The Hindu Business Line : Sunday, October 16, 2005

OVL, ONGC Mittal seek specific reserved blocks in Nigeria
THE Oil and Natural Gas Corporation (ONGC)-L.N. Mittal Group combine and ONGC Videsh Ltd (OVL) have sought specific exploration and production (E&P) blocks in Nigeria. At a recent meeting with a high-level Nigerian delegation here, a proposal .. More

Transportation charges: GAIL to appeal against ruling
GAIL (India) Ltd has said that it will challenge the verdict given by the single judge bench of the Gujarat High Court that upheld Essar Steel's contention that GAIL was not entitled to levy transportation charges on gas supplied from a landfall ... More

Essel Propack plan to focus on US operations
HAVING established itself as a global packaging major, Essel Propack Ltd's near-term focus will be to grow its US operations. "Our primary focus now is the US business where we are adding capacity," said Mr R. Chandrasekhar, Chief Operating ... More

Nod for Alps equity share allotment
MUMBAI: Alps Industries Ltd has informed the BSE that its board of directors held on Saturday, inter alia, approved the allotment of 15-lakh equity shares in favour of promoters towards promoters' contribution, and 26,50,500 equity shares ... More

Wendt incorporates arm in Thailand
MUMBAI: Wendt (India) Ltd on Saturday informed the BSE that it had incorporated a 100 per cent wholly owned subsidiary company in Thailand and had paid up the initial capital. The company plans to manufacture, sell and service ... More

Karur KCP to change name
MUMBAI: Karur KCP Packagings Ltd has informed the BSE that the board meeting held on Saturday, resolved to change the company's name from `Karur KCP Packagings Ltd' to `Karur KCP Packkagings Ltd', subject to necessary ... More

AWARDS & HONOURS

Vizag Steel Plant bags CII energy excellence award
VIZAG Steel Plant belonging to Rashtriya Ispat Nigam Ltd (RINL), a public sector company, has bagged the Confederation of Indian Industry's `National Award for Excellence in Energy Management' for the year 2005. According to an RINL press ... More

COURTS/LEGAL ISSUES

UK, Australian firms in race to be legal advisors for Iran pipeline project — No response from Indian firms
BRITISH and Australian legal firms seem to be the main contenders for appointment as legal advisors for the Iran-Pakistan-India gas pipeline project. Official sources told Business Line that there has been no response from any Indian ... More

RESTRUCTURING

Reliance Industries: The mechanics of the demerger
SHAREHOLDERS of Reliance Industries will meet later this week, on Friday, to discuss and vote on the Scheme of Arrangement for Demerger proposed as per the settlement arrived at between the Ambani brothers in June. The ... More

FIXED DEPOSITS

Fenner India: Park your funds in one-year option
Fenner India: An investment may be considered in the one-year option of Fenner (India). The rates on offer for the two- and three-year options are not attractive; the rate for the latter does not offer any premium for longer maturity. The ... More

NEW PROJECTS

`Women must take active role in investment decisions'
WOMEN have proved to be quite successful in all walks of life, then why not in stock market investments, Ms Deena Mehta, former president of the Bombay Stock Exchange, asked? Inaugurating here the women's only branch of Geojit Financial ... More

Kochi petrochemical complex — GAIL board to give nod next month
GAIL (India) Ltd's proposed petrochemical complex to be set up here would cost Rs 6,058 crore as per the detailed feasibility report (DFR) prepared by Engineers India Ltd and the company's board would accord its final approval at its meeting ... More

SOCIETY & DEVELOPMENT

Kothari group trust plans 12 schools with Rs 200-cr investment
THE charitable trust of the Kothari group (known for the brand Pan Parag), SM Kothari Charitable trust, announced on Saturday that it planned to open 12 schools across the country in the next few years, with a total investment of Rs 200 crore. ... More

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