Financial Daily from THE HINDU group of publications
Wednesday, May 10, 2006
Markets (May 9)
BSE Sensex12513.86(+51.39)
S&P CNX Nifty3720.55 (+27.40)
US Dollar (Buy/Sell)44.96 (-0.03)


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ANNOUNCEMENTS


GAIL makes first global LNG purchase
GAIL (India) Ltd today said that in the first ever purchase of liquefied natural gas (LNG) cargo from the international market on its own, the company has bought one spot cargo of 135,000 standard cubic meter from Algeria. The cargo is expected ... More

AstraZeneca clears stock split
AstraZeneca Pharma India Ltd has informed the BSE that its board on Tuesday approved a 1:5 stock split. The company seeks to split its shares of Rs 10 each into five shares of Rs 2 each. It has called an EGM on June 6 for final approval. ... More

Cubex bags order from NTPC
Cubex Tubings Ltd has announced that it has received an order of Rs 8 crore from National Thermal Power Corporation Ltd (NTPC) for seamless solid drawn condenser tubes. This contract was awarded under global competitive bidding, ... More

FINANCIAL PERFORMANCE


BOC India's Q4 net up 66 pc
For the quarter ended March 31, 2006, the net sales of BOC India Ltd has jumped by 36 per cent to Rs 168.82 crore as against Rs 123.72 crore in the corresponding quarter of 2004-05. BOC India is a subsidiary of the UK-based BOC Group Plc. ... More

MERGERS & ACQUISITIONS


Federal Mogul makes fresh bid to increase stake in Goetze
American auto components major Federal Mogul Corporation on Tuesday made a renewed bid for acquiring an additional 24.64 per cent stake in Goetze India Ltd (GIL) and offered Rs 222.5 per equity share against the Rs 205-215 price-band proposed ... More

NEW PROJECTS


Ashapura Volclay doubles Bhuj plant capacity
Ashapura Volclay Ltd (AVL) has announced that it has doubled capacity at its bleaching clay and clay catalysts plant at Bhuj, Gujarat, to meet the growth in demand in the domestic and international markets. The operations of the new unit at ... More

`Many cos keen to set up units in Mangalore SEZ'
There are enough opportunities for entrepreneurs to set up their units in the general-purpose multi-product component of Mangalore Special Economic Zone (SEZ), according to Capt J.P. Menezes, Vice-President of Kanara Chamber of Commerce and ... More

CCEA nod for HNL expansion
The Cabinet Committee on Economic Affairs today approved the expansion-cum-diversification of Hindustan Newsprint Ltd with a capital outlay of Rs 718 crore. The Union Cabinet gave its approval for introduction of a Bill in ... More

INTERVIEW


Will shut Mumbai operations in 2-3 years: B.K. Birla
"In Gujarat, we are going to start a new mill and here in Mumbai we will take out all the machinery. Ultimately, we will sell the land and the buildings or we will build our own buildings." More

SOCIETY & DEVELOPMENT


FACT hands over 50 acres for waste treatment plant
The common facility for treatment and disposal of industrial waste from various factories in the State is a project suggested by the Supreme Court Monitoring Committee. More

DIVERSIFICATION


Indage Group plans to enter food segment
New products to be launched on health plank More

OUTLOOK


IOC plans to expand export market in lubricants
Looking at more flexibility in blending operations More

Problems galore for ONGC at Bengal offshore
Non-availability of drill ship causes indefinite postponement More

BPL Group sees energetic growth for healthcare biz
BPL Group expects its healthcare business division to post over Rs 500 crore revenues by 2010. Unveiling its strategy, the BPL management said in a statement that it has no plans to divest major stake in its healthcare division. It said the ... More

PERFORMANCE


Ashok Leyland sales up in April
Ashok Leyland sold 5,039 vehicles in April, 47 per cent more than in the same month last year, according to a press release from the company. Company sources said the "growth story has been led by the `goods segment', ... More

30 pc rise in Keltron turnover
The public sector Kerala State Electronics Development Corporation (Keltron) has registered a 30 per cent growth in turnover in the year ended March 31, 2006. The net turnover during the year was Rs 110 crore against Rs 82.51 crore in the ... More


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