The Hindu Business Line : Sunday, December 25, 2005

Ballarpur Ind kicks off modernisation plans — To double capacity of paper production at Bhigwan unit
BALLARPUR Industries Ltd (BILT) has kicked off its expansion-cum-modernisation plans for which it had set aside around Rs 1,200 crore. A part of the investment would go towards doubling the capacity of paper production at its Bhigwan unit in ... More

OPEN OFFERS

Micro Inks: Reject
SHAREHOLDERS of Micro Inks can reject the open offer by MHM Holding of Germany. The latter is offering to acquire 49.7 lakh shares, constituting 20 per cent of the equity stake. At Rs 655, Micro Inks trades at 17 times its trailing 12-month ... More

OVERSEAS BORROWINGS

Overseas offerings: The capital Nirvana
RAISING FUNDS in the overseas market is quite the in thing. Almost every other day, there is news of a company raising a few million dollars abroad. Mid/small-cap companies have been at the vanguard of this fund ... More

Bond with caution
DOMESTIC investors should take a cautious view of overseas offerings, as there are several aspects to them that could hurt their interests. Aggressive pricing of an offer just to make the most of the ongoing bull market and not linked to business ... More

Dwarikesh raises $12 m thru GDRs
MUMBAI: Dwarikesh Sugar Industries, an integrated sugar manufacturer, has successfully raised $12 million through the issue of 30-lakh Global Depository Receipts (GDRs). The GDRs will be listed on the Luxembourg Stock Exchange. RP&C ... More

AWARDS & HONOURS

ICWAI award for ONGC, BEL
NEW DELHI: ONGC has bagged the ICWAI National Award for Excellence in Cost Management for 2005 under the `Public Sector Manufacturing (turnover more than Rs 250 crore)' category. The award was received here by the Director (Finance) ... More

NEW PROJECTS

Birla Corporation Durgapur unit begins commercial production
THE fresh capacity of Durgapur Cement Works of Birla Corporation Ltd, the flagship company of MP Birla Group, has begun commercial production. According to a press release issued by the company, with this development the combined capacity of ... More

OVERSEAS INVESTMENTS

Gati opens office in Hong Kong
EYEING the opportunities on the China-India route, Gati, the Hyderabad-based logistics company, opened an office in Hong Kong early this month. "We are the first Indian logistics company to set foot in Hong Kong. We would like to tap the ... More

ALLIANCES & JOINT VENTURES

`Hetero Drugs well prepared for Tamiflu'
The deal with Roche has potential to add Rs 100 crore to the company's turnover in the first year. More

Wockhardt, US health insurer tie up
WOCKHARDT Hospitals group has been signed up by US-based health insurer Cigna Insurance. The arrangement enables Cigna's covered members to access treatment at any of the six Wockhardt hospitals in the country, a release from Wockhardt ... More

INTERVIEW

Carbon credit prices seen at 7-9 euros a unit
Mr Robert Taylog, Consultant, Agrinergy of the UK, says that his firm is currently working with 50 companies in India in sugar, cement and sponge iron sectors. Excerpts from an exclusive interview with Mr Robert Taylor: How many ... More

SOCIETY & DEVELOPMENT

Godrej unveils social initiatives for rural masses — To screen Hanuman in Gujarat, Maharashtra villages
TAPPING the potential in rural India is crucial for Godrej Aadhaar, a retail venture of Godrej Agrovet Ltd. Godrej Aadhaar has embarked on social initiatives in that endeavour. It has decided to screen the popular animation movie ... More

OUTLOOK

Elder Pharma to focus on `fast moving health goods' — Charting growth plans for healthcare division
HE is "still juggling" his act between being a Director with Elder Pharmaceuticals and a successful acting career. But that does not keep Elder Pharma's Dr Anuj Saxena from charting growth plans for the group's consumer healthcare division. ... More

BSNL targets Rs 38,000-cr turnover in '05-06
DESPITE a fall in revenue from fixed line telephones, Bharat Sanchar Nigam Ltd (BSNL) hopes to clock a turnover of around Rs 38,000 crore in 2005-06. In 2004-05, it recorded a turnover of Rs 36,000 crore, according to Mr A.K. Sinha, Chairman ... More

PEOPLE

SkodaAuto MD to return to Europe
MUMBAI: After a five-year stint in the {Scaron}kodaAuto project in India, Mr Imran Hassen (in the picture), Managing Director of the company, will return to Europe. Mr Lukas Folc, previously Chief of Finance Department at ... More

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