Business Daily from THE HINDU group of publications
Tuesday, June 20, 2006
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CORPORATE

ANNOUNCEMENTS
UB Holdings calls meet on July 13
United Breweries Holdings has called for an extra ordinary general meeting on July 13 seeking shareholders' approval to raise up to Rs 1,500 crore from banks or financial institutions for company's requirements. In a notice to ... More

NCC bags Rs 422-cr orders
Nagarjuna Construction Company Ltd (NCC) has announced that it has secured two new orders aggregating Rs 422-crore. It informed the stock exchanges that the first order is for construction of mega sports complex at Ranchi valued ... More

COURTS/LEGAL ISSUES
CLB reports reduction in pendency of cases
The Company Law Board has reported reduction in pendency of cases, a scenario that stems from heightened activity in the last few months. Its benches are currently taking up and disposing of cases quicker than before, Mr S. Balasubramanian, ... More

MERGERS & ACQUISITIONS
GHCL to acquire UK's Rosebys for $40 million
Acquisition process likely to be completed by October More

HC approves Essar Steel merger plan
Essar Steel Ltd has informed the BSE that the Gujarat High Court has approved the scheme of amalgamation of Hy-Grade Pellets Ltd and Steel Corporation of Gujarat Ltd with itself. The High Court also approved Essar Steel's ... More

NEW PROJECTS
Bhilai Electric Supply to set up new plants
A total of 766 acres of land has already been identified for the project. Project cost estimated at Rs 2,600 cr More

Balrampur Chini to set up 2 greenfield sugar units in UP
Projects to cost Rs 500 crore More

REGULATORY BODIES & RULINGS
CLB chief hints at end to Haldia dispute
Is an amicable solution possible between the West Bengal Government and Dr Purnendu Chatterjee, whose fight over Haldia Petrochemicals Ltd (HPL) has been a talking point in corporate circles? Yes, if one goes by what is being broadly hinted by ... More

ALLIANCES & JOINT VENTURES
Reliance Ventures, HSIIDC to set up 25,000-acre SEZ in Haryana
Overall investment pegged at Rs 40,000 cr; zone to house 2,000 MW power plant More

SAIL mulls joint venture cement unit with Jaiprakash
Aim is to make proper utilisation of slag as disposal is difficult More

Sami Labs all set for Malaysian foray
In talks with Federal Land Development Authority for joint venture More

INTERVIEW
No decision yet on buyback: REI Agro
`Nothing special in buying shares from market at Rs 70/share' More

No chance of equity issue now: Sundram Fasteners
Mr V.G. Jaganathan, President of Finance at Sundram Fasteners, says that the company's debt-equity ratio stands at around 1:3. Mr Jaganathan further says that the company's debt portion is expected to increase, thanks to increasing working ... More

STANDARDS & BENCHMARKS
Ashok Leyland builds customer database
To sell is to know your customers. Ashok Leyland has built-up a data base of 130,000 customers. The information captures the business nuances of the customers and shows Ashok Leyland precisely where and how the customer would use trucks. The ... More

TVS & Sons bags ISO 14001:2004 certificate
Sundaram Iyengar & Sons Ltd(TVS & Sons Ltd), the parent company of TVS Group, has been certified as ISO 14001:2004 by TUV SUD Management Services Gmph, for implementing the Environment Management System in sales and service of automotive vehi More

SICK UNITS
Andhra Cements gets Rs 80-cr funds
Following a rehabilitation scheme approved by the Appellate Authority for Industrial and Financial Reconstruction (AAIFR) recently, Andhra Cements Ltd (ACL) has received Rs 79.99 crore of funds infusion. The company has informed ... More

PEOPLE
New V-P for Katriya Hotels
Mr K.V. Madhu Nair has joined the Katriya Hotels & Towers, a business class hotel, here as senior Vice-President (Operations). Mr Nair, who is also the Secretary General of the Hotels & Restaurants Association of Andhra Prade More


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Top Stories
Credit offtake declining

The data-exclusivity debate hots up

Gold fundamentals seen remaining bullish

Zinc users seek price regulatory panel

Football has viewers' eyeballs

Predicting the oil peak

PepsiCo set to start citrus cultivation in Punjab

Reliance Ventures, HSIIDC to set up 25,000-acre SEZ in Haryana

Looking back
Jun. 11-Jun. 17
Reliance opposes mandatory blending

India Cements plans plants in Himachal, Rajasthan, M.P.

Natural gas to RNRL: Details sought from RIL

On restructuring pay with a skew towards ESOPs

No change in ONGC's approach to become integrated energy co

IOC offers Kuwait stake in two projects

SCI to adopt new vessel acquisition policy


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