The Hindu Business Line : Saturday, January 28, 2006

Mittal Steel launches bid for Arcelor — $ 22.7-b offer aimed at creating `European consolidation'
THE Kolkata-born global steel baron Mr L.N. Mittal has launched a Euro 18.6-billion ($22.7 billion) takeover bid for Arcelor, the world's second largest steel producer. NYSE and Euronext Amsterdam listed Mittal Steel NV, the largest steel ... More

Arcelor takeover: Matter of pride, says SAIL Chairman
NEW DELHI: It is quite a happy thing, mainly for two reasons, according to the SAIL Chairman, Mr. V.S. Jain. First, it is a matter of pride that an Indian has reached this height to control such a leading share of interest in global ... More

Sensex crosses 9,800-mark
THE BSE-30 Sensex reached within a sniffing distance of the magical 10,000 points' mark on Friday, as stock markets continued to rally on foreign fund buying and better-than-expected third quarter earnings coupled with an anticipation of huge ... More

Bids not opened as AAI employees protest
THE Ministry of Civil Aviation today resembled a war zone with a sea of AAI workers laying siege to the building, protesting against the Government's move to modernise and restructure the airports in Mumbai and Delhi. Watching from the ... More

Bombay HC stays Ganesh Bank-Federal Bank merger
In its order, the court observed: "It is not known as to how any such scheme (scheme of amalgamation) was drawn within such a short time and how it was accepted on January 9, 2006 and a proposal was given." More

Novartis patent for cancer drug rejected: Will it open up window of opportunity for generics?
At least not for now, says Mr Y.K. Sapru of the Cancer Patients Aid Association (CPAA), reacting to the Indian Patent Office's decision to refuse Novartis a patent on anti-cancer drug Gleevec (imatinib mesylate). The association has been ... More

Juniper bullish on India — Sees growth in managed, broadband services
JUNIPER Networks Inc is bullish on India with its range of products and sees scope in growing the managed services and broadband market in the region. Juniper, which has just about completed 10 years of its existence, has become a $2 billion ... More

Reliance Info offers daily, weekly recharge options
RELIANCE Infocomm has launched prepaid recharge options with daily and weekly validity under its One Nation-One Rupee plan. The daily validity recharge costs Rs 75 with talktime value of Rs 40, the weekly option costs Rs 275, with talktime value ... More

AMD Live! PCs to hit market soon
LIVE! PCs by chipmaker Advanced Micro Devices (AMD) will soon take care of the entire digital home entertainment needs. With the new Live! PCs, parents could watch a movie in the living room, while children listen to music or play an online ... More

IOC incurs Rs 5.8-cr loss in Q3
'Under realisation of petrol, diesel the main cause'
INDIAN Oil Corporation Ltd (IOC) has posted a net loss of Rs 5.83 crore for the quarter ended December 31, 2005. This is against a net profit of Rs 1,286.76 crore that the company had earned during the corresponding previous quarter. The ... More

Inflation up on dearer manufactured products
THE annual wholesale price index-based inflation rose 4.4 per cent during the week ended January 14, higher than the previous week's annual rise of 4.24 per cent. The increase in the year-on-year inflation rate was largely on account of a rise in ... More

Central India in grip of cold wave
ALMOST the entire central India is reeling under cold wave conditions in an unusual turn of weather events occasioned by the southward shifting of the seasonal anti-cyclone. On Friday, the anti-cyclone was sitting over west Madhya Pradesh, ... More