The Hindu Business Line : Sunday, October 30, 2005

GMR bags Rs 1,500-cr road projects
HYDERABAD: GMR Group has announced that it has won three road projects worth Rs 1,500 crore amidst stiff competition. The road projects are for a total length of 205 kilometres on build, operate and transfer (BOT) basis with a concession ... More

BEML Oct order book swells
BANGALORE: Bharat Earth Movers Ltd said it has bagged orders totalling Rs 368 crore during October this year alone. The order book stands at Rs 2,457 crore as of October 27, it said in a release. The new orders are from coal companies ... More

Viceroy gets nod for Rs 225-cr loan
HYDERABAD: Viceroy Hotels Ltd has informed the stock exchanges that its board meeting has approved the sanction of various long-term rupee loans aggregating Rs 225 crore by banks to part-finance the ongoing expansion projects that were ... More

RESTRUCTURING

Television Eighteen: Buy
AN INVESTMENT can be considered in Television Eighteen (TV 18) stock, as there is scope for gains once the restructuring (see accompanying box) takes effect. In the proposed arrangement, the burden of rolling out new ... More

NEW PROJECTS

Foundation stone laid for ONGC Tripura Power unit — Free trade agreements will benefit N-E region: PM
THE Prime Minister, Dr Manmohan Singh, said on Saturday that the North-Eastern region of the country was standing on the threshold of a historic opportunity as India was hoping to sign a free trade agreement with the Asean region. Addressing ... More

REGULATORY BODIES & RULINGS

DoT objects to Idea Cellular pledging equity without Govt nod
Idea Cellular executives denied that the company had flouted any norms and that it was very normal for a company to pledge the shares as long as it fulfilled all set conditions. More

DIVERSIFICATION

Nava Bharat to diversify
HYDERABAD: Nava Bharat Ferro Alloys Ltd has informed the stock exchanges that its board of directors at a meeting held here has decided to diversify into infrastructure. It has approved proposals to make strategic investments, initially up ... More

TRENDS

Iraq Oil-for-Food programme — Over 130 Indian cos figure in Volcker report
INDIAN companies numbering over 130 paid or are estimated to have paid a little over $22 million in connection with contracts worth approximately $425 million they executed in Iraq under the United Nation's Oil-for-Food programme. This is ... More

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