The Hindu Business Line : Sunday, February 26, 2006

Madras HC asks aluminium sheet making unit to check pollution
The Madras High Court has issued a warning to an aluminium sheet manufacturing unit in a Chennai suburb that if it failed to take action to contain pollution in the area, the Tamil Nadu Pollution Control Board (TNPCB) would be free to take ... More

RESEARCH & DEVELOPMENT

Ericsson opens R&D facility in Chennai
New services The global service delivery centre will cater to global customers, providing service integration capabilities for complex telecom projects. More

PREFERENTIAL ALLOTMENTS

Suryavanshi pref offer
Suryavanshi Spinning Mills Ltd has informed the stock exchanges that its board of directors at a meeting on Friday had allotted 15,06,747 equity shares of Rs 10 each. The shares have been allotted at a price of Rs 87 each (inclusive of ... More

Cubex EGM clears preferential offer

OPEN OFFERS

Thomas Cook: Reject
Shareholders of Thomas Cook may retain their exposures and steer clear of the open offer at Rs 619.4. The offer is at a premium of about 3 per cent to the market price of about Rs 600. Despite this factor, we believe that Thomas Cook ... More

AWARDS & HONOURS

Corporate excellence award for ONGC
The Amity Corporate Excellence Award was presented to Oil and Natural Gas Corporation Ltd (ONGC) at the eight International Business Summit organised by Amity International Business School. Mr R.S. ... More

AUDITING

Enlarged role for internal auditor
Describing internal audit as a much more difficult function in today's corporate governance scenario compared to external audit, Mr Aloke Mukherjee, chairman, Flakt India, said on Saturday that "he who pays the piper calls the tune" should not ... More

CORPORATE BONDS

Global Trade Finance plans IPO next fiscal
Global Trade Finance Ltd, which is 40 per cent owned by Exim Bank of India, plans to come out with its initial public offering in 2006-07. Its Managing Director, Mr Arvind Sonmale, told Business Line that the size and the exact timing ... More

MERGERS & ACQUISITIONS

Steel thoughts
Merger mood: Mr Ram Villas Paswan , Union Minister for Steel, with his Minister of State, Mr Akhilesh Das, addressing a press conference on the merger of IISCO with SAIL in the Capital on ... More

`No retrenchment at IISCO '
The Minister for Steel, Mr Ram Vilas Paswan, on Saturday assured the workers of IISCO that they would not be retrenched after the company's merger with SAIL. He, however, said that voluntary ... More

RIGHTS ISSUE

Goa Carbon to go for 1:1 rights issue
Goa Carbon Ltd, a part of the Goa-based Dempo Group, and one of the major manufacturers of calcined petroleum coke (CPC) in the country, has announced a 1:1 rights issue at a price of Rs 80 per share. The company hopes to raise Rs 37 crore ... More

OUTLOOK

Sarovar Hotels & Resorts: Hometels for biz travellers
Niche product Being the first mover with the Hometel conceptof limited services hotel in the affluent IT corridor, Fairmont hopes to fulfil the need for a `niche product' for the business travellers. More

Manpower to expand presence
On the back of a growing economy, recruitment service provider Manpower India is planning to expand its presence to 24 cities from the present 10 cities in the next three years. "We see a lot of potential in cities with a million plus ... More

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