Financial Daily from THE HINDU group of publications
Tuesday, March 28, 2006
Markets (March 27)
BSE Sensex11079.02(+128.72)
S&P CNX Nifty3321.65 (+41.85)
US Dollar (Buy/Sell)44.70


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ANNOUNCEMENTS


Maruti launches two driving schools in Kerala
Candidates are given on-the-road training in Alto, Wagon-R or Esteem More

APPM commissions boiler
Andhra Pradesh Paper Mills Ltd (APPM) has commissioned a chemical recovery boiler with burning capacity of 1,300 tonnes a day at its Rajahmundry plant. The company has invested some Rs 205 crore on the eco-friendly plant, which ... More

Murugappa sells TIAM House
Murugappa group has sold off TIAM House, the group's corporate headquarters for over four decades, to Jesus Calls Trust for "a good price." While confirming this to Business Line, Mr M.A. Alagappan, Chairman and Managing Director, Tube ... More

Gangotri Textiles interim dividend
The board of directors of Gangotri Textiles Ltd has declared an interim dividend of 15 per cent (75 paise per share of Rs 5) for the current financial year. The dividend is payable on the enhanced capital of the company which had ... More

TAXATION


`Large taxpayer units from July'
The Finance Minister, Mr P. Chidambaram, has said that the large taxpayer units (LTUs) will be operational from July and the remaining four by year-end. He told a seminar on ``Formation of Large Taxpayer Units in India'' that these units would ... More

RESTRUCTURING


Anil narrows the gap on market cap with Mukesh
But Mukesh group may top following Reliance Petroleum's IPO More

MERGERS & ACQUISITIONS


SAIF Partners buys 6.66% in Jindal Poly Films
Softbank Asia Infrastructure Fund (SAIF) Partners today announced that it has acquired 6.66 per cent stake in Jindal Poly Films Ltd through an off-market transaction. SAIF Partners has acquired 18.72 lakh shares in the company for a ... More

TVSE to acquire Sravanaa Properties
TVS Electronics Ltd plans to acquire 100 per cent of the paid-up equity share capital amounting to Rs 5 lakh in Sravanaa Properties Private Ltd, which would consequently become a wholly-owned subsidiary of the company. Sravanaa ... More

NEW PROJECTS


ITC Foods plans own facility to make biscuits
Share of non-tobacco sectors matches tobacco's More

Whitefield Paper to set up Rs 1,200-cr plant in AP
Project to seek special economic zone status More

Liberty Shoes to double capacity
Liberty Shoes Limited has decided to set up three new production facilities to double capacity to one lakh pairs of footwear per day from the present 50,000, over the next three years. The company has planned an investment of Rs 160 crore, of ... More

OVERSEAS INVESTMENTS


RBI eases overseas investment norms
Guarantees, disinvestment More

Ranbaxy to acquire GSK unit in Italy
Ranbaxy Laboratories Ltd announced on Monday that it would acquire the unbranded generic business of Allen S.p.A, a division of GlaxoSmithKline (GSK) in Italy. The deal, which will be done through Ranbaxy's Italian subsidiary Ranbaxy Italia ... More

ALLIANCES & JOINT VENTURES


Shell-HPCL deal on Hazira LNG drags on
Shell has no issue about stake dipping below 50 pc More

Gitanjali JV with Sanghavi Exports
Gitanjali Gems on Monday announced the signing of a new joint venture agreement with Sanghavi Exports under which it will become a 50-50 partner in Spectrum Jewellery. The joint venture will manufacture and market the Sangini ... More

Scottish Biomedical eyeing collaborations with Indian cos
To help cos identify, optimise new molecules More

INTERVIEW


Expect debt to go down Rs 1,000 cr: McDowell
McDowell has mopped up $230 million via its GDR and FCCB issue to repay debt. The CFO at McDowell, Mr Ravi Nedungadi, says he expects debt of about Rs 1,000 crore to come down. Excerpts from CNBC - TV18's exclusive interview with Mr Nedungadi: ... More

DIVERSIFICATION


Tupperware India plans to enter beauty, home care
Also eyes nutrition, clothing areas More

SICK UNITS


Dunlop pact formalised
The Dunlop India Ltd will commence production at its factory in Ambattur here on or before August 31, according to a formal agreement signed between the Dunlop Factory Employees Union and the management representatives, according to the Union's ... More

OUTLOOK


High Energy Batteries eyes export markets
To enter civil aviation sector soon More

`GM to roll out `mini-car' soon'
General Motors India will soon roll out a `mini-car' in the country to offer competition to Santro, Alto and Indica belonging to other companies, according to Mr P.Balendran, Vice-President (Corporate Affairs). "We are working on the project ... More

Opto Circuits bid to strengthen market share
Opto Circuits (India) Ltd plans to drive its growth objective through a mix of inorganic and organic growth to consolidate its market share in the healthcare products. The company had acquired EuroCor in January for a total consideration of ... More


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Mar. 19-Mar. 25
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Pvt cos earn more than States' spend

RPL to set up two SBMs at Jamnagar

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



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