 195.81 crore, for 2004-05, an official release said. This includes an interim dividend of 35 per cent paid in December 2004. With this, BHEL ... More

JK Corp is now JK Lakshmi Cement — Shifts part of corpus for new investment co
JK Corp on Friday announced a change in name to JK Lakshmi Cement Ltd and the shifting of a part of the JK Corp corpus to a new investment company, yet to be named. JK Lakshmi Cement will solely focus on cement manufacturing and marketing, ... More

AWARDS & HONOURS


GMR Industries bags award
HYDERABAD: GMR Industries Ltd has bagged the Best Performer Award in the large and medium scale sector instituted by the All India Manufacturers' Organisation (AIMO - Andhra Pradesh State Board). Surya Industrial Equipments was ... More

COURTS/LEGAL ISSUES


HC restrains DDA from physical possession of Escorts Heart
EVEN as Fortis got a breather on Friday with the Delhi High Court restraining the Delhi Development Authority (DDA) from taking physical possession of Escorts Heart Institute and Research Centre (EHIRC), following cancellation of the land lease ... More

Priyamvada valuables to be shifted to bank lockers
MR Justice Kalyan Jyoti Sengupta of the Calcutta High Court on Wednesday allowed the Joint Special Officers, appointed for inventorising the personal belongings of late Priyamvada Birla, to remove gold coins, valuable ornaments and various ... More

INFORMATION TECHNOLOGY


Accenture helps BPCL build TRM capability
ACCENTURE, a global management consulting, technology and outsourcing company, has helped Bharat Petroleum Corporation Ltd (BPCL) build a trading and risk management (TRM) capability, said Mr Sandeep Biswas, Partner, Accenture India, here today ... More

RESTRUCTURING


New corporate debt revamp norms soon, says RBI Governor
'Cos must disclose risk exposures'

THE Reserve Bank of India will come out with the revised guidelines for the Corporate Debt Restructuring Mechanism in a couple of weeks, the RBI Governor, Dr Y.V. Reddy, said here today. A special group recently reviewed the CDRM and the ... More

Sutlej Ind to become an NBFC post-restructuring
AFTER the completion of the restructuring of Sutlej Industries Ltd, a K.K. Birla Group outfit, the company will turn into a non-banking financial company (NBFC) as its entire textile business has been transferred to a wholly-owned subsidiary, ... More

Ruchi Soya to merge 6 group cos with itself
RUCHI Soya Industries Ltd (RSIL), the flagship of the Ruchi group, on Friday announced a major restructuring exercise by merging six companies within the group to create a Rs 7,800-crore entity. RSIL is currently an agri-business company with ... More

MERGERS & ACQUISITIONS


Reckitt swallows Boots' drug unit for $3.4 b — Agreement with Boots Piramal to continue: Swati Piramal
NPIL also markets two major Reckitt brands - Gaviscon to treat heartburn during pregnancy and Fybogel for constipation. More

Delhi realtor buys 32% in Online Media
IN a bid to derive benefits of a listed company in the bullish stock market, a New Delhi-based realtor, Savera Construction Pvt Ltd (SCPL), has acquired 32.37 per cent equity holding in the Hyderabad-based loss-making Internet services and ... More

Eveready Ind takes over BPL Soft Energy
EVEREADY Industries India Ltd, the flagship of the B.M. Khaitan group, on Friday completed the takeover of the Bangalore-based BPL Soft Energy System Ltd. Addressing a press conference here on Friday, Mr Deepak Khaitan, Vice-Chairman and ... More

NEW PROJECTS


Innerwear brand Triumph to set up factory near Chennai
TRIUMPH, the international women's innerwear brand, plans to set up its own manufacturing unit in India. According to Mr Thorsten Allenstein, General Manager, Triumph International (India) Pvt Ltd, the factory will come up at Maramalai Nagar, ... More

Gangotri Textiles plans Rs 351-cr expansion
GANGOTRI Textiles Ltd, a Coimbatore-based yarn and garments manufacturer, is planning a Rs 351-crore expansion-cum-integration programme. The project will consist of setting up weaving and processing facilities. It will also augment power ... More

Volkswagen team to visit AP for talks
A TEAM from the German automotive major Volkswagen AG is set to visit Hyderabad on October 13-14 to discuss with the State Government their plans and to possibly finalise a memorandum of understanding. The State Major Industries Minister, Dr J. ... More

OVERSEAS INVESTMENTS


A lesson or two from Dragon Land for Sundram Fasteners
Sundram Fasteners says that it is a "myth" that China is cheaper than India. More

ALLIANCES & JOINT VENTURES


Escorts' US arm to market SAME tractors in US, Canada
TRACTOR manufacturer Escorts Ltd said its US subsidiary, Farmtrac North America LLC, has tied up with European major SAME Deutz-Fahr Italia S.p.A to market their entire range of tractors in the US and Canada. "This deal will also enable ... More

SOCIETY & DEVELOPMENT


DaimlerChrysler holds road safety programme for school kids
A sunny morning with the excited chatter of 100 school children in the background. The occasion: culmination of the first phase of an innovative traffic safety programme - Mercedes Benz Mobile kids by DaimlerChrysler India. Mr Hans Michael ... More

OUTLOOK


HPCL plans to firm up debt for Punjab refinery by year-end
The company has already pegged the project cost at over Rs 12,000 crore. More
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HC restrains DDA from physical possession of Escorts Heart


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In Depth

Gender Justice
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Looking back
Sep. 25-Oct. 1
BPCL revises Bina refinery project cost to Rs 9,100 cr — Bharat Oman Refineries to go in for IPO

Cos that skipped exit scheme to receive default notices

Hyundai, Maruti set to hike prices

Chatterjee Group charges Bengal Govt, HPL with mismanagement

MFL optimistic on getting LNG from Iran

NTPC's hydro initiative gathers steam — Projects totalling 4,400 MW on the anvil

Fortis hopes to partner Naresh Trehan in Medicity project

FCI to raise Rs 5,000 cr thru bonds

Petroleum Ministry to approach Cabinet for IBP-IOC merger


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