Financial Daily from THE HINDU group of publications
Thursday, January 19, 2006
Markets (January 18)
BSE Sensex9237.53 (-76.60)
S&P CNX Nifty2809.20 (-19.90)
US Dollar (Buy/Sell)44.39/44.52


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CORPORATE

MODERNISATION


Dutch co to supply mooring, allied systems to Kochi Refineries
KOCHI Refineries Ltd (KRL) has placed orders worth around Rs 50 crore with the Amsterdam-based Blue Water Energy System (BWES) for supplying Single Point Mooring (SPM) and allied systems for its project in the nearby Puthuvypeen Island. Since ... More

ANNOUNCEMENTS


2 more AIDS drugs of Aurobindo on WHO list
AUROBINDO Pharma Ltd has announced that the World Health Organisation, Geneva, has included two more of its anti-retroviral drugs - Nevirapine oral suspension 50 mg/5 ml and Stavudine oral solution 1 mg/ml - in the pre-qualification ... More

BHEL bags equipment contract for 192 MW hydro project in H.P.
STATE-owned Bharat Heavy Electricals Ltd (BHEL) has won an order to supply equipment for LNJ Bhilwara Group-promoted 192-MW Allain Duhangan hydroelectric project in Himachal Pradesh. In a statement here, BHEL said the company outbid major ... More

RIL pips Anil Ambani group for Bandra-Kurla property
THE successful bid by Reliance Industries Ltd at Rs 1,104 crore for the 7.5 hectare plot in the Bandra Kurla Complex (BKC) on Tuesday was also the first instance of a breach of the so-called `non-compete clause' between the two brothers. Among ... More

COMPANY LAW


e-filing facility for India Inc: Ordinance to amend Cos Act likely
INDIA Inc may no longer be required to visit the Registrar of Companies (RoC) offices to file their documents. The Government is planning to promulgate an Ordinance to amend the Companies Act, 1956, to enable the corporate sector to avail ... More

COURTS/LEGAL ISSUES


Phaarmasia equity revamp
HYDERABAD: Phaarmasia Ltd has informed the stock exchanges that a meeting of its board of directors would be held on January 23 to take note of the orders of Andhra Pradesh High Court on scheme of arrangement among others. In terms of ... More

RESTRUCTURING


Taking the call on Reliance Info, post-demerger
THE imputed value of Reliance Infocomm, the telecom venture under Mr Anil Ambani, works out to Rs 146 per share, post demerger. This is based on the price discovery in the special trading session held today for Reliance Industries, in which the ... More

MERGERS & ACQUISITIONS


Mohan Meakins did not invite us to bid for beer biz: Mallya
`SABMiller may not have followed bidding norms'

DAYS before the prized beer business of Mohan Meakins is set to change hands, liquor major UB group has accused the company of barring it from bidding for the business. UB has also taken on the UK-based SABMiller, one of the favourites to win ... More

NEW PROJECTS


Dubai's Parts Intl plans unit in India
DUBAI-BASED auto component major, Parts International Company, has said it would invest about Rs 16 crore in India over a period of three years. The company also plans to set up a manufacturing unit in the country, and make India an export hub ... More

IOC to seek board approval for Paradip refinery project
INDIAN OIL is planning to seek board approval to go ahead with the jinxed Paradip refinery project. The company is confident that the preparatory work for the 15-million-tonne project, including the appointment of project management and ... More

ONGC to tie up with Cairn Energy
ONGC will enter into an MoU and crude oil sales agreement with Cairn Energy for setting up a 7.5-million-tonne refinery in Rajasthan in a joint venture next week. The proposed refinery will refine 5 mt of crude produced from Cairn's Barmer ... More

Kamdhenu Cement output
NEW DELHI: Kamdhenu Cement, a unit of reinforced steel manufacturer Kamadhenu Ispat Ltd, plans to hike its cement production by 25 per cent during the next fiscal. The company's annual production, which stands at 1.48 lakh tonnes is ... More

ALLIANCES & JOINT VENTURES


Shell, GSPC sign long-term LNG deal
ROYAL Dutch Shell and Gujarat State Petroleum Corporation Ltd (GSPC) have signed a memorandum of understanding under which the latter will buy two million tonnes of Liquefied Natural Gas (LNG) per annum, starting 2010. "We have signed a ... More

Concor ties up with NYK for auto carrier project — Designs special transport wagons
CONTAINER Corporation of India (Concor) has tied up with Japanese shipping giant NYK and is working on a detailed business plan for the end-to-end auto transportation solutions project. The public sector unit has also increased its tariffs for ... More

CHR Global plans tie-ups overseas
CHR Global, a private executive placement and HRD consulting firm, has planned to set up joint ventures in the US, the UK, Singapore and the UAE. Mr Tapash Sengupta, managing director of CHR Global, told Business Line that the company ... More

Milma to use Vanilco vanilla
KOCHI: Vanilla India Producer Company Ltd (Vanilco) and the State-owned milk marketing co-operative establishment, Milma, have entered into an agreement in which the former would supply natural vanilla extract to the latter for using in ... More

INTERVIEW


`We're tiding over pricing pressure'
THE CMD of Biocon, Ms Kiran Mazumdar-Shaw believes that the company's performance in Q3 has been very good. She admits to facing pricing pressure, but says that the product mix is getting better. Ms Mazumdar Shaw is also expecting premium ... More

DIVERSIFICATION


Aqua group to pump in funds, diversify
The company's turnover has grown from Rs 25 crore in 1990 to Rs 200 crore (expected for 2005-06) More

OUTLOOK


JIK Ind to focus on crystal ware
AFTER a major downturn, JIK Industries Ltd has decided to focus on its high-margin crystal ware manufacturing business to reach a growth path. A series of events necessitated this approach, prompting the company to completely exit from the ... More
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Top Stories
Signals for commodity boom to continue in 2006


IOC to seek board approval for Paradip refinery project

Tanishq design to push diamonds this season

New SEBI norms for institutional placement

Nagarjuna Power rejects Jindal's offer to buy out Udupi project

e-filing facility for India Inc: Ordinance to amend Cos Act likely

Milk powder prices spurt on low stocks — Shortage likely during summer

In Focus

Auto Expo 2006
IPO Scams
FDI in retail sector
Dynamic Tirupur
Surging Sensex
Gold scaling new highs
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Jan. 8-Jan. 14
ONGC to go for best exploration practices

SAIL charting new mining proposal — Dry beneficiation plant at Chhattisgarh

Reliance demands compensation for selling petro products below cost price

Industry to have a say in `large taxpayer units' scheme implementation

Tata-Fiat alliance agrees to leverage mutual strengths

Gokuldas Images sells 16 pc stake to IL&FS — Major expansion in Weekender proposed

Volvo may bag another order for 25 buses


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