The Hindu Business Line : Tuesday, May 02, 2006

Khodays seeks Scotch remedy
The $1-billion Khodays' Group which owns one of the largest selling premium whisky brands in the country, Peter Scot, is seeking a legal opinion on a Delhi High Court verdict which has ruled that domestic whisky makers cannot use the words, Scot ... More

IPR

Cipla opposes patent application on bird-flu drug
Tamiflu brand is sold globally by Roche More

RESTRUCTURING

Indiabulls Fin de-merges real estate division
Shareholders to get 1:1 shares in new entity More

NEW PROJECTS

Brazil co to set up shoe last unit near Chennai
Factory to come up in 6-8 months More

OVERSEAS INVESTMENTS

Tough negotiations between OVL, Kazakh firm
Tough negotiations are going on between ONGC Videsh Ltd (OVL), the overseas investment arm of Oil and Natural Gas Corp (ONGC), and KazMunaiGaz (KMG), Kazakhstan's national oil and gas firm, on the Indian company's efforts to buy 50 per cent stake ... More

GAIL to set up LPG plants in Uzbekistan
Ties up with national gas major Uzbekneftegaz More

TRADE & LABOUR UNIONS

Dunlop unions refuse to accept payment of past wages
On Sunday Dunlop labour unions refused to accept the first instalment payment of past wages on the ground that wrong calculation methods had been employed resulting in a smaller amount being paid to each worker. The unions, however, did not ... More

ALLIANCES & JOINT VENTURES

Siemens in pact with BHEL
Siemens and Bharat Heavy Electricals Ltd (BHEL) have signed a memorandum of understanding in Erlangen, Germany, for cooperation in the field of advanced power plant technology in India. The agreement makes provision for BHEL and Siemens to ... More

Kamadhenu Ispat ties up with Hyderabad Co
Kamadhenu Ispat Ltd (KIL), a leading manufacturer of reinforced steel bars has tied up with Binju Metals & Alloys Industries Ltd, Hyderabad to manufacture its branded products. The move is to expand and strengthen the market in the Southern ... More

Zarges may set up facility in India
To join hands with Hyderabad-based Jayakrishna Aluminium More

DIVERSIFICATION

Hinduja group plans LCV plant, revival of Vizag power plant
Proposal for setting up SEZ in AP More

RIGHTS ISSUE

Upper Ganges Sugar plans rights issue
SEBI is likely to give the final approval for the Rs 70-crore rights issue of Upper Ganges Sugar & Industries Ltd soon. According to Mr C.S. Nopany, Director of Upper Ganges Sugar, work on the rights issue is progressing smoothly and the company More

BONUS ANNOUNCEMENTS

Alps Ind Q4 net up 51pc
Alps Industries Ltd has reported a 51 per cent jump in net profit at Rs 8.01 crore for the fourth quarter of last fiscal, up from Rs 5.32 crore during the corresponding period of the previous fiscal. Income from operations was up 69 per cent at ... More

OUTLOOK

IOC hopes Govt will address under-recoveries
`Working capital under strain, but projects undertaken will not be hit' More

IOC-OIL combine earmarks $3 b for acquiring oil equity
On the lookout for productive assets in Africa More

PERFORMANCE

Maruti April sales up
Boosted by compact car sales, Maruti Udyog Ltd on Monday reported a 12.9 per cent increase in total sales for April at 43,127 units against 38,190 units in the corresponding month a year ago. The company's domestic sales in the month were up ... More

Hero Honda bike sales up 3.5 pc in April
Motorcycle manufacturer Hero Honda has reported a 3.5-per cent increase in motorcycle sales during April at 2,43,879 units against 2,35,422 units in the same month last year. The company said its overall two-wheeler sales, including scooters, ... More

TRENDS

Carbon credit prices crash in Europe
Emission reports from the Netherlands, Czech Republic, France and Walloon region of Belgium stated that their emissions in 2005 were at lower levels than what they were allowed to emit More

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