The Hindu Business Line : Wednesday, January 11, 2006

GKN Driveline to ramp up capacity
THE Indian subsidiary of GKN Driveline, one of the largest global driveline components and systems manufacturers, plans to ramp up production capacities to meet increasing demand for sideshafts and components from domestic manufacturers. The ... More

Ashok Leyland to enter luxury bus segment
COMMERCIAL vehicles manufacturer Ashok Leyland today said it would enter the luxury bus market with the launch of its top end vehicle `InterCentury Luxura' by the second quarter of the next fiscal. ``The plan is to launch the Luxura from the ... More

Bajaj Auto looking to enter Nigerian market
MR Rahul Bajaj has said that he would be looking to enter the Nigerian market in the future. He had earlier announced his company's intention to be present in the Brazilian market in a year-and-a-half. Mr Bajaj said the company's Indonesian ... More

TV 18 raises Rs 40 cr for its new channel
TELEVISION Eighteen India Ltd has announced that its group company, Global Broadcast News (GBN) has raised Rs 40 crore from IL&FS Investment Managers Ltd for its news channel CNN-IBN. CNN-IBN, the general news broadcast channel launched by ... More

AMRI to invest in Bengal healthcare schemes
ADVANCED Medicare & Research Institute Ltd (AMRI), said to be West Bengal's first joint sector project in the healthcare segment, on Tuesday unveiled plans to invest a further amount of Rs 200 crore on various healthcare initiatives in the next . More

Ammana Bio bags Rs 15-cr order
HYDERABAD: Ammana Bio Pharma Ltd has announced that it has entered into an agreement with Bharat Petroleum Corporation Ltd, Hindustan Petroleum Corporation Ltd and Chennai Petroleum Corporation Ltd for supply of 5,942 kilolitres of ethanol ... More

PREFERENTIAL ALLOTMENTS

Taiwan co picks up 11 pc stake in Kinetic Motor
Ms Sulajja Firodia Motwani, Joint Managing Director, KEL and Director, KMCL, said the agreement with SYM would not clash with the tie-up with Italjet. More

OVERSEAS BORROWINGS

HCC plans to raise $150 m in overseas market
THE board of directors of Hindustan Construction Company Ltd (HCC) has approved plans to raise funds through FCCBs, SPNs and equity shares through the depository receipt mechanism by way of GDRs/ADRs and other financial instruments (OFIs) ... More

OUTSOURCING

Renault-Nissan likely to source parts from India
A 20-member team is already in place at the Mahindra Renault offices, scouting for potential suppliers for the Logan. More

AWARDS & HONOURS

Power Finance, NTPC bag excellence awards
STATE-owned Power Finance Corporation has won the Memorandum of Understanding Award for Excellence in Performance for 2003-04. The award, instituted by the Department of Public Enterprises, is given every year to the top 10 public sector ... More

FINANCIAL PERFORMANCE

Reliance under pressure on lower refining margins
MORE than the maintenance shutdown of the refinery it is the drop in refining margins that seems to have hit Reliance's performance hard in the third quarter ended December 31. Operating margins are down by more than 2 percentage points for the ... More

NEW PROJECTS

Robert Bosch plans new facility
ROBERT Bosch India on Tuesday said it has invested around Rs 85 crore in its Indian operations, including Rs 45 crore in its new centre. The company also said it is scouting for a second location outside Karnataka to set up a new development ... More

ETA venture with Voltas, Hitachi bags Dubai tower project order
THE UAE-based ETA-led joint venture with Indian major Voltas and Hitachi has won Dh 1 billion contract for mechanical, electrical, plumbing and fire fighting works for the world's tallest tower - Emaar's Burj Dubai. The challenges ahead of ... More

Murudeshwar Ceramics expands capacity
MURUDESHWAR Ceramics Ltd has expanded its production capacity of glazed ceramic tiles to 24,000 sq. m. per day and vitrified tiles to 6,000 sq. m. per day. The commercial production of the first phase of 12,000 sq. m. of glazed ceramic tiles ... More

ALLIANCES & JOINT VENTURES

Ranbaxy inks co-marketing pact with Ferring Intl
RANBAXY Laboratories Ltd has entered into a co-marketing agreement with Ferring International of Switzerland for Desmopressin, which is used in treatment of urology-related disorders. According to a company statement, the drug would be useful ... More

M&M ties up with Rajasthan for industrial park
MAHINDRA & Mahindra has signed a deal with the Rajasthan Government to set up an industrial park near Jaipur, with estimated investments to the tune of Rs 10,000 crore. The first stage of the venture would be focussed on creating an IT Park. ... More

OUTLOOK

MAN to turn venture with Force Motors into truck export hub
EUROPEAN commercial vehicles major MAN AG, which has struck a joint venture with Pune-based Force Motors, plans to utilise its Indian operations as an export hub for the surrounding region, including the rest of Asia and Africa. According to ... More

Coromandel bullish on fertiliser sales, thanks to monsoons
COROMANDEL Fertilisers expects a 15-20 per cent growth in offtake of phosphatic fertilisers this year due to bountiful rains in both the southwest and northeast monsoon seasons. What is more, with surplus rains bolstering storage in the major ... More

PERFORMANCE

Volvo India truck sales up 65 pc
DESPITE a flat market growth, Volvo India closed the year 2005 with sales of 600 trucks, an increase of about 65 per cent from the previous year. Speaking to newspersons here at the launch of the upgraded version of FM9 340 hp 8x4 tipper to ... More

PEOPLE

Madras Fertilisers CMD finds himself subject of probe
WHAT does a chief executive of a public sector company do when he reviews the work of its vigilance department and finds the only person under scrutiny is himself? The Chairman and Managing Director, Madras Fertilisers Ltd (MFL), Mr Sukumar N. ... More

Scoreboard
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line