The Hindu Business Line : Wednesday, February 15, 2006

IVRCL Infrastructure bags Rs 265-cr orders
IVRCL Infrastructures & Projects Ltd has announced that its orderbook position has improved by Rs 265-crore from January 10 with several new orders. In a press release here the company said it bagged Indira Sagar project (Polavaram project) ... More

LIC sells 2.18 pc stake in Dr Reddy's
DR Reddy's Laboratories Ltd has informed the stock exchanges that Life Insurance Corporation of India has sold 16,67,144 shares aggregating to 2.18 per cent of share capital of Dr Reddy's Labs on January 30. The mode of sale is market sale. ... More

PREFERENTIAL ALLOTMENTS

Riddhi Siddhi to issue shares to Roquette Freres
RIDDHI Siddhi Gluco Biols Ltd at its board meeting on Tuesday approved the preferential allotment of 15,78,100 shares to Roquette Freres at a premium of Rs 190 per Rs 10 share. It also approved the issuance of 85,500 warrants to Roquette and ... More

CORPORATE DISPUTES

HC begins hearing on Birlas' plea
KOLKATA: A Division Bench of the Calcutta High Court comprising Mr Justice Pinaki Chandra Ghose and Mr Justice Tapan Kumar Dutt on Monday began hearing of the appeal filed by K.K. Birla, S.K. Birla and Y. Birla against the order of Mr ... More

OVERSEAS BORROWINGS

NTPC to raise $ 1 b in debt
NEW DELHI: NTPC Ltd has announced the signing of an agreement to raise up to $1 billion from overseas debt markets. The `Medium Term Note' programme would facilitate raising funds on a regular basis from the international debt capital ... More

Mahindra to raise $200 m
MAHINDRA & Mahindra Ltd informed on Tuesday that its board has approved the raising of additional long-term resources of up to $200 million. The amount could be raised in one or more tranches from the domestic or international markets using ... More

ENVIRONMENT

Global eco certification
HYDERABAD: Priyadarshini Spinning Mills Ltd, a leading manufacturer in cotton and synthetic yarn, had recently achieved the Oeko-Tex Standard 100 certification. The Oeko-Tex Standard 100 comprehensively addresses the human ecology ... More

FINANCIAL PERFORMANCE

HLL back in the driver's seat
THE numbers that HLL unveiled on Tuesday should pleasantly surprise even those already expecting a revival in the FMCG giant's fortunes. With 11 per cent growth in net sales for 2005, it has gone straight from shrinking sales last year to ... More

HUMAN RESOURCES

New management programme to let students get exposure to industry
INDUSTRY has been concerned about the quality of students passing out of engineering and management colleges for a long time, according to Mr J.N. Amrolia, Executive Director, Ashok Leyland. Speaking at the announcement of the student ... More

MERGERS & ACQUISITIONS

Reliance Private Equity picks up 44 pc stake in DTDC for Rs 70 cr
RELIANCE Private Equity, a division of Reliance Capital, a group company of Reliance-Anil Dhirubhai Ambani Group (ADAG) has acquired 44 per cent stake in DTDC Group, a leading courier and express service company. The Chairman and Managing ... More

United Phosphorus buys Dutch seed firm for 100 m euros
UNITED Phosphorus Ltd (UPL) has announced that it has acquired a seeds company called Advanta Netherlands Holdings BV for a total consideration of 100 million euros. UPL has acquired this company through its subsidiary in Mauritius. "With ... More

Wockhardt to raise up to $500 m for acquisitions abroad — Q4 net dips 23 pc to Rs 51 cr
EVEN as it sits on a kitty of $100 million, Wockhardt Ltd has got the green signal from its board to raise up to $500 million (about Rs 2,208 crore), primarily to support its acquisition plans in Europe and the US. "It is only an enabling ... More

Colour Chem acquires Chemtreat
MUMBAI: Colour Chem Ltd has informed the BSE that it has acquired 100 per cent stake in Chemtreat Composites India Pvt Ltd, Navi Mumbai, and the manufacturing unit at Khopoli, at a cost of Rs 9 crore. Chemtreat Composites India Pvt Ltd ... More

NEW PROJECTS

GRT Regency to expand to smaller towns in South
Leveraging on the location of the property in Kancheepuram, there are plans to start industrial catering to factories in the vicinity. More

Hatsun Agro expands capacity to target export markets
HATSUN Agro Product Ltd is expanding in the export market and also strengthening its capacity here to target new markets, said Mr R. G. Chandramogan, Chairman and Managing Director, Hatsun Agro. He said that in the current year, its exports ... More

OUTLOOK

Bharat Bio says clinical trials on rotavirus vaccines encouraging
BHARAT Biotech International Ltd (BBIL), the Hyderabad-based vaccines and biotherapeutics manufacturer, has announced that the Indian Rotavirus Vaccine Development Project (RVDP) has achieved encouraging results from the recent phase-I clinical ... More

Miditech to launch new reality show formats
MIDITECH, popular for its reality shows such as Indian Idol (Sony), is all set to launch its own indigenous formats of reality shows. Mr Nikhil Alva, Chief Executive Officer, Miditech, told Business Line, "All these years we were ... More

HLL: Cost-cutting exercise to continue
HINDUSTAN Lever Ltd (HLL), which reported double-digit topline growth after several quarters, said it would drive the cost reduction initiative further in a market that is competitive. The FMCG major does not rule out margin pressure but said ... More

TRENDS

Suzuki chief ferries Japanese dealers on `incentive' trip to India
IS Suzuki Motor Corporation seeing India as its largest market in the coming years? This could be reason enough for the Chairman and CEO, Suzuki Motor Corporation, Mr Osamu Suzuki, to arrange 16 flights carrying about 2,400 top performing ... More

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Air Sahara strike withdrawn; Normal flights from today

Reliance Private Equity picks up 44 pc stake in DTDC for Rs 70 cr

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The on-again, off-again nuclear deal

HLL back in the driver's seat

In Focus

Infrastructure woes stare IT sector

IPO Scams