The Hindu Business Line : Saturday, June 10, 2006

PREFERENTIAL ALLOTMENTS
Nava Bharat allots 32-lakh warrants
The allotment committee of Nava Bharat Ferro Alloys Ltd has approved the allotment of 32-lakh warrants convertible into equity shares of Rs 2 each at a conversion price of Rs 95 per share (including premium of Rs 93) to corporate ... More

CORPORATE DISPUTES
Reliance Info seeks Rs 85 cr from BSNL
Reliance Communications has filed an appeal with the Telecom Dispute Settlement Appellate Tribunal (TDSAT) in a dispute relating to payment of interconnection charges. Reliance has sought to recover around Rs 85 crore from BSNL. Acting on the ... More

OUTSOURCING
Cummins to source more from India
Cummins Inc would look to ramp up the value of the auto components that it sources from companies in India to $500 million by 2010, according to Mr Ravi Krishnappa, Director for Global Sourcing, Cummins. The company will look to source complex ... More

ENVIRONMENT
Orient Paper Mills bags eco award
Orient Paper Mills (OPM) of the CK-GP Birla Group has been declared the winner of "Golden Peacock Environment Management Award" for 2006 by the World Environment Foundation (WEF), which is one of the leading non-profit, non-governmental ... More

NEW PROJECTS
Lanco firms up Rs 15,000-cr capex for power
Restructures operations, plans to rope in strategic partners More

GM likely to set up new plant in Maharashtra
Shortlisting models for production in India More

LG Electronics launches optical disk drive operations
Consumer electronics, IT products and home appliance manufacturer, LG Electronics India today announced the commencement of operations of its greenfield facilty for Optical Disk Drive (ODD) products at Ranjangaon, Pune. The company will invest ... More

ALLIANCES & JOINT VENTURES
Nuance Group, Shoppers' Stop to enter airport retail market
The Nuance Group is teaming up with retailer Shoppers' Stop Ltd. (part of the K. Raheja Corp. - Chandru. L. Raheja Group) in a joint venture to enter the Indian airport retail market. The joint venture company will be equally owned by both ... More

Orissa PSUs' jt venture to set up thermal plant
The Orissa Government on Friday announced that two State public sector undertakings will form a joint venture company for setting up a 2000 MW thermal power plant in the State. The proposal, which was cleared by the State Cabinet, said that ... More

Ranbaxy to market Zonisamide
Ranbaxy Laboratories Ltd said that it has entered into a strategic partnership with the US-based Invagen Pharmaceuticals Inc for marketing Zonisamide Capsules, which are used for the treatment of epilepsy, in the US market. Under the agreement, ... More

Hansel Textil enters jt venture with Sewing
Hansel Textil GmbH, Germany-based producer of interlinings for the clothing industry, has entered into a joint venture with Sewing Systems, a Bangalore-based company supplying garments and leather trims and accessories. Hansel has taken a 51 ... More

SOCIETY & DEVELOPMENT
Deloitte employees take to voluntary work
About 3,500 employees of Deloitte and India, participated in a major social work initiative and dedicated about 30,000 hours of voluntary service, touching about 30,000 lives. This is part of a social event Impact Day and is amongst a major ... More

OUTLOOK
Negotiations on between MRPL, Cairn for crude from Rajasthan
ONGC seeks concessions including, discount on price per barrel More

Kinetic pins hopes on components biz
Aims to sell one lakh scooters, motorcycles by Sept More

Mid Valley plans to invest Rs 300 cr in movies, multiplexes
The Chennai-based Mid Valley Entertainment, a corporate entity that produces and distributes movies, plans to invest up to Rs 300 crore to make movies, buy cinema theatres, and set up television channels in the country. The Chairman, Mr K.K. ... More

Kalmar to expand in India
Plans to set up manufacturing base in India More

PEOPLE
Talukdar, new OIL Director
Mr J.K. Talukdar has been appointed as Director (Human Resource & Business Development) of Oil India Ltd. Prior to his appointment as Director, he was heading the company's operations in the North East as Group General Manager, More

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