Financial Daily from THE HINDU group of publications
Saturday, March 25, 2006
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CORPORATE

RESEARCH & DEVELOPMENT


HEG opens R&D centre in M P
Graphite electrodes manufacturer, HEG Ltd, a flagship company of the LNJ Bhilwara Group, today opened its R&D centre at the company's plant in Madhya Pradesh. The plant was inaugurated by Dr R.A. Mashelkar, Director-General of .. More

ANNOUNCEMENTS


GAIL gets bids from 8 cos
For transporting compressed natural gas from Myanmar More

NFCL plaint against `encroachers'
Nagarjuna Fertilisers and Chemicals Ltd (NFCL) has announced that it has lodged a police complaint against persons belonging to Mutha Sasidhar & Company who started encroaching the company's land at Kakinada and attacked its ... More

DSK Developers eyeing Hyderabad
DS Kulkarni Developers Ltd, the Pune-based housing construction company, is eyeing Hyderabad for its first township venture. The Chairman and Managing Director, Mr D.S. Kulkarni, told presspersons here on Friday that the company had begun the ... More

OVERSEAS BORROWINGS


McDowell concludes GDS, FCCB issues
McDowell and Company has concluded an offering of GDS amounting to $130 million at a price of Rs 660 per share and another $100 million through the FCCB route. The UB Group Chief Financial Officer, Mr Ravi Nedungadi, told newspersons on Friday ... More

COMPANY LAW


ICSI for making secretarial standards mandatory
More

AWARDS & HONOURS


IOC includes E&P bids as part of MoU with Govt
Indian Oil Corporation Ltd (IndianOil) has for the first time included successful bidding for acquisition of exploration and production (E&P) assets and commercialisation of product formulations as part of its memorandum of understanding (MoU) .. More

Visvesvaraya Award
The Madurai District Tiny And Small Scale Industries Association (Maditssia) and the All India Manufactures' Organisation (AIMO) have invited applications from the small/tiny industries for "Visvesvaraya Award" for the Best Small ... More

GENDER


Rajshree Pathy awarded `Woman of the Year'
"I rebel against awards for the woman entrepreneur," said Ms Rajshree Pathy, Chairman and Managing Director, Rajshree Group of companies. When the balance sheet does not provide for gender performance, why should there be an award for a woman ... More

IPR


VIP to add 40 retail outlets
Uttaranchal plant operational by April More

RESTRUCTURING


GTL revamp gets nod of shareholders
GTL has acquired shareholder approval for amendment of the articles of association of the company as well as for its scheme of reconstruction. The restructuring of GTL involves splitting its business into two companies, Network Services (GTL) ... More

NEW PROJECTS


HPCL to go ahead with Bhatinda project alone
In touch with MNCs, foreign partners to join later More

BOC opens merchant plant in South
BOC India Ltd, a leading player in the gases business, has announced the inauguration of its first merchant plant for the southern market here on Friday. The company said the new air separation unit would further consolidate its ... More

REGULATORY BODIES & RULINGS


GlaxoSmithKline gets nod to import bird flu drug
Not likely to be in India soon due to supply pressures; Biota gets 7 pc royalty on the sales of Relenza More

TRADE & LABOUR UNIONS


Kakatiya Cement declares lockout
Kakatiya Cement Sugar & Industries Ltd has announced that the management has declared lockout with immediate effect from Thursday until further orders since its workmen and staff, who were on strike from Wednesday, have damaged . More

ALLIANCES & JOINT VENTURES


Jindal Drilling signs deal with Keppels Felles for second rig
Deployment contract with ONGC soon More

INTERVIEW


`Restructuring part of larger expansion plans'
According to Zee Telefilms, cable digitalisation will open opportunities for niche content. Its Chairman, Mr Subash Chandra, says that restructuring is part of larger expansion plans. He adds that the planned restructuring will bring more focus ... More

EVENTS


Here we are
(FROM LEFT) DR WILFRIED G. AULBUR, CEO & MD, DaimlerChrysler India; Prof Herbert Kohler, Vice-President, Chief Environment Officer; and Dr Michael J. Inacker, Head of External Affairs and Public Policy, DaimlerChrysler AG; at a seminar on ... More

SOCIETY & DEVELOPMENT


Coca-Cola sponsors check dam
Coca-Cola has sponsored a check dam at Yerrampally village in Bhongir Mandal of Nalgonda District, as part of its Corporate Social Responsibility initiative coinciding with the World Water Day (March 22). In collaboration with ... More

RIGHTS ISSUE


NCL rights to open on March 27
NCL Industries Ltd has announced that its right issue would open on March 27 and close on April 25. The company is offering 1,29,87,860 shares of Rs 10 each for cash at a premium of Rs 8 per share to the existing shareholders in ... More

OUTLOOK


ONGC to realise higher price for PMT gas
The joint venture partners ONGC-Reliance Industries-BG expect to earn additional revenue from realising higher price for gas produced from Panna, Mukta and Tapti (PMT) fields. "The joint venture stands to gain $70 million in 2006-07," Reliance ... More

RPL to set up two SBMs at Jamnagar
Facilities target crude oil, SEZ requirements More

STC aiming at Rs 10,000-cr turnover next year
The State Trading Corporation (STC) has committed to achieving turnover of Rs 10,000 crore for the next fiscal, envisaging a growth of 33 per cent over the current fiscal. This is the high point of the MoU the company has inked with the ... More

Autocop plans to raise Rs 200 cr from IPO
Autocop group, a car security and electronic accessories maker, has said that it was looking to raise about Rs 200 crore through an IPO in the capital markets and is also considering a joint venture with Pioneer, the leading global car audio ... More

Tantia keen on airport projects
After successfully modernising the Dibrugarh airport, the city-based Tantia Construction Ltd is keen on participating in the modernisation activities of the non-metro airport terminals. According to Mr I.P. Tantia, Chairman and Managing ... More

PERFORMANCE


IOC suffers revenue loss of Rs 1,700 cr in March
Highest figures in March alone More

PEOPLE


BVR Subbu to quit Hyundai
May take up consultative role in Indian companies More

Gautam Thapar likely to take over as BILT Chairman
Ballarpur Industries Ltd (BILT) may soon see a new Chairman in April. Mr Gautam Thapar, currently Vice-Chairman and Managing Director, is likely to take over as Chairman of the company from Mr L.M. Thapar. The change of guard is likely to be ... More

Lalit Jalan is BSES CEO
Mr Lalit Jalan has been appointed as the new Chief Executive Officer of BSES. He assumes charge on Thursday and would be responsible for "transformation and turnaround" of all businesses and functions of BSES, a company release ... More


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IOC suffers revenue loss of Rs 1,700 cr in March

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In Focus

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In Depth

Orissa Diary
Gender Justice
Simple Economics
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Looking back
Mar. 12-Mar. 18
Nokia's plant produces 1 m handsets

Single-window facility for taxes may not work: Corporates

Scorpio sports a new look

TCI plans Rs 300 cr for expansion

India second in league of `super growth' companies

Voltas to exit fridges, focus on AC market

Chevrolet Aveo range starts at Rs 5.55 lakh

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

Recaero sets up Indian subsidiary in Bangalore

Rajesh Exports buys out OyzterBay chain



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