The Hindu Business Line : Saturday, December 17, 2005

HLL plans more unified functioning — CEO Douglas Baillie to take charge in March
HLL is to have a CEO supported by an extended management committee and a more unified functioning of the separate businesses. Effective from March 1, 2006 Mr Douglas Baillie, currently Group Vice-President and head of Unilever AMET (Africa, ... More

Eicher to enter tipper market
BULLISH on the domestic commercial vehicles segment, Eicher Motors said on Thursday that it would soon launch tippers in the market and go in for higher tonnage vehicles that it is developing in-house. "We have already piloted 4x2 tippers in ... More

Oriental Structural bags 3 highway projects
ORIENTAL Structural Engineers Pvt Ltd has bagged three projects worth Rs 957 crore from the National Highways Authority of India (NHAI) to construct national highways at Indore (Madhya Pradesh), Agra (Uttar Pradesh), and Kondali (Maharashtra) ... More

Jones Lang LaSalle opens office in Pune
REAL estate services firm Jones Lang LaSalle today announced the opening of its office in Pune and said it will provide the entire portfolio of real estate management, implementation, investment management, retail advisory, strategic consulting ... More

OVERSEAS BORROWINGS

Himatsingka Seide raises $60 million through GDRs
SILK fabric exporter Himatsingka Seide Ltd has raised $60 million through the issue of Global Depositary Receipts (GDRs), which will be listed on the Luxembourg Stock Exchange. The amount was raised through the issue of 2.09 crore GDRs, which ... More

MERGERS & ACQUISITIONS

CCEA decision on Akpo proposal disappointing: Raha
THE Chairman of Oil and Natural Gas Corporation Ltd (ONGC), Mr Subir Raha, today expressed disappointment at Cabinet Committee on Economic Affairs' (CCEA) disapproval of ONGC's proposal for acquiring 45 per cent stake in South Atlantic ... More

NEW PROJECTS

Nokia to set up global network solution centre in Chennai
MOBILE phone company, Nokia on Friday announced the setting up of its global network solution centre in Chennai. The centre will be operational in the first quarter of next year with 100 professionals. The centre, which will provide services ... More

Volkswagen team visits New Mangalore port
A TEAM of German automobile manufacturer Volkswagen visited New Mangalore Port and inspected a site at Mudipu near Mangalore on Friday. Volkswagen team, which is examining various locations to set up its manufacturing unit in the country, has ... More

Sabare to invest Rs 109 cr for expansion project
SABARE International Ltd, based in Karur, is scaling up its operations aimed at building capacity to offer `one-stop' retail solution in the product-driven home textiles. The company is set to implement a Rs 109-crore capacity expansion project ... More

OVERSEAS INVESTMENTS

CCEA strikes down ONGC plan to invest in Nigeria
THE Government has shot down a proposal of ONGC Videsh Ltd (OVL) to pick up stake in a Nigerian oil and gas field, while at the same time permitting downstream public sector oil companies to partner Oil India Ltd (OIL) in scouting for oil and gas ... More

ALLIANCES & JOINT VENTURES

Dalmia Research ties up with Netherlands co
THE Dalmia Centre for Research and Development (DCRD) has entered into a collaborative arrangement with Kiadis of Netherlands, a drug discovery company focused on developing high-value active compounds for both pharmaceutical and nutraceutical ... More

Sanyo, BPL join hands for CTV venture
SANYO Electric Co Ltd of Japan and BPL Ltd formally launched their new joint venture company, called Sanyo BPL Pvt Ltd, on Friday, in which both the companies are equal equity partners. BPL will transfer its colour television business to the ... More

INTERVIEW

`Cos must manage biz with change, continuity'
Excerpts from CNBC-TV18's exclusive interview with the HLL Non-Executive Chairman, Mr Harish Manwani: What is the reason for appointing Douglas Baillie as CEO of HLL when in June you were quite convinced that a national management committee ... More

VENTURE CAPITAL

British venture capitalists scouting for talent in India
VENTURE capitalists from the United Kingdom are in search of exceptional `intellectual property' among Indian entrepreneurs who could benefit from investing in the United Kingdom and partnering with companies there. The British venture ... More

OUTLOOK

Bajaj Auto betting big on new Discover variant
RIDING on its recently launched 112-cc model in the Discover range, Bajaj Auto Ltd would like to take the lead in the mid-segment of the motorcycle market. Once the national rollout is completed, the company expected to sell 60,000 units of the ... More

PEOPLE

Malcolm Monteiro appointed Blue Dart MD
BLUE Dart Express Ltd has nominated Mr Malcolm Monteiro, Chief Operating Officer, to succeed Mr Clyde Cooper as Managing Director with effect from March 13, 2006. Mr Cooper will remain a director of the company after March 13. According to ... More

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