Financial Daily from THE HINDU group of publications
Monday, January 30, 2006
Markets (January 27)
BSE Sensex9870.79(+185.05)
S&P CNX Nifty2982.75 (+42.40)
US Dollar (Buy/Sell)44.11/44.24


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ACCOUNTING STANDARDS


`Teachers, pros can play proactive role in reforming education'
THE two-day national seminar on `Accounting practices: An interactive dialogue with professionals' concluded here on Saturday, where nearly 200 commerce teachers from various parts of the country were exposed to latest issues and practices in the ... More

OVERSEAS BORROWINGS


Bajaj Hindusthan raises $255.6 m from GDRs, bonds
SUGAR major Bajaj Hindusthan Ltd has informed BSE that it raised $255.604 million through issues of global depository receipts (GDRs) and convertible bonds. The company raised $135.604 million through the issue of 16,700,000 GDRs and $120 ... More

RESTRUCTURING


UB to issue 1 share for every 40 in Mangalore Breweries
UNITED Breweries Ltd will issue one fully paid-up share of Rs 10 for every 40 equity shares of Rs 10 each in Mangalore Breweries and Distilleries Ltd (MBDL). In a BSE notification on Saturday, UB Ltd said that the Committee of Directors has ... More

MERGERS & ACQUISITIONS


Ruia group completes acquisition of IDCOL Rolling Mills — Hirakud Cables takeover in final stages
THE Kolkata-based Ruia Group has completed acquisition of the closed Orissa Government PSU, IDCOL Rolling Mills Ltd (IRML). The acquisition of ailing Hirakud Cables, another State PSU, is also in the final stages of completion. The total ... More

NEW PROJECTS


Mega power project to come up in Maharashtra
MUMBAI: Mr Prithviraj Chavan, Minister of State in Prime Minister's Office, said the 4,000-megawatt ultra mega power project would either come up in Dhopave in Ratnagiri district or Vijaydurg in Sindhdurn district of Maharashtra. The ... More

Alwar unit: Prabha Engineers to see 30 pc rise in sales
Ashok Leyland too to benefit

The plant will fetch Prabha Engineers, which expects to end the current year with a turnover of Rs 50 crore, additional sales of Rs 15 crore — a 30 per cent rise. More

OVERSEAS INVESTMENTS


Wire rope production at Usha Martin US unit likely to start by Sept
PRODUCTION at Usha Martin Ltd's wire rope manufacturing facility in Houston, US is expected to commence by September this year. The first phase of the $15-million project is scheduled to be fully implemented by March 2007. While the project ... More

SOCIETY & DEVELOPMENT


Cricket tournament in Bangalore taps budding talents
WHEN 16-year-olds are already playing national and international cricket, how does one catch them young or younger? The second Himalaya Chyavanprasha Cup (a cricket tournament for the under-15 launched by the Himalaya Drug Company), which just ... More

BONUS ANNOUNCEMENTS


Mercator Q3 net at Rs 59 crore; announces 3:2 bonus
MERCATOR Lines Ltd has reported a net profit of Rs 58.68 crore in the quarter ended December 31, 2005, as against Rs 58 crore in the corresponding previous quarter. The company said the profit was constrained by a substantial increase in ... More

SICK UNITS


Ruias put Dunlop dues at Rs 300 cr — Management looks overseas to raise funds
Dunlop is now busy raising finances preferably loan finances without any equity string attached, mostly from overseas. Dunlop has also applied for a Rs 100-crore loan with a domestic agency to part-finance the same. More

PEOPLE


RmKV's partner had a novel approach to silk saris marketing
MR K. Viswanathan (48), Partner, RmK Visvanatha Pillai & Sons, died in a road accident near Tirunelveli. His approach to marketing the traditional silk saris and the silk `pavadai'(long skirt) made RmKV a household name, not just in Chennai and . More

New ED for BHEL divisions in Bangalore
BANGALORE: Mr V. Viswanathan has taken over as the Executive Director of BHEL's divisions in Bangalore. He now heads the Electronics, Electronics Systems Divisions & Industrial Systems Group, a company release said. Prior to this ... More


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Top Stories
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In Focus

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In Depth

Gender Justice
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Looking back
Jan. 22-Jan. 28
RIL's new SEZ refinery may have to `export' into India

Plans afoot to upgrade National Foundation for Corporate Governance

Teva-Ivax merger likely to create shifts in pharma sector

When `red tape' helped Chemplast shareholders

Toyota workers call off strike; want co not to insist on conduct note

ONGC may get higher prices for C2/C3-rich gas supplies to IPCL

Novartis loses patent claim on cancer drug — Patents Controller upholds Natco contention

ONGC-Reliance PMT venture wants MRPL, instead of IOC, to lift oil


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