The Hindu Business Line : Thursday, December 01, 2005

Hyundai Motor India flags off first shipment to UK
HYUNDAI Motor India has sent its first shipment of 820 cars to the UK. It will export the Santro Xing branded as the Hyundai Amica, according to a company press release. This consignment will be the first shipment of right hand drive cars to ... More

L&T wins Rs 1,000-cr order from ONGC
LARSEN & Toubro (L&T) has won a turnkey order worth Rs 1,000 crore from Oil & Natural Gas Corporation (ONGC) for constructing four well platforms and interconnecting pipelines for the latter's Mumbai High North and Bassein fields. This is More

ONGC biggest wealth creator: Study
OIL and Natural Gas Corporation (ONGC) has been adjudged the biggest wealth creator for a five-year period (2000-2005). In a statement issued here today, the company said the Indian capital markets had adjudged ONGC in the category for the ... More

Rane bags more Volkswagen orders
CHENNAI: RANE Engine Valves has bagged more orders from Volkswagen, Germany, which will generate an additional euro 2.2 million a year. The company has been supplying engine valves and the sales fetch about euro 2 million. A press ... More

OVERSEAS BORROWINGS

Welspun-Gujarat raises $75 m via FCCBs
WELSPUN-Gujarat Stahl Rohren Ltd has announced that it has raised $75 million foreign currency convertible bonds (FCCBs). These zero coupon bonds have a tenor of five years and are convertible into equity shares at a conversion price of Rs ... More

COURTS/LEGAL ISSUES

Bangalore party clinches Standard Motors' property
THE Bangalore-based Sriram Properties Pvt Ltd on Wednesday obtained the green signal from the Madras High Court to buy the land and other properties at Perungalathur, a suburb of Chennai, from Standard Motor Products of India Ltd (now in ... More

HUMAN RESOURCES

Shoring up human resources
FROM the time when the human resource function in a company was considered a service department, the human resources (HR) manager's role has changed and become central to the success of any organisation. HR is not just an internal function but an ... More

RESTRUCTURING

Reliance moves down on SEBI enquiry buzz
THE share price of Reliance Industries fell nearly two per cent to Rs 832.90 on Wednesday even as reports of SEBI (Securities and Exchange Board of India) seeking details of the de-merger of group business began doing rounds in the market. A ... More

MERGERS & ACQUISITIONS

Eveready to utilise GDR funds for completing BPL unit acquisition
Approximately 20 per cent stake has been offloaded to FIIs based in Europe and Far-East Asia through this GDR. More

Great Eastern handed over to Bharat Hotels chain
Bharat Hotels Group would pump in a further amount of Rs 120 crore for renovation and refurbishment. More

Visa group acquires coalmine in Australia
Visa Steel, which is setting up a 1.5-million-tonne steel and stainless steel plant in Orissa, will source its coking coal from this Australian company at a concessional rate. Queensland-based coal mining company Millennium Coal Pty Ltd has ... More

NEW PROJECTS

JCB to pump in $50 m to expand capacity
The new factory would have an annual installed capacity of 6,000 excavators. More

Bombay Dyeing new textile unit
MUMBAI: Bombay Dyeing and Manufacturing Company Ltd informed the stock exchanges that the company has filed an industrial entrepreneur memorandum with the Union Ministry of Commerce & Industry for setting up a textile processing unit in ... More

Coromandel Fert's new unit
HYDERABAD: Coromandel Fertilisers Ltd has informed the stock exchanges that its board of directors meeting held on Saturday has approved a proposal for setting up of a pesticides formulation unit near Jammu. ... More

ALLIANCES & JOINT VENTURES

IRL-Synexus tie up for patient recruitment sites
ICRI Research (P) Ltd (IRL), an associate of ICRI, the world's largest clinical research institute, has entered into a strategic alliance with the UK-based Synexus Clinical Research Plc to establish India's first-ever patient-recruitment site ... More

Ansal Properties signs pact with UP Govt for hi-tech city in Lucknow
THE Delhi-based Ansal Properties & Infrastructure Ltd (APIL) has signed a memorandum of understanding with the Uttar Pradesh Government to develop a hi-tech city in Lucknow. "The township is expected to be completed in five to six years. The . More

IICT in pact with Swiss biotech co
THE Indian Institute of Chemical Technology (IICT) and Evolva, a Swiss biotech company, have signed an agreement to collaborate in medicinal chemistry and cell biology. The tie-up will help the partners bring their strengths together in the ... More

Leela Group signs pact with Kumarakom Resort
THE Leela Palaces and Resorts has entered into an agreement with the Kumarakom Lake Resort to formalise a partnership that `promises a distinctive experience alliance' offering a range of benefits to travel planners and consumers. Capt C.P. ... More

OUTLOOK

LG Electronics may miss turnover target — Chennai plant to take some more time
CONSUMER electronics and white goods' giant LG Electronics may fall short of its turnover target this year while its proposed Chennai plant will have to wait for some more time. LG Electronics Vice-President for sales, Mr Girish Rao, told ... More

PEOPLE

Nagarjuna group pays homage to founder
THE Nagarjuna group has embarked on the path of diversification and Nagarjuna Oil Company and Nagarjuna Power are ready for takeoff, according to Mr K.S. Raju, Vice-Chairman and Managing Director. He was speaking at a function in the factory ... More

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Govt may pick up equity stake in SemIndia-AMD unit

Time to take a leaf out of China's books

Hyundai Motor India flags off first shipment to UK

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Govt expects liberal dividends from PSUs

In Focus

FDI in retail sector

Indian Aviation: Sky is the limit

India Inc's bonus bonanza

Sethusamudram Canal Project