Financial Daily from THE HINDU group of publications
Friday, March 17, 2006
Markets (March 16)
BSE Sensex10878.74(+77.02)
S&P CNX Nifty3226.60 (+31.25)
US Dollar (Buy/Sell)44.45 (-0.05)


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ANNOUNCEMENTS


Viceroy Hotels clears equity, warrants issues
The board of directors of Viceroy Hotels Ltd has approved the proposals to issue equity shares and warrants. The company informed the stock exchanges that the board cleared issue of 40,25,000 equity shares of Rs 10 each at a premium of Rs 90 ... More

Siemens bags orders worth Rs 68 cr
Siemens Ltd has bagged three orders from the cement industry, valued at Rs 68 crore. These contracts, including two export projects, are from National Cement Company, Yemen; Ashaka Cement Plant (Lafarge), Nigeria; and Vasavadatta Cement, ... More

Aurobindo drug gets US FDA nod
Aurobindo Pharma Ltd has announced that it has received the first approval for its New Drug Application (NDA) from the US Food and Drug Administration (US FDA) for Lamivudine 150 mg/ Zidovudine 300 mg fixed-dose tablets co-packed with Efavirenz ... More

Certification for Hikal's drug
Hikal Ltd has received the Certificate of Suitability (CoS) in Europe for Ondansetron Hydrochloride Dihydrate, used to prevent vomiting during surgery and in cancer-related treatments such as chemotherapy and radiotherapy. The ... More

PRIVATE PLACEMENT


Avon allots shares to non-promoters
The allotment committee of Avon Organics Ltd (AOL) has at its meeting has approved and allotted 21.2-lakh equity shares to non-promoters. The company informed the stock exchanges that the allotment was made after obtaining ... More

OVERSEAS BORROWINGS


Jet Airways defers FCCB, GDR issues
`No problem in takeover of Air Sahara' More

Wockhardt gets nod to raise $800 m
Wockhardt has received shareholders' nod to raise up to $800 million (Rs 3,700 crore) to fund overseas acquisitions through an issue of equity-related securities. At an EGM, the shareholders also authorised the company to ... More

Deutsche to invest $75 m in Sical
Deutsche Bank has entered into a `subscription agreement' with Sical Logistics Ltd (formerly, the logistics division of South India Corporation (Agencies) Ltd ) for investing $ 75 million in the foreign currency convertible bond issue of Sical ... More

MERGERS & ACQUISITIONS


Fidelity hikes stake in Dr Reddy's
Fidelity International Ltd has informed the stock exchanges that funds under the management of FMR Corp, its direct and indirect subsidiaries, and Fidelity International Ltd, its direct and indirect subsidiaries, have acquired ... More

Rajesh Exports buys out OyzterBay chain
To float new retail subsidiary with Rs 100-crore investment More

Writer Corpn eyeing global acquisition
The company to be acquired would have a strong presence in Thailand, Hong Kong, Singapore, and West Asia. More

Lifeline takes over Karur hospital
The 15 clinics taken over by Lifeline are equipped with all the necessary facilities — pharmacy, laboratory, x-ray and ECG machines and consulting rooms. More

Coromandel to buy stake in FICOM
The board of directors of Coromandel Fertilisers Ltd (CFL), part of the Chennai-based Murugappa Group, at its meeting held on Thursday, has approved a proposal for acquiring 50.2 per cent of the equity shares of the Mumbai-based ... More

NEW PROJECTS


Archidply sets up unit in Uttaranchal
Archidply, a leading plywood veneers and pre-laminates manufacturing company, has set up a new facility in Pantnagar in Uttaranchal with a total licensed capacity of 78,000 cubic meters per annum. Set up with an investment of ... More

Recaero sets up Indian subsidiary in Bangalore
French co to supply spares for aircraft majors More

OVERSEAS INVESTMENTS


Suzlon Energy to invest $60 m in China
Wind energy major, Suzlon Energy Ltd (SEL), would invest $60 million in China for setting up an integrated wind turbine generator (WTG) manufacturing facility. The facility will have an annual production capacity of 600 MW. It is being set up ... More

TRADE & LABOUR UNIONS


AP Paper Mills strike called off
Andhra Pradesh Paper Mills Ltd (APPML) has announced that its workmen's strike was called off on Wednesday at the CP unit in MR Palem, Kadiyam mandal, East Godavari district. Following the strike, the company had declared a ... More

INTERVIEW


`Gulf Oil entry into new areas to unlock shareholder value'
Good prospects for speciality chemicals division More

SOCIETY & DEVELOPMENT


Tata Salt's gesture to poor kids
Tata Salt has launched its new edition of `Desh Ko Arpan' programme to provide education to 1,500 underprivileged girl children. "These girls belong to Nanhi Kali project, jointly managed by K C Mahindra Education Trust and Naandi Foundation," ... More

DIVERSIFICATION


Essar group now into telecom infrastructure
Sets up co to build towers, rectifiers for leasing out More

SICK UNITS


Dunlop to reopen unit at Ambattur on April 10
Dunlop India's factory at Chennai will reopen on April 10 following an agreement between the management and the Dunlop Factory Employees Union (DFEU) here on Thursday, according to Mr A. Krishnaswamy, President, DFEU. Under the agreement, ... More

OUTLOOK


Chevrolet Aveo range starts at Rs 5.55 lakh
General Motors India working on developing diesel model More

SKF India to roll out new products from Pune unit
Targets 10% revenue turnover from lubrication systems More

Govt questions Cairn's reserve claims
The Directorate-General of Hydrocarbons (DGH) has questioned the UK-based Cairn Energy's claims on the estimated in-place reserves in the Rajasthan block. The company, which has said that it may sell between 25 per cent and 80 per cent of its ... More

Taurus plans to make India Asia Pacific hub
To roll out 20-25 Inalsa models More

PEOPLE


Pasrija takes over as OIL CMD
Mr M.R. Pasrija has taken over as the Chairman and Managing Director of the Oil India Ltd (OIL). According to a company communiqué, Mr Pasrija was the Director (Finance) of the company for over five years before being appointed ... More
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Banks go for reverse repo on surplus liquidity


Take care of birds: Pune farmers' SOS to Govt

`Gulf Oil entry into new areas to unlock shareholder value'

Rajesh Exports buys out OyzterBay chain

Dangers of drug diversion

Kotak aim: Integrated financial services conglomerate

Chevrolet Aveo range starts at Rs 5.55 lakh

Shocking expose

Recaero sets up Indian subsidiary in Bangalore

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
Mar. 5-Mar. 11
Cabinet clears SCI's jt venture investment proposal

Indian businesses on a high, Down Under

Tata Motors, Fiat India to share dealer network

Reliance Petro ties up with Australian co for oil exploration

IOC expects to maintain net at last year's level

ONGC Nigerian plan hits snag

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

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



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