Financial Daily from THE HINDU group of publications
Wednesday, April 05, 2006
Markets (April 4)
BSE Sensex11638.01(+73.65)
S&P CNX Nifty3483.15 (+9.85)
US Dollar (Buy/Sell)44.61


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CORPORATE

MERGERS & ACQUISITIONS


UB may gain control of Foster's Indian business
If Scottish & Newcastle succeeds in its bid More

Sudhir Jalan acquires Sanmar unit
The Sudhir Jalan Group, Kolkata has acquired the Strategic Weighing Systems business from Sanmar Engineering Services Ltd, a constituent of Sanmar Engineering Corporation, Chennai. Strategic Weighing Systems is engaged in road ... More

AIG invests $12 m in Firepro
Firepro Systems Pvt Ltd, a provider of safety, security and building management solutions, said on Tuesday that American International Group Inc (AIG) has invested around $12 million to pick up a minority stake in the company. ... More

Sahara to operate with a new name
To be a 100 pc subsidiary of Jet Airways More

ANNOUNCEMENTS


Jindal Saw bags $180-m US order
Jindal Saw Ltd has won an order of $180 million from Houston-based Gulf South Pipeline Company to supply 250 miles of jointed and coated pipes, according to a release by Jindal. The current order book of Jindal Saw from the US ... More

OPEN OFFERS


MphasiS BFL welcomes EDS offer
Jerry Rao may continue as head More

The crucial 9 pc
Oracle experience weighs with EDS More

OVERSEAS BORROWINGS


Prithvi Info to hike authorised capital
Prithvi Information Solutions Ltd has informed the National Stock Exchange that the company plans to hike the authorised capital from Rs 20 crore to Rs 30 crore. Alongside this, the company plans to seek approval for borrowing powers up to Rs 400 ... More

ACCOUNTANCY


Seminar on digital signatures
The Mangalore chapter of the Institute of Company Secretaries of India (ICSI), in association with other organisations, will organise a seminar on `MCA 21, e-filing and digital signatures' in Mangalore on April 8. Mr ... More

MANPOWER


ONGC launches new VRS
ONGC has launched a fresh voluntary retirement scheme with effect from April 1 to shed excess workforce. Designed on the lines of Department of Public Enterprises (DPE) guidelines, the scheme offers a more lucrative health care ... More

HUMAN RESOURCES


Deloitte to double headcount in India
Audit and consultancy services firm, Deloitte Touche Tohmatsu today said it would strengthen its Indian operations by doubling the headcount to 12,000. Mr William G. Parrett, CEO of Deloitte Touche Tohmatsu, USA said, "We are working on ... More

RESTRUCTURING


Khaitans rejig holdings in 3 group cos
Aimed at clearing inter-corporate payments More

CORPORATE GOVERNANCE


Lecture on corporate governance
A lecture on issues pertaining to corporate governance in the present scenario will be organised by the Hindu-Business Line Club at the Magnus School of Business on Wednesday at 2 p.m. After inaugurating the club, Mr E.A.S ... More

NEW PROJECTS


Jupiter Bioscience to embark on Rs 93.9-cr expansion
To set up manufacturing facilities in US, Hyderabad More

Su-Kam Power to set up Rs 75-cr unit in Himachal
Su-Kam Power Systems Ltd (SPSL), an upcoming player in the backup power industry, has announced Rs 75-crore investment in Baddi, Himachal Pradesh, to set up a Sealed Maintenance Free (SMF) battery plant. The plant is expected to provide ... More

HPCL plans Rs 18,000-cr project in Vizag
Hindustan Petroleum Corporation Ltd (HPCL) is planning to set up a Rs 18,000-crore project at Visakhapatnam. The project involves a naphtha cracker, refinery and petrochemicals complex, according to the Vice- Chairman and Managing Director of ... More

Bajaj Electricals okays Rs 30-cr capex
Bajaj Electricals Ltd has informed the BSE that its board of directors has approved capital expenditure of Rs 30 crore to enhance the production capacity of its engineering and projects division. The company also said that Dr ... More

