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Friday, February 10, 2006
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CORPORATE

ANNOUNCEMENTS


BHEL bags Rs 76-cr order for captive power plant
STATE-OWNED equipment major Bharat Heavy Electricals Ltd (BHEL) has bagged an order worth Rs 76 crore for installing a captive power plant in an upcoming coke oven plant in West Bengal. The order has been placed on BHEL by Hooghly Metcoke and ... More

ONGC Bassein field starts production of oil — 9,000 barrels a day expected
THE D-1 field of ONGC's Bassein and satellite asset located in the deep continental shelf area of Mumbai offshore goes on production with the first development well (P3) of D-1 field producing oil on Wednesday. A release from ONGC here said ... More

23% Indo Rama interim
NEW DELHI: Indo Rama Textiles Ltd declared an interim dividend of 23 per cent. The company has cited "potentially profitable outlook" for the current year. "The future outlook of the textile industry appears to be bright, and is ... More

CORPORATE DISPUTES


ADAG identifies deviations in gas pact, non-compete clause
THE board meetings of the four Reliance-Anil Dhirubhai Ambani Group companies have identified significant deviations from the agreed position in `gas supply agreement' and `non-compete agreement', sources said. The deviations that have been ... More

OVERSEAS BORROWINGS


Panacea Biotec's $100-m FCCB
NEW DELHI: Panacea Biotec has launched $100-million foreign currency convertible bonds to fund its expansion plans. The bonds will be issued for five years and can be converted into shares at a premium to the future price of the ... More

AWARDS & HONOURS


Marico institutes `Innovation' awards
Marico Ltd in partnership with Erehwon Innovation Consulting has instituted "Innovation for India" awards. The awards aim to recognise the innovations in the recent past that have "positively impacted lives", a release stated. Applications for ... More

Kerala Minister to present Management award
THIRUVANANTHAPURAM: The Management Leadership Award 2005 instituted by the Trivandrum Management Association will be presented on Friday. The Kerala Minister for Ports and Cooperation, Mr M.V. Raghavan, will present the award to Dr J. ... More

Zee Gaurav awards presented
ZEE Gaurav, in its seventh year, has awarded outstanding performances from 18 categories in films, 10 categories in commercial plays and five in experimental plays. This year, Zee Gaurav felicitated well-known Marathi film actor Nilu Phule and ... More

Award for Lanco Green
HYDERABAD: Solar Energy Society of India (SESI) has awarded the Business Leadership Award (Hydro Power) for the year 2005 to Lanco Green Power Pvt Ltd. The award was presented to Lanco by the Union Minister of State for Non-Conventional ... More

INSIGHT


The way to build strengths through M&As
IT IS 15 years since the process of liberalisation started, and India Inc. is on the path to building MNCs (Multi-National Companies) across the globe. It is the desire of every enterprise to go global through sales ... More

COURTS/LEGAL ISSUES


Trademark issue: Honda Motors sues TVS Motor
HONDA Motors has filed a suit against TVS Motor for alleged infringing of the `City' trademark, which was used by TVS in its product `Star City', in the court of Mr Justice K.J. Sengupta of the Calcutta High Court. Honda Giken Logyo Kabushiki ... More

CONSULTING


KPMG opens office in Pune
THE city's IT, ITES and strong manufacturing base has pulled in yet another global player, the $16-billion professional services firm KPMG, which has now opened its offices here to offer audit, tax and advisory services through a 50-member ... More

RESTRUCTURING


JK Industries plans investment recast
JK Industries Ltd (JKI) is planning to hive off the investments of the company into a separate undertaking as part of its second phase of restructuring. The restructuring would enable JKI to emerge as a completely tyre-focused firm, a company ... More

MERGERS & ACQUISITIONS


More than 30 M&A deals in January: Assocham
MERGERS and acquisitions are off to a flying start in 2006, with more than 30 M&A deals struck in January itself. Jet Airways's $500-million takeover of Sahara Airlines, Malaysia's Maxis Communication picking up majority stake in Aircel for ... More

Fidelity takes stake in Suven
HYDERABAD: Fidelity International has informed the stock exchanges that FID FDS (Mauritius) Ltd has acquired 59,829 shares aggregating to 0.24 per cent of the share capital of Suven Life Sciences Ltd on February 6. The mode of ... More

NEW PROJECTS


Godrej Sara Lee to set up new unit in Jammu
GODREJ Sara Lee Ltd, a company that manufactures and markets household insecticides, plans to set up a factory in Jammu, according to Mr Ashutosh Tiwari, Vice-President, Marketing, Godrej Sara Lee Ltd. The company has traditionally been ... More

OVERSEAS INVESTMENTS


Motherboard manufacture — Gigabyte to make India hub for Asia-Pacific ops
THE Taiwan-based Gigabyte Technology, one of the top five manufacturers of motherboards in the world, has decided to make India one of the hubs for its Asia-Pacific operations. Already the company is in the process of acquiring 10 acres of land ... More

REGULATORY BODIES & RULINGS


Cipla gets marketing approval on generic Tamiflu
CIPLA has received marketing approval from the Drug Controller General of India to market the generic version of Tamiflu, the bird-flu drug globally marketed by Roche. A senior representative with Cipla confirmed the development and said that ... More

TRADE & LABOUR UNIONS


`Labour issue delaying decision on Toyota's small car plant' — Japanese trade team visits Bangalore
THE Toyota/Daihatsu small car plant proposal for India is alive but the recent labour-related trouble at Toyota Kirloskar Motor Ltd's Bidadi plant near here has delayed a decision, Japanese officials on trade mission said on ... More

ALLIANCES & JOINT VENTURES


ONGC pact with Malaysian co
ONGC and Asian Supply Base Sdn Bhd (ASB) Malaysia have entered into a three-year term contract as per an agreement signed here on Wednesday, said a release from ONGC. An MoU to this effect had been signed between the two on September 9, ... More

Kinetic, Taiwanese co tie up to manufacture scooters — New roll-out in nine months
KINETIC Motor Company and Taiwanese two-wheeler manufacturer Sanyang Industry Co Ltd (SYM) on Thursday announced plans to manufacture a range of scooters from SYM's global portfolio in India. The alliance is also exploring other ... More

IPOS


Coal India seeks approval for IPO proposal — Plan to mop up Rs 3,000 cr
Face value of share to be Rs 10 and the issue would be made at a premium of Rs 100 per share. More
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Top Stories
ADAG identifies deviations in gas pact, non-compete clause


`Labour issue delaying decision on Toyota's small car plant' — Japanese trade team visits Bangalore

Bad money drives good money out

Renewal of contracts — Global reinsurers unlikely to hike rates for India

Firm prices at Coonoor sale spell good times for tea sector

Airtel completes phase 1 of I-T Dept tech initiative — To connect I-T offices in 510 cities

In Focus

Infrastructure woes stare IT sector
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. 29-Feb. 4
Lupin steps up pace in Europe

NHAI signs Rs 490-cr pacts with Reliance Energy-promoted SPVs

BPL plans to shift colour TV plant in Slovenia to Poland

IndianOil shows interest in Niko's oil, gas assets

Strategic investment gathers steam

ONGC likely to get valuation report on SPIC Petro soon

Tata Cummins to begin manufacturing ISB engine — Cummins, Tata Motors sign pact

L&T to acquire Spectrum Infotech


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