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Friday, March 10, 2006
Markets (March 9)
BSE Sensex10573.54 (+64.69)
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CORPORATE

POLLUTION


Pepsi bottling plant in Vizag told not to use groundwater
The bottling unit was directed not to use groundwater and to meet its entire requirement from municipal supply (surface water) from April 1. More

ANNOUNCEMENTS


Dunlop Zimbabwe downs shutters
Dunlop Zimbabwe, a subsidiary of Dunlop International (better known as Dunlop South Africa), proposed to be taken over by the Indian tyre major Apollo Tyres Ltd, has downed shutters owing to a foreign exchange crisis. The company is heavily ... More

Siemens bags Rs 640-cr Qatar order
Siemens Ltd today said it has received an Rs 640-crore order from Qatar General Electricity and Water Corporation (KAHRAMAA) for the development of power transmission network in and around Doha. The order has been bagged by a ... More

Agri consultant ABG launches Indian operations
ABG Inc, part of the US-based Adayana Inc and a leading global player in agri-business performance solutions, has announced the formal launch of its Indian operations here on Thursday. According to the ABG CEO and President, Mr Michael A. ... More

Madhucon bags Rs 330-cr NHAI order
Madhucon Projects Ltd (MPL) has announced that it has bagged Rs 330-crore order from the National Highways Authority of India (NHAI) for the national highway project between Thanjavur-Tiruchy section in Tamil Nadu on BOT (build, ... More

MERGERS & ACQUISITIONS


IA urges Govt not to give Jet `special rights'
Indian Airlines (IA) has asked the Government to exercise caution while allocating airport facilities vacated by Air Sahara, which will be taken over by Jet Airways after the merger of the two airlines. In a communication to the Government, it ... More

Blow Plast, VIP to consider merger
Blow Plast Ltd and VIP Industries Ltd, both from the Dilip Piramal group, today said that their boards have constituted committees to evaluate a potential merger of the two companies. The committees would also appoint independent valuers to ... More

CORPORATE GOVERNANCE


Yash Birla unveils new logo
The Yash Birla Group, one of India's leading industrial groups, unveiled its new group identity. Speaking on this occasion Mr Yash Birla, Chairman of the group said, "We are proud to introduce our new corporate identity. Our new ... More

NEW PROJECTS


ONGC Nigerian plan hits snag
Cabinet has doubts over investment size More

Timex plans another facility in Himachal
More

Decision on Tata Motors' project in Bengal likely soon
`Co expresses satisfaction over fiscal benefits' More

Regal-Beloit opens design centre at Hyderabad
The US-based Regal-Beloit Corporation, a $1.4-billion manufacturer of electrical and other motors, has established an engineering design-cum-global technology centre in Hyderabad with an investment of about $4 million. The President and Chief ... More

JK Paper plans to invest Rs 700 cr
The New Delhi-based JK Paper is considering investment of around Rs 700 crore in the next 3-5 years to increase its production capacity to five lakh tonnes per annum (tpa). "Our turnover would be Rs 1,000 crore or more in the next 3-5 years as ... More

ALLIANCES & JOINT VENTURES


Saamya Biotech, IICT enter pact
Saamya Biotech (India) Ltd (SBIL) has signed a pact with the Indian Institute of Chemical Technology (IICT). Under the agreement, IICT would provide the SBIL with required facilities for the indigenisation of the technology the ... More

Ranbaxy in pact with Zenotech Labs
Ranbaxy Laboratories Ltd has entered into a strategic alliance with Zenotech Laboratories, India, as per which, the former will market the latter's injectible oncology products under its own label. While initially, Ranbaxy will be marketing and ... More

INTERVIEW


`Mood upbeat in Mumbai's realty sector'
Textile mill area likely to see stability in prices now More

DIVERSIFICATION


Shringar Cinema enters food court biz
Shringar Cinemas Ltd has announced its foray into the food court business through a wholly owned subsidiary, Oxford Multiplex Cinemas Private Ltd. The food courts will operate under the brand name, Via 1 Food Street. The company would formally ... More

RIGHTS ISSUE


Sunshield Chem plans 1:1 rights
Sunshield Chemicals Ltd, a Amit Choksey group company, has announced a 1:1 rights issue. The company is raising long-term resources to fund its expansion and diversification plans at a cost of around Rs 30 crore and for redeeming ... More

OUTLOOK


Toyota Kirloskar hopes to break even in 2006
Launches new version Camry in Rs 19.8 lakh-Rs 21.4 lakh price range More

MICO to invest Rs 800 cr in 2 yrs; Bosch Rs 500 cr
Robert Bosch India to hire 1,000 engineers More

ONGC processing programme
ONGC will launch a high tech on-board 3D seismic data acquisition and processing programme in its offshore exploration blocks in the deep waters of Bay of Bengal and Indian Ocean from October 2006 to March 2007. The company has ... More

JHS Svendgaard looking to acquire brand
To tap capital market with Rs 50-cr IPO More

Canoro working on Amguri block plan
Canoro Resources has completed its re-entry programme at the old wells in Amguri block and is nearing finalisation of a development programme for the entire block. Amguri is an old block once abandoned by ONGC. Canoro holds 60 ... More

PEOPLE


Russell Parera is KPMG India CEO
Professional services firm KPMG on Thursday named Mr Russell Parera as Chief Executive Officer of its Indian operations from July 1. Mr Parera, now KPMG's head of audit services in the country, would take over from Managing ... More

Biocon chief tops poll of biotech personalities outside US, Europe
Biocon's chief, Ms Kiran Mazumdar-Shaw, has been adjudged the "most influential" person in bio-business outside the US and Europe, according to an international poll conducted by the Nature Biotechnology journal. She figures in a list of ... More


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Union Budget 2006-2007

Economic Survey 2005-2006


Top Stories
Matching Kyushu's hardware with India's software


MICO to invest Rs 800 cr in 2 yrs; Bosch Rs 500 cr

JM Baxi to roll out container train in June

ING keen on pension foray, ready to wait

Rubber production to exceed targets

Cement scrips zoom

FDI inflow up 326 pc in Jan

ONGC Nigerian plan hits snag

MRP-linked duty a bitter pill for pharma sector

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
Feb. 26-Mar. 4
Gas supply issue: Meet today to resolve deadlock
Chiefs of Panna-Mukta venture partners, GAIL to participate


Tatas move to buy Birla stake in Idea Cellular

Delay proves costly for ONGC in Nigeria



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