ALLIANCES & JOINT VENTURES


SJS Enterprises ties up with Serigraph
Serigraph Enterprises, a leading global manufacturer of decorative logos, has been offered a minority stake in the Bangalore-based SJS Enterprises to leverage the synergic strengths of the two companies to expand their businesses. Serigraph, ... More

SOCIETY & DEVELOPMENT


`Corporates must build social capital'
Corporates should adopt `Triple Bottom Line Model' not only to assess financial performance but also nurture social and environmental capital, said Mr Y.C. Deveshwar, President CII and Chairman ITC. Speaking at the annual ... More

DIVERSIFICATION


Dwarikesh to expand co-generation capacity
Dwarikesh Sugar Industries Ltd has informed the Bombay Stock Exchange that the company is intending to expand its co-generation capacity from 26 MW to 50 MW by setting up additional co-generation capacity of 24 MW at its Dwarikesh Puram ... More

SICK UNITS


Panel to study Hindalco issue
Move to find a way for cheaper power More

OUTLOOK


GAIL in talks with ONGC for buying gas from marginal fields
GAIL (India) Ltd is in talks with the Oil and Natural Gas Corporation (ONGC) to amicably resolve the issue of commercial arrangement between the two entities for buying natural gas from ONGC's marginal fields off the West Coast. This is ... More

HAL plans to make new military copter
To rope in foreign partner for the venture More

Tehri plant's generation target
State-owned Tehri Hydro Development Corporation (THDC) on Tuesday said it planned to generate 1.16 billion units of electricity after commissioning the 1,000-MW Tehri Stage-I power plant in 2006-07. This generation target is part ... More

PERFORMANCE


Tata Motors vehicle sales up 13.7 pc in '05-06
Tata Motors on Tuesday reported a 13.7 per cent increase in its total vehicle sales for 2005-06, at 4,54,345 units from the previous corresponding 3,99,566 units. Domestic sale of commercial vehicles touched 2,14,950 units including M&HCV ... More

RINL profit slumps despite a good year
Steep hike in raw material prices, soaring energy costs More

Nalco posts record sales
The National Aluminium Company Ltd (Nalco) has established new records in production and sales during 2005-06, according to a company release. The company achieved the highest-ever metal production of 3,58,955 tonnes compared to 3,38,483 tonnes ... More

HNL turnover at Rs 303 cr
Hindustan Newsprint Ltd (HNL) has recorded an all-time high performance during the financial year 2005-06 showing a sales turnover of Rs 303 crore followed by a record production of 1,13,050 tonnes of newsprint. Last year, the ... More

PEOPLE


New HR chief at BEML
Mr Ravindra Kumar Rustagi has taken charge as the new Director (HR) and board member at public sector Bharat Earth Movers Ltd. He was until recently Executive Director (HR) at NTPC Ltd, New Delhi, a release said. Mr Rustagi ... More
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Union Budget 2006-2007

Economic Survey 2005-2006


Top Stories
Khaitans rejig holdings in 3 group cos


Wheat prices a tad above MSP as arrivals begin

Global cotton prices robust, limited benefit to India

Dabhol power to cost between Rs 4.50-5.70 per unit

Concor hikes tariffs by 22 pc

RBI's balance-sheet: Mirroring global change

Love you, US!

FMCG majors eye neighbouring countries

ICICI Bank, Pru Life offer annuity card

Major ports register 10.3 pc growth in cargo in 2005-06

In Focus

Infrastructure woes stare IT sector
IPO Scams
FDI in retail sector
Dynamic Tirupur
Surging Sensex
Gold scaling new highs
More

In Depth

Bihar Diary
Orissa Diary
Gender Justice
Simple Economics
Tax Talk
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Looking back
Mar. 26-Apr. 1
ONGC roadshow: 26 firms respond

ITC Foods plans own facility to make biscuits

RBI eases overseas investment norms

`Large taxpayer units from July'

ONGC may pay more for OMCs to book profit

New Jamnagar refinery: RIL looking for partner



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