The Hindu Business Line : Saturday, May 20, 2006

GAIL begins naphtha marketing
GAIL (India) Ltd on Friday said that it has entered into naphtha marketing for the first time with the supply of its first naphtha tanker to NTPC, Auraiya from its plant located at Pata in Uttar Pradesh. In a statement issued ... More

GAIL commissions UP pipeline
GAIL (India) Ltd has commissioned the Thulendi-Phulpur pipeline in Uttar Pradesh and gas supply has commenced to IFFCO. According to a statement issued by the company, the 18-inch and 139-km pipeline was commissioned ahead of the ... More

CORPORATE DISPUTES

Birla-Lodha tussle: Calcutta HC appoints four administrators
The Birla-Lodha tussle saw dramatic development on Friday. At 3.45 in the afternoon a trial court of the Calcutta High Court appointed a group of administrators for the late Priyamvada Birla's estate and barred Mr R.S. Lodha from acting as ... More

OVERSEAS BORROWINGS

IFC package for LG Balakrishnan
The International Finance Corporation (IFC) has said that it would provide a $20-million financial package to LG Balakrishnan and Bros Ltd (LGB). The investment comprises an equity investment of $5 million and a loan of $15 ... More

Prajay Engg converts FCCBs
The allotment committee of the board of directors of Prajay Engineers Syndicate Ltd at its meeting held on Friday has allotted 3,69,090 equity shares of Rs 10 each fully paid-up at a conversion price of Rs 75 per share to the FCCB holders. The ... More

AWARDS & HONOURS

Indegene wins Global Pyramid Award
Indegene, provider of medical and scientific marketing services to the pharmaceutical industry partnered with GlaxoSmithKline Consumer Healthcare (GSKCH), India, to win the Global Pyramid Award for excellence in medical marketing ... More

COURTS/LEGAL ISSUES

Seeds of litigation
Monsanto is approaching the apex court to challenge a recent order of the MRTPC. The order directed Mahyco Monsanto Biotech India Ltd not to charge the trait value of Rs 900 for a 450 gm-packet of Bt cottonseeds. Instead, fix a reasonable trait ... More

HUMAN RESOURCES

Ashok Narain floats HR firm
Mr Ashok Narain, who was the Executive Vice-President - HR of PepsiCo, has left the company to set up an executive search firm, Corporate Management Group, along with Mr Rajeev Thakur of Grassik Consultants Pvt Ltd. Mr Narain ... More

MERGERS & ACQUISITIONS

Aban Loyd to buy 52 pc in Indonesian co
Aban Loyd Chiles Offshore Ltd has informed the stock exchanges that it has commenced negotiations to acquire a 52 per cent stake in PT Apexindo Pratama Duta Tbk of Indonesia. PT Apexindo Pratama is an onshore and offshore drilling company. It ... More

Praj Industries on the prowl
Looking to acquire small, medium engineering cos More

REGULATORY BODIES & RULINGS

CII welcomes amendments to Cos Act
The President of the Confederation of Indian Industry (CII), Mr R Seshasayee, welcomed the amendments to the Companies Act, 1956 moved by the Ministry of Company Affairs, Government of India (MCA) to support implementation of the ... More

ALLIANCES & JOINT VENTURES

Global Hospitals, BioGenex ink deal
Global Hospitals and BioGenex Laboratories of California have agreed to set up a Centre of Excellence for training and research in molecular diagnostics at the former's facilities. Dr Krishan L. Kalra, Chief Executive Officer, BioGenex, and Dr ... More

Unichem ties up with Pliva for US market
Unichem Laboratories Ltd has entered into an agreement for the US market with Pliva Inc, a wholly owned subsidiary of the Croatian company Pliva Pharmaceuticals. The agreement initially covers five products in the anti-histamine, ... More

Radico Khaitan enters into ventures in UK, Africa
Liquor company Radico Khaitan Ltd has announced that it has entered into joint ventures in the UK and Africa to own production lines overseas. In the process, the company claims to have become one of the first Indian liquor entities to join hands ... More

INTERVIEW

`Engineering is on a stronger growth path than sugar'
Interview with Mr Dhruv Sawhney, CMD, Triveni Engineering More

OUTLOOK

Yamaha targets higher sales in TN, Kerala
Yamaha has targeted an increase of 10,000 units in bike sales in Tamil Nadu and Kerala each in 2006-07, to 46,000 units in Tamil Nadu and 28,000 units in Kerala, according to Mr D. Anjan, Regional Business Manager - Tamil Nadu and Kerala, Yamaha ... More

Orchid targets 30 pc topline growth
More launches for US market; likely to enter Europe More

Ford upbeat on mid-size sedans
Focus to continue on Rs 4-8 lakh segment More

PEOPLE

New Finance Director for MRPL
Mr Lalit Kumar Gupta, who was Vice-President (Finance) and Company Secretary of MRPL till recently, has been appointed Director (Finance) of the company. A release said on Friday that Mr Gupta joined MRPL as Company Secretary in ... More

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