Business Daily from THE HINDU group of publications
Thursday, June 29, 2006
Markets (June 28)
BSE Sensex10129.70(-21.31)
S&P CNX Nifty2981.10(-1.35)
US Dollar (Buy/Sell)46.42 (+0.06)

Cross Currency


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ADR/GDR rules relaxed for unlisted cos
Govt allows sponsorship of ADR/GDR issue More

Suzlon gets shareholder nod to raise Rs 5,000 cr
Plans to issue equity shares, GDRs, ADRs, FCCBs and secured premium notes More

Oil bonds: A sticky problem for accountants
When the Government raised the price of petrol and diesel a few weeks back, it also announced that bonds would be issued, to save oil PSUs from "certain bankruptcy." The so-called `oil bonds' are to be for Rs 28,000 crore, as the current level ... More

Lipitor: UK court rejects Ranbaxy plea
The UK Court of Appeal on Wednesday rejected an appeal by Ranbaxy Laboratories Ltd against a ruling issued last October that its atorvastatin product would infringe the main patent covering Pfizer Inc's blockbuster drug Lipitor. ... More

Panyam Cements EGM
The shareholders of Panyam Cements & Mineral Industries Ltd (PCMIL) have at their extraordinary general meeting (EGM), held on June 24, approved allotment of 4,31,768 convertible warrants of Rs 10 each at an exercise price of Rs More

Needed, seamless cross-border M&A
There can be no legal bar for entering into a scheme of amalgamation between an Indian company and a foreign company More

Winners' curse and accountants' nightmare
The accountant is not as much in the doghouse for a misadventure in the share market as he is when M&As go sour. More

Tata Coffee mulls SPV to fund Eight O'Clock buy
Deal to be closed by July 31; EOC to be run as independent co More

Parragon Publishing sets up Indian subsidiary
UK-based Parragon Publishing has commenced operations in the country and plans to introduce 250 titles initially. The newly set up Parragon Publishing India Ltd plans to have a nationwide presence with offices in Mumbai, Chennai, Kolkata, ... More

SAIL plans to make stainless steel at Salem plant
Steel Authority of India Ltd (SAIL) announced on Wednesday plans to enter value-added steel manufacturing and manufacture of stainless steel at its Salem Steel Plant (SSP). The company has so far sourced stainless steel slabs for the Salem plant ... More

Emerson scouts for second site in India
From zero to becoming the fourth largest in the global design centre within a span of three years, Emerson Design and Engineering Centre (EDEC) in Pune has proved that the experiment of multidisciplinary centre has been a success. This success ... More

Aurobindo gets USFDA nod for HIV drug
Aurobindo Pharma Ltd has announced that the United States Food and Drug Administration (USFDA) has granted tentative approval for Abacavir oral solution, an anti-retroviral component used in the paediatric AIDS population ... More

Xenos Tech in pact with Hyundai, Ford
The Coimbatore-based Xenos Technologies Ltd (XTL), part of the Pricol group, has entered into agreements with Ford India and Hyundai Motor India Ltd for the supply of Nokia car enhancement products. The company was recently appointed by Nokia as ... More

Fiat paints Tatamobile bodies at its plant
As a beginning to the phase two of the alliance between Fiat and Tata Motors, Fiat India has now started painting Tatamobile 207 bodies at its Kurla paint booth. Mr Giovanni De Filippis, Managing Director of Fiat India, said: "We are painting ... More

Tata Motors to launch DiCOR engine cars
Working on 16-valve engine for Indigo, Indica models More

Ceat Tyres plans to expand capacity
Ceat Tyres plans to expand production capacity at its Nashik radial tyre plant and would be setting up a new manufacturing facility in Sri Lanka. The total investment for both plants is estimated at Rs 50 crore. Mr Paras K. Chowdhary, Managing ... More

Rico Auto to invest Rs 100 cr for new products, expansion
Auto components company Rico Auto plans to invest Rs 100 crore this fiscal towards introducing new products as well as capacity expansion at its plants. The company would be adding new `value-add' components to its portfolio this year such as ... More

UB to cut dependence on contract breweries
Chalks plans to expand own breweries More

Hitachi aims 20% market share in plasma TV
Japanese consumer electronics major Hitachi plans to spend Rs 12 crore to advertise and promote its LCD and plasma TVs in India this year, with the intention of capturing a 20 per cent market share in the high-end plasma TV market by ... More

Dr Reddy's rejigs key management posts
Drug major Dr Reddy's Laboratories Ltd has undertaken a major reorganisation with respect to its key management positions of Chief Financial Officer (CFO) and Chief of HR (CHR). With its current CFO, Mr V.S. Vasudevan, assuming the ... More

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Top Stories
Demand for construction machinery on the rise

PM favours cheaper loans to handloom weavers

`A one-billion middle-class deluge from India, China by 2020'

AMCs await full SEBI guidelines for foray into real estate MFs

Oil bonds: A sticky problem for accountants

Concern over rising salaries for IT freshers

Wheat import duty pegged at 5 per cent

Time to say goodbye to World Bank?

Qualcomm may invest more in R&D centres

Looking back
Jun. 18-Jun. 24
Hyundai to launch two new models every year

Relationship Management — Inability to manage work-life balance top employee issue

DLF IPO to hit the market by July 15

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

RIL plans Rs 4,000 cr investment in Bengal

As Zocor patent expires, Merck plays price-game

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