The Hindu Business Line : Friday, July 07, 2006

NEW BUSINESS
Siemens bags BSSL order
The Siemens Industrial Solutions and Services (I&S) Group has received an order from Bhushan Steel and Strips Ltd (BSSL) to supply all electrical and automation systems for a new wide hot strip rolling mill, which is to be built. The order ... More

CORPORATE BONDS
Prajay Engg. converts FCCBs
Prajay Engineers Syndicate Ltd has informed the stock exchanges that the allotment committee of its board of directors has allotted 1,30,426 equity shares of Rs 10 each, fully paid-up at a conversion price of Rs 75 per share to the proposed ... More

MERGERS & ACQUISITIONS
Dr Reddy's may go for more global buys
After making two significant global acquisitions during last fiscal, Dr Reddy's Laboratories Ltd is likely to go in for many more global acquisitions in the comings years. The Hyderabad-based drug major had acquired Roche's active ... More

Tata stocks riding on acquisitions, consolidation
A combination of factors ranging from acquisitions to impact of global consolidation in their respective sectors and the benefit of riding this wave while hailing from a respectable business house, has triggered investor interest in select Tata ... More

The finest steel has to go through the hottest fire
There are three things extremely hard, says Benjamin Franklin: "Steel, a diamond, and to know one's self." More

Mittal on India mission, to meet PM
Within days of his successful acquisition of rival steel maker Arcelor, steel baron Mr L.N. Mittal will visit India on Friday to explore investment options amid speculation that he may even be eyeing domestic players for expansion. Mr Mittal, ... More

NEW PROJECTS
GE to supply compressors for RPL
GE said on Thursday that its oil and gas business would supply compression technology to Reliance Petroleum Ltd (RPL) for the greenfield project in Jamnagar. In a statement issued here, GE said that it would supply three reciprocating ... More

INTERVIEW
Fiat India eyeing 5% market share by 2010
Giovanni De Filippis, MD, spells out growth plans and priorities More

DIVERSIFICATION
PowerGrid gets NLD telecom licence
To provide services to corporate and government agencies. More

OUTLOOK
Sixt hopes to breakeven by next year
One of the top five car rental companies in the world, Sixt, which started operations in the country seven months ago, expects to break even by middle of next year. Sixt's master franchisee for India, Sona Mobility Services' CEO, ... More

Juki Corpn bullish on India
Juki Corporation, the Japanese industrial and household sewing machines group, plans to build its brand more aggressively to cash in on India's fast growing garments exports industry while expanding its presence in other segments of household ... More

Superhouse Group to invest Rs 55 crore on expansion
To spend more on marketing and promotional activities More

PERFORMANCE
Leyland June vehicle sales up 17.3 pc
Ashok Leyland has recorded a 17.3 per cent increase in vehicle sales at 5,751 vehicles in June 2006, up from 4,903 in the corresponding month last year. A press release from the company said that in the medium duty vehicle (MDV) segment, ... More

PEOPLE
Madhuri Sapru is new MD of Kinetic
Ms Madhuri Sapru has taken over as the Managing Director (South Asia), of the out-of-home media agency, Kinetic. This change is subsequent to Mr Pratap Bose's (who held the position of Managing Director) taking over as the CEO of ... More