Financial Daily from THE HINDU group of publications
Friday, October 14, 2005
Markets (October 13)
BL 2502389.09 (-40.81)
BSE Sensex8376.90(-163.66)
S&P CNX Nifty2537.30 (-52.25)
US Dollar (Buy/Sell)44.88/45.01
Gold Std (10 gm)6925 (-40)


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CORPORATE DISPUTES


FL Smidth hopes to settle dispute with L&T
FL Smidth & Co, the Denmark-headquartered company that provides technology, equipment and plants to the cement and mineral processing industries, hopes to settle its dispute with Larsen & Toubro Ltd (L&T) through discussions. In June 2005 More

OVERSEAS BORROWINGS


Mercator's Singapore arm mulls $400-m GDR issue
MLL has some major plans for its Singapore subsidiary. It may shift some of its proposed acquisitions to the subsidiary. Seeing the tanker and offshore sectors as potential areas, the subsidiary is planning to launch the GDR to fund its new acquisiti ons. More

MANAGEMENT


Outside office-hours
From IT firms to manufacturing sectors, media companies to banks ... employees go rock climbing, rappelling or river rafting for healthy corporate performance. More

MERGERS & ACQUISITIONS


INDIAN TEA MAJORS SNAPPING UP COMPANIES ABROAD
Tata Tea acquires US co Good Earth
TATA Tea Ltd, through its US subsidiary Tetley US Holdings Ltd, has signed an agreement to acquire FMALI Herb Inc and Good Earth Corporation. The cost of acquisition has not been officially disclosed. Good Earth Corporation owns the `Good ... More

Apeejay to buy UK co Premier Foods' tea biz
THE Apeejay Surrendra Group, better known as Apeejay, has announced plans to acquire the entire tea business of the UK-based Premier Foods plc, including the company's well-known brands such as Typhoo, London Fruit & Herb, Lift and other ... More

Sterling Biotech set to buy Torrent Gujarat facility for Rs 55 cr
STERLING Biotech Ltd has entered into an agreement to buy Torrent Gujarat Biotech's manufacturing plant in Gujarat for Rs 55 crore in an all-cash deal. This will be Sterling's second acquisition of a production facility in two years. Sterling ... More

NEW PROJECTS


Volkswagen team holds talks with AP officials
Ms Lakshmi Parthasarathy, Principal Secretary, Industries Department, Andhra Pradesh, said the visit of the German team strengthens the State's claims to get the project. More

GIPCL plans two 1,000 MW plants; to enter distribution
GUJARAT Industries Power Company Ltd (GIPCL) on Thursday said it was working on setting up two 1,000-MW projects in South Gujarat, besides diversifying into power distribution in the State as part of its expansion plans. The company is ... More

FFE bags Rs 120-cr order for Kuwait plant
FFE Minerals India Pvt Ltd has bagged a Rs 120-crore contract to design and supply a 3.50-lakh-tonnes-a-year coke calcining plant in Kuwait. It signed an agreement with Petroleum Coke Industries Company of Kuwait for the plant today. The ... More

ALLIANCES & JOINT VENTURES


BP-HPCL to form 50:50 joint venture — Rs 12,000-cr Bhatinda refinery to be major project
HINDUSTAN Petroleum Corporation Ltd (HPCL) today signed an agreement with BP plc (formerly known as British Petroleum) to form a 50:50 strategic joint venture partnership that would operate in the oil refining and marketing sector in India. ... More

TVS Logistics arm ties up with German co
TVS Automotive Europe Ltd, the UK subsidiary of TVS Logistics, has signed an agreement with Wincanton, a Germany-based logistics service provider, to jointly offer supply chain management services for the European automotive industry. The ... More

OUTLOOK


`Court order won't affect Ranbaxy plans'
RANBAXY Laboratories Ltd will continue to pursue its growth strategy through acquisitions even after the UK Court ruled that the basic patent covering the active ingredient of Pfizer's cholesterol-lowering Lipitor was valid but a more specific ... More

TRENDS


Corporate India's fundamentals strong: Crisil
CORPORATE India's fundamentals continue to remain strong, according to a Crisil analysis of trends in its ratings. Crisil's modified credit ratio (MCR) — the ratio of upgrades plus reaffirmations to downgrades plus reaffirmations — ... More
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Corporate India's fundamentals strong: Crisil

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In Depth

Gender Justice
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Looking back
Oct. 2-Oct. 8
BSNL sends disconnection notice to Tata Tele — SC hearing today on appeal against tribunal order on ADC

`Exit from Michelin joint venture not a setback for Apollo Tyres'

Manpower India, ABC Consultants set up joint venture

Ranbaxy sees big scope in anti-retrovirals

ONGC extends loan to OAO Rosneft for Sakhalin-1 project

GM opts out of bidding for Daewoo

HC restrains DDA from physical possession of Escorts Heart


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