The Hindu Business Line : Saturday, March 11, 2006

GAIL not to levy marketing margins on gas sale
GAIL (India) Ltd on Friday said that it would discontinue levying of marketing margin on the sale of natural gas covered under the Gas Pricing Order. In a statement issued here the company said, this follows a communication from the Ministry of ... More

Essar Oil plea to include CBM in exploration licence
Onshore block in Cambay basin More

CORPORATE DISPUTES

CLB formula may resolve spat over Haldia Petrochem
TCG to be largest shareholder, will not contest share allotment to IDBI, IOC More

COMPANY LAW

ICSI plans to revamp syllabus
In to bid to incorporate the changes made to the Corporate Laws and also to further strengthen the profession, the Institute of Company Secretaries of India (ICSI) is planning to go in for a major revamp of its syllabus, the newly-elected ... More

HUMAN RESOURCES

Husys unveils HR support for SMEs
Husys Consulting Pvt Ltd (HCPL), a Hyderabad-based HR consultancy company, has announced the launch of cost-effective HR support initiatives targeted at SMEs. Speaking to newspersons, the HCPL Chief Facilitator, Mr G.R. Reddy, said that his ... More

MERGERS & ACQUISITIONS

Promoters consolidate holding in India Cements
Three investment companies belonging to Mr N. Srinivasan, Vice-Chairman and Managing Director, and Mr N. Ramachandran, Executive Director, The Indian Cements Ltd, have completed the acquisition of 4.19 per cent stake from the Sanmar group, for a ... More

NEW PROJECTS

Bajaj unveils investment plan
To boost capacity, roll out new products More

Raymond plans Rs 197-cr expansion
The company is set to undertake a Rs 197-crore project envisaging expansion of its production capacity of worsted suiting at its Vapi unit in Gujarat by three million metres per annum. This would be an integrated facility starting from spinning ... More

Telephoto plans multiplex in Chennai
The Chennai-based Telephoto Entertainment, through its 100 per cent subsidiary, AGS Properties, has signed an agreement to buy a 17-ground property in Arumbakkam in Chennai where the company plans to set up a multiplex. The majority ... More

OVERSEAS INVESTMENTS

Oil India, IOC to buy 90 pc stake in African block
Consortium to invest $12.5 m More

ALLIANCES & JOINT VENTURES

GSHCL, Godrej Agrovet tie-up
The state-owned Goa State Horticulture Corporation Ltd (GSHCL) has decided to tie-up with Godrej Agrovet Ltd in its new venture to sell Mancorad mangoes in the three cities of Mumbai, Pune and New Delhi this season. The plan is ... More

Sultan of Brunei is SPIC's partner in Jordan venture
Southern Petrochemical Industries Corporation (SPIC) sees the sale of its partner's stake in Indo-Jordan Chemicals Company to the Brunei Investment Agency as a good augury for itself. "It is good for us," Mr A.C. Muthiah, Chairman, SPIC, told ... More

INCOME TAX

Quantification conundrum
The IT Department had all along taken the stand that some sort of an expenditure has to be incurred to earn tax-free income, and this expenditure needs to be disallowed. The Finance Bill makes it mandatory to quantify the expenditure incurred for earning exempt income More

OUTLOOK

Gas output from KG Basin blocks to begin by June: Raha
More

Ambica Jute Mills firms up plans to roll out retail outlets
National rollout plan to be based on franchisee model More

Ruia Group may strike deal for Rs 350-cr loan for Dunlop
Lending consortium to pick up minority stake More

Texport bullish on southern AC market
Texport Electronics Ltd (TEL), which owns the AVI range of air conditioners, is bullish on the southern AC market, the fastest growing regional market in the country. According to TEL Managing Director, Major Raj Sahai, the southern AC market ... More

Ultra Group eyes Rs 20 cr from DVD films segment
To launch 50 films in DVD format More

PEOPLE

Raha to head Mangalore SEZ Co
Mr Subir Raha, Chairman and Managing Director of ONGC and Chairman of its subsidiary Mangalore Refinery & Petrochemicals Ltd (MRPL), has been unanimously chosen as the Chairman of the newly formed Mangalore SEZ Company Ltd in its More

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Union Budget 2006-2007

Economic Survey 2005-2006

`RBI will manage liquidity through range of tools'

Tyre manufacturers to import 25,000 t rubber

Crude oil imports pegged at 110 mt

Forex reserves rise $1.5 b

Oil India, IOC to buy 90 pc stake in African block

`Product duplication prevalent in every industry'

`India can be made manufacturing hub'

In Focus

Infrastructure woes stare IT sector