Financial Daily from THE HINDU group of publications
Saturday, February 04, 2006
Markets (Feb 03)
BSE Sensex9742.58(-101.29)
S&P CNX Nifty2940.60 (-26.85)
US Dollar (Buy/Sell)44.15/44.28



Group Sites



Suzlon forays into Australian market
WIND turbine manufacturer Suzlon has announced its entry into the Australian market with a contract to commission a wind farm consisting of 45 units of the S88 - 2.1 MW by Suzlon Energy Australia Pty Ltd (SEA) of Melbourne, a subsidiary of Suzlon ... More


SC refuses to quash criminal proceedings against Lodha
THE Supreme Court on Friday refused to quash the criminal proceedings pending before a Kolkata court against Mr R.S. Lodha and three others for allegedly forging the will of the late Priyamvada Birla. While allowing the trial to go on, the court ... More

SC verdict: Birlas seek Lodha's resignation from group posts
THE legal team of the Birlas on Friday sought the resignation of Mr Rajendra Singh Lodha from the post of Chairman of Birla Corporation Ltd and other organisations of the MP Birla Group. Addressing a press conference, Mr N.G. Khaitan of the ... More


Monnet Ispat to raise $60 m thru FCCBs
NEW DELHI: Monnet Ispat Ltd has decided to raise $60 million by way of foreign currency convertible bonds (FCCBs), which will be listed on the Singapore Stock Exchange. The FCCBs, having a maturity period of five years, are convertible ... More


GAIL wins e-governance award
KOCHI: GAIL (India) Ltd has won the Golden Icon Award for exemplary initiatives in e-governance. The award was presented by the State PWD Minister, Dr M.K. Muneer, to Mr R.K. Goel, Director (Finance), GAIL at a function here during the ... More


To prevent talent poaching — ONGC seeks more autonomy on fixing pay
CONCERNED at increased instances of talent poaching, oil giant Oil and Natural Gas Corporation (ONGC) has pressed for greater autonomy in deciding employees' remuneration. The company has approached the Department of Public Enterprises (DPE) ... More


Sun Pharma to discuss R&D unit spin-off
SUN Pharmaceutical Industries Ltd will take up a proposal to spin off its research and development operations, at its forthcoming board meet on February 9. The company will consider the proposal for demerger of its R&D operations, including ... More

LG Electronics merges room, commercial AC divisions
LG Electronics today announced the merger of its room and commercial air-conditioner divisions. Post this merger, Mr Ajay Bajaj has been designated as the Business Group Head of the AC division, heading both room and commercial AC categories. ... More


L&T to acquire Spectrum Infotech
LARSEN & Toubro Ltd (L&T) has entered into a MoU for acquiring 100 per cent shareholding of Spectrum Infotech Pvt Ltd, a Bangalore-based defence electronics and aerospace R&D company. The acquisition is in line with L&T's strategy to More

Global M&A meet explores cross-border activity in India
HELPING India Inc Go Global — that was the theme of a recent meeting organised by IMAP (International Network of M&A Partners) in New Delhi. The two-day meeting, which explored opportunities for cross-border M&A activity between India a More


`Regulations do not add value to corporate governance'
THE Sarbanes Oxley Act attempts to solve problems that did not exist, according to Mr Shyam Sunder, James L. Frank Professor of Accounting, Economics and Finance, Yale School of Management, and President-elect of the American Accounting ... More


Apollo Hospitals plans to foray into Mumbai
IT is conspicuous by its absence in Mumbai. But the Apollo Hospitals Group is finally set to break its Mumbai impasse with plans to set up two super-speciality hospitals in the city. Apollo Hospitals' plan to aggressively explore ... More

RINL to appoint consultant soon for expansion
The consultant would prepare the designs and drawings, assist the plant authorities from the tendering stage and also in supervision. The equipment manufacturing and civil works would begin later. More

Eco-friendly tech project
VISAKHAPATNAM: As a part of Clean Development Mechanism, Coromandel Fertilisers Ltd here is in the process of commissioning another eco-friendly project, according to a press release issued by the company. Presently, the factory is ... More

Venkys Pet investing Rs 15 cr in plant, research centre
VENKYS Pet, a division of the Venkateshwara Hatcheries group, has announced an investment of Rs 15 crore in its pet food manufacturing plant and research centre for companion animal nutrition. Focusing on the top segment of dog and cat foods in ... More

Siemens to invest Rs 30 cr in Gujarat turbine plant
SIEMENS Ltd on Friday announced that it would invest Rs 30 crore to set up an industrial steam turbine factory at Vadodara in Gujarat. The unit would be on stream by December. The cited investment covers only the first phase of the project. At ... More

Triveni Engg to set up mills in UP
NEW DELHI: Triveni Engineering and Industries will set up two new sugar factories in Uttar Pradesh with a cane crushing capacity of 5,000 tonnes a day each. The new factories would come up at Chandanpur, J.P. Nagar District and Rani ... More


E-filing facility for cos to begin on Feb 18 — Existing board of directors told to get ID nos
THE Ministry of Company Affairs will roll out its pilot e-governance initiative MCA-21 on February 18 at Coimbatore followed by Jaipur on 27. "It is the first flagship project of the Government to provide a comprehensive set of services to the ... More


Dadri, Patalganga projects: Reliance to supply gas at $3.18
RELIANCE Industries Ltd has entered into an agreement with Reliance Natural Resources Ltd (RNRL), one of the four demerged companies now in the Anil Dhirubhai Ambani Enterprises fold, to supply up to 28 MMSCMD of gas at $3.18 per MMBTU. The ... More

TERI, BP undertake $9.4-m bio-fuel production project
BP (British Petroleum) and The Energy and Resources Institute on Thursday announced that they will jointly undertake a $9.4-million project for bio-fuel production. In a statement issued here, TERI said that BP would fund the project, which ... More

Indoco unit gets USFDA nod
MUMBAI: Indoco Remedies Ltd has received approval from the United States Food and Drug Administration for its sterile ophthalmic preparations facility at the Goa plant. This will facilitate the production and export of Indoco's ophthalmic ... More


Margins sustainable, says Tata Chemicals
THE Tata Chemicals' Chief Financial Officer, Mr P.K. Ghose, says that their margins are sustainable as Asian prices are seen firm. He adds that, their soda ash and cement realisations are higher. Excerpts from CNBC-TV18's exclusive interview ... More


Sterlite bonus issue
MUMBAI: Sterlite Industries India Ltd has informed the Bombay Stock Exchange (BSE) that its board of directors is meeting on February 10, to consider an issue of bonus shares and a stock split. According to dealers, the stock split is ... More


Omaxe Construction to come out with IPO by year-end
REAL estate company Omaxe Construction Ltd on Wednesday said it plans to go for an initial public offering (IPO) by December 2006, putting 25 per cent stake on the block. "Within one month, we will go for a private placement entailing 15 per ... More
SE Diary

Comments & Letters to the Editor to:
Subscribe to: Business Line

Top Stories
Antrix-EADS Astrium team to build satellite for Eutelsat

Satyam sets up automotive centre in Detroit

`Growth in manufacturing sector key to generating employment'

Asia-Pacific packaged software market may touch $13.4 b this year: IDC

SFCs more open now to corporate debt revamp

Govt set to garner Rs 1,100 cr from FM radio privatisation

Soyameal exports may top 22 lakh t by March-end

L&T to acquire Spectrum Infotech

In Focus

Infrastructure woes stare IT sector
IPO Scams
FDI in retail sector
Dynamic Tirupur
Surging Sensex
Gold scaling new highs

In Depth

Gender Justice
Simple Economics
Tax Talk

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


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line