Business Daily from THE HINDU group of publications
Tuesday, August 08, 2006
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CORPORATE

RESEARCH & DEVELOPMENT
Ashok Leyland to invest Rs 70 cr on R&D units
To focus on product engg, supply chain management services More

ANNOUNCEMENTS
Work re-starts at Sirpur Paper mill
Sirpur Paper Mills Ltd has informed the stock exchanges that the production on all machines and normal functioning at its mill located at Sirpur- Kaghaznagar here, has re-started on Sunday. The company said the insurance claim ... More

CORPORATE DISPUTES
Proceedings against Lodha, Birla Corp stayed
The City Sessions Judge of Calcutta has stayed the entire proceedings initiated by Rameshwar Jute Mill Company (a B.K. Birla owned Company) against Birla Corporation, R.S. Lodha, R. Damani, S.K. Daga and several other directors. Rameshwar Jute ... More

PTL not averse to Sumitomo's nominee as MD for Swaraj Mazda
Opposing the continuation of Mr Yash Mahajan and Mr S.K. Tuteja on the board of Swaraj Mazda, Punjab Tractors Ltd (PTL) said at the Company Law Board (CLB) hearing on the issue on Monday that it was not averse to the appointment of Sumitomo ... More

OVERSEAS BORROWINGS
Indian Oil raises $370 million
To meet its funds requirement, the Indian Oil Corporation Ltd has signed loan agreements for raising foreign currency loan of $370 million. This will be utilised to meet the company's oil import requirements, a statement said. ... More

DIVIDEND ANNOUNCEMENT
Hindustan Paper pays maiden dividend to Govt
Registers an all-time high sales volume More

NEW BUSINESS
ICSA bags Rs 17.21-cr order
ICSA India Ltd has informed BSE that the company has secured a work order from Madhya Pradesh Paschim Kshetra Vidyut Vitran Company Ltd, Indore, for erection, testing and commissioning of a 11kV, LT lines, 11/0.4 kV distribution ... More

RESTRUCTURING
What next for GE Shipping?
Board to meet tomorrow to consider restructuring options More

Rayalaseema to issue new shares
Sree Rayalaseema Hi-Strength Hypo Ltd has informed the stock exchanges that its board of directors at a meeting on July 25 has fixed August 25 as record date to determine the eligibility of shareholders to receive new equity ... More

MERGERS & ACQUISITIONS
McDowell okays composite scheme
McDowell & Company Ltd has informed the Bombay Stock Exchange that the Bombay High Court has sanctioned the composite scheme of arrangement in the case of Triumph Distillers & Vintners Private Ltd, Baramati Grape Industries L More

NEW PROJECTS
Ennore Foundries setting up `pattern and tool shop'
To use software to simulate flow of metal in a mould More

Apollo Tyres to set up Rs 520-cr plant near Chennai
Enters pact with TN Govt; project to generate employment for 2,000 people More

Peninsula Land plans major expansion
On the lookout for large acreage projects all over India More

POSCO reduces land area for steel mill
Bid to minimise displacement of people from thickly-populated villages More

Tata BlueScope Steel opens facility in Pune
To manufacture, design and supply flat steel products More

TRADE & LABOUR UNIONS
Steel execs to go on indefinite hunger strike over wages
The Steel Executives Federation of India (SEFI), at a recent meeting, has decided to go for an indefinite hunger strike at the corporate headquarters of Steel Authority of India Ltd from August 11. According to a press release issued by SEFI, ... More

ALLIANCES & JOINT VENTURES
Manipal Health, Pantaloon tie up for retail healthcare
Joint venture co to open 100 stores over next two years More

SOCIETY & DEVELOPMENT
Adecco, Dr Reddy's arm join hands for rural outreach
To help Adecco's clients expand their network to towns and rural areas More

DIVERSIFICATION
Reliance Ind sets eyes on Pune for retail venture
Close to signing deal for 1,50,000-sq ft space in a mall in Erandwana locality More

OUTLOOK
Toyota Motor Asia Pacific to control Toyota Kirloskar
To strengthen production, supply and speed of individual companies More

Alkem Labs to roll out food products
A new range of table-top sweeteners, cookies, jams and jellies will soon roll-out of Rs 700-crore Alkem Laboratories, the Mumbai-based company that has been making medicines for over 30 years now. In September, Alkem will launch table-top ... More

PEOPLE
Raha on 'Energy Executive' award shortlist
Former Chairman and Managing Director of ONGC, Mr Subir Raha, has been short-listed for the `Energy Executive of the Year' award instituted by Petroleum Economist, the London-based energy journal. The other short-listed ... More






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Top Stories
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POSCO reduces land area for steel mill

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Looking back
Jul. 30-Aug. 5
Caparo Group keen on more investments in TN

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India a better place to invest than China, says Forbes survey

Discount issue: MRPL told to negotiate with OMCs

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Ruia Group may buy Monotona Tyre

ONGC re-negotiating ties with Shell

Lipitor patent: Ranbaxy gains on US court ruling

SABMiller in deal to buy Foster's India for $120 m


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