Financial Daily from THE HINDU group of publications
Monday, December 05, 2005
Markets (December 02 - 15.30 IST)
BSE Sensex8961.61(+16.83)
S&P CNX Nifty2697.95 (-1)
US Dollar (Buy/Sell)46.19/46.20


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ANNOUNCEMENTS


Ashok Leyland may source components from units in Hubli
ASHOK Leyland has evinced interest in procuring some auto components manufactured by some of the small-scale industries in Hubli. After addressing a meeting at the North Karnataka Small-Scale Industries (NKSSIA) Association here recently, Mr ... More

Ohri's veg kitchen
HYDERABAD: Ohri's Group, a hospitality chain, has announced the opening up of JIVA, a veggie kitchen along with Wood Fire Pizza Oven, claimed to be first such one in South India. ... More

AWARDS & HONOURS


Madhucon bags award
HYDERABAD: Madhucon Projects Ltd has bagged construction world's Ingersoll-Rand Award 2005 in recognition of the company's innovative wok in road construction. The award was presented by the Karnataka Governor, Mr T.N. Chaturvedi to the ... More

RESTRUCTURING


Decision on bifurcating GAIL's marketing, transmission biz soon
A FINAL decision on bifurcating the gas marketing and transportation business of GAIL (India) Ltd seems to be near with the Government hoping to get Parliamentary approval for setting up the proposed Petroleum Regulatory and Natural Gas Board ... More

MERGERS & ACQUISITIONS


Celebrity Fashions to buy ACL's trouser-making unit
THE Rs 134-crore Celebrity Fashions, the Chennai-based exporter of apparel to some of the top brands in the world, has signed an MoU with another export major, the Rs 725-crore Ambattur Clothing Ltd (ACL), to acquire its specialised trouser ... More

Suranas hike holding in Bhagyanagar Metals, Surana Telecom
BHAGYANAGAR Metals Ltd has informed the National Stock Exchange that Mr Narender Surana, Managing Director, has acquired 53,500 shares of Bhagyanagar Metals Ltd during October 1, to November 30 from the open market. With this, Mr Narender ... More

Dunlop Ambattur unit workers optimistic about restarting operations
THE Dunlop Factory Employees Union (DFEU) at Ambattur (in Chennai) has expressed optimism that the factory here could soon restart following the acquisition of Dunlop India Ltd by the Kolkata-based Ruia group. Mr D. Devanathan, General ... More

NEW PROJECTS


Nektar India launches R&D centre to boost drug discovery
NEKTAR Therapeutics (India), a subsidiary of the US-based drug discovery company, has announced the commissioning of its research and development centre in Hyderabad. This would be its second overseas centre after its UK branch. The Chief ... More

Samtel Color to double capacity — New line to be set up in Rajasthan
SAMTEL Color Ltd, the country's largest manufacturer of colour picture tubes, is in the process of doubling its capacity from the present six million colour picture tubes (CPTs) to over 10 million by March 2006. "The company is putting up a new ... More

Chemplast clears last hurdle for PVC project
CHEMPLAST Sanmar has cleared the final hurdle for putting up a 170,000 tonnes-a-year green field PVC plant, with the Ministry of Environment and Forests giving a green signal for the project. The company informed the stock exchanges of the ... More

OUTLOOK


Ruia visits Sahagunj, kindles workers' hopes
"SAAB, please open the factory. My family is ruined," said a wailing Rajkishore Singh (50), a worker in the moulding division. "Sir, please give back my father his job. I want to go to school again," said Deepa Srivastav (13). "P.K. Ruia ... More
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Nov. 27-Dec. 3
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