Financial Daily from THE HINDU group of publications
Thursday, April 13, 2006
Markets (April 12)
BSE Sensex11355.73(-306.82)
S&P CNX Nifty3380 (-98.45)
US Dollar (Buy/Sell)45.24 (-0.33)


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CORPORATE

OVERSEAS BORROWINGS


Corporates raise $2 b through ECBs in Feb
Indian companies raised $2 billion (around Rs 9,000 crore) through external commercial borrowings (ECBs) in February, according to data provided by the Reserve Bank of India. About 49 companies raised money during the month. Cumulatively, about ... More

S Kumars to raise $50 m
S Kumars Nationwide Ltd today said that it will raise $50 million to fund its growth plans through an issue of unsecured and unrated five-year FCCBs with a coupon of two per cent, the company told the exchanges. It has also made an ... More

HUMAN RESOURCES


House panel slams CIL's recruitment policy
Asks to initiate corrective steps in three months More

MERGERS & ACQUISITIONS


Chevron picking up 5 pc in Reliance Petro for $300 m
The deal may become one of the largest FDIs in a single project More

Landmark Holdings to invest in Vipul's SEZ
Landmark Holdings of the Dalmia Group, along with its international affiliate Banyan Real Estate has decided to pick up 16.5 per cent stake in the Rs 1200 crore Special Economic Zone (SEZ) project of Vipul, in Gurgaon. Vipul's SEZ project aims ... More

CBay acquires Certus' division
CBay Systems, a healthcare BPO company, has acquired the Accounts Receivable and Reimbursement Management division of Certus Corporation, a US-based patient financial services company, for an undisclosed sum. This division of Certus delivers ... More

NEW PROJECTS


ACC lines up Rs 691-cr capex plan
The Associated Cement Companies Ltd has lined up a capital expenditure plan of Rs 691 crore for fiscal 2006. (The company recently changed its accounting year to a January-December one, after Swiss company Holcim acquired a 34 per cent stake ... More

Blue Dart plans Rs 25-cr expansion
To add 45 facilities; 2 new aircraft by June More

TRADE & LABOUR UNIONS


Hero Honda strike enters third day
The workers' strike at Hero Honda Motors Ltd's Gurgaon plant entered the third day on Wednesday, even as negotiations were on between the management and representatives of the contract workers to sort out the labour impasse. The left parties ... More

ALLIANCES & JOINT VENTURES


GNC, Guardian Lifecare tie up for health supplements
The $1.3-billion nutraceuticals and food supplements company, General Nutrition Centre (GNC), has tied up with pharmacy company, Guardian Lifecare Pvt Ltd on an exclusive basis. Mr Ashutosh Garg, Chairman and Managing Director, Guardian ... More

IPOS


RPL expects trading in first week of May
Public offer opens today; premium to be decided through book-building More

EXPORTS & IMPORTS


GAIL ties up for CBM projects
GAIL (India) Ltd on Wednesday said that it has signed a memorandum of understanding (MoU) with Arrow Energy, Australia and Energy Infrastructure Group, Sweden for cooperation in coal bed methane (CBM) opportunities in India, Australia and other ... More

DIVERSIFICATION


Priyadarshini to enter into garment making
Priyadarshini Spinning Mills Ltd, a leading player in cotton and synthetic blended yarns, has announced its foray into garment manufacturing. The company will invest Rs 25 crore to set up a shirt manufacturing unit at Pashamailaram Apparel Park ... More

OUTLOOK


Apollo Tyres to raise Rs 450 cr to fund overseas buys
Plans to hike authorised share capital to Rs 75 crore More

NCL Industries full year net profit up 36 pc
NCL Industries Ltd has reported a growth of 38 per cent in topline and 36 per cent in net profit for the fiscal ended March 2006. The company achieved a turnover of Rs 127.08 crore for the fiscal under review against Rs 92.24 crore in the ... More

Tata Motors may import cross-ply tyres to meet requirement
CV makers have failed to appreciate the severe cost-push, says ATMA More

BEML launches 3 SBUs
Bharat Earth Movers Ltd has said it has formally launched its new SBUs for technology, trading and international business. It announced the three divisions earlier this month. The Technology Division will offer high-end ... More

PEOPLE


BDL Director assumes office
Brig (retd) Pogula Ganesham has assumed charge as Director (Production) of Bharat Dynamics Ltd (BDL), the main missile production unit under the Ministry of Defence. Brig Ganesham joins BDL after 30 years in the Indian Army. He ... More

TRENDS


Big cos line up for carbon trading
37 Indian projects may be registered with UN in 2 months More
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Union Budget 2006-2007

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Top Stories
Lack of hands for harvest hits sugar mills


RPL expects trading in first week of May

Amway may take some India-only products abroad

GFMS sees further highs for gold

Cement shortage hits many areas in the South

Industrial production up 8.8 pc in Feb

SCI to resume US East Coast services

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

Bihar Diary
Orissa Diary
Gender Justice
Simple Economics
Tax Talk
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Looking back
Apr. 2-Apr. 8
Now, it's merry time for aspiring CAs

Karnataka refers Biocon's procedural lapse to DCGI

Khaitans rejig holdings in 3 group cos

ETA Star, Taj in pact for Dubai luxury project

Yodeva forms venture with Austrian firm

Kingfisher Air may set up venture abroad



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